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Debt Validation (LVNV Funding LLC)

Mar 212011

Anyone deal with this company? It’s been over 30 days since I sent them a DV Letter. I have not heard back yet and I saw they added another 15 bucks to my alleged past due collection account. The original creditor listed on credit report is not even a creditor I have had in the past. could be a previous collectioin but they have never mailed or called me to let me know

. What do I do now? Write the CRA or send a follow up to the CA or both? In my DV letter I requested they hault all collection activities until they validate debt with me.

I know some people have the opinion that the FTC considers adding to credit report before validating as illegal. Is this true?

Thanks.

March 21, 2011
Posted by jedwan at 6:49 pm
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Rebuilding Credit
alleged, alleged-past, credit-report, days-since, due-collection, opinion, past, the-opinion, true, validate-debt, write-the-cra

Credit Report Review Questions

Mar 132011

I just spent over 2 hours- putting our credit reports into a spreadsheet so I can easily compare and contrast them. Â I have a few questions:

1. Â I have many medical bills in collections on my account- and almost all of them have a “duplicate”. Â Meaning that they show up on all 3 reports.. and then the next entry below is the same exact amount and dates and agencies. Â It’s like exact duplicates. Â Why are those all appearing on there twice?

2. Â On my husbands credit report- he has a bunch of accounts that appear on Experian and Equifax only, and one of them reports the account as CLOSED, while the other reports the accounts as OPEN. Â The accounts show they were placed within the past 3 years. Â

3. Â He also has numerous ones that show “date Opened” as 2008- Â adn show a past due balance… but then they say Account Status “CLOSED”. Â ??

4. Â I have two collections I found on one of my reports- one is for $4 and the other is for $11. Â These are both with collection agencies and I know for a fact the original debts were not for $4 and not for $11. Â Do I try and dispute these or just pay the past due amounts (which they say are $39 and $46 respectively)?

5. Â I have two student loans that are in deferrment (because I am still in school). Â It shows they are being “payed as agreed”… Â but will these bring down my credit score at all? Â

6. Â I’m trying to grasp this- I have 2 pages of my spreadsheet worth of old accounts in collections (mostly medical)- yet my husband doesn’t even have a page- but does have two student loans that he has been late on a few times in the past- Â would those bring his credit score down so much lower than mine?

March 13, 2011
Posted by admin at 4:59 am
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Rebuilding Credit
account, account-status, credit, Credit Score, husbands-credit, mostly-medical, past, payed-as-agreed, spreadsheet, Student Loans

Getting calls and letters but not on my CR

Mar 122011

Lately I’ve been getting calls and letters from Portfolio Recovery stating that I owe a debt of $346.59. Admittedly I did have some credit problems in the past but I have no idea what this is for. Thing is, I’ve checked my credit report and this is not on there at all so it makes me wonder if they just bought an old debt and are now trying to collect even though it’s past the SOL. They have offered to settle for 50% or let me make payments but I haven’t responded to any of those. So since this isn’t showing up, should I just ignore them? If I send a DV letter will that open myself up for more problems?

March 12, 2011
Posted by jedwan at 4:07 pm
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Rebuilding Credit
been-getting, collect-even, credit, credit-report, make-payments, now-trying, past, past-the-sol, some-credit

Foreclosure Sale date notice received

Feb 262011

So being that it is Saturday and I can’t call the mortgage company, I’m turning to this forum for a little help. Due to unemployment I have been out of work for the past 4 months. I am now behind on my mortgage by 6 months. I currently owe $9000 My mortgage is with US bank. I have tried working with the loss mitigation team. I sent everything they asked for and then received a denial letter saying I had not submitted everything. on the letter it said I had 10 days to submit the documents so the file could be reopened. I immediately faxed everything again. I even received the fax confirmation. This was about 3 weeks ago. I have been waiting since then to see if a decision had been made. I offered in my hardship letter to pay $3000 as a partial payment and then find some way to workout the rest of the past due amount.

Now today I received a letter in the mail (not certified, just regular) stating that this law firm was trying to collect a debt on the mortgage. On the letter it has 4/28/11 as the sale date of the property. It then has some information on how to request to stay in the FHA on a rental basis or something.

My question is can I still work with the lender once I receive this notice? Will they make me pay the past due amount. When writing to them I thought making the 30% partial payment was better than nothing. I was hoping they would work with me. Should I contact a HUD counselor to see if they have more pull than just me doing it myself. I just went back to work 2 weeks ago and really want to keep my home. I am unable to borrow any money from anyone or any bank so that is not an option. I need to find a way for the bank to work with just my partial payment. Any advise would be much appreciated. You can bet that I will be on the phone with US bank loss mitigation team everyday until 4/28 if we can not come to an agreement

Should I try and contact the law firm to see if they will accept the partial payment? or should I only work with US bank!!

Any help would be much appreciated. THANK YOU!!

February 26, 2011
Posted by jedwan at 6:13 pm
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Rebuilding Credit
doing-it-myself, hardship-letter, letter, letter-it-said, mitigation-team, mortgage, partial, partial-payment, past, phone, sent-everything

When things drop off what can I expect

Feb 242011

My current score is 590. Â Most of the items on my report in the past few years is positive. Â I do however have 4 delinquencies. Â These 4 BAD things total around $4700 and will be off my report around July. Â The only current OPEN items of credit are student loans and all 10 are showing positive – I owe around $24,000. Â I also have two paid off car loans also showing positive in the past few years. Â I did slip on a low balance credit card for a couple months mid last year but I got it straightened out, unfortunately I closed the account and it was my only credit card.

Provided I keep paying my student loans on time and these 4 baddies drop off as they should what can I expect to happen to my score? Â Will I see big change like +50-75 pts or a small bump of +10-20 pts or something else altogether?

Thanks,

RRinTN

negative things drop off credit

February 24, 2011
Posted by jedwan at 6:48 am
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Rebuilding Credit
account, current-score, only-credit, paid-off-car, past, report, something-else, student, things-total

Paying off a Collection Account

Feb 072011

I have small collection acocunt ($39 left on balance) that I’ve been making payments on to the CA for the past year.Â The original balance was $1,100.00 with a local hospital near me.Â The CA is reporting this on my CR.

I have the final $39 and I am about to mail this out.Â I need some advice.Â Should I mail the payment to the CA and ask for deletion or should I call up the hospital (OC) and offer to pay and ask for deletion.Â

How would you guys handle this?Â Thanks.

February 7, 2011
Posted by jedwan at 4:00 pm
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Rebuilding Credit
been-making, final, guys-handle, Hospital, left-on-balance, local-hospital, need-some, past, payment, the-hospital

Is it worth sending a PFD letter?

Feb 062011

Hello everyone. I’m new to this forum and by reading some of the posts, there seems to be some good advice and things I never knew you could do concerning your credit report and score. I’m trying to be apart of the 700 club as well.Â Two months ago my score from equifax was 663, when I checked it today through TU it is 640. I have done nothing within the past two months that would affect my score. So I am upset, but I have a few accounts that I settled with and was wondering if I should/can send a PFD letter to get the negative accounts removed. Is it worth sending a PFD letter to accounts already settled? Â

February 6, 2011
Posted by jedwan at 4:57 am
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club-as-well, credit, credit-report, few-accounts, forum, months-ago, nothing-within, past, posts, reading-some, score, today-through, two-months, worth-sending

will PIF or PFD improve my score

Jan 242011

I am new to this site and could use some advice.Â I have aÂ creditline account with a $10,000 balance that is currently showing 30 and 60 day late payments since July of 2010 and my credit score took a nosedive.Â I have been trying to work out a payment schedule for the past year to bring this account current, and they are finally reviewing it to see if they will move the past-due amount to the back end of the loan and bring the accountÂ current, but they will not budge on removing the late payments thatÂ have beenÂ reported.Â I made a double payment in August of 2010 and have been making monthly payments since October 2010, but have not been able to bring it to current.Â

I have received a small inheretance that will enable me to pay this in full.Â My dilema is that I have a daughter starting college this fall and will either need this money to help pay for college, or pay off this loan and bring my credit score high enough to qualify forÂ a student loan. Â My current score is 539.Â If I offer to PIF and ask the OC to delete this account from my credit, will it increase my score enough to make a difference?Â Or, if they bring my account to currentÂ should I just continue to make the payments and live with the 6 months of late payments on my credit report?

January 24, 2011
Posted by admin at 8:18 pm
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account, account-current, credit, credit-report, current-score, double-payment, late-payments, move-the-past, past, payments, payments-since

automatic payments reported as late…help

Jan 222011

I need some advice to possibly salvage my credit.Â I am a subcontractor and was hired by a contractor to do a job, only for the contractor to file BK.Â Not only did I not receive payment for a month’s work, I was also left with $12,000 in material bills and payroll costs for this job which I am trying to repay.Â I was late on a Home Depot credit card and a US Bank creditline in July and August of 2010.Â In September I contacted Home Depot andÂ set up reduced automatic payments for 6 months and they would waive the late fees.Â At the same time I contacted US Bank and was told if I agreed to make 3 consecutiveÂ payments, on time, they would add the past due amount back into my balance and bring my account up to date and also waive the fees.Â I went to the bank to get an ATM card for my teenage daughter to access her savings account and was denied because of my credit score. I couldn’t believe it so I came home and immediately went online to get a copy of my credit report. To my horror, The Home Depot and US BankÂ reported on 30-days late onÂ my accounts, EVERY MONTH, since September of 2010.Â It dropped my credit score from almost 700 to 539. I did not even realize IÂ had a past due amount of $90 on my home depot account and assumed when I made the payment arrangement they would deduct enough from my checking account to cover what was due.Â I immediately went online and paid the past due amount, but when I contacted themÂ to have the lateÂ payment reports removed from my credit, theyÂ said no.Â Also,Â at the end of the 3 months of payments to USÂ Bank they told me I actually had to make 4 paymentsÂ in a row, which I did, and they still haveÂ a past due balance showing on my account and are telling me they can’t help me at all.Â Any and all advice is welcome. Â Â

automatic payments reported as late by home depot

January 22, 2011
Posted by jedwan at 4:57 pm
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Rebuilding Credit
account, balance-showing, contractor, Credit Score, depot, paid-the-past, past, waive-the-late

HSBC Auto finance GW

Jan 182011

After having written a ton load of GWs to HSBC in the past year and getting no luck, i sort of gave up. I am restarting my effort at having this paid off but with lates account GWilled, erased or what ever else. Paid it off in o8 with abunch of lates. Falls off in 2014. Now that HSBC is no longer in the Auto loan business maybe I stand a chance. Wont know till I try. Any thoughts????

hsbc auto finance

January 18, 2011
Posted by admin at 8:24 am
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Rebuilding Credit
auto, effort, having-written, hsbc, know-till, lates-account, loan-business, paid, past, the-past, ton-load

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