Willing To Know About Lvnv Funding? Read Here.
Do you have a poor credit rating due to LVNV Funding LLC ? Are settled debts still being listed in your credit report? Do you want to improve your credit rating? 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. 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. So what do you do in that case? Read on…
Capital management services, Resurgent capital, Astra, Ventra etc. are some of the associates of LVNV funding. Be on your guard if any of these names show up on your credit report. The junk debts these companies are trying to recover have often been previously settled or written off by the original creditor. 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.
If a debt has been previously settled the laws dictates that you don’t have to pay for it again, ever. The underhand recovery tactics used by LVNV funding are very irritating, so get ready to fight them or be harassed. 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.
Filed under: Financial Advice