LVNV Funding keeps raising amount by $2.00

[shanes76]

I have a TL on my report for LvNV Funding, each month it raises 2.00, how can they do that? Its listed as a personal loan. I read whychat's SOL page and in Ohio the SOL is 4 years, this is way over 4 years old, I cannot get rid of these guys for nothing.

[nekom]

Probably interest, which depending on circumstances they may be well within their rights to charge. What's the amount (ballpark it, don't have to say exact)?

 

Keep in mind that the SOL for credit reporting is 7 years, even if they can't seek a legal remedy. Also keep in mind that Ohio's SOL is the subject of quite a bit of debate. Tread lightly.

[sennico]

A lot of people including myself have had luck disputing LVNV through the BBB...

[nekom]

A lot of people including myself have had luck disputing LVNV through the BBB...

 

Also the South Carolina (their state) Attorney General. But you have to have a legitimate beef, and a paper trail.

[shanes76]

the amounts are 618.00 and 635.00 and one of the accounts is from a discover card from when I was 18, thats 18 years ago

Edited February 25, 2012 by shanes76

[ICANHASMUNY?]

the amounts are 618.00 and 635.00 and one of the accounts is from a discover card from when I was 18, thats 18 years ago

 

 

 

 

that may be reaging an SOL debt. - a violation of the FDCPA and the FCRA. when did you default on the card?

 

it's certainly past the FCRA reporting period - which is 7 years.

 

http://creditboards....howtopic=467824

 

you dispsuted this thru the CRA's and was it verified?

 

if you didn't , you need to do that

 

and/ or redispute it as obsolete.

 

send an ITS letter. to LVNV at the address listed on your reports.

 

 

 

 

15 year SOL in Ohio on written contracts.

 

6 years if nothing in writing.

 

(why chat was supposed to fix that error.)

 

http://creditboards....howtopic=436066

[Iamdanieltuck]

I didn't have a paper trail with LVNV but they reported some inaccuracies that they verified month after month. I contact the SC State AG and they deleted from all three bureaus in approximately 4 days. Keep in mind I was also submitting Jack attacks at that time and my debt was setteled a couple months ago so the balance was 0. DO NOT GIVE UP with LVNV, they will fold!!!

[Guest fsugirl]

Is a personal loan a written contract?

[ICANHASMUNY?]

Is a personal loan a written contract?

 

 

 

Depends on you state laws -

 

but in general,

 

personal loan from whom?

 

if it's and unsecured signature loan from a bank for your personal use, then;

 

yes - Loans for a set sum of money are usually in writing, and since the whole agreement is within the 4 corners of the document ( the loan agreement ) and you sign these

 

they are usually considered written contracts. - contracts in writing

 

a personal loan from family - did you sign a note ( an IOU) stating that you would pay them back by such anad such a date? - then it's a promissory note, also considered a written contract in most states.

 

if you didn't sign a note, then it's usually considered an Oral contract / implied contract.

 

 

 

PS - I've answered an offtopic question. - don't hijack this thread with questions that don't pertain to this thread - if you have further questions, start your own thread. )