Re: LVNV Funding[ Edited ]
06-29-2012 11:05 PM - edited 06-29-2012 11:08 PM
No, they cannot "change it to an installment loan."
In fact, you have no type of account agreement with a debt collector. Thus, you dont have any billing statement due dates upon which to base any account delinquency.
If you see reference to "installment" in connection with a collection, it is a reference to the type of credit with the OC that led to the collection.
Collection activity must all cease to be included in your CR upon expiration of the 7/180 period from DOFD.