LVNV Funding LLC: What to do if you find them on your credit report

Lori, call the company and inquire about purpose of this letter sent to you. LVNV Funding is a collection agency. So you can send a debt validation letter to know the correct details of the account. Under the laws, you have the legal rights to refuse any kind of payments until it has not been proven to you in writing.

If you call this number 1-866-464-1123 and ask for the number to the dispute department the people are very nice. I just got something removed that I have been fighting for 2 years to get done.

Under no circumstances should you ever contact these people, nor try to make arrangments with them. Number 1 - making a payment will not clean up your credit. What it will do is re-age your account, and, it will stay on your CR another 7 years from the date you pay them. These people will probably not report it to the credit bureaus. They are pirates!! Unethical is a kind word for them.

Search LVNV Funding at Google and read the articles, LVNV Funding is a shacking down people for money they may and/or may not owe. They are buying up bad/charged off debets for pennies on the dollar and trying to get money out of people by reporting ooutstanind balances owed even if they are not. They have been sued many time sfor this practice and should continue to be sued.

I have recieved letters from lawyers representing LVNV, but have never recieved one single thing from LVNV...the letters say that LVNV is the original creditor although that is not possible since they are a CA. But, the letters also give no contact info for LVNV, not that I want to call them, but that is very strange. I also get phone calls from these "attorney offices" all the time, yet LVNV never once tried to call me. I think it is very strange. Especially since I sent debt validation letters to the attorney's offices, and recieved no response, except for continued phone calls. One of the accounts that LVNV had, not sure what it is...only guessing by the amounts, I sent debt validation to the attorney who had it, then 2 months later, after hearing nothing...I get a letter in the mail from a completely different attorney's office, showing the same amount of debt, so must be the same account transfered to a different attorney. Does any of this make any sense at all?

If a collection agency buys the debt from the original creditor, they become the original creditor. It might be LVNV has resold the account to these attorneys or they have appointed these attorneys to collect the debt on their behalf.

In both the cases debt validation is required. Tell them that how will you understand if LVNV is not holding the account? So they have to send some paperwork to you.

Quote:

how do you go abouts checking a statues?

You can check it online; there are some web pages that list the statute of limitation state wise. One such page is available here also:

http://forums.debtcc.com/forums/state-statutes.html

It is better to get it confirmed with a local lawyer.

You're right Clay. The original creditor never changes, a debt purchaser is a third party collector under the fdcpa (as well as collection lawyers). But, it has been my experience that LVNV/Sherman often "pretends" to be the original creditor when you call them up, and even have gone so far as to say that the FDCPA doesn't apply to them for this reason. Of course this is utterly rediculous, and if you do phone them, it is reason to record the conversation.

I have heard that once a debt buyer purchases the account, they become first party collector they become the owner of the account, hence can bring legal action against the debtor.

curlycarl,

No. Under the fdcpa a debt purchaser is the same as a third party collector. Yes, they can sue, but most often cannot produce any evidence.

I too just found them on my credit report. Since I have not recieved anything from them it was quite a shock. What are the federal laws concerning the 7 year statues? You had mentioned something about activity on the account. Activity by whom? Thank- you for any imput you can give me...Chell

DOL: date of last activity is the date when you made the last payment for this account SOL clock starts from this date. Every state has its specific statutes of limitation. So you have to check when the account will be declared uncollectible legally. You can check this thread also-

http://forums.debtcc.com/forums/sol-info.html

To Whom it May Concern,

My credit rating was negatively affected by your entry to the 3 National Credit Bureaus. My dispute with you is that I didn't have a account with Sears in 2003. This is false information reported on my account. The account ifformation that I recieved is:
Date opened - 06/2003
Account # - xxxxxxxxx
Type - Installment
Credit Limit - $2,584
This has to be someone else's account, because I haven't dealt with Sears in over 15 years. Please check this out and remove it from my credit reports. You can contact me at:


P.S. I don't want to take any legal actions on this, however; I need a reply this week.

Thank-you,
John A. Bost, Sr.

The last 4-digits of my SS: xxxx

Your account #, home phone & address and your SS # deleted for your safety-Mike

John, you have to send this letter to the credit bureaus through certified mail with return receipt requested. Otherwise it won't work. Hope you understand.

Also do not disclose your personal information in any open forum; any one can use it fraudulently. Thanks Mike for helping John protect his privacy.

Hello! I just received a settlement offer from LVNV funding LLC and the addresses you listed does not even come close to what they have for me...I have FMS INC PO Box 707600 Tulsa, OK 74170-7600.. And i really don't know where the debt is coming from..And also is there an email for them cause I am in the military and stationed in IRAQ..

Hi Josh,

Thanks for updating the address. You can search for them with BBB website to get a correct email address.

However, as you have their address, send them letters too because snail mails are good for evidence.

I notice the same thing. Did you get any resolution

i just found this on my credit report. i have never heard of them. its always something!

Hi kathym

The number to reach LVNV Funding is 888-665-0374. Ask them about the account for which they have hit your file. The company should give you the details of the debt in writing. If they do not respond to your request, highlight the item and dispute with the bureau. They will investigate the matter with the CA and if your dispute is correct, the item will be removed from your file. Don't let LVNV Funding hurt your file for wrong reasons.

This company showed up on my credit report also. I tried calling the number they provided and it turned out to be someone home phone. I was contacting them to set up a re-payment arrangement but can't get through to them. The phone number that they have listed is 866-464-1183, tha address is PO Box 10497
Greenvilli, SC 29603-0584

ON MY CREDIT REPORT IT JUST SAYS LVNV FUNDING I WONDER IF ITS THE SAME THING

Has anyone had any luck finding out the right number

The contact number of LVNV Funding is 888.665.0374

I assume you have this company reporting in your credit file. Call them and inquire about the account. If the company fails verification, dispute with the bureaus and get the item removed from your file. Inaccurate collections hurt your credit file severely and lower down the scores. Ensure that your credit is being reported with accurate information.

Can some one tell me if you have seen this on your CR, My credit is with Providian and they charged it off it is also 7yrs old, and sold it to LVNV, But on my credit report LVNV showes in as a new charge with an open date of 3/2004. I have never seen any other colletion co. report a collection account in this manner. But because LVNV is doing this my credit score is lower. I called them to try to settle it. they said I had to give them a post dated check over the phone so that the settlement they were offering would be valid, When I told I would not give them a check because I did not have the money in the bank they didn't care they just wanted the check. When I refused to do it that way and asked for an offer letter first, he said the offer of off and I had to pay the full amount and he got rude, and hung up on me.
So how do I prove that is charge is over 7yr and get them to take it off the CR.

Request in writing CMRRR for a validation of the debt, also contact the CRA's and inform them that you are disputing the debt. The date would be of the last activity on the account, not the beginning of the date of delinquincy.

Mel, dispute this account with the CRA reporting it. The account should appear in your file for seven years starting from the date of first delinquency. If the account is past this period, LVNV cannot re-enter it in your file. Under the FCRA laws, it is violation of the consumer protection act (Section 605) if a company or a credit bureau tries to reage the accounts and keep negative information for longer period. You can actually repair your credit by suing them up to $1000 for each violation.

Lvnv has filed a lawsuit against my mother. She has no idea what company transferred information to lvnv. This is a woman that has always paid her bills and paid them on time. She is 82 years of age and lives on social security. What can she do?

I successfull dealt with LVNV and got something removed from my credit reports. Smile

After I initially wrote them a letter notifying them the original debt was older than 7 years, they wrote me back from on of their other company names-Resurgent Capitol.

I then wrote Resurgent Capitol and gave them the same documentation. (Return Receipt on everything of course).

I also disputed everything from LVNV with all 3 credit bureaus.

Within 2 months, it was gone.

It took a LONG time to track down the original debt and several phone calls, but I figured it out and am a happier man!

LPREED,
If a lawsuit has been filed you must file an answer to the complaint within the time period stated on the complaint.

I have also been sued by LVNV and should be getting a notice of a court date within a few weeks. The account they are trying to collect is an account that I never opened, used or received any statements on. There has been nothing that has appeared on my credit report as the SSN attached to the account is not mine.

Through discovery I requested all documentation of the account, applications, statements, receipts, shipping addresses, phone numbers used to activate or access the account, purchases made on the account, screen captures of internet transactions, etc., etc. So far I have received nothing, most likely because it doesn't exist.

One of the forms that LVNV has been sending me asks for my identification which I have not provided but I have submitted the forms as evidence to the court along with multiple requests for validation on the debt.

This company posted an account to my credit file that was fraudulent and it dropped my score such that I could not get refinanced on my home. I called them and they did the research and they verfied that it was a fraudulent account. They refused to give me a letter saying such, saying only that they contactd the credit bureaus to do a quick-delete??? I asked if I could get a letter stating that and they refused. I filed a complaint with the FTC and a week later, got the letter, which I have submitted to the credit bureaus. I fought with them for 4 weeks about this.

Good for you, jmbarbee01. You have been able to get the fraudulent entry removed from your file. It would have kept hurting your credit severely if it stayed there. Congrats!

use this address
Resurgent Capital Services LP
LVNV FUNDING )
15 South Main Street Suite 600
Greenville, SC 29601

This is the address that i have been using validating a debt on my friends credit report, but the problem when you validate the debt coz i have done it like 5 times you get replies from different companies, and different adresses, make sure you mail your letter certified. and also dispute that account with bureaus.

I reviewed my credit report and this company has different account numbers for the same balance, and they have it listed as open two years apart. How can this be?
Thank you

Bonnie

Send a dispute letter to LVNV Funding asking to verify their records. They will correct it if wrong information has been posted. Or, you can dispute with the bureau also highlighting the disputed item.

I'm dealing w/ LVNV Funding w/ my husband. I sent a debt validation letter to LVNV funding the first time around (unfortunately, I didn't send it w/ a delivery receipt). I then received a letter from a Lawyer representing the debt talking about judgements. I sent anotehr validation letter (got a deliver receipt this time around!) and still haven't received anything. I did this back in February, I believe. How do I get a debt validation from them? No one is complying. Any ideas or suggestions??

The collectors must validate the debt if they are doing legitimate collections. In most cases, they fail to validate the information when they have nothing to give you. Now, you need to get everything in writing so that your side of the story is easily understood about taking care of the account. Chances are very rare, but if the matter is taken to the court, you will have sufficient proof in your favor about their negligence and the judge will rule in your favor.

LVNV keeps gunning me for money I do not owe them..I ask for debt validation and they simply sent a page with this written on it: Validation of debt you owe LVNV funding $5200. If you do not pay then additional charges will be added..How is that validation.They sent me no proof that I owe this debt and I never heard of them before and if it was for credit, I haven't applied or had credit cards in 7 years. How can they be allowed to gun me for something that is not mine.

Don't feel intimidated by LVNV Funding. They are doing such illegal practices with many others. The information given to you does not sound debt validation in anyway. Read this page and know the facts they are required to put in writing before attempting collections. The most important requirement is the details of the creditors they are collecting for.

http://www.debtconsolidationcare.com/validation.html

The federal laws also state that you can refuse to pay anything to the CA until the proper details about the account have been given to you. Read this page direct from the FTC.

https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text#809

Though, they may sound that the debt validation is complete, send a verification letter and dispute the information given to you. Send it through certified mail so that you have every proof about your actions taken to resolve the matter. Read some more thread about LVNV Funding and know more about their illegal practices.

http://forums.debtcc.com/forums/lvnvfunding-homedepot.html

http://forums.debtcc.com/forums/lvnv.html

Tell me more about the statutes thing and where I can find them [color=red]Email removed as per forum rules-Mike[/color]

I recently recieved a debt letter from capital mgmt. services (working for lvnv funding. i was told that they have started to file against me in the county where i live. I am on disability income only and I need to know if there is a way to find out how to be in court on the day they attempt to get a judgement against me. Also, if I pay $10.00 per month, will that change the statue of limitations on filing a judgment against me? i was told they can sieze my accounts if i ever go back to work.

If you make even a small payment towards the debt account, the SOL will be renewed from the beginning. Did the company validate the debt account they are collecting for? It must be in writing giving out the complete details of your original creditors and the payments done in the past. It must be in writing as mentioned in the fdcpa.

Ihave recived a letter that say I owe what!

Don't fall into the catch of the collection agency. You don't know if the debt that has been put in front of you is at all legitimate. Ask the CA to validate the account in writing. It must give you the complete information about the debt you owe. Read the FTC website stressing on the need to validate the account before you pay anything to the CA.

https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text#809

I sent in the death certificate and now i neeed the total so that i can pay it all

Here's a follow up letter being sent to LVNV. If they don't comply, They're going to be sued.

Quote:

I had a account charge-off in 2001. LVNV purchased this debt, I noticed they are adding interest fees and reporting the debt as a factoring account and also they list I am late 120 days and on top of that, they list that the account was opened by me in 6/2003 when in fact the account was opened in 9/1999. What can I do to get them straight. I wanted to pay the account but I was told it would not help my credit score. I don't mind accurate facts being reported but inaccurate made up intentional lies--I will not stand for that. Someone please help. I live in Texas and I am not a deadbeat, I just ran into some hard times about 6 years ago and couldn't afford to pay the account. Thanks and any comments will be appreciated.

I Hate LVNV-Way to go-let me know what happens.LVNV bought my Sears debt that was opened in 1982 and nothing charged on it for 10+ years,the only problem is,we were stupid and have been paying Sears for all these years,probably thousands and thousands in interest,finance,etc. I repeatedly tried to work out payments,just got verbally abuse. Also,they have not validated my debt as the ones who are authorized or anything. I,too,sent a follow up letter to inquire about the DV letter,but no response. Theyalso broke numerous fdcpa reg.,which I pointed out to the in my follow up letter-good luck :D ...Karen

Carol, dispute the item with the credit bureau. They will pull information from the original company as well as from the CA and update your credit file with correct information. Since this account took place long time back, you should also check the SOL of the state where this account was opened. It seems that by changing the date of reporting, LVNV has tried to re-age the accounts. This is illegal as per the FCRA laws. If you are able to prove out with your facts, you can file a legal case against the company and compensate you for the damage. Try dealing with the original company also for getting the original facts.