Who Is LVNV Funding and How To Handle Them
Debts that are not yours could be sold to LVNV Funding, which is a collection agency with questionable business practices. They are very unorthodox and place erroneous debts on credit reports solely as a way to make money. The amounts are usually inflated or padded so they make a profit, and are difficult to remove without legal help.
You have the right to demand information concerning your debt pursuant to legislation under the Fair Credit Reporting Act (FCRA), where these collection agencies have to follow certain guidelines and code of conduct. Demanding information is your right as a citizen. Protect yourself by sending it certified mail, return receipt requested.
Your letter to LVNV Funding should include the following demands: How much is the debt; what is the calculation they have applied (which will show the additional fees, penalties and interest); proof of contract; proof the statute of limitations has not expired; their licensing authority to collect the debt proof they are licensed to collect in your state.
Send your letter all three credit reporting agencies as well, also certified mail with return receipt requested. Tell them the collection agency is violating your rights by listing an inaccurate or erroneous account, and to correct or delete this entry on your credit report. Ask that if the debt is deleted that they will not allow the collection agency to reapply for collection.
Some collection agencies also try to reapply the debt or judgment to your credit report even after being removed legally by a Judge in a court of law, and LVNV Funding is no different. Protect yourself against this collection agency by checking your credit report as often as you can.
How I Stopped Lvnv Funding llc, Fixed my Bad Credit, and Raised my Credit Score up to 763. www.lvnvfundingcollection.com
