Jump to content

Anyone have advice on dealing with Portfolio Recovery (PRA)?


midwesties
 Share

The last post in this topic was posted 3516 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

Being a newbie, I first want to say how helpful this board has been to me. I've spent the last year repairing my credit, and I thought I knew all I needed to know, until I came to Credit Boards. In the last 2 days I have made progress on issues I've previously tried to resolve but to no avail, so thank you everyone!

 

That being said, I have one pesky collection left on my credit report, and it's Portfolio Recovery Associates (PRA). This is from a $250 limit credit card that was closed in 2008. PRA purchased it in 2012. The total amount owed is $863 (where they came up with that number I'll never know, as they will not verify how they got to $863). I have tried several times to have the item removed for failure to verify, but the credit bureaus come back telling me that PRA verified the info, without ever showing them proof or evidence, because that's how the relationships with PRA and the credit bureaus seem to work. My credit reports show that the debts will be removed from my reports in July and September of 2015, but I don't want to wait until then. As recently as last week, PRA called me to collect on the debt, and I again very calmly tried to negotiate with them. I have repeatedly offered to settle the debt if they agree to remove it from my credit report. I've explained that it is in no interest to me to pay any of the debt unless they can agree to do so, as it will benefit me in no way at all otherwise. They refuse to offer any settlement that involves removal of the debt reporting from my credit reports, as it is against their company policy.

 

Being as how I want to buy a house in the spring, I really need to figure out a way to get them removed from my credit report. I've tried to have the debt validated, but that did not work. I also tried to negotiate, including paying the full amount, if they agreed to remove it from my credit report, but that didn't work either. If anyone has ANY advice, please let me know, thanks!!

Link to comment
Share on other sites


First, welcome!!!

 

Second... STOP talking on the phone with them. This is a slightly older debt. It MAY be past SOL depending on the debt type and your state.

 

I'd suggest the "1-2 punch" method of validation. If no such there, you MIGHT have some luck disputing as obsolete around the first of the year.

Can I use the "1-2" punch method if I've already disputed it with JDB and the credit bureaus?

Link to comment
Share on other sites

  • 1 month later...

I am trying a new dispute approach. Instead of asking the CRA's to verify, I'm disputing by saying that the debt is not mine. It worked with experian for getting my paid state tax lien removed, so I figured I'd give it a try. I'll let you all know how it turns out.

Hi there! Any update on how this turned out for you? I've been battling PRA for some time now and don't know what my next step should be..they are AWFUL!

Link to comment
Share on other sites

Only way I got them to remove was a settlement. I did ask them for a pay and delete and they agreed and i paid. It was an old cell phone which I knew it was mine so had to pay for it.

 

 

Sent from my iPhone using Tapatalk

Do you have the # you called where they agreed for a PFD? I can't get them to budge with this type of offer.

Link to comment
Share on other sites

 

 

I am trying a new dispute approach. Instead of asking the CRA's to verify, I'm disputing by saying that the debt is not mine. It worked with experian for getting my paid state tax lien removed, so I figured I'd give it a try. I'll let you all know how it turns out.

You are kidding, right?

How many posts does "midwesties" have? lol
Link to comment
Share on other sites

The last post in this topic was posted 3516 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share




  • Member Statistics

    • Total Members
      188612
    • Most Online
      2046

    Newest Member
    kingvert035
    Joined
×
×
  • Create New...

Important Information

Guidelines