LVNV Funding – The United States Government has specifically created laws that help consumers to improve their overall credit rating. If you are interested in fixing your credit problems right now, and don’t have time to become a credit repair expert, please feel free to read the questions that are listed below.
If LVNV Funding has been listed on your credit report, and you are interested in having it removed, the following information can help.
The FDCPA: Delete LVNV Funding or get $1,000!
Q: Can Lexington Law actually work to remove debts from my credit report?
A: Not only is it possible, but it’s easier than you might think. For a FREE consultation, give us a call at our toll free number: 1-877-679-3877
Q: How can I delete a debt using the Statute of Limitations?
A: According to the Statute of Limitations, a collection agency only has a certain number of years to file a lawsuit against you for an unsettled debt. After that time-limit, the unpaid debt becomes what is known as “time barred“, which means the consumer does NOT have to pay the debt back. The time barred debt MUST also be deleted from the collection agency’s records.
Collection agencies are not allowed to file suit against a consumer based on a time barred debt; so, if they tried to sue, the consumer has the right to have the case thrown out on the grounds that the Statute of Limitations had expired. The Statute of Limitations begins once a debt goes into default. Every state has it’s own Statute of Limitations, so be sure to find out what the time-limit is for your state.
Q: Is it true that the FDCPA can remove your debts & get me $1,000?
A: Yes. The Fair Debt Collection Practices Act’s sole purpose is to protect consumers from collection agencies that use dirty tactics to get consumers to pay them. Under the Fair Debt Collection Practices Act, consumers can dispute inaccurate debts through a process known as Debt Validation.
If you have discovered that LVNV Funding is listed on your credit report, and you don’t know if this debt is legitimate, it’s a good idea to request a debt validation. If a collection agency is unable to validate a debt, it is an FDCPA violation; and as a result, the collection agency is required to delete the debt from all of your credit reports.
Also, the collection agency must immediately stop reporting negative information to credit bureaus. According to the FDCPA, consumers also have the right to stop collection agencies from harassing them by sending a written “cease and desist” letter to end all collection efforts.
Consumers may be able to receive up to $1,000 (plus legal fees) if a collection agency violates the FDCPA. Since most collection agencies want to avoid fines, the FDCPA is one of the best ways to eliminate negative items from a credit report quickly.
Here’s a list of ways a collection agency can violate the FDCPA:
- Making collection calls between 9 pm and 8 am.
- Using threatening or profane language during communications with consumers about unpaid debts.
- Calling consumers’ workplace after being informed that this means of communication is unacceptable.
- Making calls to consumers even after a request for a debt validation has been made.
- Making calls to consumers after a written cease and desist request has been received by the collection agency.
- Making any threats of any kind to the consumer.
To get your complete listing of FDCPA violations, give Lexington Law a call. You can get a FREE consultation by calling toll free: 1-877-679-3877
If LVNV Funding Violate the FCRA You Get $1000!
Q: How can the FCRA delete a debt or get me $1000?
A: The Fair Credit Reporting Act is a law that gives consumers the right to contact the three main credit bureaus and request the deletion of debt items that negatively impact their credit score.
If a consumer is positive that a debt erroneously appeared on their credit report, whether the debt is unverifiable, misleading, incomplete or if the credit bureaus have taken over 30 days to complete a dispute, the FCRA states that the debt item must be deleted.
The FCRA also states that credit bureaus can only report negative items on your credit report for up to seven years, or 10 years for negative items that are related to a bankruptcy. During this time, though, consumers STILL have the right to have negative items deleted. If credit reports contain debt items for more than seven years, it is against the law, and the FCRA states that it must be deleted.
FACT: A consumer can collect $1,000 in damages (plus legal fees) when a credit bureau violates the FCRA.
Q: How do I use FCRA to delete negative items?
A: If you have an inaccurate debt from a collection agency that you had already disputed with the credit bureau, and you’re not satisfied with their method of verification, you can have that debt item deleted from your credit reports; or you can choose to file suit against the credit bureau, and charge them with willful non-compliance.
A credit bureau that is found guilty of this action, may be ordered to pay the consumer $1,000 in damages, in addition to legal fees.
Here are the steps:
- Dispute the debt found on your credit report.
- If the item is verified, call credit bureau toll free number (listed on the report), and make sure you have your reference number (also listed on the report).
- Ask the credit bureau’s customer service representative for the method of verification (for the debt item), citing FCRA Section 611(a)(7).
- Since credit bureaus use an automated verification process, they don’t call the original creditors to verify a debt. If the bureau cannot provide written evidence that they made a phone call to the original creditor of the debt, you should ask for the phone number of the originating creditor.
- Call the original creditor and request written records of the debt.
Sometimes, the original creditor has no records of the debt, in which case, it is up to you to let the credit bureau know that there is no record of the original debt. To do this, open another debt dispute, and make sure you have the phone number and names of the people that you spoke with at the originating creditor company; you will include this new information in your new dispute.
If the original creditor claims that LVNV Funding has the records of the debt, be sure to get collection agency’s direct contact information. If the collection agency does not hand over the records, let them know that you have a right to obtain the records them under the new FACTA act. When you receive your records, look them over for any incorrect information. If you find that your records contain errors, call the credit bureau again and open another dispute. In this one, you will include the records that you obtained from the original debtor (or the collection agency).
REMEMBER: If a credit bureau is reporting a debt for longer than seven years it is in violation of the FCRA, and you may collect $1,000, and legal fees.
LVNV Funding Debt Must Be Deleted Once It Expires!
Q: Are there other laws that can help consumers delete a debt?
A: Yes, there are many other laws that can help consumers delete debt items, but the wide range of laws available to you are beyond the scope of this one site. If this site has not provided you with the info you needed to delete debt items off of your credit report, contact Lexington Law to determine which laws will be a better fit for your situation.
Lexington Law will size up your circumstances & point you toward specific laws that can quickly clean up any credit issues you may have with a collection agency. Call toll free for a FREE consultation: 1-877-679-3877
Here’s some other tips:
- The law is on your side. The Fair Debt Collection Practices Act (FDCPA) was designed especially to protect consumers from inaccurate debt items.
- Credit repair is much faster (and easier) than you think it is.
- If LVNV Funding contacts you regarding old debts, NEVER admit that it is yours, or accept any payment terms. If you do, the Statute of Limitations will start over again, and the collection agency will be able to sue you.
- If you are trying to negotiate with LVNV Funding, and resolve a debt item on your own, be sure to get all agreements in writing.
- If LVNV Funding sues you over a time barred debt, seek the appropriate legal counsel, so they can help you get the lawsuit dropped on grounds that the Statute of Limitations had expired.
- If LVNV Funding harasses you, and you feel that your rights are being violated, you can charge them with intentional infliction of emotions, and collect monetary damages and legal fees.
- If you ever need FREE legal help, contact Lexington Law.
To learn more about the Fair Debt Collection Practices Act, other ways to delete LVNV Funding debt from your credit reports or the Statute of Limitations in your state, click here for our FREE eBook now!