LVNV Funding is a collection agency with very unorthodox reporting practices. Debts that are not yours could be sold to this agency and placed on your credit report, solely for them to make money. Amounts can be inflated or padded, and are very hard to remove without legal help.
One of the first things you can do is write a dispute letter, a template of which is listed below. Write to the three major credit bureaus which report your credit status. They are Experian, Trans Union and Equifax. Always make copies of your correspondence and send it certified, return receipt.
This letter is being sent to you in response to a notice sent to me on <Month Day, Year>
Please be advised this notice is sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b) that your claim is disputed and validation is requested.
Please provide me with competent evidence that I have any legal obligation to pay you by answering the following:
• What the money you say I owe is for and how you calculated that figure
• Provide me with copies of any papers with my signature
• Documentation to prove the SOL has not expired on this account
• Show me that you are licensed to collect in my state.
• Provide me with your license numbers and Registered Agent
If you are not able to provide me with this information within 30 days, then you are committing fraud and I will bring legal action against you. If you produce documentation, then I will require 30 days to review it.
This is an attempt to correct your records if the information is wrong; any information obtained shall be used for that purpose.
Good luck and don’t get discouraged. They are counting on the fact that you might give up and just go away.
Already tried this? Here are some advanced debt negotiation strategies on removing LVNV Funding LLC from your credit report.