Remove LVNV Funding From Your Credit Report

LVNV Funding is a purchaser of debt. They purchase debt both domestically and internationally.
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.

Accounts collected upon are often credit cards and other forms of unsecured debt. If LVNV is contacting you it is regarding a delinquent 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.

LVNV will not be able to delete any other negative mark regarding the delinquent debt that they did not create. In other words they will not be able to remove a mark created by the lender. I suggest getting in writing that the negative mark will be removed 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.

Then the credit bureaus will conduct an investigation into the mark. However you should expect some resistance from the credit bureaus because it only costs them money to investigate disputes. So you may have to send your letter a few times.

The other option is to hire a credit repair service. They will perform the dispute process for you with the credit bureaus. If you only have one or two negative marks on your credit report then I suggest do it yourself credit repair. If you have many negative listing then consider a credit repair firm.