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Making progress on my debts! Help on removing LVNV collection from credit report

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Community Leader
Super Contributor

Making progress on my debts! Help on removing LVNV collection from credit report

Good evening MyFICOers!

 

I have manged to settle 3 accounts, with the next one being LVNV (not settle, PIF). I would love to remove them from my credit report though to improve my credit. I've tried looking around, and can't find any topics about having them removed after PIF. Does anyone have any contact info? Any success stories having them delete their tradeline after being paid in full? Any and all help is appreciated.


Thank you!

Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 626
EQ 587
TU 627
Message 1 of 15
14 REPLIES 14
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Moderator

Re: Making progress on my debts! Help on removing LVNV collection from credit report

Not really @OmarGB9 

 

Every so often there is a story about removal, but those are pretty rare. Do they own the debt now or are they just collecting on the behalf of OC?

 

If they own the debt, it's going to be very hard. If this is a collection account that can still be recalled by OC, you might have better luck with that scenario. 

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Message 2 of 15
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Community Leader
Super Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report

I'm not 100% sure, but I think they own it...as the OC (Cap One) doesn't even show up on my reports...they've also employed a law firm to sue me and collect. I've already made payment arrangements, but now I kind of wish I had tried to set up a PFD prior to agreeing to a payment plan. Though I don't know if that would've worked anyway since they were already suing me.

Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 626
EQ 587
TU 627
Message 3 of 15
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Moderator

Re: Making progress on my debts! Help on removing LVNV collection from credit report

I dont think PFD would work with them. Best you can do is make payment arrangements with the law firm and pay voluntarily because if they were to proceed with legal action, the other methods of collecting are by far worse, such as wage garnishments and bank account levy 

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Message 4 of 15
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Community Leader
Super Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report

Well I just read another topic where someone didn't even inquire about PFD, and a few weeks after paying LVNV came off on their own. I guess I can remain optimistic and hope the same happens for me?

Otherwise, do you (or anyone else) have GW letter templates I can use to try and make nice and ask for removal after the fact? Like I said, I already made payment arrangements, and I should be finished paying by the end of this month.
Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 626
EQ 587
TU 627
Message 5 of 15
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Senior Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report

LVNV are debt buyers, so Capital One sold the debt to them. They might be one of several large companies that will delete the tradeline once the account is paid or settled and the DOFD is over two years.

 

Also, what was the DOFD on your Capital One account that was sold to LVNV?

 

 

American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (8.12.20) EX: 835 / EQ: 846 / TU: 834
Message 6 of 15
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Community Leader
Super Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report

July 2018 is the DOFD.
Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 626
EQ 587
TU 627
Message 7 of 15
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Senior Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report


@OmarGB9 wrote:
July 2018 is the DOFD.

Call them for a goodwill.

American Express: Platinum Charge, Optima, Business Gold, Delta Business Platinum
Barclays: Arrival+ WEMC
Capital One: Savor WEMC, Venture VS
Chase: Freedom U VS, CSR VI
Citibank: AAdvantage Platinum WEMC
Elan/US Bank: Fidelity VS
Credit Union: Rewards Visa
FICO 08: (8.12.20) EX: 835 / EQ: 846 / TU: 834
Message 8 of 15
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Super Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report


@sjt wrote:

LVNV are debt buyers, so Capital One sold the debt to them. They might be one of several large companies that will delete the tradeline once the account is paid or settled and the DOFD is over two years.

 

Also, what was the DOFD on your Capital One account that was sold to LVNV?

 

 


LVNV is not one of those companies. Portfolio and Midland are the top 2. LVNV is brutal and you'd have a better chance at being hit by lightning holding a golf club in a thunderstorm than getting a PFD from them. 

Message 9 of 15
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Community Leader
Super Contributor

Re: Making progress on my debts! Help on removing LVNV collection from credit report

So I've heard. But I did read one instance where they automatically deleted their TL upon PIF without the person asking. And another instance where GW letters eventually worked. So perhaps there's a little hope?
Currently rebuilding as of 04/11/2019.

Starting Scores:
EX 518
EQ 518
TU 521

Current FICO scores:
EX 626
EQ 587
TU 627
Message 10 of 15
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