subject: How To Beat Lvnv Funding? [print this page] You anxiously wish to throw away LVNV funding off your credit report, whenever it comes up and affects your credit reputation. LVNV Funding LLC is a collection agency that buys debts, that creditor were not able to get back from the borrowers. They do not work like a third party organizations - instead they buy the debt and become the main collector and take all rights of collection from the main creditor. Whenever you discover their name on your credit report, it indicates that they own the debt now that you were unable to pay back to your creditor.
There are many effective ways that can be placed in motion to begin the removal of LVNV funding from your credit reports. Many people become nervous and depressed when they are caught in such circumstances. The first step is to be positive and be prepared to deal with the situation.
If LVNV funding appears on your credit report after seven years 180 days, you must contact credit bureaus immediately and urge them to remove your listing as soon as possible. The things are with you at this end because you have authority at this point to sue collection agency which is a troublesome sign for Collector.
An important thing you need to look is the dates of Statute of Limitations (SOL). If it has expired then you do not need to get worry about LVNV funding at all, they do not have authority to take you to the courthouse. You would need to send a letter to Collection agency and warn them not to create any disturbance by contacting in future.
If you find the Statute of Limitations (SOL) has not expired, and you are not sure about the ownership of the debt, send them a letter to validate your debt. Once you get all the tests then you can negotiate the settlement agreement or conciliation agreement with the collection agency.
In cases where you think that you have already paid the debt, dispute the listing straight away. When you will dispute the items, collection agency will check with your original creditor to get a true picture of the story. You should also inform credit bureaus to replace your listing. You would need to hand in them the proofs of your payment. If you are unsuccessful to solve the matter yourself or it sounds difficult for you to manage the matter, you may hire any reputable law firm specialized in credit repair issues for your assistance.
