Report: #753934

Complaint Review: Portfolio Recovery Associates, LLC

  • Submitted: Sat, July 16, 2011
  • Updated: Tue, April 17, 2012
  • Reported By: Artlover — Wildomar California USA
  • Portfolio Recovery Associates, LLC
    120 Corporate Blvd.
    Norfolk, Virginia
    United States of America

Portfolio Recovery Associates, LLC Continues debt collection letters after 10 years Norfolk, Virginia

*General Comment: Portfolio Rip off

*Consumer Comment: My bad

*General Comment: Stacy, I have bad news for you

*Consumer Comment: Info for you

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Portfolio Recovery Associates, LLC is coming after me after 10 years for a vehicle loan that the vehicle was repossessed. They got the vehicle back more than 8 years ago. Ten years later, I am still receiving collection letters from them.

This debt has been charged off of my credit report years ago, yet they continue to try to collect.
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This report was posted on Ripoff Report on 07/16/2011 06:54 PM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 General Comment

Portfolio Rip off

AUTHOR: Research Queen - (United States of America)

On April 16,2012 I received a call from a suppose to be Rep. for Portfolio Recovery a*s. regarding a credit card debt back in 2002.  I informed the lady that the debt is greater than 10 years old and why are they trying to collect on a debt that old.  I informed her that according the the state of Texas the status of limitation has expired and please cease all call regarding this matter.  I send a certified cease communication letter to Portfolio Recovery Service P. O. Box 12914 Norfolk, Virginia 23541.

I would advice everyone to check their states statue of limitation on debt collections and send them a certified letter regarding the matter.

The Rep. tried to scare me talking about their legal department and I informed her that at this point there is nothing they can legally collect on and I will be filing a complaint with all 3 credit bureaus and terminated the call.
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#2 Consumer Comment

My bad

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

Sorry - just saw the agency did not realize it was for a vehicle - oh BTW my name is STACEY. I just not like to see individuals screwed by third party collection agencies because it happened to me - sued and won.  They have yet to pay me.
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#3 General Comment

Stacy, I have bad news for you

AUTHOR: IamGood - (USA)

If this company files suit against the OP, all he can do is show up in court, and present a defense that the debt is past the SOL.  The judge will dismiss the law suit, and the company will not be able to sue again.  However  the OP cannot SUE the collection agency for doing this.  Any body can file a law suit any time, it is their right. 

The thing is, and what the collection agency is hoping is that the OP will ignore the supeonia and not show up for court, thereby winning the lawsuit by default.  Then the SOL is no longer valid, and they can start seizing assets.

Now if the OP does show up in court, and fights the law suit (at considerable expense to him), then the collection agency will sell the debt to another agency, and it will start all over again.

The SOL only means that the customer cannot be sued to collect a debt, it doesnt make the debt invalid, just harder to collect.

If you are not a lawyer, I would stop giving legal advice, that will only get you in trouble.

BTW they are suing him for a deficency balance.  When the car was repo'd , and then sold, they did not collect enough money from the sale to pay the account off.  The OP is responsible for that amount!!!
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#4 Consumer Comment

Info for you

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

Send them a cease communications letter via certified mail with return receipt requested.  Keep copies of all this.  Once they violate this sue the crap outta them. Go to and read about these scumbag debt collection agency.  FYI they are listed on NASDAQ
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