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CB Collection Agencies Review of Resurgent Capital Services / Lvnv Funding`
Resurgent Capital Services / Lvnv Funding`

Resurgent Capital Services / Lvnv Funding` review: Fraud and cheating! 50

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Author of the review
12:00 am EDT
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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.

50 comments
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Adelina
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Aug 05, 2008 3:07 pm EDT

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?

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Barack
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Jul 13, 2008 12:32 am EDT

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.

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Frankie Michaelis
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Jul 11, 2008 11:15 am EDT

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...

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Barack
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Jun 10, 2008 7:03 pm EDT

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.

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mee
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Jun 10, 2008 11:23 am EDT

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.

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Barack
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Jun 01, 2008 8:38 pm EDT

The whole premise of resurgent capital is based upon greed.

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Shelley
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Dec 25, 2007 12:06 pm EST

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.

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Shelley
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Dec 25, 2007 12:04 pm EST

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.

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Don Baird
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Nov 19, 2007 11:54 am EST

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?

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JR
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Nov 10, 2007 11:42 am EST

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.