- Report: #190166
Complaint Review: LVNV Funding - Greenville South Carolina
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Author Confirmed
Why?
LVNV Funding
P.O. Box 10497 Greenville, 29603 South Carolina, U.S.A.
Phone:
866-464-1183
Web:
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LVNV Funding Ripoff Reporting negatively on my credit and refusing to help me proe this debt is not mine Greenville South Carolina
The SBA recently informed me of a negative report on my credit file by a company called LVNV Funding in excess of $ 5,000.00. I honestly thought it was some nursing program that had obviously made a mistake. I disputed the report with the 3 major reporting agencies.
I was told by all three agencies that the report was "verified" and would not be removed. So, I called the number for LVNV Funding that was listed on the report.
LVNV Funding told me they bought this debt from another company. When I asked them who they bought the debt from, they said they could not reveal their customers, but they would give me a list of companies and I could determine if I had ever had an account with any of these companies. And then I was told that it was up to me to proof that I did not have an account with them.
After more disputes through the credit reporting agencies, I was told again that the account had been "verified". And, finally after several months, Experian told me the company bought the debt from Compucredit.
When I called Compucredit by the numbers listed on their web site they wanted an account number or social security number. I had no account number, and they claimed they had no record of my social security number. So, I called the credit reporting services back. They told me I needed to get a letter from Compucredit stating this fact. When I called Compucredit again, I was transferred to someone named "Jay" in customer service. Jay asked me for my social security number, my current address, telephone number and my mother's maiden name. When he asked for my mother's maiden name, I asked him why he needed this information. He said he was "verifying" it with information in their files. I asked him how he could have information on me when I did not have an account with them, and when they previously told me they had no record with my social security number. Jay then told me they did have an account with my number and it was opened in 1999.
I have never opened an account with this company or with any of the credit card companies listed on their web site. (In fact, I have never had a credit card with a 4 or 6 thousand dollar limit, which is what they say I owed them. On 5/4/06 I (by certified mail) asked Compucredit to provide me with copies of this application, copies of any signed charges and a detailed list of any charges on this account.
I am 55 years old, and I cannot afford to hire an attorney, but this has been infuriating. I cannot understand how something like this can happen, and why the burden of proof is on me. How can something like this happen?
Linda
Beaumont, Texas
U.S.A.
I was told by all three agencies that the report was "verified" and would not be removed. So, I called the number for LVNV Funding that was listed on the report.
LVNV Funding told me they bought this debt from another company. When I asked them who they bought the debt from, they said they could not reveal their customers, but they would give me a list of companies and I could determine if I had ever had an account with any of these companies. And then I was told that it was up to me to proof that I did not have an account with them.
After more disputes through the credit reporting agencies, I was told again that the account had been "verified". And, finally after several months, Experian told me the company bought the debt from Compucredit.
When I called Compucredit by the numbers listed on their web site they wanted an account number or social security number. I had no account number, and they claimed they had no record of my social security number. So, I called the credit reporting services back. They told me I needed to get a letter from Compucredit stating this fact. When I called Compucredit again, I was transferred to someone named "Jay" in customer service. Jay asked me for my social security number, my current address, telephone number and my mother's maiden name. When he asked for my mother's maiden name, I asked him why he needed this information. He said he was "verifying" it with information in their files. I asked him how he could have information on me when I did not have an account with them, and when they previously told me they had no record with my social security number. Jay then told me they did have an account with my number and it was opened in 1999.
I have never opened an account with this company or with any of the credit card companies listed on their web site. (In fact, I have never had a credit card with a 4 or 6 thousand dollar limit, which is what they say I owed them. On 5/4/06 I (by certified mail) asked Compucredit to provide me with copies of this application, copies of any signed charges and a detailed list of any charges on this account.
I am 55 years old, and I cannot afford to hire an attorney, but this has been infuriating. I cannot understand how something like this can happen, and why the burden of proof is on me. How can something like this happen?
Linda
Beaumont, Texas
U.S.A.
2 Updates & Rebuttals
Steve
Bradenton,Florida,
U.S.A.
Linda, here's how you deal with LVNV..
#2Consumer Suggestion
Fri, May 05, 2006
Linda, LVNV is not only a debt collector, but are also junk debt buyers. They often buy files with no DOB or SS# and just target anyone with the same or similar name. However, since it is on your credit report, they obviously had your SS#. Anyway.. NEVER do anything on the phone. ALL correspondence MUST be by certified mail, return reciept requested. Be sure to put the certified# on the letter itself and keep a copy for your records. Send LVNV a REQUEST FOR DEBT VALIDATION by the means above. Specify that this debt is not yours and you need to see something you signed to create the alleged debt, as well as an account history. They have 30 days to prove it or remove it. Now, resend your dispute to all 3 credit bureaus by the means above and demand, as per your rights under the FCRA to see the source of said "verification". You are entitled to see whatever proof was offered in the verification process, as well as the name of the person who verified it. This is your right under federal law. Many items are never even verified as it costs a lot of money to do 100% verifications, and credit reporting is a high profit margin business. You are entitled to up to $1000 plus costs from each offender for violations of the FCRA and the FDCPA which you really need to read and print out for future reference. Now go to FTC.gov and file a complaint on LVNV and all 3 CB. Go to BudHibbs.com and read all about LVNV and affiliates. These are major offenders. Do a search here on Rip off Report to see how many complaints there are.
Steve
Bradenton,Florida,
U.S.A.
Linda, here's how you deal with LVNV..
#3Consumer Suggestion
Fri, May 05, 2006
Linda, LVNV is not only a debt collector, but are also junk debt buyers. They often buy files with no DOB or SS# and just target anyone with the same or similar name. However, since it is on your credit report, they obviously had your SS#. Anyway.. NEVER do anything on the phone. ALL correspondence MUST be by certified mail, return reciept requested. Be sure to put the certified# on the letter itself and keep a copy for your records. Send LVNV a REQUEST FOR DEBT VALIDATION by the means above. Specify that this debt is not yours and you need to see something you signed to create the alleged debt, as well as an account history. They have 30 days to prove it or remove it. Now, resend your dispute to all 3 credit bureaus by the means above and demand, as per your rights under the FCRA to see the source of said "verification". You are entitled to see whatever proof was offered in the verification process, as well as the name of the person who verified it. This is your right under federal law. Many items are never even verified as it costs a lot of money to do 100% verifications, and credit reporting is a high profit margin business. You are entitled to up to $1000 plus costs from each offender for violations of the FCRA and the FDCPA which you really need to read and print out for future reference. Now go to FTC.gov and file a complaint on LVNV and all 3 CB. Go to BudHibbs.com and read all about LVNV and affiliates. These are major offenders. Do a search here on Rip off Report to see how many complaints there are.
