topic Re: Convergent collection letter in Rebuilding Your Credit

Convergent collection letter

noochski — Thu, 15 Nov 2012 00:16:11 GMT

I'm starting the process to buy my 1st home and had my FICO scores pulled by a lender last week. Today I received a letter from Convergent stating that they are attempting to collect a balance of $396.50. The letter lists the original creditor as Citibank and also lists LVNV Funding. I know for a fact that I NEVER had a Citibank account and am completely comfused about this debt. This account is not listed on any of my CRs either. What should I do?

Re: Convergent collection letter

britishbooklady — Thu, 15 Nov 2012 01:02:08 GMT

This sounds like a classic dunning letter. Look carefully...there should be a blurb in there somewhere about having 30 days to notify them (in writing) that you dispute the debt in question.

I would send them a DV letter right away (certified mail, return receipt).

If you don't challenge it, and the debt in question is less than 7 years old, they could put it on your CR. Not something you want showing up in the midst of trying to buy your 1st home.

Good luck!

Re: Convergent collection letter

Shogun — Thu, 15 Nov 2012 01:05:57 GMT

+1 You need to get that DV in the mail. Being as you have just received a dunning letter, it will be considered timely and thus cease collection activity until they validate that the debt is yours. You say that you have never had a citi account, if this is the case then perhaps it's a case of mistaken identity or identity theft. Get that DV in the mail so that you know where you stand.

Re: Convergent collection letter

noochski — Thu, 15 Nov 2012 01:17:43 GMT

It also states

"our client has advised us that they are willing to settle your account for 35% of your total balance." Would they be referring to LVNV funding? Also is anyone familiar with LVNV funding? If it has anything to do with Las Vegas NV, I can absolutely say that I haven't lived there since early March 2005. Any debt that I may have occured there is definitely beyong the SOL.

Re: Convergent collection letter

Shogun — Thu, 15 Nov 2012 01:37:41 GMT

LVNV is just the name of the CA. They aren't an OC of any type. It's just the name of the company.