LVNV Funding is a purchaser of debt. They purchase debt both domestically and internationally.
They will buy debt from other collection agencies, finance companies and banks. Then they outsource the actual collection effort to Resurgent Capital Services and a variety of other collection agencies.
Resurgent will try and collect payment on an account for LVNV Funding. However Resurgent also outsources some of their accounts to other collection agencies.
Accounts collected upon are often credit cards and other forms of unsecured debt. If LVNV is contacting you it is regarding a delinquent debt.
LVNV Funding uses credit reporting as a method to recover payment. They can and will create a negative mark on your credit report if they are unable to collect payment. They also can sell your account to another collection agency if they can not recover payment.
You could have multiple negative listings on your credit report from one account. If you have a charged off credit card you will have one negative mark from the bank the credit card was issued by, another from LVNV Funding and yet another if they sold your account to another collection agency.
This is why it is important to learn what is really shown on your credit report. You should know that just paying a bill from LVNV or any collection agency does not mean that they have to remove a negative mark from your credit report. So you can pay the bill and receive no benefit to your credit score.
Also LVNV will not be able to remove any other negative mark on your credit report regarding the account. So I strongly suggest getting in writing from LVNV that they will remove a negative mark from your credit report in exchange for your payment. Do this only if it is a valid and accurate debt.
If you have a mark from LVNV, the most effective method for removal is to dispute the listing. You will dispute the accuracy or validity of the listing. This is done by sending a dispute letter to the credit bureaus.
Then the credit bureaus must investigate the listing. Expect some resistance from the credit bureaus you may need to mail the same letter two or three times.
Or you can hire a professional credit repair firm to dispute the listing on your behalf. I suggest if you only have one or two negative listings try disputing them yourself. If you have more negative listings then you should consider hiring a professional credit repair firm. - 2364
They will buy debt from other collection agencies, finance companies and banks. Then they outsource the actual collection effort to Resurgent Capital Services and a variety of other collection agencies.
Resurgent will try and collect payment on an account for LVNV Funding. However Resurgent also outsources some of their accounts to other collection agencies.
Accounts collected upon are often credit cards and other forms of unsecured debt. If LVNV is contacting you it is regarding a delinquent debt.
LVNV Funding uses credit reporting as a method to recover payment. They can and will create a negative mark on your credit report if they are unable to collect payment. They also can sell your account to another collection agency if they can not recover payment.
You could have multiple negative listings on your credit report from one account. If you have a charged off credit card you will have one negative mark from the bank the credit card was issued by, another from LVNV Funding and yet another if they sold your account to another collection agency.
This is why it is important to learn what is really shown on your credit report. You should know that just paying a bill from LVNV or any collection agency does not mean that they have to remove a negative mark from your credit report. So you can pay the bill and receive no benefit to your credit score.
Also LVNV will not be able to remove any other negative mark on your credit report regarding the account. So I strongly suggest getting in writing from LVNV that they will remove a negative mark from your credit report in exchange for your payment. Do this only if it is a valid and accurate debt.
If you have a mark from LVNV, the most effective method for removal is to dispute the listing. You will dispute the accuracy or validity of the listing. This is done by sending a dispute letter to the credit bureaus.
Then the credit bureaus must investigate the listing. Expect some resistance from the credit bureaus you may need to mail the same letter two or three times.
Or you can hire a professional credit repair firm to dispute the listing on your behalf. I suggest if you only have one or two negative listings try disputing them yourself. If you have more negative listings then you should consider hiring a professional credit repair firm. - 2364
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To learn more about how to remove lvnv funding from your credit report or to learn how you can proceed with an experian dispute visit us.
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