LVNV Funding LLC
Reportedly a subsidiary of Sherman Financial Group LLC, LVNV Funding LLC is a collection agency that purchases portfolios of both domestic and international consumer debt. LVNV Funding LLC is known to purchase debt from credit grantors including banks, finance companies, and other debt buyers. As the new owner of any debt purchased from the original creditor or from another debt buyer, LVNV Funding LLC gains all rights under the original contract. That means that when in comes to collecting the debt, LVNV Funding LLC will have the same rights as the original creditor. For this reason, LVNV Funding LLC may appear on a consumer's credit report in place of the original creditor. In an attempt to collect debt, LVNV Funding LLC is commonly known to use very aggressive collections techniques. LVNV Funding LLC is known to use techniques like repetitive phone calls, collection letters and placing derogatory information on the consumer's credit file.
Federal law grants collection agencies, to include LVNV Funding LLC, the ability to place derogatory marks on consumer's credit report which may damage your credit score, thus preventing lenders from approving individuals, like you, for new credit. Consequently, with low credit scores, you may be approved for financing, but you should expect to be offered fairly high interest rates. Among additional laws, the Consumer Credit Protection Act authorizes the consumer to dispute, and potentially eradicate derogatory items such as charge offs and collection agency marks from your credit report.
I had an abundance of collection accounts, late payments, tax and civil liens being reported on my personal credit file that were damaging my credit score and affecting my ability to obtain credit. Deciding it was time to do something about it, I attempted to perform credit repair myself by contacting collection agencies to include LVNV Funding LLC in an attempt to negotiate some kind of arrangement with them. I wanted to remove the negative collection account information LVNV Funding LLC had placed on my credit report. Dealing with all of the collection agencies like LVNV Funding LLC was more bothersome and time consuming than I could have possibly imagined but even worse, none of the collection agencies were willing to work with me and continued to report the damaging information to the credit bureaus. I thought credit repair was going to be easy. I quickly learned different.
I needed results and didn't have the patience or hundreds of hours it was going to take so I contacted Credit Restoration Bureau. They immediately began working to repair my credit by taking a professional approach at removing all of the negative information on my credit report, to include the collection agency marks placed on my credit file by LVNV Funding LLC. Credit Restoration Bureau was able to raise my credit score by deleting various types of derogatory items from my consumer credit file such as late payments and various collection accounts (see the letter below). Some of the collection accounts deleted were placed on my credit report by LVNV Funding LLC. Working with Credit Restoration Bureau was a much more pleasant and worry free experience than I could have hoped for. Each time I received an update from Credit Restoration Bureau, I was delighted to see they were continuing to have a positive effect on my credit score. By the time Credit Restoration Bureau was finished, my scores had all gone up approximately 150 points, I was no longer being harassed by collection agencies like LVNV Funding LLC, and I was in the 700s. They had truly given me a fresh start.
Here is one of the update letters I received from the credit bureaus. This one is from Equifax and shows the deletion of a collection account placed on my credit report by LVNV Funding LLC.
Here is another one of the update letters I received from the credit bureaus. This one is from TransUnion and shows the deletion of three items from my credit report. One of the items deleted by TranUnion was a collection account placed on my credit report by LVNV Funding LLC.
Credit Restoration Bureau was amazing and I would reccomend them to anyone struggling with bad credit or being harassed by collection agencies like LVNV Funding LLC. Credit Restoration Bureau specializes in the removal of all types of derogatory credit itmes to include: collection agency marks, charged off accounts, bankruptcies, and more. If you're having problems with LVNV Funding LLC or have negative information on your personal credit report that nned help with, you should talk to professionals that specialize in credit repair. You should call Credit Restoration Bureau or click their link below.
