Need help with LVNV Funding and debt settlement?

Ok, a long time ago my husband and I both lost our jobs and we lived off credit cards for 3 months. It took us months to find new jobs and a couple of years to actually be back on our feet. Six months ago I started going over my credit report and slowly paying off old creditors. Most have "settled" Now here's the problem: The last two debts, I've never had any collection letters from offering to settle. I don't know if they never found my current address like the others did or what. They are with Enhanced Recovery Company LLC and LVNV Funding LLC. I started looking for the companies and found that they have really been screwing people over. Taking them to court for amounts higher than the original debt, harassing them, etc. The "statute of limitations" has run out, so they can't sue me, but it's still on my credit report and I'd honestly like to try to settle. If I call them to talk to them though, it resets the clock on the statute and they can sue me. Now I'm scared to call. It will be another 3-5 years before it drops from my credit if it ever does. Advice please? I found this letter. Are these acceptable alternatives?

Asked By: Bttrflykiss - 2/27/2012
Best Answer - Chosen by Asker
Do not waste your time with form letters you find on various "credit expert" sites. Most are just full of bad info and will do more harm than good. Collection agencies tend to ignore them... More
Answered By: bdancer222 - 2/27/2012
Additional Answers (2)
If the SOL has expired, you'd be better off doing nothing and letting this debt fall off naturally. Debts come off by themselves in 7 years, from the original date of default... More
Answered By: CatDad - 2/27/2012
I agree with Cat Dad. If these companies are not reporting to the credit bureaus, definately don't contact them... More
Answered By: BungalowMo - 2/27/2012
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Work At Home Jobs Make $87/HR, Jobs Seen On TV. Jobs Hiring Now
New job opportunities added daily. Search Virginia jobs now!
Legitimate Surveys for Cash.Extra Money for You,Join Here!

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-215