Portfolio Recovery Associates has a disturbing and unethical history of Junk Debt Collection Practices, Now being investigated by The Federal Trade Commission. Such practices violate the Fair Debt Collection Practices Act that was passed in 1977 to protect consumers from abusive debt collectors such as Portfolio Recovery Associates.
Example One: Portfolio Recovery Associates will do a Hard Inquiry on an individual via a credit reporting agency such as Trans Union without the consent or authorization of that individual. Generally a Hard Inquiry is not allowable for JUNK DEBT (A debt that has passes beyond the statute of limitation in your state)
Example Two: Portfolio Recovery Associates knowingly and illegally use Coercion and/or blackmail to manipulate individuals into believing they are legally liable for a JUNK DEBT. Remember, a JUNK DEBT is NO LONGER Legally Collectable. If You are being contacted by Portfolio Recovery Associates via phone? DO NOT ENGAGE IN ANY CONVERSATION WHAT SO EVER. DO NOT IDENTIFY YOURSELF - USE A PHONE ANSWERING MACHINE TO ANSWER ALL YOUR CALLS - YOUR GREETING SHOULD NOT IDENTIFY YOU OR YOU, LAST NAME ETC. -
Example Three: Portfolio Recovery Associates and other JUNK DEBT Collectors will try to engage an individual to start making good faith payments on a JUNK DEBT (A debt that has passed beyond the statute of limitation in your state and is NO LONGER Legally Collectable) These Good Faith Payments might be next to nothing of an already discounted debt. Why? Because as soon as you agree to make those next to nothing payments...
IT BECOMES A NEW AND LEGALLY BINDING DEBT.. THAT MEANS IT GOES ON YOUR CREDIT REPORT AND IT CAN BE COLLECTED IN A COURT OF LAW OR OTHER MEANS AVAIABLE to these JUNK DEBT BOTTOM FEEDERS.
PLEASE TAKE THE TIME TO FILE YOUR OWN REPORT REGARDING Portfolio Recovery Associates AND OTHER JUNK DEBT. COLLECTORS...
New York, New York