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For a few years now I have been in credit card debt with Gap. I had gone through a period paying some of it off to the creditor, Synchrony Bank, then for other reasons became broke and started to neglect my finances. After several months of radio silence with the store and the creditor, I received this email by a third party, TrueAccord, claiming the creditor, LVNV Funding LLC, now has my account and may take legal action. These agencies look legitimate through my own background check but I'm still suspicious they didn't contact me by mail and I also want to be sure they have the correct information on my case.
Fortunately, I am now in a position where I can make payments again and would like for this to be a one-time settlement to whom ever holds my account.
Can anyone vouch for Trueaccord and LVNV Funding LLC and for those that have been in a similar situation how should I proceed?
Any advice will be helpful.
Credit Cards Start Cutting Limits for People Facing Tough Times
Barclays MC was tossing me beautiful BT offers. Example: 12 months, O% int, 2% fee., etc. I could direct deposit to my bank account. Everything huggy face kissy poo. Second highest limit (even now.) One BT for $5000 PIF. Six months later BT $8000 PIF.
Did downgrade from $89 card to free one a year ago.
For the last six months current offer: 23% int, 3% fee, no direct deposit, creditor payment only. My data points steady Freddy. Mid-High 700’s. Well under 8.9% overall, all usual advice followed, not credit seeking, only one reporting balance, etc. etc.
I realize their is no direct answers, endless data points, yet any random thoughts? Curious.
Hello Everyone: First I would like to thank everyone here for all of your assistance. The information in the post here is really appropriated. Today I applied for a credit card account with Chartway Federal Credit Union. The application was approved for $1000.00. I was shocked! But happy. I currently only have students on my report. Chartway only pulled Equifax! My score was 634. I had 14 inquiries. 1 late reporting. No collections, and no public records. I was also approved for an Auto loan! The offer was a max loan of 15000. They would only finance 90% of the vehicles value. That means that I have to put down a down payment. Either way it's good information and a start on the right direction. I'm grateful.