Consumer Debt Buyer LVNV Funding LLC Filed 7,521 New York Debt Collection Cases In 2019

By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer” LVNV Funding filed 7,521 New York debt collection lawsuits in 2019 including 2,451 cased in the Bronx, 1,022 cases in Nassau County, 1,346 cases in Manhattan and 2,338 cases in Queens.  In 2017, Resurgent Capital Services LP, parent company of junk debt buyer LVNV […]

Debt Buyer LVNV Funding LLC Filed Only 592 New York Debt Collection Cases In 2017

By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer” LVNV Funding filed only 592 New York debt collection lawsuits in 2017 which is 98% less than the 8,621 it filed in 2016. In 2017, Resurgent Capital Services LP, parent company of junk debt buyer LVNV Funding, purchased industry competitor SquareTwo Financial Corp out […]

LVNV Funding Default Judgment Vacated For Sufficient Reason and in the Interest of Justice

By: Robert J. Nahoum A default judgment is a court judgment awarded automatically to the Plaintiff (the party suing) without a trial.  Default judgments are awarded because the defendant (the party being sued) failed to timely appear and defend the lawsuit. In the debt collection context, default judgments are a debt collector’s bread and butter.  Between sixty and ninety-five percent […]

Frozen Account Released Where Debt Buyer LVNV Funding Failed to Comply With Procedure

By: Robert J. Nahoum A debt collector with a New York state court judgment has a powerful tool at its disposal to enforce the judgment called a “restraining notice”.  A restraining notice is a judgment enforcement device that restrains anyone holding property of the judgment debtor from releasing that property.  The most common example of a restraining notice is where […]

What is a Good Settlement with LVNV Funding?

By: Robert J. Nahoum The notorious debt buyer LVNV Funding has sued you for an old debt that they bought from an original creditor.  You are considering whether to fight them or to reach a reasonable settlement and get on with your life. You now have to determine how much is a good settlement with LVNV Funding? Firstly, there are […]

Why Original Creditors Won’t Talk to You About Your Debt?

By: Robert J. Nahoum Consumers sued in debt collection cases often find themselves up against companies they have never heard of.  Names like Midland Funding, LVNV Funding, CACH LLC, New Century Financial Services, Portfolio Recovery Associates, Unifund and Calvary Portfolio Services.  The reason you’ve never heard of these companies is because, while you’ve never done business with them, they’re doing […]