Debts that are not yours could be sold to LVNV Funding, which is a collection agency with questionable business practices. They are very unorthodox and place erroneous debts on credit reports solely as a way to make money. The amounts are usually inflated or padded so they make a profit, and are difficult to remove without legal help.

There are things you can do to protect yourself. One of the first things you should do is send them a Debt Validation letter. This letter should be sent certified mail, return receipt requested. Demand information concerning this debt as is your right pursuant to under the Fair Credit Reporting Act (FCRA), where these collection agencies have to follow certain guidelines and code of conduct. You have the right to demand this.

Put the following information in your letter to LVNV Funding and demand answers: What is the total amount of the debt and what calculations did they use. This will show additional fees or penalites as well as inflated amounts. Proof the statute of limitations has not expired and contract where you agreed to pay the debt. Also, where are they licensed and do they have the authority to collect in your state.

Send your letter all three credit reporting agencies as well, also certified mail with return receipt requested. Tell them the collection agency is violating your rights by listing an inaccurate or erroneous account, and to correct or delete this entry on your credit report. Ask that if the debt is deleted that they will not allow the collection agency to reapply for collection.

LVNV Funding will try to reapply the erroneous information to your credit report, even after having the judgment or debt removed legally by a court of law. They will not stop. Protect yourself as much as you can from this agency. One way is to check your credit report as often as you can.

How I Stopped Lvnv Funding llc, Fixed my Bad Credit, and Raised my Credit Score up to 763. www.lvnvfundingcollection.com

Technorati Tags: collection agencies, Credit Reports, debt validation, letters to debtors