lVNV tactics

I'm not sure either. I assumed that since they are all connected to the Sherman Companies, it held true for all--but I still have sent DV letters to any and all of their companies that have contacted me, just to be sure!!..OF course, none of them properly validate!..KAren

I sent LVNV the first validation letter. But they keep farming it out. I guess I may have to resort to civil suit in order to make them see the light.

Heck, it seems like its the only thing that they understand is either payment or being sued by a individual or government entity.

They will continue to do that. I have sent probably 5 or more,would have to count them, out to their many agencies! They eventually farm it our to their attorney/collecotrs- I DV'd them too- wrote in theirs that I had sent many rquest to them, and spelled out violations that had done--they farmed it out to someone else!!..karen

Just wondering Karen...all those times they played the merry go round with you, did they report it to your credit during the DV period? (you can pm me if you want, if you dont want to post that here)

Yeah they did-- didn't know about that until I found this site!! When we first started, I went to the bank to borrow money to pay them off- not knowing anything. The bank refused-and we had excellent credit with them--they said LVNV was reporting! That started my journey with them and me finding the site!!..karen

oh brother...why do they leave themselves open for lawsuits? :shock:

Because they are idiots :lol:

So they cannot continue to report? Something I was never sure about.

I did the same thing, I DVed LVNV and they farmed it out...but I think (this is my opinion) that since LVNV is the one who owns it, they can farm it out all they like, but the burden of proof still rests with them unless they sell off the account. Just 'hiring' another company to do the job for you is still being done BY you. At least that is the argument I am going to use when we go to court.

Heck, its what I put in the letter to Weltman....I basically told them that it was all fine and good they are collecting for LVNV but LVNV is on a deadline and they just joined that deadline. :)

It has got to be a violation.

Bast, when your finished with your suit let us know what the law thinks about this practice.

Yes, Bast, I'm really curious to find out myself.

Logically, I would think LVNV would be bound by the debt validation letter, regardless of what CA they are farming the collections out to. Because they are the ones claiming ownership of the account, if you DV'd them at one CA and they moved it to another, LVNV would still be, in my opinion, bound by the DV.

Of course, I'm not an attorney nor do I play one on TV. So what do I know?

However, if I am correct and LVNV is bound by the DV, regardless of the CA, aren't they violating the fdcpa by this chicanery? I think this question was raised on another thread in this forum, and I don't recall if it was ever answered.

In my opinion by having a collection agency try to collect it for you, you are indeed engaging in what would be deemed collection activity.

Funny thing is, if LVNV were doiong this to me, I would definitely DV all the CA's they ever sent the debt to. Hey, I'm unemployed and I have plenty of time on my hands. I wouldn't be surprised if the debt were to eventually end back up at a CA I had already DV'd, I would just send them a photocopy of the letter I already sent along with proof of receipt and ask if they want to settle out of court for violating the fdcpa, or should I go ahead and contact an attorney?

I also think it is really important to DV a CA that is being used by LVNV, just to make sure they are currently authorized to be collecting on this. The debt may have been moved by LVNV to another CA and you might find, after you made a payment(s) to this CA you should have been paying another. Then you would probably be out that money as the first CA wouldn't refund it.

Likewise, I do think it is important to DV all CA's that attempt to collect on you!

I think they issue was raised about validation being a stalling tactic. On the contrary, in the past few months I have learned how important it is. A CA may be attempting to collect on a debt they don't have authorization to collect on, or that simply doesn't exist.

I don't know about you, but I don't just send what little bit of money I do have to whoever asks for it. Anyone can call me and say they are collecting on a debt and tell me I need to give them money. My job is to make sure the money I do give is actually going to end up at the right company. And the way LVNV runs things, the chances increase dramatically for the money to not end up at the right place.

Does their company name still show up on your credit report or are they supposed to remove that information during the DV period? I have a few that I have sent DV's to and they are still on my credit report just in a disputed status. Do these still count against your credit score??

These other CA's that LVNV plays musical chairs with...are they wholly-owned sub's of LVNV? Or is it some kind of network?

I think there is different ownership. The companies that are under Sherman acquisitions consist of:

LVNV Funding, LLC,

DBA: Resurgent Capital Services, LP

Dba: Alegis Group, LLC

Aka: Sherman Financial Group, LLC

aka: Pinnacle Financial group

Fka: Sherman Acquisitions

Aka: FNBM, LLC

Aka: Ascent Card Services

Aka: Ventus Capital Services

Aka: Performance Recovery Group

Aka: Receivables Management Solutions (not sure about this one, not confirmed but it is suspected)

A great website is budhibbs.com He lists all these agencies and things that they do it has a lot of good information too!!

Does anyone know about these CA's being on your credit report. Once they are disputed and in disputed status does that still effect your score?

They remain during dispute (not sure if they can continue to report as I'm still unclear on that myself) the only time they have to remove from your CR is when the 7 year reporting period is up for the original creditor, if they are ordered to by a court for some reason, or if the debt gets sold to someone else.