Sent a DV letter to CA....

[rckstrscott]

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@iamdetermined wrote:
@Anonymous everyone. Here's my latest update in regards to this account. (I doubt it makes a difference but I realized the correspondences they are sending to me are in my married name (I'm divorced now) and when I sent my letter it was in my maiden name- shows how much they don't pay attention..lol) Well I received a letter dated 5/14 from Resurgent Capital Services that states: "This account has been placed with Resurgent Capital Services, LP. Please find the enclosed verification of debt. If you have any further questions, please contact one of our Customer Service Representatives toll free @ xxx-xxx-xxxx. For your convenience you may submit..." etc etc Then on the 2nd page I received it says: Verification of Debt May 14, 2012 {my name is here} LVNV Funding LLC currently owns acct number xxxxxxxxxxxxxxxx. This account was originated by Total Visa and recently acquired from North Star Capital Acquisitions, LLC. At that time, the balance was $499.78. As of the date of this communication, the account balance is $529.49. 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 is at xxx-xxx-xxxx to determine the exact balance. When I sent the DV letter I asked for specific info (proof that they are licensed to collect debts in NY, proof that the SOL didn't expire, their license #, etc). They did not provide any of that info. I looked @ my CR & 6/06 was when it was first reported as 30 days late. Should I work this out with them before they hit my CR? (Plains Commerce, the original creditor already dropped off of report). I'd hate to ignore this & it haunt me later.

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Well, they aren't legally required to provide any of that information in those template DV's you see floating around the web.

So this account has not hit your credit report yet?

-scott

[iamdetermined]

Ok. That's probably why they didn't provide it to me It was on my CR as Plains Commerce Bank but when I disputed it, it dropped off. Then I started getting these correspondences from Capital Mgmt & now Resurgent. The account has been closed since 12/06.

[rckstrscott]

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@iamdetermined wrote:
Ok. That's probably why they didn't provide it to me It was on my CR as Plains Commerce Bank but when I disputed it, it dropped off. Then I started getting these correspondences from Capital Mgmt & now Resurgent. The account has been closed since 12/06.

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LVNV sucks, so they will probably report it for the next 2 years they legally can report it for.. just giving you the heads up.

I would offer to settle to be honest, unless you aren't worried about  it showing for the next 2 years.

Most of the BBB complaints on them usually stem around the no dunning, and since you just got the dunning, they will play hard ball I am assuming.

-scott

[iamdetermined]

Ughh. I'm going to just take care of it because I don't want to fight with them AFTER they report. Thanks for your help.

[iamdetermined]

So I already decided I was going to contact Resurgent next week to try to handle this matter but today I received a letter from Resurgent (2 days after they sent a "verification of debt letter" to me & it states: Dear xxxx: Information you provided regarding this account has been forwarded for review. However we have since been unable to contact you to discuss this account. If we are unable to establish contact with you within 21 days from the date of this letter, we may resume collections on your account. Should you desire to pay off the account in full, you should contact xxx-xxx-xxxx to determine the payoff balance as interest, payments, credits, fees and/or other permissible charges can continue to cause the account balance referenced above to vary from day to day. Please contact us toll free @ xxx-xxx-xxxx so we may update your contact information and assist you in resolving this account. When I sent the DV letter I provided my contact info (address, no phone #). The SOL in my state is 6 years...does the sol start from the date of the first derogatory reporting? (it was 6/06) I think they are trying to get it in before it runs out next month! If they do, will it stay ony report past the sol?

[rckstrscott]

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@iamdetermined wrote:
@Anonymous I already decided I was going to contact Resurgent next week to try to handle this matter but today I received a letter from Resurgent (2 days after they sent a "verification of debt letter" to me & it states: Dear xxxx: Information you provided regarding this account has been forwarded for review. However we have since been unable to contact you to discuss this account. If we are unable to establish contact with you within 21 days from the date of this letter, we may resume collections on your account. Should you desire to pay off the account in full, you should contact xxx-xxx-xxxx to determine the payoff balance as interest, payments, credits, fees and/or other permissible charges can continue to cause the account balance referenced above to vary from day to day. Please contact us toll free @ xxx-xxx-xxxx so we may update your contact information and assist you in resolving this account. When I sent the DV letter I provided my contact info (address, no phone #). The SOL in my state is 6 years...does the sol start from the date of the first derogatory reporting? (it was 6/06) I think they are trying to get it in before it runs out next month! If they do, will it stay ony report past the sol?

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The CRTP (credit reporting time period) and the SOL (legal statute of limitations) are two different things.

The SOL refers to the time in which they can sue you for the debt to compel payment.

The CRTP is how long it can show on your credit report. -- They can still report this debt for 7 1/2 years past the DOFD, which appears to be June 2006. So roughly 18 months from now it will fall off, if it ends up showing.

-scott

[iamdetermined]

Thanks for breaking that down for me. I understand now. I'm going to stick to the plan-handle this before I regret not handling it.