Congrats! I was able to get LVNV off my husbands report but they will not be deleting mine. Go figure~! Unfortunately, LVNV is smart. For the folks who have pretty bad overall credit (more than a few collection accounts, late pays and not a lot of positive account information) they are willing to delete their reporting. However, in my case, I have only a small fraction of bad, the rest being almost 14 years of positive payment records, etc....
All of their lying is ridiculous. I love how they say that they sent all of these dunning notifications, which they did not. I did not get a notice until March 10, 2012. I pulled my credit report March 26, 2012 and saw they entry as 1st reported as of January 2011. That is when I started dealing with them and Northland Group(there little collection croney).
Mod Cut
Greenville, SC 29601-2164
Previous Creditor: Arrow Financial Services, LLC
Original Creditor: HSBC Direct Merchants Bank
Current Owner: LVNV Funding LLC
Account Number:
Reference Number:
Current Balance:
Dear
This letter is in response to your correspondence dated July 23, 2012 regarding the above referenced account. LVNV Funding LLC (“LVNV”) currently owns account number ending in ####. Resurgent Capital Services L.P. (“Resurgent”) is the servicer of accounts owned by LVNV. The account was previously sold by Arrow Financial Services, LLC (“Arrow”) on or about September 23, 2011 at which time the balance was $. As of the date of this communication, the account balance is $. Because interest, payments, credits, fees, and/or other permissible charges can continue to cause the account balance to vary from day to day, you should contact us at 888-665-0374 to determine the exact balance. Please review the following account information:
- Arrow advised that this account originated on 2005 and was opened with HSBC Direct Merchants Bank.
- This account charged off on 2008.
- Arrow advised the last payment in the amount of $ was received on 2007.
- No payments have been received on this account since LVNV’s acquisition in 2011.
All rights to collect were transferred to LVNV when this account was purchased from the previous creditor. Therefore, this account is being reported to the three major consumer reporting agencies. The original creditor also retains the right to report the history of this account from the origination date to charge off.
Please be advised Resurgent utilizes third party collection agencies to collect on its behalf. This account was placed with Northland Group on 2011 to collect on the unpaid balance. We have confirmed with Northland Group that an initial settlement letter was mailed to Mrs.......... on 2011. Additionally, a negative reporting notice was mailed to Mrs.......... on , 2011, prior to the credit bureau reporting of this account on 2011.
In accordance with the Fair Credit Reporting Act, a request to update the LVNV tradeline as disputed will be submitted to the three major consumer reporting agencies during the next reporting cycle.
If, after review of the above referenced information, Mrs.......... believes this account is fraudulent, we would ask for a completed police/incident report regarding the fraud, or a notarized fraud or identity theft affidavit in order to help us resolve this matter. Blank forms are available at the FTC’s website: http://www.ftc.gov/bcp/edu/microsites/idtheft/. If this account was paid or settled in full, the settlement offer, cancelled check(s), and/or confirmation of payment in full would help us resolve this complaint. In addition, if Mrs.......... has any correspondence to/from Arrow and/or HSBC Direct Merchants Bank concerning her dispute, it may help with our investigation, so please have her forward it to:
Compliance Department or Fax: 866-467-0918
MS 250
P.O. Box 10497
Greenville, SC 29603
If we do not receive additional information from you within 45 days of the date this letter is received, then we will assume this dispute is resolved. If you have any further questions, comments or concerns, please contact Customer Service at 888-665-0374.
Sincerely,
Compliance Department
Resurgent Capital Services L.P.
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"What should I do here? I want to reject their response but I need some help with what I should include in my response. I am of course not disputing the debt just their reporting as a factoring company. Can I get some advice here? Thanks."
Honestly, there is little to nothing you can do. Since you are technically past due 120 days, they are allowed to place that information on your credit report. BLAH!
You are in the same boat as I am. If LVNV feels that you are capable of paying your debts based on your credit report, they become unwilling to delete, change anything and often times will say fradulent stuff to BBB to keep their reporting on your credit report. Frankly since they are unwilling to PFD, charged a huge amount of interest/fees in the last few years on my account, I've decided that they will remain unpaid. In 2014 they will be off my credit report, passed SOL and if another company purchases this debt then I will settle at that point. LVNV will never get a cent from me. They lied to BBB and lied to me. I wouldn't even mind paying them without a PFD, however they are a dishonest company which I will not deal with. If they contact me in the future, I will tell them to blank off!
On a side note, anyone with a bad past with multiple collections, chargeoffs, lates and derrogs often do well by reporting to the BBB. They removed their reporting from my husbands report.