How to Remove LVNV Funding LLC from Your Credit Report

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Updated: 21st Nov 2020
Written by Drew Cheneler
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LVNV Funding LLC is one of the most aggressive debt collection agencies in the United States. More than likely, LVNV Funding appears on your credit report as a collections account.

This is not good. Unless properly removed, ‘collection accounts’ will damage your credit score significantly and will remain on your credit report for up to 7 years.

Find out right now, how to remove LVNV Funding LLC from your credit report.

What is LVNV Funding LLC?

LVNV Funding is one of the largest debt collectors in the United States. Founded in 1998, they operate coast-to-coast, collecting both international and consumer debt for a wide range of industries and clients.

With over 200 employees, they are headquartered in Greenville, South Carolina, and traditionally have annual revenues exceeding $50 million.

Is LVNV Funding LLC a Legitimate Company?

Yes! With over 20+ years of experience under their belt, LVNV Funding LLC is a legitimate company that can legally buy and sell consumer debt. As the owners of this ‘debt,’ it is within their rights to collect it and seek payment.

Unfortunately, LVNV Funding is notorious for filing lawsuits and suing consumers who owe them money. They may also appear on your credit report as:

  • LVNV Funding
  • LVNV Collections
  • LVNV Funding LLC Credit One Bank
  • LVNV
  • LVNVFunding

So, pay attention as we show you how to deal with LVNV Funding LLC and remove them from your credit report.

How to Remove LVNV Funding LLC from Your Credit Report

Before you remove LVNV Funding from your credit report, you need to become familiar with the Fair Credit Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).

Both laws were enacted to protect consumers, so use them to your advantage!

1. Seek Help from a Credit Repair Company

The quickest way to remove LVNV Funding from your credit report is by hiring a professional credit repair company. Credit Saint has removed thousands of collection accounts from credit reports, and LVNV Funding LLC is no different.

Furthermore, the best credit repair companies are also staffed with an in-house legal team that will ensure your rights are protected under the FDCPA and the FCRA. And they will provide you with expert level credit consultation, so you do not make the same mistake again.

So, if you are looking for a quick and easy way to remove LVNV Funding LLC from your credit report, seek professional help from a reputable credit repair firm.

Want to Learn More? Read our Credit Saint Review.

2. Validate the Debt

You still have options if you do not want to hire a professional to remove the negative item. This next strategy is time-sensitive and a bit more complicated, so pay attention.

After a debt collector contacts you about your debt, you have 30-days to request debt validation according to the FDCPA. To do this, submit a debt validation letter via certified mail to the debt collector.

If they cannot prove that this debt is yours, then they must remove the negative item. However, if LVNV Funding can prove that the debt is yours, then you have to pay them the debt and seek professional help to remove a collection account from your credit report.

3. Negotiate a Pay-for-Delete

If you are outside the 30-day window, then your next best bet is to negotiate a pay-for-delete. What this means is that you will agree to pay LVNV Funding LLC, if and only if, they remove the collection account from your credit report.

Make sure all correspondence is done through the mail and that the agreement is written out and signed by both parties.

This gives you leverage in case they do not hold up their end of the agreement, and you need to escalate the issue to the three credit bureaus or the Consumer Financial Protection Bureau (CFPB).

4. Ask for a Goodwill Deletion

Requesting a goodwill deletion works best if you already paid off the debt. A goodwill deletion is when a debt collector does you a favor and removes the collection account from your credit report.

It is entirely up to LVNV Funding LLC whether they want to honor the goodwill deletion or not. To request a goodwill deletion, write LVNV a goodwill letter pleading your case for paying off the debt late or for not paying off the debt.

While goodwill deletions are not common, people tend to find success if their case revolves around some sort of hardship or excruciating circumstance. For example, if you endured a family emergency or encountered a job layoff.

Whatever the reason is, make sure it is 100% honest. They may ask for supporting documentation.

Again, the best way to resolve this situation and to get LVNV Funding off your back is by hiring a professional to remove the negative item.

Can You Remove LVNV Funding Collection Accounts?

Yes, you can remove LVNV Funding collection accounts; however, it requires some work on your end.

Whether you request debt validation, hire a professional, or negotiate a pay-for-delete, make sure the collection account is removed from your credit report.

Should I Negotiate a Settlement or Pay LVNV Funding LLC?

Before you negotiate a settlement or pay LVNV Funding, you need to make sure they remove the collection account from your credit report.

Even if you pay LVNV, they may not remove the negative item, which is why it is essential to get your agreement in writing and signed by both parties.

Remember, a collection account can stay on your credit report for up to 7-years. This will damage your credit score severely unless it is successfully removed.

Will LVNV Funding File a Lawsuit or Sue Me?

Out of all the debt collection agencies, LVNV Funding LLC reigns supreme when it comes to filing lawsuits or suing consumers. Unfortunately, it is within their legal boundaries to do so since they own your debt.

Getting hit with a lawsuit is a scary and stressful experience. However, you can avoid this entirely if you work with a credit repair company, who will do everything in their power to protect you.

Like we said earlier, Credit Saint has successfully negotiated collection account removals with LVNV Funding.

How Does LVNV Funding Work?

Like most debt collection agencies, LVNV Funding LLC buys international and consumer debt from large corporations.

They buy portfolios of debt that includes various names, account numbers, debt totals, mailing addresses, phone numbers, and other variables that makes it easy for them to find consumers to prowl on.

They buy your debt for pennies on the dollars and then will do everything they can to make you pay the full amount.

This is how they turn a profit and why they are aggressive in their actions.

From routine phone calls to letters and even lawsuits, LVNV Funding wants to get paid. So, if LVNV is contacting you, do not wait around or expect them to stop.

Who Does LVNV Funding LLC Collect Debt For?

LVNV Funding collects for a wide range of industries. Here is who they primarily collect debt for:

  • Financial Institutions
  • Credit Card Companies
  • Store Cards
  • Other Debt Buyers
  • Banks
  • International Entities
  • Loan Providers

LVNV Funding Complaints

To no surprise, LVNV Funding LLC has over 5,000+ complaints filed with the CFPB and another 400+ filed with the Better Business Bureau (BBB). Consumers complain about their inaccurate reporting, failure to communicate, and aggressive actions.

This makes it that much more important to work with a professional and make sure all correspondence is done through certified mail, so you get a return receipt.

How to Deal with LVNV Funding LLC

Let’s face it. Dealing with debt collectors is a hassle and annoying. They continuously spam your phone, send you letters, and tend to threaten you with legal litigation.

As soon as they contact you, the best thing to do is to tell them they can no longer call you and that all future correspondence is to be done via mail.

Additionally, reiterate that they must follow all regulations outlined in the Fair Credit Debt Collection Practices Act (FDCPA). This act outlines what a debt collector can and cannot do.

The best thing to do when dealing with LVNV Funding LLC is to work with a credit repair company. They will handle all correspondence on your behalf and will successfully remove LVNV Funding from your credit report.

Act soon, so you mitigate the impact a collection account has on your credit score.

LVNV Funding Contact Information

  • Mailing Address: 9700 Bissonnet St #2000, Houston, TX 77036
  • Phone Number: (866) 464 – 1183

Wrapping Up: How to Remove LVNV Funding LLC from Your Credit Report

Follow the steps we outlined above to remove LVNV Funding from your credit report. These steps have been used countless times and are known to work.

The best thing you can do is to act quickly, find a solution that works for you, and press forward. The quicker you repair your credit the better. Removing LVNV Funding LLC from your credit report is easier than it seems. 

The quicker you get a collection account removed from your credit report, the better. This will mitigate the damage done to your credit score, and you can begin to improve your credit.

Remember, a good credit score will allow you to open up a checking account, apply for a credit card with sweet rewards, and refinance your loans for a better rate. Together, this will save you thousands of dollars and put you on a path towards financial freedom.

Bonus Insight: Other Debt Collection Agencies to Look out for:

Drew Cheneler
Drew Cheneler
Drew is a recognized Credit, Small Business, and Personal Finance Expert. He has been quoted in CNBC, Fox Business News Section, The Huffington Post, Business.com, Moneyunder30, US Chamber of Commerce, and more. He is known for breaking down complex personal finance topics into action-oriented advice, so you can make the most of your hard-earned money.