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Resurgent Capital Services / Lvnv Funding` / Fraud and cheating!

1 United States Review updated:

Resurgent Capital located in South Carolina, a related outfit of lvnv funding, uses a web of questionable practices in attempts to pressure individuals to give them money. They buy old charge- off accounts, for about 3 cents on the dollar, tens of thousands of them. The owners, managers, and supervisors of these outfits then try and get people to give them 50 to 80 cents on the dollar for those same charge-offs. It doesn't matter to these commission driven individuals what malady may have come upon you, they only want money, and lots of it. They often try and have people send them quick money, while offering no benefits in return. Is that right or fair? You decide. Sounds like unpasteurized greed to me. Attempting to make money from the possible misfortune of others seems very unsavory. Remember, their ultimate target is to have you send them money, from what ever source, while promising you nothing in return. It would be wise for you to insist on receiving any payment arrangement with them in writing, in advance, before ever considering sending them any money, no exceptions. Otherwise, after they get your money, they can conveniently claim that they have no record of any such arrangement with you, to your detriment. Verbal promises from these " supervisors " are not guarantees that they will do anything to benefit you, once they receive your money. Always get their agreements In Writing, before sending any money to them, no matter how small the amount. Learn all you can about Resurgent Capital Services or lvnv funding tricks on the internet, for example, and you may want to communicate with them only in writing, and always by certified mail. Keep a copy of everything you may receive from them or that you send them. Carefully consider all your best options when contacted by them. Seek free advice on how to protect yourselves from their questionable practices. You'll be glad you did.

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Comments

  • Jr
      10th of Nov, 2007
    0 Votes

    My Dad is going through right this now. Where does his legalities stand being over 80 years of age? He hasn't heard from them at all which I wrote all the letters and wrote my version of a settlement which they were requesting.

  • Do
      19th of Nov, 2007
    0 Votes

    Financial Recovery Systems/Resurgent Capital Services contacted the out-of-state landlord to find a relative with whom I share the same name - thinking it was him. They asked if he was John Doe, he said yes, they asked if his SSN was XXX-XX-XXXX, he said NO. They continued with the details of a debt to Whom it was owed and the payoff balance. This does not show up anywhere on my credit history. I am upset that they are offering my SSN not to mention openly telling relatives and strangers about some misconstrued debt. They continued to call and call this relative (three times in a ten minute period) until the relative told them they were discussing things he was uncomfortable hearing. The representative hung up abruptly. I have turned them into the Federal Trade Commission, what other options are out there for me?

  • Sh
      25th of Dec, 2007
    0 Votes

    This is late, but Don Baird you can sue them under the Fair Debt Collection Practices Act for giving this information out to anyone other than yourself or your lawyer. Also for continuing to call someone not associated with this debt after being told not to.

    In fact, you and your relative can both sue for $1000.00 each for violations. You for the information being given out, your relative for the continuing harassment.

    I suggest you use your state's Small Claims Court.

  • Sh
      25th of Dec, 2007
    0 Votes

    PS most cities have lawyers who will take these cases without charging you, and recovering their fees from the debt collector. I'd check online for consumer advocate lawyers in your community.

  • Ba
      1st of Jun, 2008
    0 Votes

    The whole premise of resurgent capital is based upon greed.

  • Me
      10th of Jun, 2008
    0 Votes

    these ### have been filing suits on me in a state i have not lived in for over 5 years. For the past 3 years there have been 42 cases filed in that state and all of them have been dismissed due to lack of service. I am just wondering if someday they are going to obtain a default judgment by lying that i was served at an old address.

  • Ba
      10th of Jun, 2008
    0 Votes

    Resurgent Capital managers and supervisors have no power or authority over anyone. Learn everything you can about how to successfully side step their deceptive ploys and traps. The time shall come when the true nature of their individual deceptions will be in plain view for others to see. They can not prosper very long if at all, for Karma shall bring to each of them what they tried to do to others, many times over.

  • Fr
      11th of Jul, 2008
    0 Votes

    These people are ruthless and cut throat...I paid off an account to them---I had to wait 35 days to get a letter that still says Resurgent- refers to LVNV-- but this is not good enough to get this taken off of my credit. They are ruining my life, as I have waited more than 35 days for a letter that would release the LVNV name off of the crfedit report. They can't write a simple letter saying that they are LVNV and that I have a "0" balance...I have been in limbo in purchasing this house because of this one hang up...Anytime I can make a negative remark about them concerning my ordeal- I will...I would not pay anything to this company ever again...They are ruining my life...

  • Ba
      13th of Jul, 2008
    0 Votes

    The time will come when appropriate US governing agencies will begin to more fully take an in depth search into the lvnv funding resurgent capital pipeline and the scheme they have been operating.

  • Ad
      5th of Aug, 2008
    0 Votes

    I am actually going through that as well. They contacted me saying I supposedly owe 200 bucks. They have my old address from 7 years ago. I haven't even used that card that they say was charged in over 5 years. From what I am reading, it seems like it is a scam but I don't want it to affect my credit. What should I do?

  • Ca
      21st of Aug, 2008
    0 Votes

    i have recently found out that ACH has took some money out of my account without my as so can you tell my why?

  • Am
      26th of Aug, 2008
    0 Votes

    I just received a letter from LVNV Funding/Capital Resurgent Capital Services saying the have incurred my debt from an old Citibank account and will pursue a judgement in 30 days if I do not pay $17, 088.42. They also state I can set up a payment plan. Should I respond to this? Will they try to sue me? There is an attorneys law office listed on the letter saying they retained this law firm. How do I know if this is legitimate???? I feel scared by this. Thanks for any input.

  • Ba
      15th of Sep, 2008
    0 Votes

    My experiences with resurgent capital, which is hand in hand with lvnv funding, is that they do not want to give an ounce of benefit for the money they try to persuede people to give them. In today's economy, or any economy, I found them unworthy of one's good faith or money.

  • Yo
      26th of Jan, 2009
    0 Votes

    The folks at resurgent capital in Greenville, sc are not interested in helping you. It is all based upon trying to generate money for themselves, ie pure greed.

  • Ma
      9th of Feb, 2009
    0 Votes

    If it wasn't for people not paying there debt back there wouldn't be a bad economy. Lession 1 don't borrow the money if you don't intend on paying it back! Lession 2 if its a good deal then take it from my dealings with them they don't go back on there word and try to work with you to the best of there ability. Remember you have to work with them too.

  • Co
      19th of Feb, 2009
    0 Votes

    I had a Sears Card account that was past due, it was sold to Resurgent..aka...Sherman Financial on Feb 10. On Monday, Feb. 16, I recieved my first phone call. The man stated they had made SEVERAL attempts to contact me, becuase I failed to respond, an action of breech of contract had been filed against me. As a result of this "action". I have until Feb. 28 to pay in full. I must do this over the phone, with a postdated check. I asked for a payment plan, and was told that the only plan allowed would be 'x' amount of dollars for one year. More then I can afford. In addition to it being more then I can afford, he insisted I must pay by postdated check over the phone. I do not want to give out my banking info not knoing who I am talking to! When I asked for an address to send payemnt, he refused, staing that it had to be done over the phone. When I requested a letter of verification, he claimed it had already been sent and they can not and will not send another. He then claimed the bank (Sherman Financial) has no choice but to sue me as I am being uncooperative. I have filed a complaint with my state's Attorney Genreral/consumer credit agency.
    What else can I do to avoid being sued? What are the cances of a lawsuit actually being filed? Could he have been bluffing?

  • Ro
      21st of Feb, 2009
    0 Votes

    Countrygirl,

    Under the FDCPA (Fair Debt Collection Practices Act) it is unlawful for a collection agency to "threaten" a lawsuit - get an attorney immediately and file suit against them for violation of the FDCPA - the more people that do this, the better chance we have of putting them out of business - your attorney will advise you what you may be able to recover from them for damages - but it is worth checking into. Good luck!!

  • Dj
      23rd of Feb, 2009
    +1 Votes

    It may be well not to give them an honorable dollar, my experiences with them is that I could not believe anything one of those phone clerks said. Here is what I would do - it works quite well: Look on the internet for a sample letter of request for " debt validation". Don't be afraid of their empty threats. Once you send them a Written request for debt validation, and here's the important part, send it by certified mail USPS with return receipt, SAVE the green receipt card, which will be sent back to you, this is proof positive that one of their routine clerks initialled or signed for it and they Will stop all collection activities, probably for many months, because you asked for wriiten debt validation, or required it from them. Resurgent groupies don't want you to know this! If they were to then mistakenly actually file a suit against you, without providing you with bona fide detailed debt validation, you could simply show up at court, again don't let the word court put fear in you, and ask the common man or woman presiding to award you a minimum of $1, 000 from resurgent capital of south carolina and the judge would likely award it to you. They would have clearly violated the Fair Debt Collections Practices Act which is there to protect you and thousands of others from undesirable practices from outfits like resurgent capital. Don't let them take advantage of you. Read on the internet a sample of the many accurate stories from a multitude of people, about the murky ploys and smoke screens that resurgent attempts as they try and falsely intimidate people. You're on so much higher ground than they.

    Again, send the written request for debt validation, must be by certified mail (the green receipt card) at a post office, and keep the green card when it arrives in your mailbox. Even better, send it twice, about a week apart, and save both receipt cards. If they even try to contact you in any way, by phone or mail, or through a part time law office, after they sign for your certified return receipt mail, they may likely owe you up to $1, 000 per violation for every time they call or attempt contact, before sending you wriiten proof of the alledged debt. Chances are that they can not provide it to you, and must therefore cease ALL collection activities concerning you. Please take a brief look at the FDCPA, google it on the internet. You should be just fine. As someone who resurgent tried to bamboozle, I can't think of anyone who deserves your money less, than the ethical munchkins at resurgent. Smile, you'll be just fine.

  • Jj
      5th of Apr, 2009
    0 Votes

    These people have been harassing us for two years over a bankruptcy which we had to file 15 years ago when my husband lost his job and we lost our home. They also stated we lived in a state which we never lived in. We have sent them by registered mail a copy of our bankruptcy which includes this debt. They quit hasrassing us for awhile but have started again. I am so glad I found this information on the computer. I will not let these kind of people get the better of us. They are criminals as far as I am concerned and I can't believe the government is not after them.

  • En
      6th of Apr, 2009
    0 Votes

    Resurgent of Greenville, SC has no authority over anyone. I encourage you to continue learning about their untoward behavior and to continue fortifying yourselves. My personal experiences with them were that I could not trust what they implied or said. They try and entice good people to send them money while offering absolutely no benefits if you do. Yes, our over-worked officials could have a hey day by summoning their managers and other key individuals for depostions. Their pattern of violations, backed by clear and specific examples, are at a minimum unethical and based upon viral greed. Perhaps I'm being a little harsh, but those individuals: supervisors, managers, and others, choose this type of work, if you can call it that. The front line phone clerks are in my eyes not nearly as responsible as the few managers there.
    Perhaps, this is all they know, but almost any choice of work would have been better than what they currently do.

    Don't allow their repeated auto-dialer calls to pressure you. The continuation of resurgent circuses attempting to ellicit monies from people, in the current economy, is quite beyond absurd. I do hope that state and federal agencies will devote ample resources to legally make good examples of their willful misdeeds. The resurgent responders may mockingly say, do you have any evidence of that? They may even claim ignorance. However, I believe they are quite aware of their misbehavior and violations. Oh, if I were a federal investigator, what times I could have, bringing their misconduct to light.

    I'm so glad I read about them and wisely did not send or wire them any money. I choose to help a thousand homeless people, who are truly deserving, before giving a penney or monthly spiff to the spindly individuals who created and try to enrich themselves at resurgent "services".

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