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.
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.
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.
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
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?