LVNV Funding - How to Remove From Your Credit Report
LVNV Funding is an international and domestic collection agency. They buy debt and collect on it.
They’ll 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.
Most typical accounts are credit cards and unsecured debt. If you have or are being contacted by LVNV it is concerning a 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’re unable to recover payment.
So if you’ve 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 bureau.
This is why it pays off to do the research and learn what’s 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.
Furthermore they’ll be unable to remove any other negative listing made regarding the account by another collection bureau or lender. If the debt is valid and you do submit payment make sure to get in writing that LVNV will remove the negative mark on your credit report in exchange for your payment.
The best way to remove a mark from LVNV from your credit is to dispute the listing. This is done by sending a credit repair letter to the credit bureaus directly. In this letter you give the account details and explain why the account is invalid or inaccurate.
Then the credit bureaus must investigate the listing. Expect some resistance from the credit bureaus you may need to mail the same letter two or three times.
Another option is to hire a professional credit repair service. They will dispute your negative marks on your behalf. I suggest using a credit repair letter if you only have one of two negative marks. If you’ve many negative marks then you should think about hiring a credit repair service.