Whenever the name of LVNV Funding appears on credit report, it tells you that LVNV Funding has purchased the ownership of debts from your original creditor. Now they are contacting you in order to recover those old debts. They may use other collection agencies like Resurgent for collecting debts and they also have the authority to put negative marks on your credit report. Stated below are some useful tips to get rid of LVNV Funding.
The very first thing you need to check is the ownership of the debt. If you consider that debt does not to belong to you then you require disputing it straight away. Ask the collection agency to provide any evidence that you owe them the debt, as you do not believe in the ownership of that specific debt. In response, LVNV Funding would come back with the justifiable proofs that you owe them the debts but, in case, they fail to validate your debt then you are not obligated to pay them.
The next thing you need to verify is the SOL expiration dates. If you find that the SOL has expired in accordance to your State of Residence, then Fair Debt Collection Practices Act restricts collection agencies from collecting any debts which has passed the limits of SOL period.
The Fair Credit Reporting Acts regulates and instructs credit bureaus to remove negative marks from credit report that cross the period of seven years and one hundred eighty days. If you find credit bureaus did not remove the negative marks then remind them to do so. In case LVNV Funding LLC tries to contact you after this period then legally you are entitled to take LVNV Funding to court for contacting you.
Here is a case where a consumer fought back - and won - against LVNV Funding LLC.
The very first thing you need to check is the ownership of the debt. If you consider that debt does not to belong to you then you require disputing it straight away. Ask the collection agency to provide any evidence that you owe them the debt, as you do not believe in the ownership of that specific debt. In response, LVNV Funding would come back with the justifiable proofs that you owe them the debts but, in case, they fail to validate your debt then you are not obligated to pay them.
The next thing you need to verify is the SOL expiration dates. If you find that the SOL has expired in accordance to your State of Residence, then Fair Debt Collection Practices Act restricts collection agencies from collecting any debts which has passed the limits of SOL period.
The Fair Credit Reporting Acts regulates and instructs credit bureaus to remove negative marks from credit report that cross the period of seven years and one hundred eighty days. If you find credit bureaus did not remove the negative marks then remind them to do so. In case LVNV Funding LLC tries to contact you after this period then legally you are entitled to take LVNV Funding to court for contacting you.
Here is a case where a consumer fought back - and won - against LVNV Funding LLC.
