Who is LVNV Funding LLC?
LVNV Funding LLC is a third-party debt collection agency with its primary offices in Las Vegas, Nevada. LVNV Funding outsources the management of its portfolio of accounts to a company called Resurgent Capital Services who is a debt collector located in Greenville, South Carolina.
They may appear on your credit report as any of the following entries:
- lvnv collections
- lvnv funding llc credit one bank
They are debt buyers that operate throughout the United States but particularly in the New York area where there have been multiple complaints based on their collection practices.
You may see LVNV Funding listed on your credit report as a collections account. This can happen if you owe the original creditor money and they’ve hired someone to collect that money.
Removing LVNV Funding Collections from Your Credit Report
LVNV Funding collections can hurt your credit score and remain on your credit report for up to 7 years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to have it removed before 7 years, and you may not even have to pay it.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law is a credit repair company that helps people fix their credit. You may not even have to pay any of the debts on your credit report.
In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, judgments, tax liens, and bankruptcies.
Call Lexington Law now to learn more: (800) 220-0084
How did LVNV Funding LLC end up on my credit reports?
This debt collection agency typically buys unsecured credit card debt from companies such as Chase, Bank of America, Credit One Bank, Best Buy, Citibank, HSBC, Sears, and others.
These debts are purchased at substantially reduced rates, sometimes for pennies on the dollar. In some cases, they even buy time-barred debts, which are those that can no longer be legally collected through court action.
The collection accounts will appear on your credit report after the company has purchased this debt.
It’s important to realize that just because LVNV Funding LLC is on your credit reports, it does not necessarily mean that you owe the debt. Errors in reporting, account numbers, the amount owed and other issues are common.
LVNV Funding/Resurgent Capital Services Contact Information
LVNV Funding LLC
55 Beattie Pl
Greenville, SC 29601
LVNV Funding LLC
PO Box 10497
Greenville, SC 29603
Phone number: (888) 665-0374
Should I contact or pay LVNV Funding?
Nothing good can come from contacting a collection agency. And making payments on the collection account will reset the clock. So not only will it not help your credit, but it could actually make it worse.
The best way to go about handling this is to contact a professional credit repair service. They have deleted millions of negative items from companies like LVNV Funding for millions of clients nationwide.
And they can help you too.
Will LVNV Funding sue me or garnish my wages?
It’s possible that a debt collector will resort to litigation and seek wage garnishment when attempting to collect a debt, but if you work with a law firm like Lexington Law, you have nothing to worry about. They will help you dispute the collection account and possibly get it removed from your credit report. It’s also quite possible that you may never hear from or have to deal with LVNV Funding again.
Call Lexington Law to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.
Some states allow wage garnishment, while others do not. It is important to note that if you are in a state that does not allow wage garnishment, it is illegal for them to threaten to garnish your wages.
It is also illegal for LVNV Funding LLC to make any claims they cannot or will not follow through on – this includes threatening to sue you or to foreclose on your home.
LVNV Funding LLC/Resurgent Capital Services Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with a debt collection agency, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Lexington Law knows that you have rights, and LVNV Funding does too.
Is LVNV Funding harassing you with constant phone calls?
Continued phone calls at all hours of the day are a commonly-used collection “tactic” used by collection agencies. You do not have to endure these phone calls.
The Fair Debt Collection Practices Act (FDCPA) provides you as a consumer with rights that protect you from unwarranted harassment. In particular, debt collectors cannot:
- Call you before 8 in the morning or after 9 at night in your time zone
- Call you repeatedly at your place of work or business if they have been told not to call
- Contact you directly if you are represented by an attorney
- Threaten you or verbally harass you (using swear words, calling you names, etc.)
To eliminate the constant collection calls, you have the option to make a formal, written request to them to cease telephone contact and provide all communications in writing.
Please keep in mind that agreements reached over the telephone are not binding unless you follow up with a signed agreement in writing. Therefore, don’t make any payments or move forward on any arrangements until you have written proof from LVNV Funding that covers the terms of any agreement you’ve reached.
How to Remove LVNV Funding LLC from Your Credit Report
Fortunately, there are several simple ways to protect yourself. If you have collections from LVNV Funding LLC on your credit reports and you need to remove them, follow these 5 steps:
Request full debt validation in writing. LVNV Funding has a history of inaccurate and incomplete records when it comes to their debt collection practices. If they cannot prove that you owe the debt and that they have purchased the debt, they must remove the collection account from your credit reports.
They have 30 days to respond to your request for validation, and if they don’t, they must remove the negative information, regardless of whether or not the information is accurate.
Keep an eye out for disparities. Review your credit reports for any other collection accounts, and keep an eye out for duplicates that could indicate the debt has been bought and sold multiple times.
If you see several accounts from different companies, it’s a red flag and you’ll need to dispute the debt with each collection agency listed on your account.
Double-check any response you receive. Do the account numbers match up to your records and what LVNV Funding says you owe? Do the dates on the accounts match up? Are there other discrepancies? No error is too small to dispute.
Put your dispute in writing. If LVNV Funding is still insisting that the debt is valid, you’ll need to file a formal dispute with the credit bureaus, listing all of the relevant information you’ve found so far.
If there are a lot of collection accounts, it may be easier to hire an experienced credit repair specialist to help you get your credit back in order.
Be ready to negotiate. If the collection account remains on your files after a dispute, you still may have some leeway. Oftentimes, these debts will be past the statute of limitations to sue (a.k.a. time-barred debt).
If that is the case, and the debt has not passed the reporting limit, you may be able to negotiate a pay for delete. This is where you offer to pay a lesser amount in exchange for having the account removed from your credit profile.
Your Rights When Dealing with LVNV Funding LLC
There are strict regulations about what a debt collector can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect any debt, whether or not you actually owe it. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- Debt validation. Under the FDCPA, you have the right to validate a debt. The collection agency reporting the information must prove to you, within 30 days, that the account is really your responsibility and the amount of money you owe is accurate.
- All personal debts are covered, including personal credit cards, auto loans, household bills, and mortgage payments.
- LVNV Funding LLC may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- LVNV Funding LLC must be honest about who they are and what they are trying to do. They must notify you that they are a collection agency both orally and in writing.
- LVNV Funding LLC cannot threaten to have you arrested, and they are not allowed to threaten to take legal action if they have no intention of doing so.
Want to remove LVNV Funding from your credit report?
Lexington Law specializes in disputing LVNV Funding accounts. They have over 28 years of experience and have removed over 10 million negative items for their clients in 2018 alone.
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