New Slimy Trick - LVNV & Equifax

[Anonymous]

I just found out that LVNV is NOW reporting to EQ every 90 days that I am current, then 90 days LATE - the person that told me this said this is the second time in a week she has seen this happen...Should I just use the report I receive from the lender and  SUE Equifax for false reporting as well as LVNV?????????????????

NEW NASTY TRIK!

[fishbjc]

I'll go with SUE.  

What's up with that? 

[granny031350]

help me understand how they report current 90 days and then 90 days late??  Did I miss something in the post?  Educate me please.

[Anonymous]

I'm not sure how they do it, I just got the copy of report, and I'm telling you what, I am hiring a lawyer and going after them.  They posted that I was 90 days late in Aug. 07, AFTER I've been to trial, and it isn't even scheduled to start again until end of April!  NOW, in Jan. 08, they report I'm 90 days late again - as I mentioned, I have NEVER made one payment to these clowns...this is something they BOUGHT from Providian!!

[Anonymous]

I am having the same issue with this company.  I faithfully pull my credit reports at least once a month to monitor what they are reporting.  Each time that I catch them I dispute, normally it is corrected but it's a headache.  Each time that I request my CR  I am printing a copy for my records and building my case.  In the near future, I will be suing them and my debt of $8000 will disappear.

 I actually had to contact my attorney again, she originally wrote a letter on my behalf.  She will be happy to hear the clowns are still at it...

[TryingVeryHard]

Maybe you should make your claim CLASS ACTION, lol. Get more people to support you.

[Anonymous]

I can't believe others have heard of this new trick...I am filing a complaint w/FTC and AG Office as well, but the worst part is I would NOT have known had the lender not pulled my credit.

This reporting does NOT show on my daily pull w/AMEX...thank GOD I have the proof, live & in Black & White...sure as ever, it is a FLAT OUT LIE that I am 90+ in Aug '07 and this month...

Doesn't Class Action take forever????? and the only thing that happens is the lawyers get the money?!  I'd love to get a ton of people against these clowns and shut them down.

Because they didn't totally WIN in Court, they screw up my credit and wreck things?

Thank goodness for these boards!  Because of everyone here, I learned about UTL, pd down & I hit 702 on one!!!!!!!!!!!!  I was so thrilled!!

BTW - I disputed this account again last Friday, and already rec'd a report from CSC, first that's odd, second, it states LVNV is reporting accurately - right, and they didn't CHANGE the other two things.  No way does a bureau act that fast!

Message Edited by beach123 on 01-29-2008 04:47 AM

[Anonymous]

who is LVNV?

NEVERMIND i JUST GOOGLED THEM.

If you do google LVNV you will find many complaints and some about litigation.  They are slimy and do illegal things evidently.  Check it out and you might find some satisfaction.

Message Edited by casinoannie97 on 01-29-2008 06:20 AM

[Anonymous]

LVNV Funding is a LLC that is a Junk Debt Buyer that then uses multiple partnerships to shield themselves from the actual Collection Agencies through  corporate bureaucracy.

From their home site:

'LVNV Funding purchases portfolios of both domestic (U.S.) and international consumer debt from credit grantors including banks, finance companies, and other debt buyers. As the new owner of any debt purchased from the original creditor or from another debt buyer, LVNV Funding’s name may appear on a customer’s credit bureau, or in a letter from a collection agency if the account is delinquent.

All capital markets and business development activities are handled internally, while the management of purchased assets is outsourced to a third-party specializing in the management of these types of consumer assets, Resurgent Capital Services LP (Resurgent). Resurgent is a manager and servicer of domestic and international consumer debt portfolios for credit grantors and debt buyers, and has been hired by LVNV Funding to perform these services on its behalf. Resurgent, a licensed debt collector, may perform these activities directly, or in many cases, will outsource the recovery activities to other specialized, licensed collection agencies. If you are a customer, please direct your inquiries to the firm currently working your account.

LVNV Funding is committed to maintaining the highest integrity in all of its activities, and to ensuring its customers are treated fairly and with respect.

If you are a customer and would like to speak to a representative of LVNV Funding about your account, please contact the Customer Service Department of Resurgent Capital Services LP (www.resurgent.com) at 888-665-0374.

© Copyright 2005 LVNV Funding LLC. All Rights Reserved.'

I recently had success against these 'Clowns' (Blood on the Clown Suits) by sending CMRR Debt Validation letters requesting full media disclosure.

I then copied each letter CMRR to each of the CRA's advising them specifically that these 'Clowns' had never satisfied the minimum legal requirements for Debt Validation and that their reportings over the years had been very inconsistant.

I further added a personal letter to each individual CRA's that stated that I understood that they were only reporting what LVNV replied back to them but that this also made them liable for LVNV's mis-reporting. Additionally it appeared that LVNV had purchased the Debt and were only verifying the entries in their Data Base which does not satisfy the Debt Validation.

All are now dropped from the CRA's.

Please check the SOL's before trying the above reverse strong-armed approach.

[Anonymous]

My new lawyer is very interested in the case as he doesn't believe if Providian "charged-off" that LVNV can come back a year later...DAH!  but they do...faxing him all my stuff - told him I want to go for the SKY - $1M for each of the past two years they have reported crap!