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    What To Do If You See Lvnv Funding On Your Credit Report

    What To Do If You See Lvnv Funding On Your Credit Report

    In this world where you do not need physical cash to purchase any product or services, consumers often use credit cards for any financial transaction.

    While the transaction process is very efficient, paying your credit dues can be frustrating and overwhelming when you get your credit card report. Aside from annual fees, interests, or tips being charged to your credit card, the credit card jargon can indeed be overwhelming.

    One of the most frequent line items appearing on your card is LVNV. This article will help you understand what LVNV is, including what you can do if you see it on your credit report.

    LVNV Debunked

    In the world of credit cards, there are many fraudulent entities that can claim your credit card debt. This is the reason why as credit card consumers, you have to be financially-savvy in order to understand if transactions charged to your credit card are legitimate or a scam. The staff behind a collection agency named LVNV Funding explains how it works, including how to deal with LVNV if you see this lune in your credit report. Basically, LVNV Funding is a debt collection agency based in Las Vegas that buys debt from creditors all over the country. So when you see LVNV Funding on your credit report, it usually means you have a collections account with them. This happens after the company purchases your debt from your original lender or another debt collector.

    Can I remove LVNV in my credit report?

    The answer is yes, but you have to have adequate knowledge on how to remove it.  As a consumer, you have a right to dispute any inaccurate information from your credit reports. It is the responsibility of the original creditor or debt collector to provide timely, accurate information to the credit bureaus. If they cannot establish that the information they have about you is accurate, then they must remove the items from your credit report.

    That being said, most third-party debt collection agencies pin their hopes on targeting the uneducated consumer. If you don’t know your rights, you can easily find yourself with several collections and potentially even a default judgment against you.

    Understand the risks

    Thankfully, if you live in Los Angeles, you can get in touch with a credit repair lawyer and have them contest your credit card debt. Working with a good credit repair lawyer in Los Angeles will also save you so much time and headaches as they are the experts when it comes to matters of consumer law. Even if the LVNV Funding debt is removed from your credit report, they may still try to pursue you through the court system for payment. Having a lawyer on hand can help you navigate through these situations and protect yourself against any potential lawsuits.


    Protect Yourself!

    Fortunately, there are several simple ways to protect you. If you have collections from LVNV Funding LLC on your credit reports and you need to remove them, follow these five (5) steps:

    1. Debt Validation

    As a consumer, you have every right to request full debt validation and remember to do so in writing. LVNV Funding has a history of inaccurate and incomplete records when it comes to their debt collection practices. If they cannot prove that you owe the debt and that they have purchased the debt, they must remove the collection account from your credit reports. They have thirty (30) days to respond to your request for validation, and if they don’t, they must remove the negative information, regardless of whether or not the information is accurate.

    2. Check Disparities

    Review your credit reports for any other collection accounts, and keep an eye out for duplicates that could indicate the debt has been bought and sold multiple times. If you see several accounts from different companies, it’s a red flag and you’ll need to dispute the debt with each collection agency listed on your account.

    3. Check Responses

    Double-check any response you receive. Do the account numbers match up to your records and what LVNV Funding says you owe? Do the dates on the accounts match up? Are there other discrepancies? No error is too small to dispute.

    4. Document Disputes

    Put your dispute in writing. If LVNV is still insisting that the debt is valid, you’ll need to file a formal dispute with the credit bureaus, listing all of the relevant information you’ve found so far.

    5. Negotiate

    Be ready to negotiate. If the collection account remains on your files after a dispute, you still may have some leeway. Often times, these debts will be passed the statute of limitations to sue.

    In summary, the best way for you to be more aware of the charges to your credit card is for you to be financially-savvy and build financial acumen so you will not fall in the traps of fraudulent credit card debt collectors. If you still need help, it may be best for you to seek legal advice from a professional credit repair service or law firm. They can give you the peace of mind you need to move forward and get the best result.


    • Jon
      November 9, 2022

      If they do provide validation, they must send you proof that you owe the debt, including the amount of the debt, the name of the original creditor, and evidence that they have purchased the debt. If they cannot provide this information, they must remove the negative information from your credit reports.

    • Smarty Jeff
      November 9, 2022

      As I have noted, the best auto loans to sell are those that are classified as “performing.” Performing auto loans are car loans that are current and do not have any outstanding payments. Non-performing auto loans are loans in which the borrower has missed one or more payments.
      The main reason why you would want to sell your performing auto loans is to free up cash that you can use to fund new loans. This is especially important when the economy is in decline. If you are thinking about selling your auto loans, here are a few tips to help you get the best possible price:
      1. Make sure that your loans are classified as “performing.” As I noted above, performing loans will sell for a higher price than non-performing loans.
      2. Make sure that you have all of the necessary documentation. When you sell your loans, the buyer will want to see all of the documentation related to the loan
      3. Make sure that you are selling your loans to a reputable buyer. There are many companies that buy auto loans. Make sure that you are working with a company that has a good reputation. When not sure then simply follow the link
      By following these tips, you will be able to get the best possible price for your auto loans.

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