Credit One & LVNV

Discussion in 'Credit Talk' started by SarahEC, Jan 31, 2011.

  1. SarahEC

    SarahEC Member

    OC: Credit One Bank
    Balance: 1097
    Collateral: Sold to another lender
    Pay Status: Charged off as bad debt
    Date Closed: 04/2008

    CA: LVNV Funding
    Calance: 1601
    Collateral: 12 Marin
    Pay Status: Collection Account

    Credit One sold the account to LVNV. But, they are both showing a balance. Is this when I should contact Credit One and see if they can pull it back from LVNV? Would I do that with a letter or phone call?
     
  2. Jsted

    Jsted Active Member

    Just so you know...I am pretty sure that Credit One Bank and LVNV Funding share common ownership of some sort. They definately work hand in hand and I have read things that said they are the same company. All I know is that when I payed off my LVNV Funding debt, I got a pre-approved credit card offer from Credit One Bank on the same day as I got my Letter from LVNV Funding stating paid in full. Normally that wouldnt seem all that strange but I havent gotten credit card offers in about 5 years.

    I am only telling you this because I have heard that both companies are very hard to negotiate with...this information MAY come in handy if you are going to try to get Credit One Bank to pull your account back from LVNV Funding.
     
  3. FDCPA-Ryan

    FDCPA-Ryan New Member

    LVNV is very hard to work with they violate the FDCPA almost on every call.
     
  4. JMason

    JMason Well-Known Member

    When did LVNV get the account? Also, is the original creditor and LVNV funding both showing balances?
     

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