Arrow Financial Services was once a major player in buying up bad debts like charged off credit card bills. One of the more aggressive ways Arrow sought to collect on old unpaid credit card debts was to use the courts.
Debt buyers like AFS send some of the debts they buy up on the cheap to an attorney debt collection law firm. Arrow and other bad debt investors rely on the fact that 90% or so of people are not sure about how to deal with a debt collection lawsuit.
People get served a summons and complaint on an unpaid credit card bill and tend to put their head in the sand. What winds up happening when the lawsuit gets ignored, or where a person was not aware they were being sued (it happens), is a default judgment is entered. Those judgments can then be collected on, or even sold off to another debt buyer.
Arrow Financial closed up shop. Where did the debt go?
In just the last week I have gotten a couple of questions on and off line about how to find where Arrow Financial Services judgment debt has gone. In all cases the requests were related to:
- Someone trying to qualify for a mortgage and underwriting suggests they cannot approve a new loan, or the approval on a new loan will have an increased likelihood of success by settling old judgment debt.
- Someone trying to sell a home and satisfy or settle the judgment debt in order to pass clear title. Even if the home owner is trying for a short sale.
It is difficult to find much public information about who purchased the Arrow portfolio, or portions of it. According to a person I spoke with last week, they have a former arrow judgment account that they tracked to LVNV now owning.
LVNV is a Large Debt Collection Agency
LVNV is part of the Resurgent Capital Management and Sherman Acquisitions brand. I was able to confirm that Resurgent/Sherman/LVNV brand did pick up a “good portion” of the Arrow Financial Services debt portfolio.
If you are looking for how to resolve or settle Arrow Financial Services debts, start by reaching out to LVNV. You can reach them by calling their customer service at: 888-665-0374.
If you have any questions or concerns about resolving an old Arrow Financial Services debt with LVNV, or another debt collector, or having trouble finding who has your debt, post questions and comments in the comments below for feedback.
I am trying to sell my house and found out there’s a judgment against me through arrow financial services. I called the number you show for LVNV and spoke with them and they have nothing on file. But I have a judgment against me through the court system. I’m not sure who is carrying this debt.
This may be one of the situations I have seen where the lien holder cannot be located to send a payoff request. The title company involved in the sale of your home is who would typically do that. You may want to ask what happens when they cannot pay the lien off the normal way. Sometimes they will hold an amount of funds back for a certain period of time.
The court the judgment is in may be a resource to help you understand what needs to happen from here as well.
I was just informed that a settlement from Arrow Financial Services with an account number. It appears to me to be fraud as I have no record of ever dealing with said entity. This includes notifications on all three credit reports. I refused the offer. My question is was that the right decision? Do I need to report this somewhere? Thanks in advance for the input.
Can you be more specific with what you have going on?
Who informed you about a settlement with Arrow Financial? What are the names of any other companies involved?
Are you seeing Arrow Financial, or one of the other entities on your credit reports as of today?
How can I get an old arrow financial judgement off title to a property if I don’t have the updated info
Is the judgment paid or unresolved?
How old is the judgment?
What state are you in?
You should be able to look up the case in the county civil court by name.
Did Frontline Asset Strategies, LLC purchase and debts from Arrow Financial Services ?
I do not think so.
Frontline does collect for LVNV/Resurgent, who did buy most of the Arrow assets.
We are trying to refinance our home. When a title was pulled on my husband a “lien” from Arrow Financial was noticed. This is very odd as it did not show up when we purchased this home. We had sold another home and did pay off many bad debts of his at closing. One to LVNV funding, however not in the amount listed with these Arrow people. Why would this not show up from the sell of the former house and now 2 years later appear when we are trying to refinance. These bottom dwellers are a special kind of evil, in my humble opinion
I just received a letter for withholding of my payroll, but everyone I call they have no info. Im trying to find out if this really belongs to me since I have had problems in the past with someone using my social. can someone please help me. I will give you my girlfriends email since I do not have any access to one at the moment
Fill out the questions using the bot you see on the screen. It is designed to get me the basic details I need and to schedule a free phone consult with you.
Default Final Settlement in Florida Court 9/14/2009 plaintiff Arrow Financial Services. I was unaware that this ever happened until last Friday when contacted by Nations Recovery Center Inc of LVNV Funding LLC. Was told that if I didn’t pay total they would/could freeze/seize my bank account. I have limited income of Social Security $1500 per month and am 70 yrs old. Barely making it on SS and Nations wants me to put the total on 3 available credit cards that I have but don’t use because of inability to pay for things I can’t get on cash. I’m willing to try and pay but I’d be homeless if I had to make minimum payments on $7000 credit card debt. Saw your You Tube that indicated that they couldn’t grab my bank account which was a big relief if heard it right. What do I do?
If I was that tight on money I would tell them there is no way to pay, and no way they could force me to pay. Check out this page about SSI and other exemptions.
I am trying to find information about an account I was told that as sold to Arrow Financial, I need to know who holds the account now or who Arrow Financial sold the account to.
I would connect with Resurgent Capital/LVNV to see if they have it.
Hi requesting assistance. My husband has an old judgement from 2008 with Arrow Financial. We just received a grant appointment of reviewer from our courts. What is this and why did we receive this? We are in Texas.
I have tried calling the attorney and get the run around. I am at my wits end and would like to try and resolve this before any further action is taken. Please help
Fill in the talk to Michael form in the right column. When I see that I will email you to set up a time to talk over this in more detail.
I have judgement on me which is preventing a home loan. It is from 2008 and I paid it but bank records don’t go that far back. LNV has no record of me.
Fill out the talk to Michael form in the right column Amy. I will see that and email you to set up a time to go over your issue on the phone.
Two days ago I received notice from my employer that. a granishment order has put on my wages.
LVNV funding Llc
& arrow financial services Llc.
my issue is i have not recieved any. court papers from anyone i have lived at my address for 7 years. after reading the papers givin to me bye my employer. on the first page of the order they have my address as my previous address havnt lived their in 7 years. the debt this is reguarding to is from a bill me and my x wife acquired approx 9-10 years ago. is their anytjhing i can do ?
What state do you live in? If the judgment is in a different state, where is that?
California and the judgment is also in California
Watch this video interview I did with one of my go to attorney resources in California dealing with debt collection issues. Call Jeremy and talked to him about your options to vacate a judgment, and other options.
Thank you for your commitment to helping and this good information above. Please help me find an experienced debt collection defense attorney in Memphis, TN. I really appreciate you!
having trouble finding out who has purchased the debt from arrow financial services. I called LVNV and they have no record… This was an abstract of judgment that was issued in 2008.
Fill in the talk to Michael form in the right column Dani. I will see that and email you to set up a time to connect on the phone.
Hello Michael, I am experiencing the same nightmare as many others in the comments. My son, which is in high school just sent me a text saying that his bank account has an hold on it. I called…long story short its a debt that I have. I called the Law firm: they mentioned Arrow Financial and LVNF, I googled them because I have no idea who they are. It’s a judgement from 2010. I can remember having a credit card that I didn’t pay in 2006 or 2007. I They want $9k and the card only had a $2,500 limit. Can you recommend any lawyers in the Dallas, TX area?
I sent you an email with a list of attorneys that can advise you in the Dallas area. Please post an update to this comment string with what you learn, and how things develop for you.
Hello, I just received a writ of execution money order from a collection attorney. The attorney is representing lVNV funding which apparently bought it from Arrow Financial. The court judgement said there was a judgement back in 2009 from a bill I stopped paying in 2007. They just last month got a money judgement against me. I never knew about this judgement, never received any papers or notice. Now they are trying to freeze my accounts. I have no house, no money, no job, lost it all to cancer and divorce in 2007. What should I do? Should I contact the attorney? I am being helped by my mom and want to avoid backruptcy at all costs. Thank you so much, Chris
I doubt they just got the judgment, as suing on such an old debt would be passed the SOL to sue. What state are you in?
What is more likely is that LVNV purchased your debt, as well as many other Arrow Financial accounts, when it was already a judgment. They are just trying to enforce that.
You appear largely uncollectable. If you remain that way (no income or assets), you may not have to concern yourself with this much. But if you want to resolve the debt, you can often settle for much less than the full amount owed.
What are your goals?
I filled bankruptcy in 2011 arrow financial put a lien on my property I am trying to get it paid off but they said they no longer own the loan they sold it but don’t know who bought it how could I get this matter resolve so I can clear title
I would call LVNV Funding to see if they own your judgment. If they do, they will negotiate with you, or tell you who you can call to resolve it.
I’m trying to have a lien that was placed on my property in 2010 (had no idea it was there) removed so a home improvement loan can go through. I called all the arrow numbers and none work. I called the county I live in and they directed me to a local law firm that filed the lien. When I called them the number was not for an attorneys office but a debt collector by another name all together. I then called the attorney general as advised by the county and they are referring my back to the county. Can you advise on the quickest way to remove a lien from a company no longer in existence? Thank you!
You may want to contact LVNV and see if they own your judgment. If they do, you can negotiate a settlement for less than the balance and get the judgment updated to satisfied and the lien removed.
Thank you. I’ll see what happens.
I received a writ of continuing garnishment dated 8/30/16 from my employer. The plantiff is arrow financial services and law firm is machol&johannes located in denver. The original judgement listed on the document is dated 1/24/11. I never received a judgement during this time. The original amount is $10k with the writ racking on $4k for interest. I don’t know what this is and have no idea what to do next. What are my rights?
The first thing I would do is find the lawsuit in the court record and determine the address they say they served someone at. Let me know what you learn, and whether you ever lived at that address, or did not live there at the time of filing.
Got the papers today. Apparently my husband signed for it. And I recognize the debt now- a credit card- although I still don’t have any recollection of this judgement back in 2011 but there it is in black and white it’s weird that it was never on my credit report. I’m not sure how to proceed – do I have to accept the garnishment or can I call the law office to try and settle?.