Has your credit rating taken a hit due to LVNV Funding LLC? Are settled debts still being listed in your credit report? Has your credit rating fallen to an all time low? This article will attempt to provide some insights to help you deal with blood suckers like LVNV Funding LLC and their brethren.
Before we dive into the legal details, let’s get an overview of the credit passing game. LVNV funding and similar companies buy your debt from the original creditor and then try to recover the amount from you. The debts they buy are practically junk and are bought very cheap. Practically they are swindlers vying for your money. The harass you and threaten to sue you if you don’t pay up. Read on to find out what you should do to counteract them.
LVNV funding and its associates go by many names including Capital management services, Resurgent capital, Astra, Ventra etc. Be on your guard if any of these names show up on your credit report. Very often the debt they are trying to collect has either been settled or has been written off in case the company went bankrupt. Carefully research all claims made by LVNV Funding LLC or its associates. Find out if the claim is legitimate and whether or not the company is even entitled to collect the debt.
Never pay up a debt that you have previously settled, there are many laws that protect you against such fraudulent claims. Bear in mind that LVNV funding employs underhand and irritating tactics to recover a debt. Hire a legal advisor if things seem to go out of hand, many legal firms also provide free counsel. Don’t complain to the credit bureaus over the phone and don’t write frivolous dispute letters.
Correspond in writing and have your debt validated within the stipulated time. It helps to know your state’s legal statues dealing with debt. It is much more effective if your channel your dispute with collection and credit bureaus through legal advisors. The Lexington Law firm seems to excel in the debt removal and credit makeover business.
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