Q:

What is LVNV Funding LLC?

A:

Quick Answer

LVNV Funding LLC is a company that purchases bad debt from creditors in the United States and around the world. After acquiring the debt, LVNV pursues collection.

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Full Answer

Creditors who are unsuccessful at collecting money owed to them often sell the debt. The creditor receives only a small percentage of what is owed. LVNV does not pursue the collection of the debt, it outsources the collection.

Consumers may see LVNV on their credit report and try to contact the company concerning the collection. LVNV does not accept these inquiries; it sends consumers to the agency that is currently handling the collection.

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