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11-14-2012 04:16 PM
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?
11-14-2012 05:02 PM
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.
11-14-2012 05:05 PM
+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.
11-14-2012 05:17 PM
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.
11-14-2012 05:37 PM
LVNV is just the name of the CA. They aren't an OC of any type. It's just the name of the company.