Dunning Notice

[gtnitright]

Is this a dunning notice? I've searched the forums and can't find a definition of a "dunning notice" but I think I may have one. It reads as follows .

Our client LVNV Funding is offering you a settlement of 70% 546 in 6 payments over 6 months. Once payments of (30%) $91.15 have been paid we will consider this account settled in full. Is this a DUNNING or a Settlement offer.

This is a very old account and is not reporting to any of the credit agencies. Someone please help. I only have 3 baddies on my report that I am trying to clear up by next Jan 2014.
Original Creditor: GE/Dillard's
Creditor: LVNV FUNDING but the letter came from First National Collection Bureau

[gtnitright]

Can anyone help me?

[themizlyne]

That's a settlement offer.

[gtnitright]

It's not showing on my report. Should I request them not to report if I pay this account?

[DaBears]

How old is the collection? Looks like GE/Dillards sold the account to LVNV Funding. They are now using a 3rd party to collect for them.

[Shogun]

You say it's really old, could be a zombie debt, meaning it's past the SOL for judgement and past the CRTP for them to put it on your CR.  I'd send a DV.

[RobertEG]

What is commonly called a "dunning notice" is defined under FDCPA 809(a).

The notice must be sent within 5 days after intitial communication with the consumer, and must contain the name of the creditor to whom the debt is owed, its amount, and advisement of the right to request, within 30-days of the notice, validation of the debt and/or the name of the original creditor, if different from the current creditor.

If this was the first communication from them, they are required to follow-up with formal dunning notice within 5 days of their initial communication.