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New Contributor
KnewBee
Posts: 89
Registered: ‎10-10-2012
0

LVNV multiple Tradelines best approach

Hello, I have more than TL from LVNV with different OCs. For the purposes of dv letters, settlement attempts, disputes to how they are reporting them etc. is it best to treat each TL individually or treat it as one account since it is all the same JDB? I am guessing something like a dv letter is probably best to treat each TL separately, but any cases where you treat it as one? I.e. more leverage in a settlement attempt? 

 

Hope this makes sense. Thank you!

Starting Scores: 9/19/2012 EQ 613 / TU 526 / EX PLUS FAKO 563

Current Scores: EQ 642 / TU 519 / EX PLUS FAKO 610

Goal Scores: 700
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: LVNV multiple Tradelines best approach

If you try to settle, there's nothing wrong with bundling them all together and making an offer.


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July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011
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Re: LVNV multiple Tradelines best approach


KnewBee wrote:

Hello, I have more than TL from LVNV with different OCs. For the purposes of dv letters, settlement attempts, disputes to how they are reporting them etc. is it best to treat each TL individually or treat it as one account since it is all the same JDB? I am guessing something like a dv letter is probably best to treat each TL separately, but any cases where you treat it as one? I.e. more leverage in a settlement attempt? 

 

Hope this makes sense. Thank you!


How old are these trade lines?

 

LVNV is notorious for being flightly and loose with the law.. You might be able to gain leverage to compel deletion from them..

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
New Contributor
KnewBee
Posts: 89
Registered: ‎10-10-2012
0

Re: LVNV multiple Tradelines best approach

They are all about 5 years old, but the way they are being reported they look like new accounts!

Starting Scores: 9/19/2012 EQ 613 / TU 526 / EX PLUS FAKO 563

Current Scores: EQ 642 / TU 519 / EX PLUS FAKO 610

Goal Scores: 700
Member
NotIT
Posts: 6
Registered: ‎07-27-2012
0

Re: LVNV multiple Tradelines best approach

I am having a similar issue here... I have sent DV ltrs to no avail.  However since I've sent 2 DV's with adequate time to respond, I've noticed a new "trend"...  they keep "closing" the acct on my credit report, but I'll see a new "acct #" for the same exact amt listed as open for this month... this appears to be a constant cycle since my ltrs.  

Also, every once in a while they seem to overlap and will show as 2 collections one opened last month and one this month.

 

LVNV is royally confusing as to how to handle, so I'm very interested in what anyone has to say about them.  Below is how it shows on my report:

 

 

800-363-3115
PO BOX 740281
HOUSTON, TX 77274
 Experian®Equifax®TransUnion®
 
Account NameLVNV FUNDING LLCLVNV FUNDING LLCLVNV FUNDING
Account #XXXXXXXXXXXX
Account TypeDebt PurchaseOpen AccountOpen account
Balance$627.00$625.00$627.00
Date Opened9/1/20119/1/20119/23/2011
    
Account StatusClosedClosedOpen
Mo. Payment   
Past Due$627.00$625.00$627.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection departmentAt least 120 days or more than four payments past dueCollection account
High Balance $603.00$603.00
Limit   
Terms1 Month  
CommentsAccount in dispute-reported by subscriber
COLLECTION ACCOUNT
Account information disputed by consumer

Starting Score: 7/27/12 TU 622 / EQ 584 / EX 642
Current Score: TU 10/22/12 609 / EQ 695 / EX 658
Goal Score: 713 All 3


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okdebtfighter
Posts: 2
Registered: ‎10-17-2012
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Re: LVNV multiple Tradelines best approach

[ Edited ]

I found this forum while doing some research on lvnv.  I have sent them request after request and they kept reaging the account and then they kept transfering it to another one of their companies.

 

They are trying to collect on a First Premiere Bank Visa that is 6 years old and another visa card.  I found that both cards had arbitration clauses.  I paid the money to invoke the arbitration and they never responded. 

 

I filed suit last week against LVNV Funding and Resurgent Capital and Sherman Companies. 

 

LVNV isn't new at this.  There is currently a lawsuit that is pending against them for listing themselves as an "Orginal Creditor".  They tried to have it dismissed and the courts ruled against them. 

 

From my experience, the only thing that they have listened to is my court filing.  All of a sudden I found myself saying... Can you hear me now?

 

The amount of debt I have is under $1000.00 total with them and it is out of the Statute of Limitations.  They even told me it was past the SOL but they keep making it so it won't come off my credit. 

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: LVNV multiple Tradelines best approach

The fact that it is past the SOL does not require the removal of it from your CR.  The CRTP is 7 years + 180 days of the DOFD.


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