Has LVNV Funding Contacted You about a Debt?
If LVNV Funding has contacted you regarding a debt, you may find yourself confused as to who exactly they are. This company is one of the largest debt collection agencies in the world. They specialize in purchasing debt from creditors who have given up on collecting from consumers. LVNV Funding then assumes ownership over this “charged-off” debt and begins their own collection attempts.
They typically work with another company, Resurgent Capital Services, who is actually responsible for attempting to collect on these charged-off accounts. It’s important not to ignore these debt collection attempts, especially if LVNV ends up filing a debt collection lawsuit against you. Ignoring service of a lawsuit in this type of case could result in a default judgment being rendered against you by a judge.
Of course, this doesn’t mean that you don’t have potential relief options to pursue. Consumer protection laws exist to help protect you from being harassed by overly aggressive debt collection agencies. An experienced debt collection attorney can help you understand your rights and may be able to help you end aggressive collection efforts while you work on negotiating the debt.
What Are Your Options after LVNV Funding Contacts You?
Under the Fair Debt Collection Practices Act (the FDCPA), one important right you possess is requesting that LVNV Funding and/or Resurgent Capital Services verify the debt they claim you owe. The FDCPA requires them to offer a written validation letter that establishes exactly what the debt consists of, how much they claim you owe, and other relevant information regarding their claims. In other words, a collection agency can’t just claim you owe money without backing up that statement in writing.
Another important step is to ensure that you fully understand your rights under consumer protection laws. Consulting with an experienced debt settlement attorney can help you arm yourself with the knowledge you need. At McCarthy Law, our debt attorneys have been helping clients negotiate debt settlements or defend themselves against debt collection lawsuits for decades.
It can be scary to have a company like LVNV Funding contact you regarding debt collection. Having an experienced lawyer explaining all of your legal rights can help ensure you fully understand all your options. We may be able to help you negotiate a much lower debt settlement amount with LVNV Funding. If that’s not possible, and they file a lawsuit against you, we can help you prepare a vigorous legal strategy against their claims.
Acting quickly rather than delaying response to a creditor’s debt collection efforts is typically in your best interests. This is especially the case if a debt collection lawsuit has already been filed against you. Consulting with an experienced debt attorney may be your next best option.
Contact the Debt Settlement Lawyers at McCarthy Law
Our debt settlement attorneys with McCarthy Law know just how intimidating it can be to have debt collection agencies contacting you at all hours of the day. We offer free consultations to consumers who wish to learn more about their legal rights in the wake of debt collection efforts or if they’ve been served with a debt lawsuit. Contact us by calling (855) 976-5777 or online to schedule a free meeting and find out more.