Reply
Established Member
Posts: 28
Registered: ‎05-11-2012
0

Looking for LVNV next move info

[ Edited ]

Hi all, new here.  I searched and couldn't find anything similar.

 

I have an LVNV collection on my report.  It's been there for almost 4 years and I don't remember getting a Dunning letter from them.  I'm in CA and the SOL is 4 years, which ends in 6 months.  If I did get the letter, I didn't send a DV.  Is it too late to send a DV or should I wait for SOL to expire and then send a zombie debt letter requesting a delete of the credit report information?  Or is that not even the correct course of action?

 

Thanks!

Real FICO Scores
Current: EQ-639 TU-630 EQ-615 (8/20/13)
History: EQ-560 TU-588 (6/11/12); EQ-549 (5/09/12) TU-514 (5/11/12)
Epic Contributor
Posts: 20,941
Registered: ‎03-19-2007
0

Re: Looking for LVNV next move info

You can always send a DV.  If they didnt send dunning notice, it would be timely, and thus invoke an automatic cease collection bar.  However, if they did send dunning notice, it would be untimely and provide no pressure to remove a cease collection bar as incentive to provide verification.

 

I am not sure of what you mean by sending a "zombie" letter as a basis for CR deletion.  Neither failure to send dunning notice nor expiration of SOL are bases for CR deletion.

Dunning notice is a debt collection practices issue under the FDCPA, and SOL is an issue of legal obligation to pay the debt.

 

Dispute of their reporting would be confined to its accuracy.  What would be the asserted inaccuracy?

 

With imminent expiration of SOL, I would opt to delay any communications at this point.

Established Member
Posts: 28
Registered: ‎05-11-2012
0

Re: Looking for LVNV next move info

[ Edited ]

Thanks for the information.  My head is starting to spin.  I came across a letter template edited for removing debt that has expired SOL from a CA.  This is the "zombie" debt letter I'm referring to.  What would be the next step after SOL expires then?

 

 

 

Unfortunately links to CIC aren't allowed on here because their advice goes against the rules of this site. - llecs, myFICO moderator

Real FICO Scores
Current: EQ-639 TU-630 EQ-615 (8/20/13)
History: EQ-560 TU-588 (6/11/12); EQ-549 (5/09/12) TU-514 (5/11/12)
Highlighted
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Looking for LVNV next move info

Here's a myFICO forums friendly-version of that letter:

 

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/12-Year-old-debt/m-p/1209419#M167133

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.