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In response to "Ok, we have all received the BBB deleted email. The question remains where will lvnv sell this debt to next?? That's my question."
They can't sell the debt to anyone, they're just admitted that debt is not valid. If they do, just present this letter to the new DC and they won't have a leg to stand on.
@mrbark wrote:In response to "Ok, we have all received the BBB deleted email. The question remains where will lvnv sell this debt to next?? That's my question."
They can't sell the debt to anyone, they're just admitted that debt is not valid. If they do, just present this letter to the new DC and they won't have a leg to stand on.
My letter never said it wasn't valid. They usually just say the have returned the account to the OC, or, in many cases, they just indicate they will no longer be pursuing collection on this account. Did they ever admit if was a fraud account?!?!
They will resell it.
I am already dealing with the second wave collector on the same debt I had deleted before, this time, another Sherman entitity dunning...
-scott
Got Resurgent/Lvnv to remove from tradeline. BBB,FTC,AG plus constant letters to Resuregent was my attack .They will remove if they see that you have basic knowledge on the law and wont back down from there couple of letters they send you claiming the debt is valid. my score shot up 130 points
Hi congratulations! I'm new to fico forums and have been reading the advise given on many LVNV success threads. I followed their advise and filed a complaint with the BBB in SC. I wrote that I'm not asking for them to prove they own the debt, I want to find out if the debt is mine. I received a response today stating they own the account and the account was previously sold by Capital One. They claim to have confirmed with Firstsource Advantage that they mailed an initial notice on March 4, 2008, which is not true. They go on to say that a negative notice was mailed on May 5, 2008 which is not true. Lastly, they also included Capital One statements in pdf format with their BBB response. I don't know how to proceed from this point. Any help/guidance would be greatly appreciated.
This letter is in response to your correspondence dated February 25, 2013 regarding the above referenced account. LVNV Funding LLC (“LVNV”) currently owns the account number ending in [redacted]. Resurgent Capital Services L.P. (“Resurgent”) is the servicer of the account owned by LVNV. The account was previously sold by Capital One Bank (USA), N.A. (“Capital One”) on or about February 28, 2008. As of the date of this communication, the account balance is $1,596.21. Please review the following account information:
Resurgent utilizes third party collection agencies to collect on its behalf. This account was placed with Firstsource Advantage on March 4, 2008 for collections. We have confirmed with their office that an initial notice was mailed to Ms. [redacted] on March 6, 2008. A negative reporting notice was mailed to Ms. [redacted] on May 5, 2008.
In accordance with the Fair Credit Reporting Act, a request to update the LVNV tradeline as disputed will be submitted to the three major consumer reporting agencies during the next reporting cycle.
If, after review of the above referenced information and enclosed documentation Ms. [redacted] believes this account is fraudulent, we would ask for a completed police/incident report regarding the fraud, or a notarized fraud or identity theft affidavit in order to help us resolve this matter. Blank forms are available at the FTC’s website: http://www.consumer.ftc.gov/articles/pdf-0094-identity-theft-affidavit.pdf. If this account was paid or settled in full, the settlement offer, cancelled check(s), and/or confirmation of payment in full would help us resolve this complaint. In addition, if Ms. [redacted] has any correspondence to/from Capital One concerning her dispute, it may help with our investigation, so please have her forward it to:
Compliance Department or Fax: 866-467-0918
MS 250
P.O. Box 10497
Greenville, SC 29603
If you have any further questions, comments or concerns, please contact Customer Service at 888-665-0374.
Sincerely,
P. Holladay
Compliance Department
Resurgent Capital Services L.P.
Enclosures
Thanks Hdrider07! I went directly to the BBB like you mentioned and had the LVNV account removed from all 3 credit bureau agencies!!
Your advice really helped and I appreciate you for that!