Portfolio Recovery is Harassing Me!

Portfolio Recovery Associates, LLC is a company that purchases debt from credit card companies for pennies on the dollar. Oftentimes, companies, such as Portfolio Recovery, LLC, who purchase old debt, receive very little information from the original creditor and are therefore unable to prove that the consumer actually owes the debt. This can help make it fairly easy for you to stop collection attempts and or force the company to remove any negative information they may have placed on credit report. You just have to know how to make it happen.

How Do I Stop Portfolio Recovery from Harassing Me?

If Portfolio Recovery is calling you, ask them to mail you debt validation information so you can verify if you owe the debt. If you do not owe the debt, or do not want to be contacted about the debt anymore, write a letter to Portfolio Recovery telling them to stop contacting you. Be sure to keep a copy of the letter for yourself and mail a copy to the Federal Trade Commission at 6th and Pennsylvania Avenue, NW, Washington, D.C. 20850. After the company receives your letter it should only contact you more time in order to let you know they will stop contacting you and tell you what other action they intend to take.

What To Do if Portfolio Recovery Sues You

If Portfolio Recovery Associates, LLC has filed a law suit against you, you will want to make sure that you appear in Court, where it will have to prove that you do in fact owe the debt. If you do not appear, you may get a default judgment entered against you without Portfolio Recovery even having to prove that you actually owe the debt. It may then be able to garnish your wages until the debt is paid in full. If the debt collector can prove that you owe the debt, you may then be able to negotiate a repayment plan and have it approved by the court. You should consider consulting a consumer attorney if any debt collector sues you. They can help determine if you actually owe the debt, negotiate settlement terms, or even get the case dismissed without you ever having to go to court.

If you are being harassed or sued by Portfolio Recovery Associates, LLC, please contact our office at 1-800-219-3577, for a free, no obligation consultation.