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Contributor
noochski
Posts: 81
Registered: ‎05-30-2012

Convergent collection letter

I'm starting the process to buy my 1st home and had my FICO scores pulled by a lender last week. Today I received a letter from Convergent stating that they are attempting to collect a balance of $396.50. The letter lists the original creditor as Citibank and also lists LVNV Funding. I know for a fact that I NEVER had a Citibank account and am completely comfused about this debt. This account is not listed on any of my CRs either. What should I do?

Regular Contributor
britishbooklady
Posts: 151
Registered: ‎05-22-2010

Re: Convergent collection letter

This sounds like a classic dunning letter. Look carefully...there should be a blurb in there somewhere about having 30 days to notify them (in writing) that you dispute the debt in question.

I would send them a DV letter right away (certified mail, return receipt).

If you don't challenge it, and the debt in question is less than 7 years old, they could put it on your CR. Not something you want showing up in the midst of trying to buy your 1st home. 

 

Good luck! :smileyhappy:


Starting Score: EX: 661, EQ: 662, TU: 694 [Lender Pull 12/30/2010]
Current Score: EX: 665, EQ: 680, TU: 710
Goal Score: EX: 750+, EQ: 750+, TU: 750+

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Moderator
Shogun
Posts: 10,925
Registered: ‎04-15-2011

Re: Convergent collection letter

+1  You need to get that DV in the mail.  Being as you have just received a dunning letter, it will be considered timely and thus cease collection activity until they validate that the debt is yours.  You say that you have never had a citi account,  if this is the case then perhaps it's a case of mistaken identity or identity theft.  Get that DV in the mail so that you know where you stand.


Starting Score: 504

Current Score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Contributor
noochski
Posts: 81
Registered: ‎05-30-2012

Re: Convergent collection letter

It also states

 

"our client has advised us that they are willing to settle your account for 35% of your total balance." Would they be referring to LVNV funding? Also is anyone familiar with LVNV funding? If it has anything to do with Las Vegas NV, I can absolutely say that I haven't lived there since early March 2005. Any debt that I may have occured there is definitely beyong the SOL.

Moderator
Shogun
Posts: 10,925
Registered: ‎04-15-2011

Re: Convergent collection letter

LVNV is just the name of the CA.  They aren't an OC of any type.  It's just the name of the company.


Starting Score: 504

Current Score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Going for Wade64's RUDY Spade!

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