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Divorced In Seattle

Credit One sold to LVNV

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I had been making great progress in my credit journey and had a pretty good credit score. Back in 2013, I opened a CreditOne account (which I didn't need, and shouldn't have done...but they offered and I accepted). And then I lost my job. My replacement job paid more than 30% less than I had been making for the last many years, and the CreditOne card ended up being charged off. I have made a lot of financial adjustments, and am in a MUCH improved situation now. But I still have the CreditOne charge-off and the account has been sold to LVNV. The CreditOne limit was $950, but I don't really know what my true high balance was. The LVNV claim is $1317. I am able to pay the full amount. I really want to just settle this one out and get the best possible result for my credit report. I have pretty decent credit other than this. I have an auto loan with Chase, credit cards from Citi, AmEx, and Cap One. So making the CreditOne debacle go away is my big issue. Any suggestions would be greatly appreciated. 

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Credit One and LVNV are owned by the same outfit. If you want to pay them, that's up to you. If you want to fight, file for arbitration BEFORE they sue you in small claims; the agreement prohibits it once they sue.

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