Diverse Funding Associates: Who They Are and Your Rights

Type

Debt buyer

Also known as

Diverse Funding Associates LLC; DNF Associates LLC; Diverse Funding LLC

Collects

charged-off bank accounts, consumer finance loans, Chapter 7 and Chapter 13 bankruptcy accounts

Phone numbers it lists

(855) 366-8584

Website

dnfassociates.com

543 debt collection complaints were sent to the Consumer Financial Protection Bureau about Diverse Funding Associates LLC from November 13, 2023 to November 12, 2026. A complaint is a consumer's account, not a finding that the company broke the law. Read the complaints in the CFPB database.

Who Is Diverse Funding Associates?

Diverse Funding Associates is a debt buyer whose website appears under the name DNF Associates LLC; the same site's copyright line reads "Diverse Funding Associates." The company says it was established in 2004 and describes its location as the Buffalo, New York area (Getzville, NY). It lists NMLS ID 1399535 and Nevada collection agency license CAD11766, and says it is a certified member of ACA International and the Receivables Management Association International. Its consumer phone number is (855) 366-8584. We did not find a CFPB enforcement action against Diverse Funding Associates.

Why Diverse Funding Associates May Be Contacting You

According to its website, the company buys delinquent consumer receivables that banks and consumer finance companies have charged off, along with accounts from Chapter 7 and Chapter 13 bankruptcy cases. It says it works with third-party agencies and law offices that it vets to service those accounts.

That means you may not hear from Diverse Funding directly. More often, an outside collection agency or law firm will write to you and name Diverse Funding Associates (or DNF Associates) as the current creditor. If you see that name on a letter or lawsuit, the account you once had with a bank or finance company has most likely been sold. If you were in bankruptcy, it's worth checking whether this account was part of the case.

How to Check a Debt Diverse Funding Associates Says You Owe

With a debt buyer, your best questions are about the chain of ownership.

• Whoever contacts you first should send a validation notice (15 U.S.C. § 1692g; 12 C.F.R. § 1006.34) that names Diverse Funding as the current creditor and identifies the original creditor and itemization date.
• In a written dispute within the validation period, ask for the bill of sale or assignment covering your account, the last statement from the original creditor, and a breakdown of any interest or fees added after purchase.
• Bankruptcy: if the debt was discharged in a Chapter 7 or completed Chapter 13 case, collecting it personally is generally barred by the discharge injunction (11 U.S.C. § 524). Get your discharge order and schedules out and compare.
• Note who services the account. If several agencies have contacted you about the same debt, keep a list so you don't pay the wrong one.
• Age matters. Texas generally allows four years to sue (Tex. Civ. Prac. & Rem. Code § 16.004), and a debt buyer can't sue on time-barred consumer debt in Texas, where a payment doesn't revive it (Tex. Fin. Code § 392.307). New York and other states set their own periods.

What Diverse Funding Associates Can and Can't Do

Owning a defaulted debt isn't enough by itself to make a company a "debt collector" (Henson v. Santander, 582 U.S. 79 (2017)). But a business whose principal purpose is collecting debts falls under the FDCPA's first prong in 15 U.S.C. § 1692a(6), and debt buyers that exist to collect purchased portfolios are often argued to fit that description. The agencies and law firms it hires are debt collectors either way. Other limits:

• No collector may try to collect a debt that was discharged in bankruptcy as if it were still owed.
• In a Texas justice-court debt claim case, a plaintiff that bought the debt must include specific information about the assignment and the original creditor in its petition (Tex. R. Civ. P. 508.2).
• Collectors may not report a debt to the credit bureaus without first communicating with you (12 C.F.R. § 1006.30(a)).
• Calls are limited: more than seven in seven days about one debt is presumed harassing (12 C.F.R. § 1006.14(b)(2)).

If a debt buyer has sued you, read our debt lawsuit questions. If someone tried to collect a discharged or time-barred debt from you, contact our FDCPA attorneys.

We Sue Debt Collectors That Break the FDCPA

Texas Debt Law files Fair Debt Collection Practices Act lawsuits against debt collectors in federal court for consumers in Texas, California, Illinois, Georgia and Colorado. If Diverse Funding Associates or anyone collecting for it harassed you, misstated what you owe, threatened action it could not take, or told others about your debt, you may have a claim. A court can order a collector that violated the FDCPA to pay your actual damages, up to $1,000 in additional statutory damages, and your attorney's fees and costs (15 U.S.C. § 1692k(a)). An FDCPA claim generally must be filed within one year of the violation (§ 1692k(d)), so keep your letters, call logs, voicemails and screenshots, and talk to us early. Texas residents may also have claims under the Texas Debt Collection Act. Learn more from our FDCPA attorneys.

Free FDCPA Case Review(214) 851-2250

Or start your free case evaluation online. No lawyer can promise a result; every claim depends on its facts and proof.

Sources

• DNF Associates (Diverse Funding Associates): Home
• DNF Associates (Diverse Funding Associates): Services
• CFPB enforcement actions search
• CFPB Consumer Complaint Database: Diverse Funding Associates LLC, debt collection

This profile is general information compiled from public sources, not legal advice, and it does not state or imply that Diverse Funding Associates has violated any law. Company details change; tell us if something here is out of date.