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LVNV Funding LLC Lawsuit in Texas: What You Need to Know

LVNV Funding LLC is a debt collection company that purchases charged-off debts from original creditors. Once LVNV Funding owns the debt, they can file lawsuits against consumers in an attempt to collect.

LVNV Funding LLC is known for filing a large number of lawsuits in Texas. In 2021, LVNV Funding filed over 100,000 lawsuits in Texas courts.

If you have been sued by LVNV Funding LLC in Texas, it is important to understand your rights and options.

Why did LVNV Funding LLC sue me?

LVNV Funding LLC sued you because they believe that you owe a debt. LVNV Funding LLC likely purchased the debt from an original creditor, such as a credit card company or bank.

What should I do if I have been sued by LVNV Funding LLC in Texas?

If you have been sued by LVNV Funding LLC in Texas, it is important to take action immediately. You should not ignore the lawsuit. If you do not respond to the lawsuit, LVNV Funding LLC may obtain a default judgment against you. A default judgment is a court order that allows LVNV Funding LLC to collect the debt from you.

You have several options if you have been sued by LVNV Funding LLC in Texas:

  • Negotiate a settlement with LVNV Funding LLC. You may be able to negotiate a settlement with LVNV Funding LLC for less than the full amount of the debt.
  • File an answer to the lawsuit. If you believe that you do not owe the debt or that LVNV Funding LLC does not have the right to sue you, you can file an answer to the lawsuit.
  • Hire a lawyer. If you are unsure of what to do, you should hire a lawyer to represent you in the lawsuit.

What are LVNV Funding LLC’s common tactics?

LVNV Funding LLC is known for using aggressive tactics to collect debts. Some of their common tactics include:

  • Filing lawsuits for debts that are beyond the statute of limitations. The statute of limitations is the amount of time that a creditor has to file a lawsuit to collect a debt. Once the statute of limitations has expired, the creditor cannot sue you to collect the debt.
  • Suing consumers for debts that they do not owe. LVNV Funding LLC has been sued by consumers for alleging that they owe debts that they do not owe.
  • Filing lawsuits in courts that are inconvenient for consumers. LVNV Funding LLC often files lawsuits in courts that are located far away from where the consumer lives. This can make it difficult and expensive for the consumer to defend the lawsuit.

How can I win a lawsuit against LVNV Funding LLC?

There are several ways to win a lawsuit against LVNV Funding LLC. Some of the most common defenses include:

  • The debt is beyond the statute of limitations.
  • You do not owe the debt.
  • LVNV Funding LLC does not have the right to sue you.
  • LVNV Funding LLC violated the Fair Debt Collection Practices Act (FDCPA). The FDCPA is a federal law that protects consumers from abusive debt collection practices.

Conclusion

If you have been sued by LVNV Funding LLC in Texas, it is important to understand your rights and options. You should not ignore the lawsuit. You should take action immediately and consider hiring a lawyer to represent you.

FAQs

Q: What is the statute of limitations for debt collection in Texas?

A: The statute of limitations for debt collection in Texas varies depending on the type of debt. For example, the statute of limitations for credit card debt is four years.

Q: What is the Fair Debt Collection Practices Act (FDCPA)?

A: The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from abusive debt collection practices. The FDCPA prohibits debt collectors from engaging in certain activities, such as calling consumers at unreasonable times or threatening to arrest consumers.

Q: What should I do if I think LVNV Funding LLC has violated the FDCPA?

A: If you think LVNV Funding LLC has violated the FDCPA, you can file a complaint with the Consumer Financial Protection Bureau (CFPB). You can also file a lawsuit against LVNV Funding LLC for violating the FDCPA.

Q: What happens if I lose my lawsuit against LVNV Funding LLC?

A: If you lose your lawsuit against LVNV Funding LLC, the court may enter a judgment against you. A judgment is a court order that allows LVNV Funding LLC to collect the debt from you. LVNV Funding LLC can collect the debt by garnishing your wages, seizing your bank account, or placing a lien on your property.

Sources

  1. debtstrategists.com/cavalry-spv-1-llc/

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