• Report: #267727

Complaint Review: Portfolio Recovery Associates

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  • Submitted: Wed, August 15, 2007
  • Updated: Thu, August 16, 2007

  • Reported By:New York New York
Portfolio Recovery Associates
Portfolio Recovery Associates; Riverside Commerce Center; 120 Corporate Blvd Norfolk, Virginia U.S.A.

Portfolio Recovery Associates Portfolio Recovery Associates purchases 'JUNK DEBT' (Aged Debt - NO LONGER LEGALLY A COLLECTABLE DEBT) Portfolio Recovery Associates KNOWINGLY EGAGES IN UNFAIR AND ILLEGAL COLLECTION PRACTICES AS DEFINED BY The 'Fair Debt Collection Practices Act' Passed in 1977 to protect consumers from BOTTOM FEEDERS 120 Corporate Blvd., Norfolk Virginia

*Consumer Comment: One correction

*Consumer Comment: One correction

*Consumer Comment: One correction

*Consumer Comment: One correction

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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...

ClassAction
New York, New York
U.S.A.

This report was posted on Ripoff Report on 08/15/2007 12:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/Portfolio-Recovery-Associates/Norfolk-Virginia-23502/Portfolio-Recovery-Associates-Portfolio-Recovery-Associates-purchases-JUNK-DEBT-Aged-De-267727. 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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REBUTTALS & REPLIES:
0Author 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

One correction

AUTHOR: Aafes - (U.S.A.)

One correction to your post, as it may mislead others. You stated

"a JUNK DEBT is NO LONGER Legally Collectable"

The Statute of limitations limits the ability of a creditor to sue you for a debt which has passed the stautory limit. However, they WILL still try to sue you. A court will not assert the statute of limitations as a defense on your behalf. If a lawsuit is filed the defendant MUST respond asserting the expiration of the Statue of Limitations as a defense AND appear at the hearing asserting this defense. Failing to do so will almost ALWAYS result in a default judgement on the creditors behalf - then BAM you are held fully responsible for the debt again.
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#2 Consumer Comment

One correction

AUTHOR: Aafes - (U.S.A.)

One correction to your post, as it may mislead others. You stated

"a JUNK DEBT is NO LONGER Legally Collectable"

The Statute of limitations limits the ability of a creditor to sue you for a debt which has passed the stautory limit. However, they WILL still try to sue you. A court will not assert the statute of limitations as a defense on your behalf. If a lawsuit is filed the defendant MUST respond asserting the expiration of the Statue of Limitations as a defense AND appear at the hearing asserting this defense. Failing to do so will almost ALWAYS result in a default judgement on the creditors behalf - then BAM you are held fully responsible for the debt again.
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#3 Consumer Comment

One correction

AUTHOR: Aafes - (U.S.A.)

One correction to your post, as it may mislead others. You stated

"a JUNK DEBT is NO LONGER Legally Collectable"

The Statute of limitations limits the ability of a creditor to sue you for a debt which has passed the stautory limit. However, they WILL still try to sue you. A court will not assert the statute of limitations as a defense on your behalf. If a lawsuit is filed the defendant MUST respond asserting the expiration of the Statue of Limitations as a defense AND appear at the hearing asserting this defense. Failing to do so will almost ALWAYS result in a default judgement on the creditors behalf - then BAM you are held fully responsible for the debt again.
Respond to this report!
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#4 Consumer Comment

One correction

AUTHOR: Aafes - (U.S.A.)

One correction to your post, as it may mislead others. You stated

"a JUNK DEBT is NO LONGER Legally Collectable"

The Statute of limitations limits the ability of a creditor to sue you for a debt which has passed the stautory limit. However, they WILL still try to sue you. A court will not assert the statute of limitations as a defense on your behalf. If a lawsuit is filed the defendant MUST respond asserting the expiration of the Statue of Limitations as a defense AND appear at the hearing asserting this defense. Failing to do so will almost ALWAYS result in a default judgement on the creditors behalf - then BAM you are held fully responsible for the debt again.
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