I've done my due diligence regarding looking into LVNV Funding and trying to get it remove or whether to set up a payment arrangement.
A little snapshot of what my credit looks like and what I'm trying to accomplish. I have a 517 right now through TransUnion. Obviously I'm looking to get into the high 600s and eventually higher. There are only two things on my credit report my student loans which were just off set for my federal return, I owe about $2100 left on those. The other thing being LVNV Funding. HSBC's old credit card I had. It shows 11/2008 as when it was picked up by them, and 9/2014 as a fall off date. They are still reporting up to date as of 01/2013. I'm wondering if I just let this go and fall off on it's own, contact them to set up payment arrangements, ask for validation. I have moved in the last year and remember letters from them, but like an idiot got annoyed with the letters and stopped reading them.
Any advice here would be helpful, thank you in advance.
Mon Feb 11, 2013 6:23 pm
I have a collection through LVNV funding and they will come after you, I had a summons to appear in court but was able to make payment arrangments with them. Try to see if they will settle for a less amount ASAP
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.