advice for dealing with lvnv funding on credit report.

[munki3b0i]

hello all, long time lurker first time poster here on myfico. i live in california and for the past few years I have been working on rebuilding my credit. everything has been going extremely well and last month my fico score was 729. this month i was shocked, it fell to 659. i pulled my credit report and lvnv funding reported a negative

LVNV FUNDING LLC
PO Box 10497
Ste 110, Ms 576
Greenville , SC-296030497
(866) 464-1183
Account Number: 39101XXXX Current Status:
Account Owner: Individual Account. High Credit: $ 521
Type of Account : Open Credit Limit:
Term Duration: Terms Frequency:
Date Opened: 09/25/2012 Balance: $ 567
Date Reported: 04/17/2014 Amount Past Due: $ 567
Date of Last Payment: Actual Payment Amount:
Scheduled Payment Amount: Date of Last Activity: N/A
Date Major Delinquency First Reported: 04/2014 Months Reviewed: N/A
Creditor Classification: Activity Description: N/A
Charge Off Amount: Deferred Payment Start Date:
Balloon Payment Amount: Balloon Payment Date:
Date Closed: Type of Loan: Factoring Company
Account (debt buyer)
Date of First Delinquency: 09/2008
Comments: Collection account

i'd love some advice on how i can get this removed from my credit report.

thanks in advance.

[pizzadude]

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@munki3b0i wrote:

hello all, long time lurker first time poster here on myfico. i live in california and for the past few years I have been working on rebuilding my credit. everything has been going extremely well and last month my fico score was 729. this month i was shocked, it fell to 659. i pulled my credit report and lvnv funding reported a negative

LVNV FUNDING LLC
PO Box 10497
Ste 110, Ms 576
Greenville , SC-296030497
(866) 464-1183
Account Number: 39101XXXX Current Status:
Account Owner: Individual Account. High Credit: $ 521
Type of Account : Open Credit Limit:
Term Duration: Terms Frequency:
Date Opened: 09/25/2012 Balance: $ 567
Date Reported: 04/17/2014 Amount Past Due: $ 567
Date of Last Payment: Actual Payment Amount:
Scheduled Payment Amount: Date of Last Activity: N/A
Date Major Delinquency First Reported: 04/2014 Months Reviewed: N/A
Creditor Classification: Activity Description: N/A
Charge Off Amount: Deferred Payment Start Date:
Balloon Payment Amount: Balloon Payment Date:
Date Closed: Type of Loan: Factoring Company
Account (debt buyer)
Date of First Delinquency: 09/2008
Comments: Collection account

i'd love some advice on how i can get this removed from my credit report.

thanks in advance.

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Have you received anything in writing from them yet, or have you sent a DV letter?

[RobertEG]

Is it a legitimate debt?

If so, then a PFD might be the next step.

Whether to send a DV would depend on the legitimacy of the debt, and thus their liklihood of verification.

If you send a tinely DV, any PFD negotiations would be precluded until they provide verifcation, and you would remain in limbo until they chose to verify.

[SunriseEarth]

If it's a legit debt, I think PFD is the way to go.  If they don't go for PFD, then pay and send GW letters.  I settled with LVNV a few years back.   Last year, I had success with GW removal, although it took a few letters to get it removed.