06-17-2013 03:04 PM
A LVNV outsourced CA has been on me for some time to settle a $1700.00 C/O. After reading these forums I realized that I had not received a letter stating what I owed. The CA made me a settlement offer several months ago just under the amount owed. As I didn't have the money at the time, I let him know and refused the offer. I called back 10 days ago and offered $650.00 to close. He said that he would not consider it because I refused his last offer. He then came back with a settlement higher than the one he made a few months back and refused to budge. I again refused. I sent a DV letter ( a template from this site) directly to LVNV that day. About four days ago he called and said they would settle for 50%, but said they already verified the debt and would send out nothing more. I am able to pay the full 1700.00 without trouble, but until I visited this site I had no idea that scammers could get this info and initiate unauthorized collections. So I would first like to thank all for the wealth of information and then to ask if I am making the right decision to hold out? As I understand it LVNV is an established company and although their tactics are questionable, they are legit. The CA refused, by the way, even to consider a PFD for the full amount. Thanks in advance.
06-17-2013 04:10 PM
They didn't. I never received a letter. The thing that struck me as suspicious is that they refused to settle for less that the original amount after I declined their offer. Now, 10 days after I sent a follow up DV, they call out of the blue offering 50% of the original debt.
06-17-2013 04:34 PM
06-17-2013 04:54 PM
I began getting calls from a CA, but didn't know about LVNV until I pulled a CR 30 days back. I also noticed that the OC is reporting debt is sold, but still has a balance of $110.00 and it is listed as past due. If they sold the debt, wouldn't the TL show a C/O with $0 balance? On a similar note, would it be worth while to PFD the OC for the full balance, or is too late for that? I neither confirmed or denied to the CA that the debt was mine ( long, typical divorce story) but they refused to even entertain a PFD for 100% of what is owed. I have no problem paying the debt, I just want to make sure that they are the ones contracted to collect.
06-17-2013 05:27 PM
If the OC sold the debt outright, they should have zeroed out the amount. If only assigned, they can report a balance.