09-29-2010 07:25 PM
I got a updated credit report and I have a chargeoff creditone bank card it was sold to LVNV after chargeoff. My question is can LVNV report this as 120+ days late or should it read something else it is in my account section and not the collection. I am trying to resolve this debt I have sent in a PFD letter in hopes they will except. Can anyone shed some light for me please
09-29-2010 07:34 PM
I've been wondering this as well. I had an old collection account that was reporting 120+ days late as well. Every month, the previous month would update to OK and the current month would report as 120+ days late. I was under the impression (from other MyFico contributors) that CAs couldn't report this way. If anyone could clarify this, that would be great!
10-01-2010 07:42 AM
I had an old CreditOne account that was charged off to LVNV. Before I found out about these forums, I paid LVNV. LVNV is kinda tricky to find because they are also known as Sherman Financial or Resurgent Capital Services. I went to Resurgent Capital's website and found an email address. I sent an email asking for a GW deletion and I recv'd a letter stating that they would delete from the CRA's during the next reporting cycle. Maybe you should send your PFD to them instead of LVNV. Sorry about the 120 days reporting but I definitely think they're wrong.
10-07-2010 08:32 PM
I could not find any personal contact information for Resurgent. Could you PM me the info you used to contact them?
10-07-2010 09:09 PM
I would first get a more complete credit report from annualcreditreport.com.
I doubt that, in your actual credit file, the CA has made any reporting of a 120-day late. They dont have reporting codes to do this.
You dont have an "account" with a CA. CA accounts are between the CA and the CRA.
I would suspect that what you are seeing a merger of information in your credit file in the commercial credit report that you have purchased.
They are notorious for reporting information without nailing down the actual party who reported it.
12-21-2010 09:15 PM
RobertEG, I've actually seen this before. A CA reporting monthly as a 120-days late. It happens in Equifax, but not due to any merge errors, etc. It's the CA reporting this. The one I've seen has been reporting this way for 6 years, but I told the report owner not to wake a sleeping bear that it should fall off next year which ever month it was scheduled. That's c-r-a-z-y!
12-21-2010 11:11 PM - edited 12-21-2010 11:34 PM
Jay, that may be what you perceive, but I dont think that reflects the facts.
When a debt collettor opens a CA with the CRA, they simply have NO reporting codes to report any dates of delinquency under an OC account. Totally separate accounts. A debt collecftor cannot post to an OC account. Just not possible.
You are seeing a consumer credit report that is simply not telling you the original source of the merged and confusing information that they are selling to you.
What you are seeing is the last and current date of the worst delinquency status reported by the OC, and merged into their credit report format as a sub-posting that they extract from your credit file, and then post to your consumer CR under a title they call your CA accounts, when it was not even posted by the debt collector. It is just a crummy consumer credit report.
If you dont agree, then try filing a dispute of montly delinquency reporting allegedly done by a debt collector, under either FCRA 611(a)1), or the direct dispute process under FCRA 623(a)8), and provide a showiing that the debt collector inaccuracy reported this information. I dont think this will result,upon investigation,in showing of monthly delinquency reporting improperly done by a debt collector that was entered into the OC account segment of your credit file.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.