How to deal with LVNV Funding | DisputeBee
DisputeBee LogoDisputeBee LogoDisputeBee LogoDisputeBee Logo

How to deal with LVNV Funding

Updated December 16, 2019  ·  8 min read
How to deal with LVNV Funding
Written by:
Lee Schmidt, author
Lee Schmidt

Who exactly is LVNV Funding?

The company known as LVNV Funding LLC is a debt collection agency headquartered out of Las Vegas, Nevada.
LVNV specializes in purchasing debt throughout the United States and has become popular due to the large number of consumer complaints regarding their practices.
  Tip for Professionals
Specialized software like DisputeBee can automate the entire dispute process, helping you get quicker removals for your clients from collection agencies like LVNV Funding. Click here to create an account and get started today.

Is it possible to remove or delete collection accounts from LVNV Funding?

Yes, it is possible to remove collection accounts that appear from LVNV Funding or other collection agencies. Federal laws such as the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA) provide legal rights to consumers which include the right to challenge questionable, inaccurate, or unverifiable information on their credit reports.
By leveraging these laws, collection accounts can be removed from consumer credit reports by disputing the collection accounts with TransUnion, Experian, and Equifax. By law, these credit bureaus are required to investigate your dispute upon your request.
If your dispute is successful, the account will be removed from the credit report. Most professionals recommend disputing via snail mail (US Post Office) because it has the highest rate of success. This means you will need to send a physical dispute letter to both LVNV Funding as well as the credit bureau.

How do I start the dispute process?

Credit repair software like DisputeBee makes the process incredibly easy. You can import credit reports with one click, and generate carefully crafted dispute letters that are prepopulated with all necessary information such as the address of LVNV Funding, references to applicable laws, and all necessary personal information.
Here are the basic steps:
  1. Import a credit report (this will be for either yourself or your client)
  2. Select the relevant collection accounts, in this case from LVNV Funding
  3. At this point, dispute letters addressed to both LVNV Funding and all applicable credit bureaus will be automatically generated
  4. Download, print, and mail these letters (or mail them electronically with the click of a button if you are on the business plan)
To get started right away, create a DisputeBee account.

Other information about LVNV Funding

LVNV is known for filing law suits with inaccurate or incomplete evidence backing up their claims. In at least one instance in the case of LVNV Funding vs Hatzakis, the official judgement ended in favor of the consumer due to the fact that LVNV was unprepared for trial.
The strategy utilized by LVNV Funding is filing as many law suits against consumers as possible, in the hopes of winning default judgements in their favor. When a law suit is filed and a consumer does not respond, default judgement is awarded to LVNV Funding.

How does LVNV acquire accounts?

LVNV acquires debt by purchasing credit card debt, loan debt, and other types of defaulted financial accounts. Companies such as Chase Bank, Citibank, Capital One, or even Best Buy and Sears are companies that sell bad debt off to collection agencies when their customers stop making payments.
When this type of debt is sold to a collection agency such as LVNV Funding, they are sold for only a fraction of the amount the debt is worth. Sometimes debt that is even past the statute of limitations (which means it is no longer legally collectible) is sold.

Have you (or has your client) received phone calls from LVNV Funding?

A common collection tactic used by companies like LVNV is to make robocalls to their debtors all day long. This can be very annoying, and you do not have to put up with it.
Thankfully there are federal laws such as the Fair Debt Collection Practices Act (FDCPA) which protects consumers with legal rights such as the freedom from harrassing debt collection phone calls. According to the FTC, violations of the FDCPA by collection agencies are punishable by up to $1,000 per violation. Collection agencies are barred from:
  • Calling consumers before 8:00 am or after 9:00 pm in your local timezone
  • Making phone calls to your place of employment if you instruct them not to do so
  • Bypassing your attorney and calling you directly
  • Making any type of threats or using harrassing language such as insults or swearing
If you would like to stop receiving these types of phone calls from LVNV Funding, you can write a formal letter and instruct them to cease all phone contact with you and demand that all further contact is done via physical written mail. If they continue to contact your or your client by phone, you may be able to sue them.

What is the address for LVNV Funding?

LVNV Funding, LLC
625 Pilot Rd Ste 3,
Las Vegas, NV 89119-4485

What is the phone number for LVNV Funding?

It is never a good idea to call a debt collection agency such as LVNV by phone, but if you must, then the Better Business Bureau lists their phone number as (702) 692-4012.
Remember that any verbal agreement discussed over the phone is not legally binding unless a written and signed agreement is in place. Never agree to anything verbally, and always secure any terms of agreement in writing. This applies to all collection agencies, not just LVNV Funding.
Written by Lee Schmidt  ·  Updated December 16, 2019  ·  Published December 16, 2019