LVNV Funding is a collection agency with questionable business practices. Well known for their unorthodox methods of purchasing debt and inflating or padding the amounts for profit, they can cause havoc with your credit report and may require legal help to remove all the erroneous information they have placed on your credit report.
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.
Letters to LVNV Funding should include the following: Demand to know what is the amount of the debt and what formula is used to calculate the anount. This will show penalties, fees and other inflated amounts. Proof of their license and under what authority can they collect in your state. Find out if the statute of limitations has run out as well. What kind of contact did you sign? You want the proof.
Your letter should be sent to all three credit reporting agencies as well, letting them know LVNV Funding is violating your rights. By listing inaccurate information, they are party to fraud and you want it deleted, without it being resubmitted by them again. Send this letter certified with return receipt requested. This is where they get their horrendous reputation.
LVNV Funding will try to reapply the erroneous information to your credit report, even after having the judgment or debt removed legally by a court of law. They will not stop. Protect yourself as much as you can from this agency. One way is to check your credit report as often as you can.
How to Stop Lvnv Funding collections Collection Agency and Fix Bad Credit in 24 Hours. www.lvnvfundingcollection.com
Our firm has seen many complaints relating to the debt collection practiced used by this debt collection agency. They have a very bad reputation for breaching their legal obligations under the Fair Debt Collection Practices Act in the US and in Australia under the ACCC guidelines on debt collection practices. Lawyers had lodged a number of claims against this company because of its breaches of the fair debt collection practices act.