My report is showing the following CLOSED COLLECTION ACCOUNT for an account with an original DOLA of 5/2008. Has anyone dealt with a collection account reporting CLOSED, with no other assignees reporting...yet? Can I assume they assigned it to Midland or someone who will come after me (although they are SOL) when I try to dispute/validate? FROM REPORT: LVNV FUNDING LLC Potentially Negative Closed Account Name LVNV FUNDING LLC Account # ********************************* Account Type Debt Purchase Balance $799.00 Date Opened 12/1/2008 Account Status Closed Mo. Payment Close Account Details Past Due $799.00 Payment Status Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department High Balance Limit Terms 1 Month Comments
It looks like they assigned the account to a second CA. I have never seen them handle an account themselves. Which actually is stupid legally, because its an automatic violation of both the FDCPA for not providing the required notices, and FCRA for not providing the notices that they are reporting adverse information.
