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bpcnabe

Portfolio Recovery

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I know PRA has been beaten to death on this board, but I have another question for those who've dealt with them.

 

I have a collection with them (~$250) that's a drag on the scores. Knowing they don't PFD, and paying a CA has little effect on the overall scores, what is their history in selling the debt to someone else, giving me the chance to pay for it before it reports? Do they sell their debts or do they keep a death grip on them and take them to the grave? I'm trying to find a creative way to get this CA off the reports. Any input is appreciated because this is keeping the scores sub 700.

 

BTW, it's supposed to report until late '20, early '21. I could wait it out, but...

 

Thx.

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I still have quite a few collections with PRA from quite a few years back. The reporting has already fallen off. They have not sold them to anyone else. But they will bug you with letters and calls from different numbers.

 

I wouldn’t pay them anything as it will not help your credit scores. You already know that. Just stay off the phone and don’t talk to them.

 

 

 

Sent from my iPhone using Tapatalk

Edited by ttyman

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Is it past the SOL in your state?

No. Live in NJ and SOL is 6 yrs. Still have 2 to go. I'm just wondering if they ever give up and sell the debt to someone else.

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What kind of card was this? If it is a "store card" issued by a bank which can only be used at one business, like Home Depot, Best Buy, etc., the SOL is four years not six.

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What kind of card was this? If it is a "store card" issued by a bank which can only be used at one business, like Home Depot, Best Buy, etc., the SOL is four years not six.

CapOne.

 

Besides, it's not about the liability of the debt but getting it off the reports. I haven't had ANY comminication from them in more than a year so they are not actively chasing me for it .

Edited by bpcnabe

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What kind of card was this? If it is a "store card" issued by a bank which can only be used at one business, like Home Depot, Best Buy, etc., the SOL is four years not six.

Wow, really? Didn't know this tidbit. Good info to know.

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Is it past the SOL in your state?

No. Live in NJ and SOL is 6 yrs. Still have 2 to go. I'm just wondering if they ever give up and sell the debt to someone else.
I am past SOL and reporting and still get calls and letters from them.

 

 

 

Sent from my iPhone using Tapatalk

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Is it past the SOL in your state?

No. Live in NJ and SOL is 6 yrs. Still have 2 to go. I'm just wondering if they ever give up and sell the debt to someone else.
I am past SOL and reporting and still get calls and letters from them.

 

 

 

Sent from my iPhone using Tapatalk

They can continue to collect forever in most states. Just can’t sue or if they do you have a defense.

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Is it past the SOL in your state?

No. Live in NJ and SOL is 6 yrs. Still have 2 to go. I'm just wondering if they ever give up and sell the debt to someone else.
I am past SOL and reporting and still get calls and letters from them.

 

 

 

Sent from my iPhone using Tapatalk

 

 

Send a FOAD letter ( cease all communications )

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