LVNV Funding‘s sole business is purchasing debt from original creditors. The original creditor – like a bank or a finance company – writes off the debt as uncollectable, and then sells it to LVNV Funding LLC. This type of company is known as a debt buyer LVNV Funding doesn’t actually collect the debt; instead, they outsource it to a debt collection agency. They typically outsource it to Resurgent Capital Services, which in turn may outsource it to another collection agency. However, the LVNV Funding name may well show up on your credit report.
LVNV Funding Complaints
The Better Business Bureau says that “LVNV Funding, LLC” and “LVNV, Inc.” are alternate business names for Resurgent Capital Services. So, when it comes to LVNV Funding complaints, it’s next to impossible to separate them from those that the BBB has logged for Resurgent Capital Services. As of June 2013, Resurgent had managed to rack up an astounding 1,645 closed BBB complaints within the previous three yeas, including 1,060 closed complaints within the previous 12 months. Equally astounding is the BBB’s granting Resurgent an A+ rating.
A quick look at the Justia database does reveal quite a number of LVNV Funding lawsuits. In May 2013 alone, there were eight LVNV Funding lawsuits filed in federal court alleging violations of the Fair Debt Collection Practices Act.
Stop Debt Collector Harassment
If you want to stop debt collector harassment, you first have to know who you’re dealing with. One thing that many consumers don’t realize is that debt collection agents must always disclose who they are when they call you. The FDCPA states that, “A debt collector may not use any false, deceptive, or misleading representation or means in connection with the collection of any debt.” That doesn’t mean collectors won’t try to hide, or leave messages without identifying themselves that ask you to call regarding a “very important legal matter.” It can be very difficult to determine whether the person you’re speaking to is from a debt collection agency, but is posing as someone else.
Whether a debt collector contacts you in writing or by phone, they must be upfront and announce who they are and inform you that they are attempting to contact you regarding a debt. Yet one of collectors’ favorite tactics is for the collector to claim that he’s an attorney and can sue you. A debt collector can seek the representation of an attorney, and can sue you for non-payment, but it is illegal for debt collectors from to pretend they are lawyers when they are not. Sometimes, though, the person calling may be an attorney.
LVNV Funding Contact Information
12650 Ingenuity Drive
Orlando, FL 32878
LVNV Phone Number: 888-665-0374
Lemberg & Associates’ team
of consumer attorneys is highly
skilled and ready to help you
with debt collector abuse.
If you have been the victim of harassment or illegal or unfair debt collection practices, Lemberg & Associates will discuss your options with you and protect your rights. For more information, contact Lemberg & Associates today at .
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