LVNV Funding is an international and domestic collection agency. They buy debt and collect on it.

They will buy debt from other collection agencies, finance companies and banks. Then they outsource the actual collection effort to Resurgent Capital Services and a variety of other collection agencies.

Resurgent performs the collections on their behalf. However Resurgent outsources their collection work to other collection agencies too.

Typically they will only collect on delinquent unsecured debt such as a charged off credit card. If they have been contacting you it is regarding a delinquent debt.

They have the authority to create a negative mark on your credit report. They also have the authority to sell your debt to another collection agency if they are unable to recover payment.

You could have multiple negative listings on your credit report from one account. If you have a charged off credit card you will have one negative mark from the bank the credit card was issued by, another from LVNV Funding and yet another if they sold your account to another collection agency.

This is why it is vital to know what is reported on your credit. You should also be aware that making a payment will not guarantee to improve your credit. Your payment will not bind them to remove a negative mark from your report.

Furthermore they will be unable to remove any other negative listing made regarding the account by another collection agency or lender. If the debt is valid and you do submit payment make sure to get in writing that they will remove the negative mark on your credit report in exchange for your payment.

If you have a mark the most effective method for removal is to dispute the listing. You will dispute the accuracy or validity of the listing. This is done by sending a dispute letter to the credit bureaus.

Then the credit bureaus will conduct an investigation into the mark. However you should expect some resistance from the credit bureaus because it only costs them money to investigate disputes. So you may have to send your letter a few times.

Another option is to hire a professional credit repair service. They will dispute your negative marks on your behalf. I suggest using a credit repair letter if you only have one of two negative marks. If you have many negative marks then you should consider hiring a credit repair service.