LVNV Funding LLC

Corporate structure

Who owns LVNV Funding LLC?

LVNV Funding LLC is owned by or affiliated with Resurgent Capital Services LP / Sherman Financial Group LLC.

Common original creditors whose accounts LVNV Funding LLC has purchased include: Citibank, HSBC, Capital One, GE Capital, Household Finance, World Financial Network Bank, First Bank of Delaware.

Regulatory history

CFPB and regulatory enforcement

Your next steps

What to do if LVNV Funding LLC is suing you

1. 1
   Find your deadline immediatelyYou have a limited number of days to file your Answer after being served — typically 20 to 35 days depending on your state. Missing this deadline results in a default judgment. Check your state’s guide for the exact deadline.
2. 2
   Demand proof of ownershipLVNV Funding LLC must prove a valid, unbroken chain of assignment from your original creditor. In your Answer, raise lack of standing and require the plaintiff to produce the bill of sale and account-level documentation.
3. 3
   Check the statute of limitationsDebt buyers sometimes sue on old accounts. If the limitations period in your state has run since your last payment or the charge-off date, you may have a complete defense. Look up the state guide for your jurisdiction.
4. 4
   File your Answer — even if you plan to settleFiling a timely Answer preserves all your defenses and gives you leverage to negotiate a better settlement. Do not ignore the lawsuit expecting it to go away. See your state’s defense guide.

Frequently asked questions

Common questions about LVNV Funding LLC

• Who is LVNV Funding LLC?

  LVNV Funding LLC is a passive debt buyer — it purchases portfolios of charged-off consumer debts (mainly credit cards and personal loans) from banks and other lenders, then uses its affiliated servicer, Resurgent Capital Services LP, to collect. It is part of Sherman Financial Group LLC, headquartered in Greenville, SC.

• Why is LVNV Funding suing me?

  LVNV purchased the account from your original creditor — often for pennies on the dollar — and is now attempting to collect the full balance. Because LVNV is a passive buyer, lawsuits are typically filed by Resurgent Capital Services on its behalf, or by local collection attorneys retained by Resurgent.

• Can I demand proof that LVNV owns my debt?

  Yes. As a defendant, you can raise the affirmative defense of "lack of standing." LVNV must prove a complete, unbroken chain of assignments from the original creditor to itself. Courts have dismissed LVNV cases where the plaintiff could not produce a valid bill of sale or assignment agreement.

• What is the statute of limitations on LVNV's claim?

  The statute of limitations depends on the state where you are being sued and when you last made a payment or the account was charged off. If the limitations period has expired, you can raise it as an affirmative defense in your Answer. LVNV sometimes sues on time-barred debts — courts have dismissed such claims when the defense is raised.

• Has LVNV Funding or Resurgent been sanctioned by regulators?

  Yes. In 2022, the CFPB entered a consent order against Resurgent Capital Services LP — LVNV's servicer — for collecting on debts that were subject to Identity Theft Reports and for unfair billing practices. Resurgent paid a civil money penalty of $1 million and was required to provide consumer redress.

• Should I ignore the lawsuit or respond?

  Never ignore a debt lawsuit. If you do not file an Answer by your state's deadline, the court will likely enter a default judgment against you, allowing LVNV to garnish wages or bank accounts. Filing a response — even a simple denial — forces LVNV to prove its case and preserves your defenses.

State defense guides

Sued by LVNV Funding LLC? Find your state