• Report: #537389

Complaint Review: Portfolio Recovery Associates Inc.

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  • Submitted: Thu, December 10, 2009
  • Updated: Thu, December 10, 2009

  • Reported By: Rob GF — Laguna Beach California United States of America
Portfolio Recovery Associates Inc.
120 Corporate Boulevard Norfolk, California United States of America

Portfolio Recovery Associates Inc. Stock symbol PRAA Settlements Top $1 Million In Debt-Collection Lawsuit against Portfolio Recovery Assoc. Norfolk, California

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Plaintiffs v CACV; Portfolio Recovery Associates; Johnson, Rodenburg and Lauinger; Washington Mutual Bank
Settlements Top $1 Million In Debt-Collection Lawsuit

The case named as defendants the Denver-based CACV of Colorado; Portfolio Recovery Associates, of Norfolk, Va.; Johnson, Rodenburg and Lauinger, a North Dakota debt-collection law firm, and the now-bankrupt Washington Mutual Bank and two bank employees.

Portfolio Recovery Associates settlement is nearly $1 million, with the company agreeing to pay from $25 to $200 to more than 16,000 class members. Cole would get $2,000. Portfolio also would pay attorney fees, which have not yet been determined.

See this site:

http://www.suijurisclub.net/banks-collection-cra/7164-settlements-top-1-million-debt-collection-lawsuit.html

So, to all that have been contacted by this slime ball company here's some good news as to how to hit them back.

They are publically held (Stock Symbol PRAA) and Wall St has respect for them and "how well they run and conduct" their collection businesses. Just what one would expect to hear from the corrupt Wall Streeters. Makes me waht to puke.

This report was posted on Ripoff Report on 12/10/2009 03:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/Portfolio-Recovery-Associates-Inc/Norfolk-California-23502/Portfolio-Recovery-Associates-Inc-Stock-symbol-PRAA-Settlements-Top-1-Million-In-Debt-Co-537389. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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