LVNV Funding Lawsuit: 3 Steps to Resolve It Fast

LVNV Funding is contacting you about a debt. You have no idea who they are. You’re not alone in this situation.

Many people who defaulted on credit card debt receive lawsuits from LVNV Funding. Getting sued feels confusing and stressful. But you still have options to resolve this.

Answer Your LVNV Funding Lawsuit Before the Deadline

You have 14-30 days to respond to LVNV Funding's lawsuit or face automatic judgment. Our partner Solo helps you create a proper Answer and file it with the court in minutes.

Respond to Lawsuit

You can work with LVNV Funding and settle your debt before court. Our partner Solo helps you respond quickly and protect your rights.

What Is LVNV Funding?

LVNV Funding LLC is a debt collection company. They buy defaulted accounts at discounted prices.

LVNV Funding purchases debt portfolios from companies like Capital One and Chase. They buy accounts that are in default from major banks.

Here’s how it works: You took out an Old Navy credit card through Synchrony Bank. You defaulted on payments. LVNV Funding purchased your account bundled with thousands of others. Now they’re attempting to collect from you directly.

That’s why you never heard of LVNV Funding before. Your original account was sold to them. Now they own the debt and want payment.

Is LVNV Funding Legitimate?

Yes, LVNV is a legitimate company. The Better Business Bureau accredited them in 2017. They’ve been in business for over 15 years.

But legitimate doesn’t mean ethical or consumer-friendly. LVNV Funding operates within a web of related companies. Their corporate structure is purposefully confusing to hide assets.

They’re a typical debt buyer that purchases debt in bulk. Industry insiders call them “junk debt buyers” because they buy old debts cheaply.

Follow These 3 Steps to Resolve Your LVNV Funding Lawsuit

You can resolve your debt lawsuit and avoid court. Here are three steps to take immediately.

Step 1: Answer the Lawsuit

File a written Answer to the Summons and Complaint. You typically have 14-30 days to respond, depending on your state.

Here are six tips for drafting the best Answer:

Keep your Answer short and factual
Deny allegations you cannot verify as true
Include affirmative defenses
Use standard court formatting
Include a certificate of service
Sign your Answer before filing

Don’t use your Answer to tell a long story. Simply admit or deny each numbered paragraph in the complaint.

Only admit what you know is absolutely true. LVNV Funding might claim they own your debt. Do you have proof of that? If not, deny it.

Watch for multiple allegations in one paragraph. Debt collectors try to get you to admit everything at once. Address each allegation separately.

Our partner Solo helps you create a proper Answer in minutes.

Step 2: Make an Offer to Settle Outside Court

Know the debt is valid? Consider settling outside of court.

Send LVNV Funding an offer to settle for less. You can offer a lump-sum payment for a portion of the debt. Or propose a monthly payment plan that fits your budget.

LVNV Funding usually accepts settlement offers. They bought your debt for pennies on the dollar. Even a low offer can generate profit for them.

Consumer rights attorneys know LVNV Funding accepts substantially reduced settlement amounts. They’d rather get something than spend money fighting you in court.

Step 3: Sign a Settlement Agreement and File It

Get your settlement agreement in writing. File it with the court to ensure no further legal action.

Your settlement agreement should include these elements:

The agreed settlement amount
Payment plan parameters and deadlines
Statement that the lawsuit will be dismissed after payment
Signatures from both parties

Fulfill your side of the agreement completely. Don’t fall behind on payments or face another lawsuit.

LVNV Funding Reviews Speak for Themselves

LVNV Funding has received hundreds of complaints on their BBB profile. Consumers consistently report FDCPA violations.

The company has a BBB rating of 1.13 out of 5 stars. Here are real consumer experiences:

One consumer set up a payment plan with LVNV Funding. The company stopped retrieving payments without notice. The consumer called 12 times and sent multiple emails. LVNV Funding ignored all contact attempts.
Susan G. was living on disability benefits when LVNV Funding contacted her. She explained they couldn’t garnish disability wages. LVNV Funding threatened to seize her car instead.
Jennifer L. received life threats from LVNV Funding in December 2020. They took her to court. She lost because the frightening contact scared her from responding.

LVNV Funding Contact Information

LVNV Funding is contacting you about an unfamiliar debt? Send them a Debt Validation Letter before they file suit.

Many debt collectors give up after receiving validation requests. Validation takes time, money, and resources. Sometimes they can’t validate the debt at all.

Use this contact information to request debt validation:

Physical Address: 55 Beattie Pl, Greenville, SC 29601
Mailing Address: PO Box 10497, Greenville, SC 29603
Phone Number: (888) 665-0374
Website: https://www.lvnvfunding.com

LVNV Funding Likely Cannot Prove Their Case

Getting served with a lawsuit makes you want to hide. Ignoring it feels easier than dealing with it.

But lawsuits don’t just disappear. Ignoring a lawsuit lets LVNV Funding get an easy judgment against you.

They can then garnish your wages and damage your credit further. But here’s the good news: Responding gives you a strong chance of winning.

LVNV Funding buys defaulted accounts in bulk. They’re dealing with thousands of accounts, not just yours.

You’d be surprised how little information they actually have. They often can’t prove they own your debt or that you owe it.

Just asking for proof often makes LVNV Funding drop the case entirely. That’s the outcome you want.

File Your Written Answer Immediately

Respond to the lawsuit by filing an Answer within the deadline. You typically have 14-30 days depending on your state.

Check your court Summons for the exact deadline. Missing this deadline means automatic judgment against you.

When drafting your Answer, remember these three critical tips:

Offer No More Details Than Necessary. Don’t tell a long story in your Answer. The court only wants to know if you admit or deny each paragraph. Simply state “admit” or “deny” for each numbered allegation.

Only Admit What You Know Is True. Don’t admit things you can’t verify. LVNV Funding might claim they own your debt. Do you actually know that’s true? Unless you have documentation proving it, deny that paragraph.

Watch for Multiple Allegations in One Paragraph. Debt collectors sometimes bundle multiple facts into one paragraph. They hope you’ll admit everything together. Don’t fall for this trap. Address each allegation separately, even if they’re in the same paragraph.

File your completed Answer with the court before the deadline. Our partner Solo can help you file properly and on time.

Junk debt buyers like LVNV Funding usually lack proper paperwork. Responding to the lawsuit often results in them dropping the case. You win, and the debt disappears forever.

Check for LVNV Funding Scams

Scammers sometimes impersonate LVNV Funding. This isn’t common, but you should stay alert.

Here’s how to spot a scammer:

Real LVNV Funding already has your information. Scammers ask for personal details like your address, Social Security Number, and account information.
Scammers refuse to answer questions about the debt they claim you owe.
Scammers can’t provide employee ID numbers or company information about LVNV Funding.

Never give out personal information to someone who calls you. Protect yourself by asking for the company address in writing.

Send a Debt Validation Letter to that address. Fake collectors can’t validate any debt and avoid providing real addresses.

Frequently Asked Questions

What is LVNV Funding and why are they contacting me?

LVNV Funding is a debt collection company that buys defaulted accounts in bulk from original creditors like Capital One, Chase, and Synchrony Bank. They purchased your old debt for pennies on the dollar and are now attempting to collect the full amount from you. You may not recognize them because they bought the debt from your original creditor.

How do I respond to an LVNV Funding lawsuit?

File a written Answer to the Summons and Complaint within 14-30 days (depending on your state). In your Answer, admit or deny each numbered paragraph in the complaint. Only admit facts you can verify as absolutely true. Deny allegations about LVNV Funding owning your debt unless you have documentation proving it. Include affirmative defenses and file your Answer with the court before the deadline.

Can I settle with LVNV Funding for less than I owe?

Yes, LVNV Funding typically accepts settlement offers for substantially less than the claimed debt amount. They bought your debt at a steep discount, so even a reduced settlement generates profit for them. You can offer a lump-sum payment or propose a monthly payment plan that fits your budget. Get any settlement agreement in writing and file it with the court.

What happens if I ignore an LVNV Funding lawsuit?

Ignoring the lawsuit allows LVNV Funding to get an automatic judgment against you. With a judgment, they can garnish your wages, freeze bank accounts, and further damage your credit score. Responding to the lawsuit is critical because LVNV Funding often cannot prove their case and will drop it if you challenge them properly.

How can I tell if LVNV Funding contact is a scam?

Real LVNV Funding representatives already have your information and won't ask for personal details like your Social Security Number. Scammers refuse to answer questions about the debt, can't provide employee ID numbers, and avoid giving company information. Never give personal information to someone who calls you. Instead, request their address in writing and send a Debt Validation Letter to verify legitimacy.

LVNV Funding Is Suing You: 3 Steps to Resolve It Fast