How To Beat Resurgent Capital Services And LVNV Funding

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george simon’s | July 27, 2022

If you’ve received a call from Resurgent Capital Services or LVNV Funding regarding a debt you allegedly owe, you always need to know how to respond. This article breaks down everything you need to know to beat these two debt collection agencies and secure a significant victory on your journey to debt-free living.

LVNV financing purchases delinquent or defaulting debt accounts from major banks and lenders such as Citibank, Best Egg, Capital One, SOFI, etc. After acquiring these debt accounts, they assign resurgent capital services to collect them. So, if your debt was sold to LVNV Funding, you likely received or have already received a call from Resurgent Capital Services to try to collect what you allegedly owe.

To beat the resurgence of LVNV financing and capital services, you’ll need to understand your rights as a presumed debtor. But before we even discuss that, let’s look at some of the things you shouldn’t do when contacting either of these two debt collection agencies.

what to do when contacting lvnv financing and resurgent capital services

send a debt validation letter

Some debt collectors may try to chase debts you don’t even know about. this could be a case of identity theft, mistaken identity, or even a resurrection of a previous debt. Whatever the reason, do not accept ownership of the debt unless there is sufficient evidence to show that you really do owe the stated amount.

As a presumed debtor, you have the right to request that the debt collection agency prove that you actually owe the debt. To do this, you must submit the request for debt validation in writing. do not submit this request verbally. This is because verbal requests may not carry weight in the event that a debt collection agency files a lawsuit against you. This type of request is known as a debt validation letter.

Many debt collectors simply give up after receiving a debt validation letter, and you can draft one with solosuit in minutes.

To preserve proof of the written request, use certified mail to send the request and retain a return receipt. It’s also important to note that debt collectors can no longer contact you about the debt unless they provide the evidence you’ve requested.

This graphic describes the timeline of a debt validation letter:

dispute the debt

When Resurgent Capital Services and LVNV Funding contact you about a debt you allegedly owe, they must also send you a written debt validation notice within five days of the initial contact. The notice must also state your right to dispute the validity of the debt within 30 days.

However, let’s assume that the initial communication was through a letter. In that case, the FDCPA allows Resurgent Capital Services and LVNV Funding, or any other collector, to include the Debt Validation Notice in the initial communication.

Ignoring the debt validation prompt will not magically make the debt go away. instead, it could complicate the entire process, for you. this is why.

If you don’t respond within 30 days of initial contact, the debt collector will assume the debt is valid. As a result, they may seek legal means to recover what you allegedly owe, even if it means filing a debt collection lawsuit against you.

If you are certain that the debt in question is invalid (ie, fraudulent, past the statute of limitations, wrong amount), you should dispute the debt immediately. this can prevent future lawsuits and collection attempts.

You may mail a dispute letter to lvnv funding llc c/o resurgent capital services at p.o. box 10497, greenville, sc 29603.

understand your rights as a consumer

As a consumer, you have rights protected by the Fair Debt Collection Practices Act (FDCPA). Therefore, if LVNV Financing and Resurgent Capital Services contact you about a debt you allegedly owe, you can ask them to:

stop contacting you

You can ask them to stop contacting you. however, you must submit this request in writing. the only other reason these debt collection companies may contact you is to inform you of the next course of action against you.

call you at specific times

Debt collectors can’t call you before 8 a.m. m. or after 9 p.m. m. If you want them to contact you at a specific time based on your schedule or other factors, you can let them know your preferred time.

stop calling your workplace

It is illegal for debt collectors to call you while you are at work, especially if they know or should know that your employer prohibits it. If they call you while you’re at work and your employer doesn’t allow such phone calls (or even if your schedule doesn’t), you can tell them to stop in writing.

respect your privacy

lvnv financing and resurgent capital services cannot discuss your debt with anyone other than you or your attorney. for example, they can’t call your boss to tell you how much you’re supposed to owe. however, they may contact your spouse, attorney, parent, or legal guardian if you are under 18 years of age.

tell the truth

Debt collectors cannot lie about anything related to your debt. Whether it’s about the actual amount of debt or the consequences of defaulting on debt, LVNV Financing and Resurgent Capital Services cannot lie to you or threaten you about debt. for example, they cannot threaten you with jail time or misrepresent information in order to recover the debt you allegedly owe.

choose what you want to pay

If you owe lvnv financing and resurgent capital services on more than one debt, you can choose which debt account you want to pay off. by doing so, they cannot use your payment to settle a debt you have disputed.

what to do if demanded by lvnv financing and resurgent capital services

In the unfortunate event that Resurgent Capital Services and LVNV Funding file a debt collection lawsuit against you, you still have options. in that case, you will be served with a summons and demand for debt collection. The first step to winning in court is to respond to the summons and complaint.

Failure to respond may lead the judge to enter a default judgment against you. capital services and lvnv financing resurfaced the legal right to collect debt through different processes, such as garnishment of your wages.

To avoid a default judgment, you must respond to the Summons and Complaint by filing a written response. Hiring an attorney to represent you can be difficult and expensive. solosuit can help you write your own answer in minutes, for free!

This flowchart briefly describes the different paths a debt claim can take:

solosuit can also file your answer on your behalf and even have an attorney review your case before filing.

the end result

Most debt collection companies, including venture capital services and lvnv financing, will attempt to resolve the debt problem with you rather than file a lawsuit. This is because lawsuits are stressful and time consuming. If they verify your debt, you can discuss a payment plan with the debt collection agency. however, if the matter goes to court, you should respond or seek help from solosuit if you are not sure where to start.

solosuit can help you file an answer in all 50 states.

what is solosuit?

solosuit makes it easy to respond to a debt collection lawsuit.

how it works: solosuit is a step-by-step web application that asks you all the questions needed to complete your answer. Once completed, you can print the completed forms and mail the hard copies to the court or you can pay SoloSuit to file for you and have an attorney review the document.

>>read fastcompany’s article: Debt Lawsuits Are Complicated: This Website Simplifies Your Navigation

>>read npr’s story on solosuit: a student solution to give utah’s debtors a fighting chance

how to respond to a debt collection summons in your state

here is a list of guides for other states.

all 50 states.

alabama
alaska
arizona
arkansas
california
colorado </li
connecticut
delaware
florida
georgia
hawaii
idaho
illinois
indiana
iowa
kansas
kentucky
louisiana
maine
maryland
massachusetts
michigan
minnesota
mississippi
missouri

montana
nebraska
nevada
new hampshire
new jersey
new mexico
new york
north carolina
north dakota
ohio
oklahoma
oregon
pennsylvania
rhode island
south carolina
south dakota
tennessee
texas
utah; file a motion to satisfy judgment
vermont
virginia
washington
west virginia
wisconsin </ li
wyoming

guides on how to beat all debt collectors

being sued by another debt collector? they were making guides on how to beat each one.

absolute resolutions investments llc
accredited collection services
alliance one
amcol clmbia
american recovery service
asset acceptance llc
asset recovery solutions
associated credit services
autovest llc
cach llc
cavalry spv i llc
cerastes llc
colinfobur
covington credit
crown asset management
ctc debt collector
cypress financial recoveries
delanor kemper & associates
ohio eagle loan
educap
wealth information services
fia card services
forster & garbus
freshview solutions
fulton friedman & gullace llp
crop credit management
howard lee schiff
hudson & keyse llc
integras capital recovery llc
javitch block
jefferson capital systems llc
lvnv financing
mannbracken
marine finance
medicredit
michael j adams pc
michael j scott
midland funding llc
mullooly, jeffrey, rooney & flynn
mountain land collection
mrs associates
national chartered trust
denationstar foreclosure
acquisition northstar capital
ncep llc
nrc collection agency
onemain financial
palisades collection llc
pallida llc
paragon income group
pinnacle collection agency
pmab llc
portfolio recovery associates
evidence law
pyod llc
meeting student loan finance corporation
revenue group
regents and associates
rsieh
salander enterprises llc
second round sub llc
security credit services
sherman financial group
suttell and hammer
t-mobile
transworld systems
tulsa teacher credit union
ucb collection
velo law office
velocity investments
group of waypoint resources
weinberg and associates
wolpoff & abramson

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How to Stop Wage Garnishment: Everything You Need to Know

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