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RESURGENT/ LVNV FUNDING

1harmic1
New Contributor

RESURGENT/ LVNV FUNDING

Hi

Last week I settled my old debt with credit one. The original bal $756.  I settled with Resurgent/Lvnv for $425 and paid.  Today I called Resurgent and reached a recording, I entered the last 4 of my SSN and it said my bal is $331.  Why do I have a balance if I settled? 

Message 1 of 4
3 REPLIES 3
Upstatemamaof4
Valued Member

Re: RESURGENT/ LVNV FUNDING

It will update first on your reports and then it will report settled in full or something to that extent, or at least that's what happened with mine. 

Message 2 of 4
Dcgirl1990
New Contributor

Re: RESURGENT/ LVNV FUNDING

Totally normal. They update in steps. First, less the payment (balance showing). Then it will update to settled for less. THEN it should come off. LVNV does PFD. Check back in a month. I had a settlement with LVNV 3 weeks ago and so far it hasn't updated on my credit report at all. They usually tell you 30 days for first update, then 60 to come off. 

Message 3 of 4
OmarGB9
Community Leader
Super Contributor

Re: RESURGENT/ LVNV FUNDING

Pretty much what everyone else said. But also wanted to add, in addition to the 30-60 days for LVNV to fully update, you have to wait for the CRAs to actually process the deletion which could take an additional month.


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