Deputy Dawg

TATE & KIRLIN: Pay for delete offer

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Greeting all!


Opinions requested...
I have received what appears to be an unsolicited payment settlement offer from a collector named Tate and Kirlin. They claim to be collecting for LVNV Funding on an old Credit One account that I did default on 3 years ago. They are offering to settle for 20% of the total claimed due and state that if I pay, LVNV will delete the trade line.. For $152.41 I am temped to take the offer. Even though NC statute of limitations has run, removing this trade line would be welcome since I am planning a home purchase in 12 to 18 months.

Here is my question: Does anyone here have any experience with this kind of offer? Does it sound legit? Would accepting this offer reset the clock? Has anyone here had one of these offers that was the real deal?

Opine one and all, please!

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4 minutes ago, Deputy Dawg said:
 

Greeting all!


Opinions requested...
I have received what appears to be an unsolicited payment settlement offer from a collector named Tate and Kirlin. They claim to be collecting for LVNV Funding on an old Credit One account that I did default on 3 years ago. They are offering to settle for 20% of the total claimed due and state that if I pay, LVNV will delete the trade line.. For $152.41 I am temped to take the offer. Even though NC statute of limitations has run, removing this trade line would be welcome since I am planning a home purchase in 12 to 18 months.

Here is my question: Does anyone here have any experience with this kind of offer? Does it sound legit? Would accepting this offer reset the clock? Has anyone here had one of these offers that was the real deal?

Opine one and all, please!

Could you please quote the letter?  The statements in letter can make a difference.  

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11 minutes ago, BV80 said:

Could you please quote the letter?  The statements in letter can make a difference.  

HEADER ( Account number, Current account owner, reference number, total due)

Our Client has authorized us to accept 20% of your balance or $152.41 to satisfy the account, (Saving you $609.62). If you satisfy this account, LVNV FUNDING, INC. will remove it entirely from your credit bureau report!

LETTER BODY:

Dear "Debt Defaulter"
This offer has been authorized by our client LVNV FUNDING, LLC.

Please respond by 6/5/20 to take advantage of this offer. We are not obligated to renew this offer.

The rest of the letter is just office contact information and the standard communication from a debt collector stuff.

 

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Since it is already SOL, will it fall off your CR before you get a new home?   If so, there is no point in this.  If this would be on your CR for another year or two, it is worth it. 
 

Sometimes the credit reports say when an item is due to fall off. 

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2 hours ago, Deputy Dawg said:

HEADER ( Account number, Current account owner, reference number, total due)

Our Client has authorized us to accept 20% of your balance or $152.41 to satisfy the account, (Saving you $609.62). If you satisfy this account, LVNV FUNDING, INC. will remove it entirely from your credit bureau report!

LETTER BODY:

Dear "Debt Defaulter"
This offer has been authorized by our client LVNV FUNDING, LLC.

Please respond by 6/5/20 to take advantage of this offer. We are not obligated to renew this offer.

The rest of the letter is just office contact information and the standard communication from a debt collector stuff.

 

It says the that paying the requested amount will “satisfy” the debt.  Neither the NC SOL or the 7-year credit reporting period would be reset.   

What is the date of first delinquency?   If it is the same as the default 3 years ago, it has another 4 years to remain on your CR.   Considering the fact that you will attempt to purchase a home within that period, you might want to take advantage of the offer. 

Be sure to save that letter!   

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