Bank Horror Stories

I am in the military and was required to print an annual credit report in order to update my security clearance…upon doing so I found that LVNV is reporting a $917 collection account. LVNV has never contacted me and I was unaware of any delinquent accounts. In addition, I noticed that I have had inquiries from companies that I have not done business with. I have already faxed, emailed, and mailed a debt validation letter. I have also initiated a credit dispute with one of the credit bureau’s. Am I doing the right thing?

LVNV Funding are contacting me for a bill I don’t owe…..What I don’t understand is how they got my parents name and I haven’t lived with my parents for over 22 years and haven’t given their phone number to anyone in over 22 years. ..I know this for a fact. They just showed up on my credit report. I contacted them and asked why did I owe them and they sent 1 line. They purchased my debt from Consolidated and no other information. These people can tear down credit but I tell you, if I have to never ever get credit, it will just have to be that way, I ain’t paying no liars that the credit bureaus support and the republican government. I will never pay for something I don’t owe…They can keep their credit and shove it up their ass. Take a look at the trillions of dollars that Bush has got us into….Bush has got this country up to their eyeballs in debt to other countries and whose gonna have to pay for that……….WE ARE……working people………America is not a free country anymore or a land of oppurtunity. It is a republican drama role in which they scam to get wealthier and scam for worldwide power….Republicans never help their own country, but to tear us down and keep us that way. Whether you print this or not, I don’t give a f**k. But don’t ask for comments if you really don’t want them………..I say f**k LVNV.

recently filed complaint:

Federal Trade Comission

Office of the Arizona Attorney General

South Carolina Department of Consumer Affairs

Re: Consumer Complaints against LVNV Funding LLC, Resurgent Capital Services

Dear Sir, Madam;
Lvnv Funding is a debt buyer; a company which buys debts that are currently in default and are therefore subject to the FDCPA and the Arizona revised statutes regarding debt collection. Lvnv Funding purchases these debts, and reports to the CRA’s listing themselves as an “creditor’ or Factoring company, that the debt is an installment account past due; and dates the opening of the account to the date they purchased it, not the date the default started with the original creditor ( re-aging) The statement on their website ( attached) indicates that all collection activates are handled for them by Resurgent Capital services and the consumer is directed to contact Resurgent regarding any questions. This is in itself is a deceptive business practice; for it suggests that a consumer cannot contact them directly regarding verification or validation of this debt which is a right granted by Federal law.
I have been harrased by 3 separate collection agencies regarding an alleged debt owned by LVNV Funding LLC , yet I have not recieved any notification regarding this alleged debt directly from LVNV Funding, but instead a demand for payments from the following collectors; Central Credit Services of Florida, whom did not reply to my request for validation, then from Resurgent Capital Services of South Carolina, whom did not respond to my dispute & request for validation, and then from Weltman Weinberg & Reis, of Ohio, whom attempted to convince me that this was a different LVNV account than previously represented by the first two collectors.
When I recently obtained a copy of my Credit report, I found LVNV Funding LLC, of South Carolina was reporting to two of the major consumer reporting agencies; and that LVNV Funding of Texas was reporting to the third. Each report differed. Following my dispute of the reporting of this alleged debt with each of the CRA’s, the subscribers verified the information previously furnished as ‘accurate’ to each of the three consumer reporting agencies.
When researching LVNV Funding’s business addresses on the internet I accessed the registered agents listings, Better Business Bureau, and the various Corporation filings with the Secretary of States websites in each of the following states; South Carolina, Delaware, Arizona, Nevada and Texas, and gained the these confusing results;

BBB Website Search results;
LVNV Funding, LLC / Resurgent
P.O. Box 740281 (713) 784-4060
Houston, TX 77274

LVNV Funding, LLC / Resurgent
9700 Bissonnet Suite 2000 (713) 784-4060
Houston, TX 77036

Resurgent Capital Services LP
15 S. Main St
Ste 600
Greenville, SC. 29601

Registered Agent listing LVNV Funding, Nevada
Qualifying State; Delaware
Manager – KEVIN BRANIGAN
Address 1: 200 MEETING STREET ST 206
City: CHARLESTON State: SC
Zip Code: 29401
Status: Active
Above is the address for Sherman Capital Markets

Arizona Dept of Financial Institutions;
No results for LVNV Funding, or Weltman Weinberg & Ries
Resurgent Capital Services; lic # 905404

Registered Agent listing LVNV Funding, S.Carolina
C T CORP SYSTEM
75 BEATTIE PLACE
GREENVILLE, SC
SC
29601 000
status; Foreign state of incorporation; DE

https://sos-res.state.de.us/tin/controller
no address for LVNV Funding, but a RA
THE CORPORATION TRUST COMPANY
Address: 1209 ORANGE STREET
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (302)658-7581

None of these addresses are listed on the credit reports; there are only PO Boxes listed for LVNV Funding on the credit reports.
Neither the Texas Comptroller Corporation search or South Carolina Search of the Secretary of State website will return results for LVNV Fundng; they have not registered their company in these states, nor do they have a business lic for the state they have listed on the credit reports.

Addresses listed for LVNV Funding on the Credit reports are South Carolina and Texas PO Boxes only, any certified letters sent to Texas are rejected, marked “return to sender”

Not openly listing business addresses so that a consumer may contact & request verification and validation, sharing an office with an affiliated company, not registering a corporation in the same state listed on a credit report, not listing actual physical address on credit reports, not accepting certified letters sent to PO boxes, certainly seem like deceptive and dishonest business practice that causes injury to consumers.This deception causes a delay in a consumer’s ability to exert their rights in disputing reported debts. I wish to also point out that it is a violation of 15 USC § 1962e(14) for a debt collector to use any business, company, or organization name other than the true name of the debt collector’s business, company, or organization. LVNV Funding’s actions in this regard may likewise constitute a violation of 15 U.S.C. § 45(a) as a deceptive act in commerce. I would therefore request that your office investigate their business practices in this regard.

I am likewise and more immediately concerned about what I perceive to be numerous and willful violations of my consumer rights, afforded to me by the Arizona Revised statues, the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA), by LVNV Funding and Resurgent Capital Services, as follows:

1. LVNV Funding lists itself as a “factoring company” on my consumer report, when, in fact, LVNV Funding is not a factoring company. It is a violation of 15 USC § 1692e(2)(A) for a debt collector to misrepresent the character, amount or legal status of any debt. This would also appear to be a violation of 15 U.S.C. § 1681s-2(a)(1)(A), since LVNV Funding, in listing itself as a factoring company on my credit report, was reporting information it knew, or had reasonable cause to believe, was inaccurate.

2. LVNV Funding lists the terms of its account with me as “1 month” on consumer credit reports, when, in fact, no terms exist. Again, it is a violation of 15 USC § 1692e(2)(A) for a debt collector to misrepresent the character, amount or legal status of any debt. This also would also appear to be a violation of 15 U.S.C. § 1681s-2(a)(1)(A), since LVNV Funding, in listing on my credit report account terms of one (1) month, was reporting information it knew, or had reasonable cause to believe, was inaccurate.

3. LVNV Funding lists its account with me as “open” and “120 days past due” on my consumer report, when, in fact, they are also reporting the debt as a “charge off/collection” account in other places. Quite obviously, a debt cannot be both open and charged off at the same time. Again, it is a violation of 15 USC § 1692e(2)(A) for a debt collector to misrepresent the character, amount or legal status of any debt. Also, this would again appear to be a violation of 15 U.S.C. § 1681s-2(a)(1)(A), since LVNV Funding, in misrepresenting the account as open and 120 days past due, was reporting information it knew, or had reasonable cause to believe, was inaccurate.

4. After disputing verification and requesting Validation to Resurgent’s South Carloline office , the account was apparently transferred, absent any reply to me, to the Resurgent’s Texas office whom subcontracted collection to Weltman Weinberg & Reis. They did not stop collection efforts during a dispute period, and did not provide verification or validation of the alleged debt, nor provided any proof that LVNV Funding in fact owns this alleged debt.

Through the above referenced violations of my consumer rights and federal laws, I would suggest that LVNV Funding and its subsidiary company, Resurgent Capital Services whom subcontracts out collection efforts to firms not licensed in Arizona, have likewise violated the terms of licensure for collection agencies according to State law.

I am quite certain that these are not mistakes made by individual employees; complaints regarding LVNV Funding and Resurgent Capital Services are made in all major consumer internet discussion forms are exactly the same as listed here and appear to be indicative of repeated wilfull and intentional violations. Only a when a sophisticated consumer or an attorney manages to locate the comapny & challange these violations do they correct these “mistakes”; so their business practices seem to be designed to take unfair advantage of the ” unsophisticated consumer” which is the standard of the FDCPA.

I am quite certain I do not need to tell you that licensed businesses which engage in unscrupulous business practices serve to severely undermine the public’s faith in the integrity of commerce and goverment enforcement methods. I truly hope you will diligently investigate the business practices of these companies in the interests of justice for the citizens of the United States, The State of South Carolina, and of the great State of Arizona, and that your office will take appropriate measures to protect consumers.

If I can be of any assistance to you in this matter, please do not hesitate to contact me at your convenience.

Sincerely,

really pissed off consumer in arizona