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Originally Posted by quirkypixie  We have a charge off from Sears, which was sold to LVNV funding. It should have reached the magical 7 years and fallen off our report. However, they show it starting in 2006.......so I have a verification letter all ready to go. I am sending it certified and all that good stuff. |
Well....2006 could mean date opened, date of status or date last reported. Those dates don't have anything to do with the reporting SOL which starts from the DOFD(date of first delinquency) from the OC. Do you know what that date is?? Was Sears ever reported on your credit report?
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Originally Posted by quirkypixie Reading other places online, I hear they are one of the worst companies to deal with....any recommendations? I am very worried that they will try to sue (even though California's SOL is 4 years, and we are way past that) |
Recommendations as far as what? Have you ever been contacted by LVNV? If so how did you respond??
From what you stated in your post the California SOL for collections is four years and you are passed it. That means if they tried to sue you, you'd show up in court(very important) and tell the judge the SOL had expired(affirmative defense).
Your best bet is to read up on your State laws(I believe it's called Rosenthal laws). It's always a good idea to be prepared instead of worrying about whether or not you'll be sued because if they want to sue they will.