Q:

What is LVNV Funding?

A:

Quick Answer

LVNV Funding LLC is a debt collection company that purchases debt from credit grantors (like banks) and other credit owners, and then tries to recover the debt. LVNV Funding is part of Resurgent Capital Services LP, a debt collection and management group.

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Full Answer

Some debt relief experts advise debtors to consider their credit goals before repaying debt taken on by LVNV Funding and other debt collectors. Debtors should check whether their debts have expired past the statute of limitations in their state to confirm if they have a legal obligation to pay. The Federal Trade Commission protects the legal rights of debtors from being violated by debt collection agencies.

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