LVNV Funding LLC: how to remove them from your credit report?
If you’re being sued by LVNV Funding LLC but don’t know who the company is, you’re not alone. Hundreds of Americans who have fallen behind their loan payments have been served notices by the debt collection company LVNV Funding LLC.
However, while being sued can be stressful and confusing, if you have a qualified and confident attorney by your side, you can rely on them to protect your rights and beat the debt collector in court. More information about LVNV Funding LLC.
If you’re looking for ways to remove LVNV Funding LLC from your credit report, here’s all you need to know about the process:
Is LVNV Funding LLC Legitimate?
While it may initially seem like LVNV Funding LLC is a scam, luring you into paying them a replacement for the defaulted loan, that’s rarely the case. Accredited by the Better Business Bureau in 2017, LVNV Funding LLC is a legitimate business that has been operating for over 15 years.
But you may wonder what does LVNC Funding do. Well, LVNC Funding LLC is a debt collection company that buys accounts in default. If you don’t know what that means, consider this: Suppose you had a credit card with a particular bank. However, you defaulted on the card and could never make the due payments.
A few weeks later, you receive a mail from LVNC Funding LLC threatening to sue you. Now, you have all the reason to be startled since you didn’t know that the company had bought your defaulted credit card account from the bank you owed money to.
A debt collection company like LVNC Funding LLC works by attempting to collect the credit card debt from defaulters and has the right to file a lawsuit against you. But that doesn’t mean they can win the lawsuit too. So how can you settle with LVNC Funding? Here’s how:
Steps to take if LVNV Funding LLC is suing you
LVNV Funding LLC doesn’t have the best reputation in the market. They’re known to prey on borrowers facing financial difficulties and struggling to make payments.
Hence, it’s best to reach out to an experienced and qualified attorney who is well-versed in dealing with LVNV Funding LLC to help you out. Your lawyer will suggest the best course of action to take and fight for your rights in court:
Get ready to take action
Don’t make the mistake of ignoring the notice served by the company. They’re waiting for you to not contest it so they can recover the debt you allegedly owed by receiving a default judgment against you. Will you really be surprised if we told you they win many of their cases using this tactic?
Understand the paperwork
It’s important that you know what you’re up against. However, navigating the legal jargon in the paperwork served to you will rarely be easy. Hence, it’s important to hire a debt defense lawyer who can help you make sense of it all.
File a written answer to the summons and complaint
Keep in mind that there’s a time limit to how late you can respond to the lawsuit. While it’s best to answer as soon as possible, you might end up making mistakes if you don’t know the best course of action to take.
An attorney can help you draft the best legal response to the lawsuit and help you avoid all the mistakes that DIY-ers make.
Answer any requests for additional information promptly
The initial response is usually followed by additional requests for documents and information. Make sure to answer these promptly as the judge might not be too pleased with you if you show tardiness.
It’s also helpful to know that you can also ask LVNV Funding LLC to provide any additional information your lawyer may need to strengthen your case. For example, you can ask them to provide proof that you owe them money they’re claiming you do that would justify any late fees or penalties added to the original amount.
Stop making payments if you have been making any
If the statute of limitations has expired, use it to your benefit and stop making any payments on your loan. However, if you continue to pay back the debt despite the expiry, you could be doing more harm than good for your case, as continuing payments could restart the clock on your statute of limitations.
Negotiate with LVNV Funding LLC
In some cases, LVNV Funding LLC may be willing to settle the case outside the courtroom. This could be a beneficial way for you to avoid the hassle of going to court and avoid being sued. Let your lawyer negotiate on your behalf and finalize the best terms for your case.
You can rely on the expertise of the attorney to find the best way out of the situation for you.
Reach out to a debt defense lawyer
Our team of skilled and experienced debt defense lawyers will fight your case in court if that’s where it’s headed and protect your rights. They’re also expert negotiators who can talk to the debt collection company to find a solution suitable for both of you.
So if you’ve just been served a notice by LVNV Funding and have no idea how to go about it, you’ve come to the right place. Call us today to speak to our experts and schedule a complimentary consultation.
We treat every case as unique and compassionate team of lawyers ensure to make you feel comfortable through this scary and often overwhelming process of fighting a lawsuit.
