topic Re: LVNV Funding.... Help, I need it all.... in Rebuilding Your Credit

LVNV Funding.... Help, I need it all....

Newstart122014 — Thu, 10 Sep 2009 14:34:38 GMT

3 LVNV FUNDING ACCTS ON CR

LVNV $1172; CHEVRON DOLA 8/08>>>>$795 SAMS CLUB DOLA 8/08>>>>ORCHARD/HSBC $654 DOLA 1/09

I am new to this site, and would like all the help and info that you are willing to provide.

In my attempt to clear up my dept how do you think I should start with this company....

Thank you advance.

Re: LVNV Funding.... Help, I need it all....

Anonymous — Thu, 10 Sep 2009 18:26:53 GMT

Are you within SOL? Are these your accounts? If so, I would find a good e-mail contact and mailing address to fire off a PFD to Resurgent Capital. I've heard some members had good success when it comes to PFD.

Re: LVNV Funding.... Help, I need it all....

Newstart122014 — Thu, 10 Sep 2009 19:17:36 GMT

Am I within SOL, if I understand that correctly Im going to say yes. I live in Florida where after reading here I am sure its 7 years. Yes the accounts belong to me which I don't deny, I just can not pay off right now. I do have the mailing address for them, now as for Resurgent Capital is this another name they go by, and for a start off how exactly should I go about the PFD. That does mean "pay for delete" correct? I mean should I start with 25% of the balance, or what.

Excuse me for being so clueless....

Re: LVNV Funding.... Help, I need it all....

Anonymous — Thu, 10 Sep 2009 22:19:08 GMT

Yes, Resurgent Capital is the company who purchased your accounts, LVNV is just a DBA name. I know that Resurgent will usually settle for no less than 50% for big balance accounts and no less than 60-70% on small balance accounts. But, it never hurts to low ball.

You should be getting calls or letters from a CA thats representing Resurgent, however I would deal with Resurgent directly since they are the ones that report and own your account. If you are getting calls from a CA, then I would submit a cease and decist.

Yes, PFD is a pay for delete! Please remember, have the PFD in writing and stay off the phones. Also, I've heard members paid off the account but never did a PFD to start out with. But what they did was submit a GW letter, and R-Cap deleted. Hope that helps and good luck!

Re: LVNV Funding.... Help, I need it all....

Anonymous — Thu, 10 Sep 2009 22:38:11 GMT

SOL in FL is

Oral Contract: 4 years

Written Contract: 5 years

Promissary Note 5 years

Open Ended accounts: 4 years

Re: LVNV Funding.... Help, I need it all....

Newstart122014 — Fri, 11 Sep 2009 01:08:20 GMT

Thank you so much guys...

I will let you know what happens.