Jump to content

Portfolio Recovery Advice!!


sweetie819
 Share

The last post in this topic was posted 1986 days ago. 

 

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

Recommended Posts

I currently have two collection accounts with PRA. The total between both accounts is about 3K. The original creditor is no longer listed on my credit reports but my CR say that its due to fall off in 2019. I was reading on another forum and someone filed a BBB complaint because PRA was reporting as Loan style: factoring company account and that was a violation of FCRA because they are debt collectors. I looked at my May 2015 CR and PRA was reporting at a Factoring company account! I want to file a complaint with BBB but if it's due to fall off 7/2019 that means I'm still within SOL (I'm in MA) and I'm afraid of getting sued. Should I file the complaint? Do I have any recourse other than wait? They are the last two baddies on my report and I just want them gone! I tried PFD via email but nothing. I've never spoken to them and they occasional send mail to my moms house which I haven't lived in in 10 years. Any advice would be greatly appreciated!

Link to comment
Share on other sites


I currently have two collection accounts with PRA. The total between both accounts is about 3K. The original creditor is no longer listed on my credit reports but my CR say that its due to fall off in 2019. I was reading on another forum and someone filed a BBB complaint because PRA was reporting as Loan style: factoring company account and that was a violation of FCRA because they are debt collectors. I looked at my May 2015 CR and PRA was reporting at a Factoring company account! I want to file a complaint with BBB but if it's due to fall off 7/2019 that means I'm still within SOL (I'm in MA) and I'm afraid of getting sued. Should I file the complaint? Do I have any recourse other than wait? They are the last two baddies on my report and I just want them gone! I tried PFD via email but nothing. I've never spoken to them and they occasional send mail to my moms house which I haven't lived in in 10 years. Any advice would be greatly appreciated!

Leave it alone and let the state statute of limitations pass because you will only awaken the sleeping bear and get sued.

Link to comment
Share on other sites

Ignore anything to do with the BBB. They base their effectiveness solely on the goodwill of the business, in this case - PR, and expecting a CA to be nice to a debtor is pointless. If Portfolio ignores them or does nothing, the BBB can not sanction them, bring an enforceable action against them, or otherwise help you.



Link to comment
Share on other sites

This will probably not be helpful to the OP. However a couple of years ago I took a payoff offer from a collection agency. The collection had not hit my credit reports at that point. After I started to pay the offer, the person I was talking to started pestering me and shaming me for not offering to pay the full ( made up) amount they said was the original collection. I pointed out to them that I had accepted their offer to pay the lower ( original) amount. That is what I paid. A couple of days later, the collection showed up on my report, tanked my score about 30 points. It showed up as settled debt for lower amount.

 

Boy was I ticked off. I filed a complaint with the BBB, as the agency was a member. Within a few days there was a response from the agency who said that in the interest of customer service, they would remove the paid off collection they inserted.

 

It was removed.

Link to comment
Share on other sites

I currently have two collection accounts with PRA. The total between both accounts is about 3K. The original creditor is no longer listed on my credit reports but my CR say that its due to fall off in 2019. I was reading on another forum and someone filed a BBB complaint because PRA was reporting as Loan style: factoring company account and that was a violation of FCRA because they are debt collectors. I looked at my May 2015 CR and PRA was reporting at a Factoring company account! I want to file a complaint with BBB but if it's due to fall off 7/2019 that means I'm still within SOL (I'm in MA) and I'm afraid of getting sued. Should I file the complaint? Do I have any recourse other than wait? They are the last two baddies on my report and I just want them gone! I tried PFD via email but nothing. I've never spoken to them and they occasional send mail to my moms house which I haven't lived in in 10 years. Any advice would be greatly appreciated!

Sweeie,

 

The very first thing you should do is figure out the Date of First Deliquency (DOFD). This date occurs at the original creditor and does not change.

 

The best way to do that is to get paper copies of your credit files from all four CB's and LexisNexus (the fourth is Innovis (sp?))

 

The SOL is keyed to the DoFD and nothing else.

 

If the Last Payment was 8/2012 your DoFD would be AFTER that depending on how the OC reported it at that time, but it will be close, probably 9/2012

 

If Maines SOL is 7 years after DoFD (and veryify that with your state attorney generals office or a lawyer) then 9/2017 is the end of the SOL.

 

Do NOT speak to anyone over the phone about this, it may bite you in the butt.

 

Put nothing in writing or verbally to anyone that reaffirms this is a legitimate debt and that you own it / intend to pay.

 

Your state SOL creates a dilemma for you in that it is tied to DoFD at 7 years. If you complain or challenge it to the CRA's and PRA actually does a real verification they can decide to sue you in court.

 

If you challenge, PRA will have the opportunity to change that to Debt Collector (from factoring) or what ever the right code is in Metro2 language. Then no harm no foul on their part, but that amount of attention may trigger them to take revenge, and they are a nasty lot.

 

You have to decide if that chance is worth taking.

 

I have a similar situation with them, but my SOL is long past and they are reporting other erroneous info and the info reported on TU is different than on EQ. My problem with them is that they have never made first contact with me and will not respond to letters. My next step is court to sue them. It seems they have used this tactic with many people whom they know the info is wrong but just flat out refuse to fix, making it pure spite on their part. Each court will have to decide if they can get away with it. The CRA's just keep saying the info is verfied and if I keep pushing them they will classify my disputes as frivolous which allows them to disregard the dispute.

 

good luck and let us know what you decide

Mike

Link to comment
Share on other sites

The last post in this topic was posted 1986 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
      185277
    • Most Online
      2046

    Newest Member
    SRS725
    Joined
×
×
  • Create New...

Important Information

Guidelines