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

I didn't go back and read the post but a divorce decree does not resolve responsibility if a debt is made with your SSN# durring the marriage. They can still come after you.

When that happens you are going to have to take your ex-spouse back to court to make him/her take care of the account the way it was supposed to have been in the first place and even then it's not always successful. Yes it sucks but all you can really do is sue them for the debt.

I also got a letter

I got a letter stating I owed money for a debt that I don't even have. It also doesn't show on my credit report. What could this be?

BHB and all,
I got the same letter last week and been receiving phone calls with an automated message almost everyday for the past few weeks, but my letter was sent by Worldzen Collection and Recovery, LLC. I am retired, on social security with no credit cards or any loans whatsoever.

The first line of the letter states:

"Your Nations Bk Account which was purchased by our Client LVNV Funding LLC has been listed with our office for Collection."

They are saying that I owe them $3812. First of all, I know for a fact that I do not owe anyone anything. And second, I don't even know what Nations Bk is. I tried looking them up, but couldn't even find any legitimate looking information.

I checked with TransUnion and Equifax, and they said there is no record of anything on my credit report since I have never applied or had a credit card, nor did I ever apply for any loans or anything.

Reading all these negative statements about Worldzen and LVNV made me think twice about calling them. I'm 79 and retired, I don't need to deal with this crap!

To those who have more insight in these situations, what should my next course of action be?

Thanks

I would write them a request for debt validation letter. Since you are sure you don't owe anything, also send them a cease and desist letter,stating you only want to be contacted by mail. This company is well know for doing this, and harassment. Since you have checked your credit report you know it probably isn't identity theft, with someone opening something up in you name. If you have any questions, please ask..Karen

This company is reporting on my credit report an amount that has added intrest, after a judgement. The original creditor has never filed a Mem of cost after judgement, so how can this company keep adding intrest. Due to three reporting agency's the amount is more that trippled on my report, thats including the judgement amount. How can I get help. LVNV keeps updating the last update Date, when the original judgement date is approx 3 years older. It is all effecting my score, and I am trying to clean everything up.

I paid off my account to Old Navy in early 2006. I had to in order to re-finance. Before that time the account was transfered numerous times to different collection agencies, Old Navy, 1st Revenue Assurance, northland group, LVNV and now to Resurgent Capital. My payment went to 1st Revenue. Since then it has been deemed "Paid and Closed" on my credit report. The problem is, is that I'm still getting collection letters from Northland Group and now Resurgent for this paid account. Could it be that collection agencies sell clients to other collection agencies, and the "right hand isn't telling the left hand" what happened with this account! How do I correct this problem, it's very frustrating with these people still bugging me when it's paid!!! The original debt was owed to Old Navy. Should I just keep mailing a copy of my credit report to these agencies, or how can I finally stop them. Seems I get one satisfies with proof, then the very next month I have yet another agency wanting this money that I already paid. What gives? :cry:

Having received a letter from a collections attorney I began researching LNVN FUNDING, LLC. Three states I have checked with so far are: Nevada, South Carolina & Delaware.

Please be advised, this company has been tracked back to the *State of Incorporation* as listed with the State of South Carolina. The State of Delawares, Office of Sevretary of State shows that there is not a listing for LNVN FUNDING,LLC in their databse.

Other tradenames,DBA's, states operating in, ect post them. They will be traced & listed on this forum.

How do you determine which state's SOL to use? Husband had a voluntary repo due to a divorce in 2001 while living in GA (SOL 6yr), however original loan was in SC (SOL 10yr). We now live in NC (SOL 3yr). LVNV showed up on CB this month. Shows 120 past due and opened in 10/06. I've ready alot but cannot find an answer to this. We are going to send a validation letter to make sure this is the repo since the amount is different. There was no correspondence as to a deficiency amount due and the original account on the CB shows charge off. Any help would be appreciated.

LVNV FUNDING,LLC this is a correction of company name from previous post. Sorry for any inconvenience.

Hello all, I'm sort of new, if you haven't noticed. Thanks to all the wonderful information here, I now know how to dispute a claim with the evil entity that is LVNV FUNDING. I was wondering now, if anyone could help with directly disputing with the CRAs. Why only attack from one angle when I can attack from many? I guess what I need to know is 1)the form of letter to use and 2) where to send the dang ol'letters once I write them.

Ok, so I am reading all this info. Whew! I am an ABC/123 kinda person...
I have sent the certified DV letter and a dispute ltr to the CB who is reporting 120 days past due on a voluntary repo that is 7yrs old; 1 yr away from being removed from the CB. The SOL is 3yrs so that means it expired 4 years ago. CB score has dropped significantly and now other creditors are lowing credit limits which in turn lower score more. The other 2 CBs are only reporting as collection. If no verification is received how does a person go about changing this? Is the only way to sue in small claims court?

You can ask the credit bureau to give results of the investigations when you disputed the item. They will have to provide proof when they still continue to report the item you disputed earlier. If you have documents to prove that the credit bureau is reporting the item incorrectly even after showing proof, speak with an attorney. He will help you in filing a lawsuit.

LVNV Funding appears on my credit report. They purchased it from Sears. The account however was closed in 2000. My report says that last activity with Sears was Aug 2003. LVNV has the account opened April of 2004. Do I still have a legitimate complaint against them?

i just tried to get my credit score and this lvnv funding llc shows up and i have no idea what it is or what for.

For you guys that have just noted lvnv funding llc on your credit report this forum has alot of good info. You just have to read the previous pages. There are sample letters and contact info throughout the previous post.

My husband back in January found them listed on his report & in turn we have been going back & forth. Do all your correspondence via certified mail and do not talk with them on the phone from what I have read. We did initate the correspondence by sending dispute ltrs to all 3 agencies & a verifcation ltr to LVNV. The credit reports changed to collections aquired from another company. This is from a voluntary repo due to a divorce that is alomst 7 years old & the SOL has expired. The verifcation that we received from LVN just showed the original Company, the $'s they want us to pay (included tones of interest) and the SS#. The original creditor disposed of the car at auction and never sent a differential amount statment.

We had requested copies of items to be sent to us and if they failed to do so in 30 days they would be in agreement that this was not a valid calaim and they must remove their claim. When we did not receive this info we followed up stating the fact & confirmed with them the agreement in our 1st ltr that if they did not provide the documents they were in fact stating the claim was not valid.

We have just received another correspondence from LVNV stating that they are researching the info. If we do not hear back from them the 1st of March we will be sending them a demand ltr to remove this claim immmediately or we fill a claim for fraud.

They showed this account as past due, open with terms of 1 month and no payments. The 3 reporting agencies show disputes now and LVNV has changed the status to closed/collection. The credit score has gone back up a little and the creditors that lowered his credit limits have reinstated the accounts as they were.

But I can say it is not a fast process and you will need to be patient. If this goes to court we want to make sure we allowed all parties the time to respond to our request but not too long that LVNV sets it aside thinking we will forget about it. Then when we are not looking they pull this same stunt again.

Good luck and read from page one. It's overwhelming & alot to take in but great info from those who have been there.

Okay i am new to the game and my fiancee had the a/c with sears and he missed a few payments and then lvnv bought the a/c. Should we be asking for a debt verification still? Also i have heard people in the past saying not to contact them is this wise?

Yes LVNV does buy out Sears accounts. We are being bothered by them. They will eventually file suit using Mann Bracken, LLC to file. We paid them off, supposedly just before it was to go to court. We still had judgement against us, and are trying to see that it is removed from our credit report. Any thoughts?

To Marsha: Send a debt validation letter, do not ask for verification over the phone. Send a separate letter stating any and all further communications are only to be conducted through the mail.

To Steve: Contact the appriopriate court clerk. Verify that there is in fact a recorded judgement. Seems to me there could be at least 1 violation each, fdcpa and FCRA.

LL809, I am not sure you will have a legal leg to stand. According the the fdcpa guidelines, the conusmer has 30 days from initial contact to request debt verification. However, there is no 30 day timeline foe the CA to provide such information. The rules say that all collection must stop until they provide that info. If it were as simple as what you are stating, we all would do it. Am I misunderstanding your post?

LVNV funding is a debt purchaser. they buy charged of debts and yes its legal. Most of the debts are Sears, Providian Bank and other various creditors. If you see LVNV Funding on your credit report it should show what debt they are attempting to collect on. If not call them they have a website with their contact information.

LVNV purchased a "charge off" account of mine from an old BP gas card worth 300.00 But LVFN is demanding 800.00 for that same account and won't budge on the amount. The gas card company won't verify the true amount being that it was charged off. Any suggestions?

Damon, sent a letter to LVNV telling them that you want validation of the debt. Tell them that you want documentation showing that the debt exists, what the amount is, and so on. They are not permitted to take any further collection activity unless and until they provide you with verification of the debt.

Try this number I just got it online 888-665-0374.

For those of you having problems with LVNV???????there is hope! And yes the only giving 30 days to responding gets action. Whether or not it is legal I do not know but these companies sure but a demand on the victims to respond within 30 days. As my previous post stated if I found myself having to go to court I wanted to show I ws giving LVNV funding the same time to respond that they gave me. READ ON to see the what the out come has been and it has been a been less than 90 days!!!!

In January I noticed a derogatory account all 3 CB????????s. I found a lot of great help in these posts. I found sample letters and requested a verification of debit letter. I tweaked the sample letter to state:

???????If the below items are not received within 30 days of receipt of this request, you and/or your company are in agreement that this is not a valid debt and at said time you are required by law to remove your claim from all 3 credit reporting agencies.???????

I sent this certified, return receipt as everyone suggested. I also notified the CB????????s of my intent to dispute the claim via internet. This company had bought a charged off voluntary repo account where the statue of limitations had expired. The original loan was due to be removed in less than a year. The original loan had already sold the vehicle and charged off the difference owed on the vehicle. I never received anything from the original lender requesting a difference in amount due. So in my view the original lender made their money from my initial payments plus interest & then sold it. When they charge off the account it goes on their records as a loss and at tax time it becomes a credit in their favor. They then turned around and sold it 6 years later to LVNV for profit.

Within 30 days I received a LVNV generic statement with my name, and amount due (thousands more than the original loan) with the original lenders name. The items I requested were not included. They did include a payment coupon.

I then sent a follow up with a cease & desist. I noted in the letter they had 30 days to respond with the following statement:

???????Without the above proof you have stated that you are in agreement that this is not a valid debt and at said time you are required by law to remove your claim from all 3 credit reporting agencies.???????

I carbon copied this letter with the original letter and a copy of their response to all 3 CB????????s stating:

???????As per the enclosed letters state; ???????Since you have failed to provide that information you are agreeing that there is no contractual obligation which is binding on me to pay this debt???????. They have agreed that this is not a valid claim and by Federal Law their claim must be removed from the credit reporting agencies files.???????

Within another 30 days LVNV sent me a statement telling me they were researching the claim and would get back with me. It has now been about 90 days and I was gearing up for another round of letters demanding removal or I would seek legal counsel. I was ready to go to small claims court. This past week I received a copy of a credit report where the LVNV funding had been removed and to my surprise the negative original loan had been updated as well to show a positive paid as agreed.

I order my credit reports from the other 2 CB????????s and they have also removed and updated the original loan. I will most likely not ever hear from them again. Good luck and don't be afraid to put a time limit on them. It took time and patience. If you have the confidence that you are in the right and their claim is only to make a buck on your mistakes or bad misfortunes then stand your ground. You have to do some homework and tweak the samples to apply to your situation. It cost about $5 each to send certifieds but well worth the effort & price to have this situation taken care of. Make them think you know what you are doing even if you really don't.

/p/op

Congratulations LL809, I'm sorry you had to go through that. But it is good to hear that you received the advice and help you needed and everything worked out for you. :D

LL,that is a good letter,
You simply turned a dv letter into a credit reporting act dispute with data furnisher.By doing that you locked them into either validating and updating report or removing everthing.What you did is use the fcra for what it is there for.Congrats!

I jusr received a letter from LVNV in PA but Executive Offices in Chicago, say ing I owe over $5,000 but if I send a one time settlement in full I only owe then $2700 and change...hhhmmm things that make ya go mmhhmm. I am gonna some further checking them maybe contact a news channel where I live. what yall think, sounds so hokesy to me.

I just recieved a letter that a negative credit bureau report reflecting on my credit record may be submitted by LVNV Funding LLC.
I also have never heard of them before. I have had no prior notices from any creditors and am always careful to make sure my bills are paid on time.
I'm really confused by this. has anyone found out any more about them? I'm doubting their ligitimacy.

Juliet, read the posts above yours. There is a nice letter up there, and may fit your situation nicely.

I have had LVNV on my credit report for awhile now and looking at my report I see that it came from Best Buy. I see that on my report both Best Buy and LVNV are on there for the same account. Can they both be on there for the same account?

I also notice that LVNV is saying on my report that my last reported delinquency was on 2/2007. I have not paid them since 2004. Is there a reason why they are putting down my last delinquency as 2/2007? Can they even do that? I sent them a letter and am hoping that they respond. If they don't respond, what action should I take?

Trying to find the phone # for this loan group. Does not show on bank statement. I need to contact them ASAP to pay off loan so they can stop deducting money from my account. Loan companies like this just keep deducting and in the end a person winds up paying more than what the loan actually was. What a rip off.

We recently had a credit report pulled while trying to finance a motorcycle for my fiance, we notice that there was a delinquent account reported by this company in the amount of $2475, it says the date openned was September 2006, but the balance date was just last month, February 2007, first of all we never openned a credit card or financed anything in September, it says it was originally through citi financial, whom we have never dealt with. This is really hurting his credit. So when we send out a letter for debt validation, how long should we wait if we don't hear anything to send another letter, after that if it still isn't validated how soon can I contact the credit agency reporting this to file a dispute with them?

I just received a summons to appear in court. From this same company. I do beleive it is from sears. I did'nt have any way to contact them until now. Thanks maybe I can get something done now.

I have noticed alot from everyones posts that LVNV has a lot of balances for the $2400 mark and that seems a bit wierd to me. There are several paople here that have around that amount due.

LVNV reported debt as a public record. I just learned this today. I never received any prior notification via mail or telephone. Any suggestions on my next steps.

I repair credit for a living and I read these message boards all the time. Be careful, LVNV also works closely with a company called M R S Associates. They're very sneaky and LVNV likes to hide behind them.

this company just sent me the same thing and then saying that it was a visa card but the problem is that I never owned a visa card. This company needs to get their act together!!!!!!!

request debt validation.

I was issue a subpenoa to go to court in Jan 2007 for a Sears debt that was charge off over and over again. I deny owing the charges and requested validation from the attorneys. I never received anything from them.
I went to court today and the case was dismissed.
However, I am now receiving calls from Professional Credit. What can I do?

I have credit check monitoring through Experian. LVNV showed up under the public records section. It is for $463. I believe it is related to a credit card I had in college. Does this mean I am being sued? How can I find out what it is for?

this is showing up on my credit report also. i have no idea who they are the say there trying to collect a debit for osi gulf state (wells fargo) i never heard of them either.

Both of you can dispute the entries on your credit reports, and aslo request debt validation. LVNV is well know for buying old debts and trying to collect. Check outt the SOL for your state too.Good Luck..KAren

Anyone that wants info on this company, go to ripoffreport.com and you'll find all the info you need about this nasty place!

I have seen several different address for this company; I need to send them a letter of validation but I'm confused as to which address I should use, I was going to use the South Carolina address but I was wondering if I should send a letter to the other address as well?

i recieved a credit report for a loan and there was a debt issue with lvnv saying i owed $1594.00 but the senior loan officer said it looked suspicios because there was no address or contact number what should i do?

Do you have an incorrect reporting in your credit copy? If this is the case, dispute the item with the CRA and get it fixed.

LVNV sent a bill for 465.10 that they said was charge off 9-1-97. I don't know of any such bill, and if I did why would they send this if it was charged off back in 97???

Wes,send them a debt validation letter and tell them this is an out of statute debt.Even though sol runs on civil action and reporting,the debt is still valid to call and collect on.