5 Steps to Remove LVNV Funding LLC from Your Credit Report
In Las Vegas, Nevada, a debt collection agency, LVNV Funding LLC, outsources management for its accounts to a debt collector company, Resurgent Capital Services, located in Greenville, South Carolina.
These accounts appear on your credit history and report as the following:
- LVNV Collections
- LVNV
- Lvnvfundg
- LVNV funding LLC credit one bank
LVNV Funding may be listed on your report as a collections account if the original creditor hires a third-party debt collector to collect the money you owe. The company buys debt and has operations throughout the United States, particularly in New York.
This collection account harms your credit score as it stays on your report for about seven years regardless of disputing the erroneous entry. Paying the collection amount can further lower your score. However, it is possible to eliminate an LNVN Funding collections account from your credit record before seven years with the help of a professional credit repair company such as Lexington Law that assists people with fixing their credit.
Lexington Law will additionally assist you with challenging and possibly removing the other incorrect entries listed in your credit reports, such as delayed payments, foreclosures, charge-offs, inquiries, tax liens, judgments, bankruptcies, and repossessions.
Table of Contents
How did LVNV Funding LLC appear on my credit report?
LVNV Funding LLC buys the debt of unsecured credit cards from companies like Credit One Bank, Citibank, HSBC, Bank of America, Chase, Sears, and a few others. The collection agency purchases these debts and time-barred debts at a relatively lower rate.
The collection accounts will show up on your credit report after LVNV Funding buys the debt. Bear in mind that just because a collection account shows up on your credit report, it does not mean that the debt is yours to pay off, as sometimes errors exist in listing debt amounts and account numbers.
Resurgent Capital Services & LVNV Funding LLC Contact Details
Address:
LVNV Funding LLC
55 Beattie PL
Greenville, SC 29601
Postal Address:
LVNV Funding LLC
PO Box 10497
Greenville, SC 29603
Websites:
Contact info:
(888) 665-0374
Should you pay or contact LVNV Funding?
Speaking to a debt collection agency over the phone can worsen your credit score instead of helping it; hence, it is advised to work closely with an experienced credit repair company as they can and have deleted numerous negative entries in the past from agencies like LVNV Funding.
Can LVNV Funding LLC sue me or garnish my wage?
It is likely for debt collectors to seek wage garnishment and resort to litigation when trying to collect debts, but working with a professional credit repair agency will save you from this worry.
Credit repair companies such as Lexington Law assist you in disputing collection accounts with major credit bureaus and eventually have them removed from your report, after which you will possibly not hear from LVNV Funding again. Working with such agencies can additionally help you with avoiding lawsuits and removing erroneous entries from your credit report, which will cause a significant increase in your credit score.
Wage Garnishment
Wage garnishment is permitted in some states, while in others, it is not. In a few states where it is not permitted, it is against the law for a debt collecting agency to intimidate you into garnishing your wage.
Similarly, it is unlawful if any claims, such as threatening to sue you or foreclosing a property, are made by LVNV Funding LLC if they are unable to follow through.
LVNV Funding LLC Complaints
Debt collection companies usually have innumerable charges and accusations filed against them registered with Consumer Financial Protection Bureau (CFPB) and Better Business Bureau (BBB).
Most of the complaints are with reference to incorrect reporting, persecution, frequent debt collection reminders via call, or failing to verify a debt. A complaint should be filed from your end if you find yourself in any situation with LVNV Funding stated above.
Consumers have financial support rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Law firms like Lexington and debt collection agencies like LVNV Funding LLC are aware of these consumer rights.
Continuous phone calls each day are commonly used tactics used by collection agencies, but consumers do not have to endure these calls. Your consumer rights are protected under the Fair Debt Collection Practices Act, and debt collectors cannot harass or threaten you with unwarranted repeated phone calls.
A cease & desist letter should be sent to the agency in case of persistent harassing calls, asking them to make all communications in writing. Bear in mind to not make any payment or go forward with any accommodation until written proof is provided by LVNV Funding that covers the terms of the agreement reached.
Steps to Remove LVNV Funding LLC from your Credit History
There are five easy steps to protect you from and remove LVNV Funding LLC from appearing on your credit report:
Step 1:
As per the Fair Debt Collection Practices Act, it is your right to validate alleged debts by sending a debt validation letter to LVNV Funding LLC. Under the law, the collection agency will have 30 days to make the necessary calculations and manifest that the debt is yours, providing you with the total accurate amount to be paid. If they are unable to prove it, they will have to remove the negative information in your credit report regardless of whether the information listed is correct or not.
Step 2:
Keep a lookout for duplicates indicating that the debt has been purchased and sold more than once by reviewing your credit report for other collection accounts.
Step 3:
Confirm any response received by LVNV Funding to check whether the account numbers and other personal details match your records.
Step 4:
File a formal dispute in writing with the major consumer credit bureaus and include all the relevant details found so far. Hire a professional credit repair agency if there are several collection accounts on your report for a better experience in restoring your credit.
Step 5:
Negotiate the debts if they pass the statute of limitations. This refers to the legal limit set for paying off debt, after which a company cannot legally sue or contact you for not settling the debt.
The time limit set for most debts varies between three to six years, but the particular period is based on conditions like the state you reside in. The accurate way to verify this is to check with your state’s legal officer via their website or contact email.
Try to reach a ‘pay for delete’ agreement where you pay a lesser amount to have the account removed from your report.
Know Your Rights When Dealing with LVNV Funding LLC
Strict ordinances exist in the United States regarding the dos and don’ts of a debt collector or agency. The Fair Debt Collection Practices Act prohibits using abusive or deceiving strategies to collect debts. Furthermore, the act grants consumers the right to guarantee that debt collection agencies do not take advantage of their situation. To highlight a few:
- For LVNV Funding to list incorrect or wrong information on your credit report is to go against federal law.
- As per the Fair Debt Collection Practices Act, it is your right to validate alleged debts by sending a debt validation letter to LVNV Funding. Under the law, the collection agency will have 30 days to make the necessary calculations and prove that the debt is yours, providing you with the total accurate amount.
- LVNV Funding LLC does not possess the right to pressurize, threaten, harass you, or publish a public list of debtors with your name in it.
- The debt collection agency should practice transparent transactions and be clear about the work they do.
- LVNV Funding LLC is not permitted to intimate you into filing a lawsuit if they do not intend on doing so.
Remove LVNV Funding LLC Collections from Your Report Today!
Lexington Law can be contacted to dispute LVNV Funding LLC collection accounts from your credit report. With over 18 years of experience, the professional credit repair service has disputed over seven million negative items in 2020. It is advised to get in touch with Lexington Law for a free consultation if you want to remove a collections account from your credit report at the earliest.
