How to Remove LVNV Funding From Your Credit Report
LVNV Funding buys debt. They do this internationally and domestically.
They purchase debt from finance companies, banks and other collection agencies. Then outsource the actual collections of an account to a number of agencies primarily Resurgent Capital Services.
Resurgent will do the actual collection of an account for LVNV Funding. However Resurgent also will outsource some of their collection work to other 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 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 is important to learn what is really shown on your credit report. You should know that just paying a bill from LVNV or any collection agency does not mean that they have to remove a negative mark from your credit report. So you can pay the bill and receive no benefit to your credit score.
Furthermore they will be unable to remove any other negative listing made regarding the account by another collection agency 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.
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.
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 have many negative marks then you should consider hiring a credit repair service.
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