Finance Marketing Business

LVNV Funding is an international and domestic collection agency. They buy debt and collect on it.

They will buy debt from other collection agencies, finance companies and banks. Then they outsource the actual collection effort to Resurgent Capital Services and a variety of other collection agencies.

Resurgent performs the collections on behalf of LVNV Funding. However Resurgent outsources their collection work to other collection agencies.

Accounts collected upon are often credit cards and other forms of unsecured debt. If LVNV is contacting you it is regarding a delinquent debt.

LVNV has the authority to create a negative mark on your credit report. They also have the authority to sell your debt to another collection agency if they are unable to recover payment.

So if you have had a credit card that was charged off, it could be multiple negative listings. You could have one negative mark from the credit card issuer, another negative mark from LVNV Funding and another negative mark if they sold your account to another collection agency.

This is why it pays off to do the research and learn what is actually on your credit report. If you make payment to LVNV Funding or any collection agency they do not have to remove the negative listing that was created.

LVNV will not be able to delete any other negative mark regarding the delinquent debt that they did not create. In other words they will not be able to remove a mark created by the lender. I suggest getting in writing that the negative mark will be removed in exchange for your payment.

If you have a negative listing from LVNV and want to remove it, the most effective method is to dispute the credit bureaus directly. This is done with a credit repair letter, in which you state why the listing is inaccurate.

The credit bureaus will then perform an investigation into the disputed listing. You should be aware that the credit bureaus only spend money be conducting investigations. Thus they are resistant and you may have to send your letter multiple times.

Or you can hire a professional credit repair firm to dispute the listing on your behalf. I suggest if you only have one or two negative listings try disputing them yourself. If you have more negative listings then you should consider hiring a professional credit repair firm.

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