LVNV Funding LLC: What to do if you find them on your credit report

I'LL LIKE TO HEAR FROM YOU ,SO WE CAN MAKE ARRENGEMANTS TO PAY MINE DEBT.

Carlos, you would like to hear from who-LVNV, or the credit counselor?

We are not LVNV, but a site relating to people discussing and learning about debt and credit.

If you will scroll up and read alot of the posts, they are well known for dunning people that don't owe them, harassment, etc. I have been dealing with them for coming close to 2 years, and it hasn't been pretty!!

If you have further questions, please ask..karen :D

Update....
TransUnion has finished the investigation and the LVNV account has been REMOVED from my credit report!

Success!!!! **cheering**

This just goes to show that the advice on this thread pays off. I am just lucky I didn't have to sue (knocking on wood). Hopefully, they will stop all their efforts against me.

Thanks!

I have been paying close attention to my credit report lately and for the life of me I cannot figure out WHO this company (LVNV FUNDING LLC) IS...
or why they are SOOOO SCREWING WITH MY CREDIT.
I am about to come unglued, but determined to get to the bottom of this... Right now I am investigating AND VENTING...I CAN'T BELIEVE HOW MANY OF YOU ARE HAVING THE SAME PROBLEM...I WILL READ FURTHER IN THIS FORUM...PERHAPS SOMEONE HAS SOLVED THE MYSTERY!
I hope this reaches ANYONE who has had the same issue because it really affects your credit score...WE HAVE TO STOP THIS MADNESS...My personal credit is not that bad, these inquiries EVERY month have GOT TO STOP!!
SEND INPUT AND REPLY, I AM WAITING!!
Signed,
"Out there to work hard and do good"

YOUR HELP IS PRICELESS...I AM SO GOING AFTER THIS COMPANY BECAUSE I HAVE CHECKED AND I OWE THEM NOTHING...(MY SEARS ACCOUNT WAS CLOSED IN 1982, PAID IN FULL, I NOTICED SOME PEOPLE HAD PROBLEMS WITH THIS ISSUE, DO YOU KNOW OF THIS SAME CO IS ASSOCIATED WITH JC PENNEY?)

After disputing for a long time with a 3 agencies about LVNV Funding and another company Federal Pacific Credit. They are removed from Transunion. Wooo Hooo!!! Yippy. The bad news is that Federal Pacific is still calling after getting the boot saying they are going to report the debt to the IRS so i have to pay taxes on an unpaid debt that I paid for and have proof of paying in 2005. WTF!! What to do now? I am still anticipating removals from the other 2 credit bureaus. I already got a letter from Experian saying i didnt provide enough info on who i was. Go figure, I sent a 3 companies the same info but wasnt enough for 1 of the companies. Can collectors re-appear after getting deleted from your report? That would be illegal correct? :P :P

I can only write that letter to LVNV Funding if the previous debt is paid off right? I think mine is from a SEARS card, but the SEARS card still has a balance and is in collections. And then this LVNV is the same amount. So, I figure I can only write that letter to LVNV saying to get off my credit report if SEARS is already paid right?
And why is this balance listed on there twice? If it says I owe it to SEARS why is it listed with LVNV too?
thanks!

Well Fresh69, if you can prove that you paid for it in 05. Then you can help the IRS nail them for tax evasion and fraud. Not sure if there is anything else that can be added to that. Basically they are trying to defraud the IRS and evade paying a portion of their taxes by filing a false claim via bad debt.

Thanks JCEMT,
I just tracked down the collector who sold the account to the one mentioned above and they faxed me a copy of the debt sold to HAR. Well FEDPAC said that copy along with my bank statement in conjunction with one another is stil not enough to prove i paid the debt for them and said they are goig to report me to the IRS to pay taxes on an unpaid debt. What a crock and i contacted the Attorney general in NY where the debtor is located and unable to get a hold of the debtor i paid Originally. I hope this makes sense.

Contact the entity that you paid, get a paid in full letter, fax it to your current creditor. That should be proof enough. If they still threaten to file it with the IRS you can contact the IRS about it. Use the same documentation that you received (that they state wasn't good enough) as well as the paid in full letter that I suggested you obtain. You can use those as proof that they just provided false filing documentation, it will probably result in an audit of their company. :) That should be fun for them...

Well heres the hard part. The creditor that i paid is no longer in buisness due to its shady practices. They are on BBB 3 times under different addresses as bad buisness in NY. All available phone numbers for the buisness are disconnected.

That was me as guest above and i didnt sign it for quick response. OOps!

yes i have yall on my credit report as openin a account in mar of 07 but ive been in afghanistan since feb of 07 i want this off my report asap

Profanity deleted - Bossy4455

Demarcus- We are not LVNV.We are a forum and community dedicated to helping others with their debt and credit issues and to help with answers they may have.

You need to contact the Credit Reporting agency and dispute this.

Good Luck karen. :D

I had something from Lvnv also, and I called them to check it out. It was an old bill and I told them I had never had an account with the business, and they closed it right away and sent out a letter to the credit companies to remove it. No hassle. Kind of odd, but good.

That is odd-LVNV never validates fully or cooperates. If you can, get a copy of that letter, so they won't pass it to their one of many agencies..karen

Yes, very odd indeed!

I finally got LVNV off of one of my credit reports, and waiting to hear on the other two. I never received anything from LVNV regarding my request that they correct the information on an account settled and paid a few years ago, that LVNV was still showing as an open collections account on my credit report, with a delinquency date of this year! I informed them to correct these violations ASAP, but I was pretty sure they would not comply. So, I also filed a dispute with all 3 credit reporting agencies, on this, and several other discrepancies. So far, LVNV has been REMOVED from my Equifax report as a result of their investigation! It is a small step, but a step, none the less.

Good to hear Subigirl,
I too had LVNV removed from 1 of my reports. It was Transunion. Still awaiting an answer from the other 2 bureaus.

Ok well after getting LVNV Funding deleted from my Transunion report. I just got my letter from Equifax stating the item was verified and belongs to me as well as the other Federal Pacific Credit. I sent all the same info to all 3 Bureaus. LVNV didnt validate for me, and FEDPAC was paid. I sent proof for both. How is this possible? This is not right at all and how can companies get away with being "in bed" with the 3 Bureaus? Now i feel as if i am forced to go with a credit repair company like Lexington law. So either way i am havig to pay. Can or do the 3 credit bureaus share info with each other? I am so peaved! What to do?

Is there any other contact number for them besides the toll free number like a direct line?

the 866 number for this company has a recording that says this number is not alocated and the other number says it is not in service. lvnv is on my husband's credit report also.... as well is sears
the debt from sears is from 1994 but lvnv is listed as of 2004 so what to do now???

Delia,
Alot of us are in the same sitiation. Most of us have gone through the step in having LVNV verifiy that the own the debt. Most case are that they do not verify the debt. Like me. Now i sent this info to the Credit Bureaus. 1 has taken it off because they didnt verify the debt to me while the other 2 Equifax and Eqperian say LVNV has verified the debt to them. Im in AWE of how this can happen. I am stuck and dont know what to do myself except maybe hire a Credit repair agency. So either way it seems we get screwed. Just my 2cents!

So basically you guys are saying that there is no way of contacting these people about the negitive reporting, there has to be a direct line number for this company does anyone know it?

They probably purchased the debt from someone else. You owed someone the money, the lVNV purchased the debt. Most likely it is a valid debt.

i guess is something i lost track of but a officer brought by a court order today and i dont even know what is for

They served some papers to my moms home today saying that I am owed some money...a police came there and told my sister so...she called me way here in TX and he wanted to leave them with me, but left them there because I am so far away..after he leaves she reads that LVNV is giving me 30 days to pay for some credit card they say I owe on....I havent had a credit card in over 10 years..so even if I was naive enough in college to get the card ...it is tooo old for them to try to hold me to it...They are so dishonest...they should have just said what they were trying to do, so I could have told them right there that they arent getting JACK! My husband cleans credit for people in his spare time...so he knows exactly how to handle this..he once had a credit score in the lower 300's and is now in the 600's and when his student loans go into good standing in the next month...it will be even higher...so if anyone else needs assistance you can email me and see what you can arrange with him.

good qustion can you erase it out of your reprort after you pay it?
and what lvnv funding has to do with resurgent capital services

hi all
would the collection agency remove the negative score on your report after you pay them off,
and what resurgent capital service has to do with lvnv funding
thanks in advance

As to LVNV, Resurgent is one of their many DBAs-they pass it from one to another and don't expect them to validate or notify the credit reporting agencies.

Be sure you take notes, keep copies of all correspondence ,and send everything certified, return, receipt. They play dirty,so know your rights.

I have been dealing with them for about 2 years,they make promises they don't keep, so get it in writing--goood luck..KAren :D

My had this show up on his CBR and also recieved a phone call from a lawyer about a CITI Credit Card and he's never had the card before what should we do?

Check the first link in my signature for a debt validation letter template. Send it certified mail, return receipt requested. They have to validate before they can proceed with any further collection activity. Also dispute it with the credit reporting agencies to which they have filed with.

This company buys debts. Before they bid on a package of debts, they would run a credit check to see if they might get their money back. Possibly a Citibank Visa or mortgage is selling your debt to LVNV

Isn't it a FCRA violation to run a credit check before actually owning the debt?

I have never heard about them doing a credit check before they buy the bunles of debt--that would be alot of checks!! LVNV handles debt from alot of different places--they have many DBAs, also. In our legal new I have seen them take alot of people to court. Don't know if they won-can't imagine them winning as many violations as they break.

That's why it is so important to become educated in debt and your rights. I am not saying to not pay your debts-quite the opposite, just make sure that you are paying the correct person and the correct amount,..Karen

I like to keep it on my terms. I will pay what I owe, but I won't put myself in a position of financial hardship doing so. I will pay what I can afford to pay when I can.

Before I came to this forum, that's what I tried to do with LVNV-I wanted payments set up, they were very reasonable,etc- but no go. Now 2 years later I am here, found out that I have paid somewhere in the neighborhood of over 11-14 thousand on a $780. credit limit, and they have passed it around for 2 years now. If they would have gone with my terms 2 years ago, the stupid money they were wanting would have been paid off :lol:

WTF?! How did it get that high?

JCMET- It got that high because we were stupid!! We opened the account in 1984, or somewhere around there with a $780 credit limit. Fast forward, we just continue to pay on the cc, sometims late-so fees, interest adds up! We haven't even charged on it in probably 14 years, maybe more. I thought as long as they sent you a bill with a balance, you paid it-I qiestioned them many times with no luck-so stupidly we contined to pay- we may have even payed them more than that- makes me too sick to think about it :lol: karen

Any chance of getting some of that overage back, Bossy? That's a lotta bread to be out on account of their greed.

Yeah- tell me about it!! Unfortunately, this was all paid to the OC. But when I do the debt validation, I put theses fugures in and tell the CAs that I believe they owe me the extra since they bought the debt :lol: karen

I'd be interested to hear how that works out. Good luck.

Thaks Unc--they just stutter when I tell them that-slo that I had been paying on something for a quarter of a century :lol:

Well.... I guess you could start calling them 37 times a day and like that. Or maybe offer them a settlement where they give you maybe 80 percent to keep you from referring the matter to your legal department.

[BTW, Merry Christmas, Bossy!]

Thanks Unc!! That is too cool--I am going to talk with them and tell them I have a one time settlement offer and if they don't take it, I am downloading them :lol: And they have to send me the money with a personal check,nothing else :lol:

And when you're done with them, gimme a call. I'll give you three-tenths of a cent on the dollar for that old debt. I wanna get rich, too!

:lol: no joke!! I just noticed that there are over 19,000 people have looked at this thread-ought to tell you something about them!

They get really mad and say "we know you are debt educated" like they are saying I am a spy or something dirty :lol:

Quote:

OMG, you two are killing me! Too funny!

First off, Bossy4455, I'm just stunned a credit card balance of $780 got to almost $14,000. That's always been interesting to me, from having worked in banking and finance in that past, that a company gets so surprised that a debtor can not or will not bay off a bill that has been overly inflated by fees, like yours was. Seems like there should be some sort of limitation as to how large an outstanding balance on a bill can be jacked up to by an OC. I'm sure they do this, so when they write off the account to "Bad Debts Expense" it artifically inflates there "Net Income." The account has been inflated to multiple times what the original amount of the loan, or the line of credit was, so it's not like they actually loaned out the entire amount and lost it.

Too bad you've been paying on it all this time. If the SOL had run out, then you could have just told them you had payed more that enough, whever they called you attempting to collect on it.

For Pete's sake, make sure when you're collecting on the amount they owe you, you don't say you're going to send someone over there to "take care of them." I bet they would waste no time calling the Police on you for that one. Just stick to "downloading", like in "Tron."

I would, however, get an auto-dialer and have it call them over 100 times a day. I'm unemployed, I'd be willing to call them repeatedly, making collection attempts, for a small cut.

Just a thought. LOL!

[quote=UnemployedRon]First off, Bossy4455, I'm just stunned a credit card balance of $780 got to almost $14,000.[/quote]


What? Don't you think eighteen times the original debt is 'reasonable'?


[quote=UnemployedRon]Too bad you've been paying on it all this time. If the SOL had run out, then you could have just told them you had payed more that enough, whever they called you attempting to collect on it.[/quote]


I think the SoL would have run, but for her continuing payments. Still, 23 years oughtta be about long enough.


[quote=UnemployedRon]For Pete's sake, make sure when you're collecting on the amount they owe you, you don't say you're going to send someone over there to "take care of them." I bet they would waste no time calling the Police on you for that one. Just stick to "downloading", like in "Tron."[/quote]


Never, never, never, ever make any overt threat. Stick to an implied threat, it works better and is more fun. Years ago, when I was still in the Club, I'd occasionally stop by a place to settle some business or other while wearing my cut. It's amazing how polite and respectful most people become in a situation like that. I never took any crap, but I never said a word that might remotely be construed as threatening. I never had to.


[quote=UnemployedRon]I would, however, get an auto-dialer and have it call them over 100 times a day. I'm unemployed, I'd be willing to call them repeatedly, making collection attempts, for a small cut.[/quote]


Ya know, Ron... You can get a Unix autodialer for free on the 'Net. If you need help, I can set it up for ya. For a 'reasonable' fee, of course......

Hello everyone out there!!! :shock:
I was being suited by this company and as of this date 12/25/07 I have not been served. I went into the count records and they ask the judge if they could leave the papers with anyone at our address but no one has ever been here to do that and how do I know you ask well we have a camra and are able to view at any time and as of today one person has been here but never rang the door bell and so on. I know this has to do with Sears but the account is a SOL. I would love to go after them and wonder if I can. :oops: does anyone know? I am going to get into my creit repoet and work on getting them off (if it still shows them on it) This company will not get one red cent from me.
Good luck to anyone that is having problems with this company.