Portfolio Recovery

I have this collection account still on my credit after being paid in full. I was told they would remove it and I have wrote them yet again another GW letter. My question is the DOFD is 12/2009. Should this really still be reporting on my credit? What are your thoughts? PORTFOLIO RECOVERY ASSOCRiverside Commerce Center
120 Corporate Blvd Ste 100
Norfolk, VA-235024962
Account Number:CAPIT-2025601864XXXX Status:COLLECTION ACCOUNT Account Owner:Individual Account. High Credit:$339 Type of Account :OpenCredit Limit: Term Duration: Terms Frequency: Date Opened:04/01/2013 Balance:$0 Date Reported:06/24/2015 Amount Past Due: Date of Last Payment:03/2015 Actual Payment Amount:$47 Scheduled Payment Amount: Date of Last Activity:N/ADate Major Delinquency First Reported:02/2015 Months Reviewed:1 Creditor Classification:Retail Activity Designator:N/A Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: Type of Loan:Factoring Company Account (debt buyer) Date of First Delinquency:12/2009 Comments:Consumer disputes after resolution,
Chapter 7 bankruptcy dismissed 81-Month Payment HistoryYearJanFebMarAprMayJunJulAugSepOctNovDec2015NRNRNRNRNR 2014NRNRNRNRNRNRNRNRNRNRNRNR2013 NRNRNRNRNRNRNRNRNRPayment History Key

Lvlover26 wrote:
I have this collection account still on my credit after being paid in full. I was told they would remove it and I have wrote them yet again another GW letter. My question is the DOFD is 12/2009. Should this really still be reporting on my credit? What are your thoughts? PORTFOLIO RECOVERY ASSOCRiverside Commerce Center
120 Corporate Blvd Ste 100
Norfolk, VA-235024962
Account Number:CAPIT-2025601864XXXX Status:COLLECTION ACCOUNT Account Owner:Individual Account. High Credit:$339 Type of Account :OpenCredit Limit: Term Duration: Terms Frequency: Date Opened:04/01/2013 Balance:$0 Date Reported:06/24/2015 Amount Past Due: Date of Last Payment:03/2015 Actual Payment Amount:$47 Scheduled Payment Amount: Date of Last Activity:N/ADate Major Delinquency First Reported:02/2015 Months Reviewed:1 Creditor Classification:Retail Activity Designator:N/A Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: Type of Loan:Factoring Company Account (debt buyer) Date of First Delinquency:12/2009 Comments:Consumer disputes after resolution,
Chapter 7 bankruptcy dismissed 81-Month Payment HistoryYearJanFebMarAprMayJunJulAugSepOctNovDec2015NRNRNRNRNR 2014NRNRNRNRNRNRNRNRNRNRNRNR2013 NRNRNRNRNRNRNRNRNRPayment History Key Your DOFD is December 2009 and this December would be 6 yrs. I would guess it wouldn't hurt for you to call the CRA's and ask for an early deletion (if the Customer Service person doesn't understand what you are talking about, ask to speak with a supervisor). If they don't want to early exclude (EE) then I would file a complaint with the BBB and/or CFPB. If you have any documents agreeing to delete, remember to mention that in your complaint and attach the copy. You can also explain to the CRA's that you have a copy if they would like to see it. Good Luck!

Similar Messages

Please Help! Can't move forward.Portfolio Recovery and Stellar Recovery. WHAT'S NEXT?

I have the same story most have heard 100x. When I went away to college I racked up debt and made poor financial decisons because I didn't have a good concept of money and Credit. Credit like most teens was this invisible forever giving gift and if I paid the minimums I would be ok'. Suprisingly, my minimum wage retail job didn't provide a stable income and my balances grew. I got overwhelemed really quickly and instead of dealing with the issue. I did a out of sight out of mind. Fast forward to present and I am cleaning up all the mess I made at 18-21 Y.O. From this site I have made a some nice leaps to the right direction. Last year around this time I was at a 420 now I am at a 612! Recently got engaged and me and my Fiancee are looking to purchase a home by the end of this year/ begining of next year. My income is stable, my career is stable, I have a little savings. The only thing holding me back is CS. I thought my best way to move CS faster is to get my 2 Collections deleted. One is from Stellar Recovery for 152 (old comcast bill/cable) from 2013 and the other is from Portfolio Recovery for 676 (I think old BestBuy cc) from 2012. I sent Stellar Recover a DV letter it arrived today. I sent the letter because I have heard a lot of positive things about Stellar. That they delete a lot of accounts and they do so quickly. Also, with such a low balance, I am hoping they feel it's not worth the man hours to even try to look for the information. In terms of Portfolio Recovery I sent a DV letter but the address was wrong (got the alert today) so I called Fedex and asked them to return it. I think that might have been a great mishap. I have read many articles and PR and they seem to be known as the Sharks of the Debt Collectors and sometimes sending DV is a death sentence. I recently read article that you may not even be on their radar but when you send a DV you are letting them know you are a person who is conscience about his/her debt and wants to fix it; it's like blood in the water. They will now pursue you without abandon and possibly sue. My question is, should I send the letter or leave it be? I'm just worried since I am in SOL for both I don't want to draw unnessary attention but I also feel like a waiting duck and desperately want to move forward in my life.

In the same article the repoter was talking to some of the Employees. A staff memeber is quoted as yelling out "We got one" it was a man who had some really large medical expenses and had been unemployed for a very long time. As soon as he got his first paycheck they started in on garnishing his check. They are ruthless. I understand thay "we" owe debt and I understand it should be paid. But sometimes I think we forget about the hummanity of it all. Your post was really helpful. I can learn from what you went through and avoid PR NightmareCthulhunoodle wrote:
They absolutely do. They informed me they had another debt under my name. From 1997. Well past the statute of limitations on that one, but I'm sure it won't stop them. Thank goodness I'm smart enough to hang out on this forum and seek sound advice. And the kicker... at the end of the phone call in which I'd paid my years long debt, they asked me why I'd defaulted in the first place. "Pregnant, lost my job and had to move into my mother-in-law's house. Bad time all around." She asked if I was employed now. I answered in the affirmative. Who's your employer, came next. My answer: "I'd prefer not to say." I'm sure if I'd replied it would be logged in a database somewhere, waiting to be used.
and be on the offense of the situation and not defense.

Capital One and portfolio recovery

hi all I recieved a letter from capital one stating that my charged off cc account was sold to portfolio recovery. Portfolio recovery has not contacted me yet and they havent reported to the cra, so should i make the first move and contact them? Is it possible if i settle the account that they wont report it to the cra?

Jt35 wrote:
hi all I recieved a letter from capital one stating that my charged off cc account was sold to portfolio recovery. Portfolio recovery has not contacted me yet and they havent reported to the cra, so should i make the first move and contact them? Is it possible if i settle the account that they wont report it to the cra? I would make a deal with them to pay in exchange for it not reporting. Reporting collections costs the CA/JDB money and they may not be willing to spend it if its been paid.

Help Please....CFPB Reply on Portfolio Recovery Loan Type: Factoring Company Complaint

I sent a CFPB complaint that PRA has listed 2 accounts on my husband's CR as a Loan Type: Factoring Company and they are doing NOTHING about it! I thought that a COLLECTIONS could not be listed as a Factoring account! That's what I've been reading on this forum. Plus I've read that a Junk Debt buyer is not a Factoring company! His debts were not in good standing when purchased 4 yrs after the charge off!
Can someone please help me and direct me in the right direction?
Here's PRA and CFPB's response:
Portfolio Recovery Associates said:
Explanation of closure: PRA purchased the Capital One Bank (USA), N.A. ("Capital One") MasterCard credit card account ending in 8273 from Capital One on or about February 25, 2015. Business records provided to PRA by Capital One at the time of our purchase verify that the account was opened on November 10, 2010, by Brian Roberts whose social security number ends in **** and that a balance of $772.26 was due on the account at the time of PRA's purchase. PRA purchased the Capital One Bank (USA), N.A. ("Capital One") MasterCard credit card account ending in 5355 from Capital One on or about March 27, 2015. Business records provided to PRA by Capital One at the time of our purchase verify that the account was opened on March 23, 2011, by Brian Roberts whose social security number ends in **** and that a balance of $444.52 was due on the account at the time of PRA's purchase. PRA sent its initial notification letters to you on or about March 5, 2015 regarding the PRA account ending in 8273 and on or about April 2, 2015, regarding the PRA account ending in 5355. In response to your complaint, PRA has sent letters containing validation on or about July 28, 2015 regarding the PRA accounts ending in 5355 and 8273. CFPB Response
In response to your complaint, Portfolio Recovery Associates, LLC ("PRA") verified the PRA accounts ending in 5355 and 8273. We believe that no further steps in response to your complaint or follow-up actions are required at this time.

Lvlover26 wrote:
I have this collection account still on my credit after being paid in full. I was told they would remove it and I have wrote them yet again another GW letter. My question is the DOFD is 12/2009. Should this really still be reporting on my credit? What are your thoughts? PORTFOLIO RECOVERY ASSOCRiverside Commerce Center
120 Corporate Blvd Ste 100
Norfolk, VA-235024962
Account Number:CAPIT-2025601864XXXX Status:COLLECTION ACCOUNT Account Owner:Individual Account. High Credit:$339 Type of Account :OpenCredit Limit: Term Duration: Terms Frequency: Date Opened:04/01/2013 Balance:$0 Date Reported:06/24/2015 Amount Past Due: Date of Last Payment:03/2015 Actual Payment Amount:$47 Scheduled Payment Amount: Date of Last Activity:N/ADate Major Delinquency First Reported:02/2015 Months Reviewed:1 Creditor Classification:Retail Activity Designator:N/A Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: Type of Loan:Factoring Company Account (debt buyer) Date of First Delinquency:12/2009 Comments:Consumer disputes after resolution,
Chapter 7 bankruptcy dismissed 81-Month Payment HistoryYearJanFebMarAprMayJunJulAugSepOctNovDec2015NRNRNRNRNR 2014NRNRNRNRNRNRNRNRNRNRNRNR2013 NRNRNRNRNRNRNRNRNRPayment History Key Your DOFD is December 2009 and this December would be 6 yrs. I would guess it wouldn't hurt for you to call the CRA's and ask for an early deletion (if the Customer Service person doesn't understand what you are talking about, ask to speak with a supervisor). If they don't want to early exclude (EE) then I would file a complaint with the BBB and/or CFPB. If you have any documents agreeing to delete, remember to mention that in your complaint and attach the copy. You can also explain to the CRA's that you have a copy if they would like to see it. Good Luck!

Portfolio Recovery reporting as factoring account

I just obtained my free credit report and I see that Portfolio Recovery is reporting 2 accounts that I have with them as Factoring Company Account and as open account. I paid the accounts back in April and they are credit card accounts. I read some stories about accounts inaccurately reporting as factoring accounts and people being able to remove them. What is my best action in this case? Dispute with TransUnion? Dispute at a higher level? Any hepl would be appreciated because 2 collections brought my score down almost 100 points and removing them due to inaccurate reporting would be greeat.

upwardonward wrote:
kennerchick wrote:
File a complaint with the CFPB and submit any copies of proof you have. I did a scan of my husbnad's credit report and then cropped PRA and the account they were trying to collect on. I've got my fingers crossed that the CFPB will get them to delete it from my husband's reports. After that I will be filing a complaint for myself against PRA for the same reason, Have you had any response from the CFPB. I'm having this same issue. My story, I researched carefully, looking for other problems besides the factoring company. Try a debt validation. Since mine was never quite legal, they were missing paperwork required by law. In addition, they usually buy large chunks of data without original contracts. First part of complaint (since debt originated under different area code), is they never had permission to call that cell number (only if cell number listed on original contract). They get new cell numbers via soft pulls on reports (harassment, especially against the law things). Along those lines, they are not allowed to robocal cell phones. You can revoke permission orally. They get around this (and the previous call number when not allowed), two fold. First, they keep changing their number and area code. They start doing this when you block them. I had three sets of Portfolio numbers, they filled up each ID. Two were blocked numbers, the third, I kept for call history. They also ring the phone twice (or three times) and hang up. If you answer, no one is there. You are left calling the number to see who it is, they give you all sorts of excuses, blah blah. Remember what they said, notate. Next, attempt to dispute, if you haven't already. They will tell you they need to send out form, which is only for fraud. They will ignore written disputes. They claim their debt validations are the settlement letters they send out. As a debt buyer, they are required by law to have all the documents (collection agencies not so much, if the collection agency holds the debt in conjunction with the OC). Write down your dispute from your research. And, keep records of the form letters, etc they sent, and claim, are verification documents. Use these details for concise complaint with CFPB. Make it plain if Portfolio can not verify the debt legally, you want the account closed. Ask for the documents that would clear up your dispute, letters that should have been mailed from the OC, proof of original debt, etc. Don't make this frivolous. If they are reporting open, state the FDCPA and FCRA regs in your favor (they started reporting legally in WA state in 2013, the rest was not legal). If you have a valid dispute with debt itself, list the OC in the dispute as well. I did not need to do that, they had been taken care of with a TU dispute. Hope that helps.

Obtaining deletion from Portfolio

Hi Everyone,I'm Mark and I'm new here. I'm 26 and about 6 years ago I went nuts with credit cards and got myself into several thousands of dollars worth of debt. Thankfully I only about about $2000 left. I have three accounts charged off and despite trying, I have not been able to get Portfolio Recovery Systems to agree to delete the accounts or charge offs from my credit history. Can anyone please share some insight into how they managed to secure deletion letters from Portfolio and any other helpful advice? Thanks so much!Mark

mark444444 wrote:
Hi Everyone,I'm Mark and I'm new here. I'm 26 and about 6 years ago I went nuts with credit cards and got myself into several thousands of dollars worth of debt. Thankfully I only about about $2000 left. I have three accounts charged off and despite trying, I have not been able to get Portfolio Recovery Systems to agree to delete the accounts or charge offs from my credit history. Can anyone please share some insight into how they managed to secure deletion letters from Portfolio and any other helpful advice? Thanks so much!MarkI have read on this forum several people have had luck in getting PRA off their reports. I'm working on getting rid of them on mine and my husbands. I've been told to file a complaint against them with CFPB because they are reporting on our CR as a factoring company. Right now I am trying to figure out how to word the complaint.
"Reporting as a factoring company is misrepresentation. A "factor" is one who buys corporate receivables at a discount not a JDB dealing in uncollected bad debt. File a complaint with the CFPB http://www.consumerfinance.gov/complaint/"
http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Portfolio-Recovery-DELETED/td-p/4098171/page/2
Good Luck!

Help needed! Trying to get my life back on track.

Hello everyone, Long story short, years ago when I was in college and immediately after graduation I ran up several credit cards trying to stay afloat without having to move back in with my parents. A judgement was gotten against me by discover, which was for 3k~. I settled with them for 2k, and sent the last payment today. I got it in writing that the judgement will be "cancelled." I assume this will stay on my credit report, but will be marked as settled? I have two other accounts in collection, and they have both been sold I don't know how many times. I called them a few months ago (probably a bad idea), and offered to settle. They both wouldnt budge much, so I told them it wouldn't work and ended the call. These are the accounts I need help/advice. Information taken from Credit Karma: Calvary Portfolio ServicesOriginal Creditor Citi BankOriginal opened date: Feb 24, 2015 (this doesnt make any sense, since I quit making payments on the card in around 2012)Balance: $1,101 Portfolio Recovery AssociatesOriginal Creditor GE CAPITAL RETAILOriginal opened date: May 20, 2013 (this also doesnt make sense, but I may be mistaken)Balance $720.When I spoke to these guys they had transferred it over to a lawyer in my state. I dont know if it is scare tactics or they actually intend to sue. What should I do? Any advice would be much appreciated.

Just so I understand, the original balance was $1,700 and you've paid $1,950 to Discover and they offered to vacate if you paid in full, but that would of been a higher amount as it included additional fees? I would try to contact Discover to let them know that you paid the $1,950 as agreed and to find out how to now get it vacated. (don't bring up the other fees). They will highly likely direct you to the attorney. If so, do the same with them. Push very hard to get the judgement vacated now that you've held up your side of the bargain. If they won't budge but counter that if you pay more they'll vacate, get something in writing and continue making payments or get something in writing that shows the judgement has been satisifed. That might not get it vacated but it would likely sufficient for a future lender to approve you for a mortage, etc. I'd wait to hit up those other beasts once you know how you'll proceed with this one. Then, save up the full amount and contact each one, one at a time and try to settle for less if they delete. Keep saving and going on to the next one. Yes, another one might sue you. They'll likely threaten to at the least. keep your chin up! You're being proactive. Stay on the grid and work hard and you'll be fine.

Trying to get ready for home loan.. Should I apply for more credit

My plans are to apply for a home loan in January, currently I have 1 line of credit 1 cc3 installmentIs it okay to apply for more cards, I have always heard not to apply for new credit before you apply for a home loan, but I need points. The baddies are portfolio recovery 672 I am going to pay them then try to gw for deletion My mortgage scores are TU 627EQ 595EX 653 Is the cap one a soft pull, the one you enter your info to see which card you qualify for? I understand I will lose a few points, but when the new credit card reports I may get more points? Thanks Thanks

What's your AAOA now and how many inquiries do you have on your reports from how long ago? Not sold on getting a third card sixish months before a mortgage, LOC + CC should max out most of the score card anyway, you might get a few more points having three for reindeer games but it's not really optimal. I'd probably solve it with a $250 secured card from SDFCU if I were going to do it personally, or go beg for an AU if you have that option. Try to get a PFD for the collection if you can, paying and then GW could be tough. That said with a 2010 forum registration date would've expected your scores to be higher than that, the one collection is really all you have derogatory wise?

PRA Did not respond to Texas DV Letter, what next?

Texas resident, so sent Portfolio Recovery Associates a Texas DV letter. I received a letter in the mail today from PRA in response to my lette. There were several things missing from the information I requested including the address of the original creditor, date the debt was transferred from the original creditor to the third party debt collector and any information regarding aTexas Surety Bond. What do I do next as they did not comply with my letter? Do I go to the AG of Texas (https://www.texasattorneygeneral.gov/forms/cpd/form.php), the CFPB, the BBB? Who do I go to first and what is the procedure now?

evanbarb wrote:
Hi, frustrated updates coming in this post. I filed a complaint with both the Texas AG as well as BBB, but did not dispute with the CRAs. Received a follow up email from the Texas AG basically stating they got my complaint and will follow-up if necessary. The BBB complaint on the other hand has been very frustrating. I filed the complaint stating that PRA, failed to properly respond to my debt validation request by not including all of the requested information (they did not include the address of the original creditor, the original date of default and Texas Surety bond information). I requested that the trade lines for this collections item be deleted from all three CRAs. In both complaints, I included the letter that I sent to them on 5/12/15, the USPS certified mail return receipt and their response letter sent on 5/19/15. Their BBB response was basically thanks for bringing this matter to their attention, that they stopped making calls and other collections communications and they initiated an (another) “investigation.” They said they would send a letter I should expect to receive in 30 days. I told BBB that I did not accept their response and basically repeated that they did not validate my debt under Texas Finance Code and that they do not need to investigate the matter any more since they already did and did not provide all of the necessary info. Today I received the letter and it is a bunch of crap:“Please be advised we have reviewed your dispute and our records indicate that we have already responded to a previous dispute substantially the same as your present dispute. Because your dispute alleges no new facets and includes no new information in which to form the basis for a new investigation, we will not be conducting another investigation of the dispute pursuant to 15 U.S.C. Section 1681s-2(a)(8)(F)(i)(II) of the Fair Credit Reporting Act. If we continue to receive subsequent correspondence from you regarding a dispute that has already been resolved, we will consider your inquiry answered. No further replies will be forthcoming unless you provide the information we need to assist you. Our office considers this matter closed.” What are my next steps now? Do I go directly to the CRAs to dispute? I basically feel like they are getting my letters and complains and are NOT reading them. They didn’t provide me with all the necessary info for a Texas DV and yet they are STILL reporting this collections account to the CRAs. Apparently these people are too stupid to know what set of laws they are being asked to comply with. Send them another CMRRR letter, citing the SPECIFIC Texas Finacial Code section(s) regarding Debt Validation, the requirements therein, and inform them that since they have a failed to provide VALIDATION, Texas law requires that they delete their reporting, and cease all collection activities until FULL VALIDATION UNDER TEXAS LAW IS PROVIDED. Inform them that they have 5 days to comply with the law, or you intend to seek legal redress through the court system for their WILLFULL NONCOMPLIANCE. If they continue to ignore the law, seek out a consumer attorney through NACA (consumeradvocates.org). Sometimes an ITS is all that gets through these idiot's skulls.

Why does the same collection keep doing soft pulls on my credit

I have 2 soft pulls from the same collection. I don't want to call them and they are located in florida. I am located in CT. most of my previous collections were either from NY or CT. why don't they just call or mail me the bill to my house. I am also afraid to call because since they are doing soft pulls it might be a huge bill. The dates of the soft pulls are in Sept 2013 and Dec 2014. All this info came from annual credit report .com

mwlcolorado wrote:
Portfolio Recovery has been doing soft pulls on me at least 3-4 times a year for a debt from 2002(way outside the SOL.) I'm not too concerned. About once a quarter, they send me a settlement letter and I usually get a phone call every 6 months. I've contemplated a couple times about settling with them (it's only $120ish) but then I think back to all the illegal crap they pulled and harassment I endured and just decided to say screw it. Since it's out of the SOL, there isn't much they can do. They can keep doing soft pulls and sending letters and I can keep putting them in the shred pile.Portfolio started soft pulling my file in May when I applied for a few cards. Since that date they soft pulled me almost every other day for two weeks straight. The last time I pulled a full report they were still doing soft pulls, though not as frequently. I haven't dealt with PRA in many years and panicked at first. But I have received no phone calls and no letters. So, I'll just let it be for now I guess. I have no collections. I honestly don't know what accounts they are collecting on. I find it annoying so perhaps I'll contact them at some point.

Is a 100 point increase in 4-6 months feasible?

Current Scores: EQ-536, TU-548, EX-554 (3) Collections Paid in Full today 12/23(3) Collections will be Paid in Full Friday 12/26(1) Judgement for Portfolio Recovery that I'm clueless on.. having trouble making contact at the courts (calling from out of state to a small town)(1) US Gov Student Loan (Stafford) in default that seems to be reporting 3x, should be able to pay off in full in about a month(1) Perkins Student Loan in good standing that is not showing as such, left message to see if they can update reporting(1) Ally Auto loan (4 months old) in good standing(1) Secured US Bank Card in good standing (2 years), was showing 107% utilization, paid off to zero balance, will only put one lunch on a month and pay in full(1) Secured Capital One Card opened today (will receive mid-January) Multiple inquiries from when I was applying for an auto loan in August and from rental house applications in November. I also made the dumb mistake of trying to apply for financing at Ashley Furniture, Apple and Dell as I was trying to find house cards to build credit and keep cash freed up for paying down old debt. Major idiot move as I didn't get approvals and now I have a lot of inquiries on my history. Crap! Any advice on directions to go to help get my scores up by Spring in 4-6 months? I just moved to a very urban area and had the damnest time finding a rental even though my rental history / references is pristine due to dummy debt from when I was 18 - 20. I found a nice rental, but the hitch is it's only available 'til July 31 meaning in the Spring I'll have to start the entire process over again. Someday, I'd like to buy a house and right now it's not looking to good. Help!

securingourfuture wrote:
mamatried wrote:
Current Scores: EQ-536, TU-548, EX-554 (3) Collections Paid in Full today 12/23(3) Collections will be Paid in Full Friday 12/26(1) Judgement for Portfolio Recovery that I'm clueless on.. having trouble making contact at the courts (calling from out of state to a small town)(1) US Gov Student Loan (Stafford) in default that seems to be reporting 3x, should be able to pay off in full in about a month(1) Perkins Student Loan in good standing that is not showing as such, left message to see if they can update reporting(1) Ally Auto loan (4 months old) in good standing(1) Secured US Bank Card in good standing (2 years), was showing 107% utilization, paid off to zero balance, will only put one lunch on a month and pay in full(1) Secured Capital One Card opened today (will receive mid-January) Multiple inquiries from when I was applying for an auto loan in August and from rental house applications in November. I also made the dumb mistake of trying to apply for financing at Ashley Furniture, Apple and Dell as I was trying to find house cards to build credit and keep cash freed up for paying down old debt. Major idiot move as I didn't get approvals and now I have a lot of inquiries on my history. Crap! Any advice on directions to go to help get my scores up by Spring in 4-6 months? I just moved to a very urban area and had the damnest time finding a rental even though my rental history / references is pristine due to dummy debt from when I was 18 - 20. I found a nice rental, but the hitch is it's only available 'til July 31 meaning in the Spring I'll have to start the entire process over again. Someday, I'd like to buy a house and right now it's not looking to good. Help! I think so, with deletions of collections, rehabbing the Stafford, and correcting the Perkins. I don't know much about judgments, but I would think a GW letter to the court after payment would be a great start. Actually a judgment has to be vacated/dismissed by the judge in order for it to be removed from your CR. A GW letter to the judge is not usually successful as there are strict rules to courtroom decorum and operations. Just to give you an idea, I got a chargeoff, collection, and paid lien deleted plus paid off some revolvers and got CLIs. I saw a 36 point increase with EQ in 37 days. As of last Sunday (day 41), I went up another 5 points. That's 41 points in about 6 weeks. I am expecting a few more points in the next 2 weeks after a couple of paid off CCs report, which will decrease utilization to < 10%. Good luck to you!!!

Credit report - need clarifications

Hi all,Newbie here, so I just pulled my credit report and below are my closed accounts. The only remaining item i need to pay off is the Midland Funding (in red). All the other accounts has ZERO balance (paid off). So my question are does the CHARGE-OFF status hurting my score, can it be deleted from the report, or do I have to wait for them to be deleted? I appreciate for any advice. Current Score: 624  Closed Accounts Account Name Account Number     Date Opened   Balance   Date Reported Past Due    Status Credit    Limit BANK OF AMERICA, N.A
   10/04/2007 $0    11/30/2012                        PAYS AS AGREED CAPITAL ONE / BEST B
   10/31/2000 $0     12/11/2013 CHARGE-OFF $1,800 CHASE BANK USA, NA
   07/18/2006 $0     01/18/2012                       CHARGE-OFF $2,500 CHASE BANK USA, NA
                                                          04/01/2001 $0    05/01/2011                        CHARGE-OFF $2,100 CHASE BANK USA, NA
                                                          02/01/2000 $0    03/01/2011                        CHARGE-OFF $1,700 MIDLAND FUNDING LLC
                                                          05/14/2012 $1,504           07/14/2015        $1,504 COLLECTION ACCOUNT PORTFOLIO RECOVERY A
02/28/2011 $0                    05/20/2014                      COLLECTION ACCOUNT SPRINGLEAF FIN SRVCS
                                                           05/01/2006 $0 02/01/2010    PAYS AS AGREED $3,200 SYNCB/CARE CREDIT
   06/01/2008 $0                    05/01/2011                      CHARGE-OFF $4,500
VERIZON WIRELESS/SOU
   12/27/2008 $0 06/30/2014    COLLECTION ACCOUNT

A reported charge-off becomes excluded no later than 7 years plus 180 days from the reported DOFD.To get it removed from your credit report earlier than its exclusion date will require obtaining a voluntary deletion by the creditor. Regarding the charge-offs that are showing $0 balance, an OC account must update to $0 if either the debt is paid OR they sell the delinquent debt.Thus, it is unclear as to whether the CO accounts showing $0 have actually been paid......?

Capital Management Services

I lost my job back in 2011 and was not able to pay some of my cards and 3 went into collections: 1. Capital one (limit 1200) with Portfolio Recovery Services2. Orchard (HSBC $300) with Portfolio Recovery Services3. Citi ($6800 with Capital Management Services) I could not get pay for delete with any of them, so I went ahead and paid almost the full amount with PRS and settled for around $3000 with Capital Management Services and paid it in 3 installments. The last one was June 1st and the credit reports have been updated yesterday. The card still doesn't report 0 balance, but reports balance minus 3 payments. I received the letter from CMS stating that I paid the settlement. I really need to have zero balance showing because I want to start rebuilding my credit. Right now, my FICO scores are around 550 and I am hoping to raise them to around 650 at least within the next 1 year. What should I do? Order all the reports and dispute? Contact CMS?

floweryu wrote:
I lost my job back in 2011 and was not able to pay some of my cards and 3 went into collections: 1. Capital one (limit 1200) with Portfolio Recovery Services2. Orchard (HSBC $300) with Portfolio Recovery Services3. Citi ($6800 with Capital Management Services) I could not get pay for delete with any of them, so I went ahead and paid almost the full amount with PRS and settled for around $3000 with Capital Management Services and paid it in 3 installments. The last one was June 1st and the credit reports have been updated yesterday. The card still doesn't report 0 balance, but reports balance minus 3 payments. I received the letter from CMS stating that I paid the settlement. I really need to have zero balance showing because I want to start rebuilding my credit. Right now, my FICO scores are around 550 and I am hoping to raise them to around 650 at least within the next 1 year. What should I do? Order all the reports and dispute? Contact CMS?They typically update first to the remaining balance and then update to 0 balance, they have to report 0 balance even if they settle for less. Allow 60 days for it to complete

Need assistance with PFD to PRA

Hello Credit Geniuses! I'm now ready to tackle the elephant on my credit reports - 4 nasty collections sitting smugly with Portfolio Recovery Associates. I would appreciate any information that those of you who have been successful with them can offer in the best way to move forward. If anyone is willing to message me with specific emails for people they found particularly helpful or the language/arguments they used to get it done, I'd be eternally grateful.

me, too!!Just Friday I got a piece of mail from them for a WalMart / Synchrony account - & fortunately it also stated "because of the age of your debt, we will not sue you for it."but still, I would rather have it off my reports entirely!

What else should I do? PRA complaint to CFPB

I did a complaint with CFPB on Portfolio Recovery, told them they are reporting as a factoring company and have my account listed as a Loan Type: Factoring Company Account! Anyway, they have yet to reply to CFPB, the complaint was made on July 27th. I included an image on how they have it listed and CO reporting so they can see that it was charged off in 2013 2 yrs before it was purchased!
They sent me what looks like a verification letter I haven't had a chance to completely read it though. Mom's in town
Here's my complaint I sent
Portfolio Recovery is a junk debt buyer (JDB) which means they are a company, party, or agency that buys charged off debt for pennies on the dollar. They are skirting the FDCPA by reporting as a factoring company and this is misrepresentation! Factoring companies are companies that buy accounts in good standing and take over as the OC of the account. I have never had a contract with PRA! They are also reporting the TL on a monthly basis.
I request that Portfolio Recovery verify the following information.
1. Full original Account Number
2. Date original Account was opened
3. Any written agreements between myself and the original creditor stating this debt is owed
4. Full account summary and itemized calculation of alleged debt
5. Date of the first delinquency
6. Dates and times of any communication made to me before it was reported to an agency, and so proving that these calls were made in the times governed by FDCPA law.
If Portfolio Recovery is unable to provide the above identifying account information, this account must be deleted from all CRAs and not sold to any other debt collector.
I want Portfolio Recovery to remove the TL from all 3 credit reporting agencies immediately. I also want a letter mailed to me stating that they will NOT sell the account to another debt collector.

I did a complaint with CFPB on Portfolio Recovery, told them they are reporting as a factoring company and have my account listed as a Loan Type: Factoring Company Account! Anyway, they have yet to reply to CFPB, the complaint was made on July 27th. I included an image on how they have it listed and CO reporting so they can see that it was charged off in 2013 2 yrs before it was purchased!
They sent me what looks like a verification letter I haven't had a chance to completely read it though. Mom's in town
Here's my complaint I sent
Portfolio Recovery is a junk debt buyer (JDB) which means they are a company, party, or agency that buys charged off debt for pennies on the dollar. They are skirting the FDCPA by reporting as a factoring company and this is misrepresentation! Factoring companies are companies that buy accounts in good standing and take over as the OC of the account. I have never had a contract with PRA! They are also reporting the TL on a monthly basis.
I request that Portfolio Recovery verify the following information.
1. Full original Account Number
2. Date original Account was opened
3. Any written agreements between myself and the original creditor stating this debt is owed
4. Full account summary and itemized calculation of alleged debt
5. Date of the first delinquency
6. Dates and times of any communication made to me before it was reported to an agency, and so proving that these calls were made in the times governed by FDCPA law.
If Portfolio Recovery is unable to provide the above identifying account information, this account must be deleted from all CRAs and not sold to any other debt collector.
I want Portfolio Recovery to remove the TL from all 3 credit reporting agencies immediately. I also want a letter mailed to me stating that they will NOT sell the account to another debt collector.

Portfolio Recovery

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