I have recently took a closer look at my equifax report and noticed that I have a collection account with BofA, but it was sold to LVNV. I looked and noticed that the DOLA and the date of last payment is different between the both of them. BofA has both entries correct, but LVNV is totally wrong. It looks as though LVNV has reaged some things. What is the best way to dispute and attempt to correct this? Should I submit to them a DV. Oh and why do they have the account listed as a Factoring Company Account? Is this bad? Please help! I was trying to wait this out, but 2010 is a long.
Thanks!
Bank of America?xml:namespace prefix = o ns = "urn:schemas-microsoft-com
fficeffice" />
fficeffice" />4060 Ogletown Stanton Rd
Newark, DE-197133102
(800) 421-2110
Account Number:
XXXX
Current Status:
CHARGE-OFF
Account Owner:
Individual Account.
High Credit:
$0
Type of Account ?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" />:
Revolving
Credit Limit:
$10,200
Term Duration:
Terms Frequency:
Monthly (due every month)
Date Opened:
2002/06
Balance:
$0
Date Reported:
07/2006
Amount Past Due:
$0
Date of Last Payment:
10/2003
Actual Payment Amount:
$0
Scheduled Payment Amount:
$0
Date of Last Activity:
N/A
Date Major Delinquency First Reported:
04/2004
Months Reviewed:
26
Creditor Classification:
Activity Description:
Transfer/Sold
Charge Off Amount:
$10,133
Deferred Payment Start Date:
Balloon Payment Amount:
$0
Balloon Payment Date:
Date Closed:
Type of Loan:
Credit Card
Date of First Delinquency:
10/2003
Comments:
Charged off account
LVNV FUNDING LLC
PO Box 10584
Greenville, SC-296030584
(866) 464-1183
Account Number:
XXXX
Current Status:
COLLECTION ACCOUNT
Account Owner:
Individual Account.
High Credit:
$11,703
Type of Account :
Open
Credit Limit:
$0
Term Duration:
Terms Frequency:
Date Opened:
Balance:
$12,928
Date Reported:
06/2008
Amount Past Due:
$12,928
Date of Last Payment:
06/2005
Actual Payment Amount:
$0
Scheduled Payment Amount:
$0
Date of Last Activity:
N/A
Date Major Delinquency First Reported:
Months Reviewed:
14
Creditor Classification:
Financial
Activity Description:
N/A
Charge Off Amount:
$0
Deferred Payment Start Date:
Balloon Payment Amount:
$0
Balloon Payment Date:
Date Closed:
Type of Loan:
Factoring Company Account (debt purchaser)
Date of First Delinquency:
04/2003
Comments:
Collection account
guiness56 wrote:I see no re-aging. Both accounts are showing DOFD of 2003. The OC and one CA can both be on your CR. If the OC sold the account to the CA, they must show a 0 balance and they are.It is a little difficult to keep up with your post due to its length.
Message Edited by guiness56 on 07-04-2008 09:04 PM
Message Edited by guiness56 on 07-04-2008 09:06 PM
Thanks!
I realize that both accounts can be on my CR if one sold the account to another and showing a zero balance. I also realize that they are both reporting the DOFD of 2003 (even though there is a six month difference between that date). What I am questioning is the fact that LVNV is showing date of last payment of 6/2005 and BofA is indicating that it is 10/2003. Does the date of last payment even matter? I DID NOT make a payment in 2005. My last payment was at the end of 2003. Should one primarily focus on DOFD? The DOFD is what one looks at to determine SOL...right? I am in GA and SOL is 4 yrs. I apologize for all of the questions but I am extremely new at this and looking for a little guidance.
Thanks!
