Regular Contributor
snsforever916
Posts: 144
Registered: ‎06-28-2012
Re: LVNV BBB Response

Tryingtogetthere wrote:
This account is well out of the SOL. It will hit the 7.5 year mark in February 2013 so it is well past the 4 year mark.

As far as them reporting as a Factoring Company... Many people have stated that they filed a complaint and where successful on this issue. They are a JDB, not a factoring company. From what I understand factoring companies buy accounts in good standing, not collections. They are reporting the account as 1 month terms with KD's. This is the problem.

Yep, I saw that. While I agree with everything you are saying, I would not have contacted the BBB on an account that would be removed from my credit report in less than 6 months. So, now you are in the same position that you were before and a collection agency that may buy an account within SOL in the future.

Starting Scores:
Lender Pull 7/10/2012 EQ 585 EX 617 TU 551
8/2012 MyFico EX 598 01/2013 EX 608 2/2013 EX 620 :smileysurprised:)
9/12/2012 624 (Fico Discover)
02/7/2013 660 (Fico Wally)
At least I'm heading in the right direction!!!

Goal Score:740+, home loan and Get rid of subprime cards!!!