LVNV has filed a number of claims and is one of the leading debt buyers in the country. However, there have been periodic complaints that LVNV failed to document claims, filed old time-barred claims, and violated applicable laws.
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Settlement Documents in LVNV Funding LLC v Vittorio Blaylock and LVNV Funding LLC v Casey Davis,
Blaylock filed a class action counterclaim and third-party complaint against the Defendants, asserting the following causes of action: (1) violations of the Illinois Collection Agency Act (225 ILCS 425/1, et seq.); (2) violations of the Illinois Consumer Fraud and Deceptive Business Practices Act (815 ILCS 505/1, et seq.); and (3) violations of the Federal Fair Debt Collection Practices Act (15 U.S.C. § 1692, et seq.).
- Settlement Agreement and Release
- Order Granting Unopposed Motion for Preliminary Approval of Class Action Settlement
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Class Notice, Class Members whose Accounts are either Uncollectible or have an Outstanding Balance of $75 or Less
- Claim Form (The deadline to submit a Claim Form was October 24, 2022).
- Class Notice, “Ownership” Accounts and Class Members whose Accounts are Collectible or have an Outstanding Balance of more than $75
2. Class Action complaint Salomon v LVNV Funding, Resurgent Capital Services, (S.D.N.Y. 2021) Case 1:21-cv-03086
3. LVNV FUNDING LLC Fair Debt Collection Practices Act Litigation,
4. Molnar, et. al v LVNV (D.N.J. 2023)
The complaint alleged LVNV is engaged in the business or practice of debt collection including debts incurred
by consumers and is a “debt collector” as defined by the FDCPA, 15 U.S.C. §
1692a(6). The debts it purchases include those from Synchrony Bank, Citibank and other
lenders. The claim alleges LVNV took assignment of certain loans, has defended claims alleging there is an arbitration agreement, but failed to arrange for arbitration despite due demand
Relationship Between LVNV Funding and Resurgent Financial Services
A class action complaint states, "LVNV has stated on its website, www.lvnvfunding.com (last visited Feb. 25, The management of purchased assets is outsourced to a third-party specializing in the management of these types of consumer assets, Resurgent Capital Services LP (Resurgent). Resurgent is a manager and servicer of domestic and international consumer debt portfolios for credit grantors and debt buyers, including LVNV, and performs these services on their behalf. Resurgent, a licensed debt collector, may perform these activities directly, or in most cases, will outsource the recovery activities to other, independent, specialized, licensed collection agencies. If you are a customer, please direct your inquiries to the firm currently servicing your account. Resurgent and LVNV are under common ownership and management; both are part of the Sherman Financial Group. " Lopez v LVNV et. al., Complaint, para 23. (D. N.J. 2016) Case 2:16-cv-01117
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