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Has your credit rating taken a hit due to LVNV Funding LLC? Is you credit report showing old debt that you have already settled? 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.
To better understand how the debt game works, here’s a brief overview. Companies like LVNV funding are basically debt purchasers; they purchase your debt from the original creditors at low rates and then sue you for the money. The debts they buy are practically junk and are bought very cheap. They are actually trying to swindle you of your hard earned 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. Check out the legitimacy of the claim and if the company is legally 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 has expertise in debt removal and related cases and can help you improve your credit report.
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