HFN Associates LVNV Funding LLC, DID I GET SCAMMED?? PLEASE HELP, Internet

A 10 year old account in any state is well beyond the statute of limitations for any collection agency to pursue legal recourse

Wrong!  The SOL for consumer debt in the U.S. is between 3 and 15 years, depending on the State.

This was most likely zombie debt. I don't know if you paid the settlement in full or if you accepted an offer from the company for less than the full amount. As pointed out earlier, the debt was beyond the statute of limitations (SOL) for almost every state,except possibly one. Check your state's SOL so you know for the future. AND check the terms and conditions for the debt you just paid, because sometimes the T&C's allow the collectors to use another state's SOL.

By paying this debt, you have opened yourself up to possible further liability because you have reset the SOL for this debt. For example, if the collector said they will take 40% to settle the debt, and you paid the 40% - the junk debt buyer (JDB) can sell the other 60% to any other JDB for further collection from you. It is a favorite of the JDB's to offer an attractive "settlement" to restart the SOL and then sell the debt to someone to continue to dun you for the rest of the debt owed.

Keep your paperwork. If this JDB or another collector comes after you, then you have proof you paid it. Keep your copy of the letter and the proof of payment. Next time, don't be so quick to pay old, out of statute debt.

LVNV is one of the worst third party scum bag debt collectors - They buy old out of statute of limitation debts for pennies on the dollar and try to reage them - They got you therefore this will appear on your credit report

Visit www.budhibbs.com for more information

Sorry your money is gone

You did not leave enough specifics in the report to conclude this with 100% accuracy..but it seems you were scammed.

A 10 year old account in any state is well beyond the statute of limitations for any collection agency to pursue legal recourse..unless you were connived into paying anything and or committed to pay anything. That in effect can turn the "clock" back to zero.

I know this won't help you now..but it may help others who read this report to avoid this...here is how it should work..

1) reluctance and suspicion
2) investigate
3) pay if required, do not pay if not required

Here is what you did...

1) reluctantly paid regardless if required to or not
2) got suspicious
3) investigated

That is why you may have been ripped off. You rearranged the steps to work against you...

If you paid by check or money order you can put a stop payment on it if its not too late. I would call the bank ASAP on doing a stop payment .