CONVERGENT LETTER

[azgranny22]

I have been working on rebuilding my credit  since 2012 and have finally started to see the light at the end of the tunnel.  Today I received a letter from Convergent stating they are collecting for  Creditor:   LVNV Funding LLC.  Original Creditor:  Columbus Bank and Trust Co.  offering to settle my account for 35% of my total balance due if I pay full amount, 50% if I pay over 3 months, and 100% in 12 installments.  I dont recall owing anything to Columbus Bank and Trust, but from what I have been reading it could be for a credit card company owned by Columbus Bank.  I had 2 credit cards 12 years ago.  Way past the SOL in Arizona where I live.  I went to the annual free credit report site and pulled my credit reports. No collections.  No negative accounts.   No Public Records.  TransUnion does show that ER Solutions a company that is affiliated with Convergent (on their website) did an account review inquiry in May.  I have 30 days from 5/23/14 to dispute the validity of the debt  in writing or if I want to take advantage of the settlement offer I have 45 days to contact them via phone.  So, my question is what do I do now?  I cant afford to pay them anything and I dont want this messing up my credit that I have worked so hard to clean up.  Does anyone have any good advise for me?

[myjourney]

If your sure the debt is as old as you say DV chances are they won't come back with anything 

Sounds like  zombie collector 

[gizmotchy]

In my opinion, first step is to DV Convergent, and find out exactly what this is, and whether it's even yours or not.  Once you have that information, you can choose from that point what you do.  If you are correct and this is in reference to a 12 year old credit card debt, it's obviously beyond SOL, and the credit reporting period.  If it were me in that situation, I would probably give them a FOAD letter - this is so much of a zombie debt that it's not worth even giving the time of day, in my opinion.

Keep in mind that I am sort of new to this myself, but this sounds like the proper course of action.

[Shogun]

I agree with the above posters, sounds like a zombie.  Send a DV.

[LearningMoreAboutCredit]

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@azgranny22 wrote:

I have been working on rebuilding my credit  since 2012 and have finally started to see the light at the end of the tunnel.  Today I received a letter from Convergent stating they are collecting for  Creditor:   LVNV Funding LLC.  Original Creditor:  Columbus Bank and Trust Co.  offering to settle my account for 35% of my total balance due if I pay full amount, 50% if I pay over 3 months, and 100% in 12 installments.  I dont recall owing anything to Columbus Bank and Trust, but from what I have been reading it could be for a credit card company owned by Columbus Bank.  I had 2 credit cards 12 years ago.  Way past the SOL in Arizona where I live.  I went to the annual free credit report site and pulled my credit reports. No collections.  No negative accounts.   No Public Records.  TransUnion does show that ER Solutions a company that is affiliated with Convergent (on their website) did an account review inquiry in May.  I have 30 days from 5/23/14 to dispute the validity of the debt  in writing or if I want to take advantage of the settlement offer I have 45 days to contact them via phone.  So, my question is what do I do now?  I cant afford to pay them anything and I dont want this messing up my credit that I have worked so hard to clean up.  Does anyone have any good advise for me?

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What is the DOFD on this debt? CB&T is based in GA where the SOL is 4yrs opposed to the 6yr SOL in AZ.  I would agree with others defining this as a zombie debt.  DV Convergent AFTER you determine the DOFD and SOL.

Good luck...

ETA: If this is in reference to your cards held 12 years ago, then DV but a FOAD letter would be more appropriate.

[Anonymous]

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@azgranny22 wrote:

I have been working on rebuilding my credit  since 2012 and have finally started to see the light at the end of the tunnel.  Today I received a letter from Convergent stating they are collecting for  Creditor:   LVNV Funding LLC.  Original Creditor:  Columbus Bank and Trust Co.  offering to settle my account for 35% of my total balance due if I pay full amount, 50% if I pay over 3 months, and 100% in 12 installments.  I dont recall owing anything to Columbus Bank and Trust, but from what I have been reading it could be for a credit card company owned by Columbus Bank.  I had 2 credit cards 12 years ago.  Way past the SOL in Arizona where I live.  I went to the annual free credit report site and pulled my credit reports. No collections.  No negative accounts.   No Public Records.  TransUnion does show that ER Solutions a company that is affiliated with Convergent (on their website) did an account review inquiry in May.  I have 30 days from 5/23/14 to dispute the validity of the debt  in writing or if I want to take advantage of the settlement offer I have 45 days to contact them via phone.  So, my question is what do I do now?  I cant afford to pay them anything and I dont want this messing up my credit that I have worked so hard to clean up.  Does anyone have any good advise for me?

      Hello i am new here, I just recieved to letters from them as well and im sure the debt if legit is 7 or more years old, Would you mind to say what became of this?  thanks

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[RobertEG]

If dunning notice was dated 5/2014, then the period for a tmely DV has expired.

That means that you cannot now impose a cease collection bar on them by sending a DV, and thus cannot prevent them from reporting their collection at any time.

If you wish to contest the validity fo the debt before considering any payment, then your request for validation is informal, and would impose no requirments on the debt collector to cease any actions.

Your remaining avenue for disputing validity would most likel now reside with the courts.

So, in my opinion, your decision at this point is whehter to pursue dispute of validity of the debt without benefit of any cease collection bar under the FDCPA, or making attempts to satisfy the debt, such as a settlement offer.

If you cant afford to pay the full amount, then maybe offering a payment plan in exchange for their agreement not to report as long as you continue to meet the terms of an agreed payment plan......