757-321-6270
VA, US
 | DisGusTinG 2012-12-28 14:48:12 Debt Collector |
By Carolyn Shapiro
The Virginian-Pilot
© April 12, 2012
NORFOLK
The CEO of Portfolio Recovery Associates Inc., the Norfolk-based company that buys pools of defaulted consumer debt and tries to collect it, earned a compensation package worth $3.26 million in 2011, a nearly 7 percent increase from the prior year, according to the company's annual proxy statement.
Steven D. Frederickson, who also serves as chairman and president of the company, received a base salary of $575,000 last year, a $1.185 million bonus and a long-term incentive of $1.5 million. His compensation package in 2010 totaled $3.05 million.
The proxy statement, filed Wednesday with the U.S. Securities and Exchange Commission, lists total compensation for the company's top executives. Kevin P. Stevenson, chief financial and administrative officer, earned $1.6 million; Michael J. Petit, president of bankruptcy services, earned $2.03 million; Neal Stern, chief operations officer of owned portfolios, earned $1.26 million; and Peter K. McCammon, president of revenue enhancement services and business development, earned $1.05 million.
The Virginian-Pilot
© April 12, 2012
NORFOLK
The CEO of Portfolio Recovery Associates Inc., the Norfolk-based company that buys pools of defaulted consumer debt and tries to collect it, earned a compensation package worth $3.26 million in 2011, a nearly 7 percent increase from the prior year, according to the company's annual proxy statement.
Steven D. Frederickson, who also serves as chairman and president of the company, received a base salary of $575,000 last year, a $1.185 million bonus and a long-term incentive of $1.5 million. His compensation package in 2010 totaled $3.05 million.
The proxy statement, filed Wednesday with the U.S. Securities and Exchange Commission, lists total compensation for the company's top executives. Kevin P. Stevenson, chief financial and administrative officer, earned $1.6 million; Michael J. Petit, president of bankruptcy services, earned $2.03 million; Neal Stern, chief operations officer of owned portfolios, earned $1.26 million; and Peter K. McCammon, president of revenue enhancement services and business development, earned $1.05 million.
| Mom 2012-12-28 14:39:19 Debt Collector |
PORTFOLIO RECOVERY ASSOCIATES, INC. is a FOREIGN company!!!!!!
This information is current as of April 25, 2012.
Company Name: PORTFOLIO RECOVERY ASSOCIATES, INC.
Status: Active Filing Date: 11/07/2002
Entity Type: Foreign Corporation File Number: F152962
Filing State: Virginia (VA) Qualifying State: Delaware (DE)
Company Age: 10 Years, 1 Month
Principal Address:
120 Corporate Blvd Ste 100
Norfolk, VA 23502
Registered Agent:
Judith Sugg Scott
120 Corporate Blvd Ste 100
Norfolk, VA 23502
EVP/S/GC
Judith S Scott
CFO/EVP/T/AST S
Kevin P Stevenson
P/CEO/CHAIRMAN
Steven D Frederickson
This information is current as of April 25, 2012.
Company Name: PORTFOLIO RECOVERY ASSOCIATES, INC.
Status: Active Filing Date: 11/07/2002
Entity Type: Foreign Corporation File Number: F152962
Filing State: Virginia (VA) Qualifying State: Delaware (DE)
Company Age: 10 Years, 1 Month
Principal Address:
120 Corporate Blvd Ste 100
Norfolk, VA 23502
Registered Agent:
Judith Sugg Scott
120 Corporate Blvd Ste 100
Norfolk, VA 23502
EVP/S/GC
Judith S Scott
CFO/EVP/T/AST S
Kevin P Stevenson
P/CEO/CHAIRMAN
Steven D Frederickson
| Very Mad 2011-06-06 20:56:19 Unknown |
Very annoying.... almost everyday around 7pm pst my caller id shows 7573216270 Portfolio Recovery. When picked up no answer... it starting to become annoying to recieved call from Portfolio Recovery, especially they are looking for someone yoou don't even know. What's get me even mad was when contacting them it will sent you to this voice message which is full that you can not even leave a message...
But finally I search the company to the internet and found this toll free number you can call... it was 8007721413. At list this lady said to me they were looking for cong tran which I never know so... she will take my tel no off the list. Hopefully today will be the last time I will be hearing from them. If not I will report them the PUC since I am in the do not call list.
PS hope the 8007721413 will help to stop calling.
But finally I search the company to the internet and found this toll free number you can call... it was 8007721413. At list this lady said to me they were looking for cong tran which I never know so... she will take my tel no off the list. Hopefully today will be the last time I will be hearing from them. If not I will report them the PUC since I am in the do not call list.
PS hope the 8007721413 will help to stop calling.
| Jim 2011-06-06 20:56:19 Unknown |
receives calls from 1-757-321-6270. when i answer, I get a recording to hold. no one ever responds.
| Steve 2011-06-06 20:56:19 Unknown |
Finally, thank you for posting that, then both of these numbers the 757-321-6270 and the 800-772-1413 are both for Portfolio Recovery and I have no idea why they keep on calling me as I do not owe anything to to anyone.
At least not that I know of.
At least not that I know of.
| Barnacle Bill 2010-07-02 02:41:20 Debt Collector |
Payback? Consumer lawsuits against bill collectors skyrocket
By Tony Pugh, McClatchy Newspapers Tony Pugh, Mcclatchy Newspapers ? Thu Jul 1, 5:08 pm ET
WASHINGTON ? Shawn Traylor of Stamford, Conn. , still doesn't know what the debt was for or how much it was.
He did know it wasn't his, and he knew he wasn't going to pay it.
So when bill collectors started calling four to five times a day in March, Traylor, a 39-year-old finance officer, sent them a letter asking them to verify that the unknown debt was his.
When he got no reply, he sent another letter, this time by certified mail, asking that they stop calling his home since they never verified that he was the delinquent account holder.
Instead, Traylor said, the collection agency called the next day. "And the day after that, and the day after that and the day after that," he recalled.
Sergei Lemberg , Traylor's attorney, said the continued calls after Traylor asked in writing that they stop were a violation of the Fair Debt Collection Practices Act. The law bars debt collectors from using abusive, unfair and deceptive tactics to force consumers to pay.
Since the recession hit in 2007, federal lawsuits filed under the Fair Debt Collection Practices Act have more than doubled, while complaints about problem collectors have skyrocketed.
In addition to Traylor's lawsuit, which is in settlement negotiations, Lemberg's firm has filed about 1,500 such lawsuits in the past three years. He said the economic downturn has created a nightmare for cash-strapped borrowers and lenders now saddled with delinquent accounts.
"I think debt collectors have become more aggressive by necessity because folks just have less money. And how do you collect more from people who have less money? You have to become more aggressive," Lemberg reasoned.
As a result, consumers feel cornered. "And consumers are more likely to think legal when they're being cornered" Lemberg said.
The numbers suggest he's right. In 2007, nearly 4,400 federal lawsuits were filed for alleged violations of the law, according to WebRecon, a website that tracks the filings for the collections industry.
As the recession deepened, the number rose to 6,000 in 2008 and then to nearly 9,300 in 2009. This year, filings are on pace to reach nearly 12,000, said Jack Gordon , the president of WebRecon.
Unlike Lemberg, Gordon doesn't think the filing frenzy is rooted in the recession. He said the spike in lawsuits began years before the economy tanked. The greater culprit, he asserts, is the Internet.
"You can't type the name of a collection agency into a search engine without getting bombarded by (advertisements) from consumer attorneys begging you to call them before you pay a penny to a collection agency," said Gordon, a former debt collector who left the business over frustration with frivolous lawsuits.
Generally, debt collectors can't contact you at inconvenient places or times, such as at work or between 9 p.m. and 8 a.m. ? unless you okay it. The law also prohibits bill collectors from threatening violence, using profane language, or using the phone to annoy someone. Collectors also can't lie or misrepresent themselves or the amount a consumer owes.
The law requires that collectors, within five days of first contacting a consumer, send a written "validation notice" that gives the name of the creditor, the amount owed and what to do if you dispute the debt.
Gordon said "gray areas" of the law make it hard for collectors to follow the guidelines and do their job. For instance, the law requires debt collectors to identify themselves in messages left for consumers. But it also prevents them from telling others about a person's debt.
"So if you get a (phone) message from a collection agency, you can claim they disclosed the debt to a third party because your buddy heard the message," Gordon said.
Websites such as Debtorboards.com and DebtorsFoxhole.com, also tell consumers the ins and outs of filing lawsuits to block overzealous collectors.
"People find their way to a website like that and then they're suddenly greeted by a community of people who tell them: 'You don't have to take that, you can sue. Here's how you do it.' They provide the instruction, the legal advice and the moral support," Gordon said.
Costs are an even bigger driver in the lawsuit surge. In most cases, it's cheaper for collection agencies to settle rather than fight a case, Gordon said. A collection agency can spend $10,000 to $15,000 to defend itself in a lawsuit. If the consumer wins, the agency will likely have to pay their opponent's legal fees as well.
"Now you're looking at $30,000 to $40,000 just for choosing to fight the case and not having won it outright," Gordon said.
Violations of the collection law can provide up to $1,000 in statutory damages and can include additional "actual damages" for mental, physical and emotional suffering. Plaintiff's legal fees are often awarded as well.
A borrower's actual debt isn't automatically erased with a victorious lawsuit. How the debt is resolved, however, can become part of the settlement negotiations.
Nonetheless, collections company tactics can be aggressive.
Philadelphia attorney Brent Vullings said: "Our concern is not with the underlying debt. Our concern is how they go about trying to get it and that's exactly what the (law) is in place to assist consumers with."
It wasn't until 2008, when millions of people lost jobs and were unable to pay their bills that problems with bill collectors really took off. Awash in red ink, credit card issuers declared as losses, or "charged off," $53.5 billion in uncollectible accounts in 2008 and nearly $81 billion in 2009, according to CardHub.com.
As collection agencies hired more people to handle the bad accounts, complaints about bill collectors exploded.
Debt collectors didn't crack the Federal Trade Commission's top 20 list of consumer complaints in 2007. In 2008 and 2009, however, they logged more than 224,000 FTC complaints ? second only to identity theft.
Vullings said that many complaints stem from mistaken identity, in which a collector wrongly thinks the actual debtor is on the phone.
"I've had collection agents tell people, "I know it's you,' 'don't lie to me,' 'stop skating the issue.' I get that all the time, Vullings said. "So you can just imagine what's being said and done to a person who actually has the underlying account."
By Tony Pugh, McClatchy Newspapers Tony Pugh, Mcclatchy Newspapers ? Thu Jul 1, 5:08 pm ET
WASHINGTON ? Shawn Traylor of Stamford, Conn. , still doesn't know what the debt was for or how much it was.
He did know it wasn't his, and he knew he wasn't going to pay it.
So when bill collectors started calling four to five times a day in March, Traylor, a 39-year-old finance officer, sent them a letter asking them to verify that the unknown debt was his.
When he got no reply, he sent another letter, this time by certified mail, asking that they stop calling his home since they never verified that he was the delinquent account holder.
Instead, Traylor said, the collection agency called the next day. "And the day after that, and the day after that and the day after that," he recalled.
Sergei Lemberg , Traylor's attorney, said the continued calls after Traylor asked in writing that they stop were a violation of the Fair Debt Collection Practices Act. The law bars debt collectors from using abusive, unfair and deceptive tactics to force consumers to pay.
Since the recession hit in 2007, federal lawsuits filed under the Fair Debt Collection Practices Act have more than doubled, while complaints about problem collectors have skyrocketed.
In addition to Traylor's lawsuit, which is in settlement negotiations, Lemberg's firm has filed about 1,500 such lawsuits in the past three years. He said the economic downturn has created a nightmare for cash-strapped borrowers and lenders now saddled with delinquent accounts.
"I think debt collectors have become more aggressive by necessity because folks just have less money. And how do you collect more from people who have less money? You have to become more aggressive," Lemberg reasoned.
As a result, consumers feel cornered. "And consumers are more likely to think legal when they're being cornered" Lemberg said.
The numbers suggest he's right. In 2007, nearly 4,400 federal lawsuits were filed for alleged violations of the law, according to WebRecon, a website that tracks the filings for the collections industry.
As the recession deepened, the number rose to 6,000 in 2008 and then to nearly 9,300 in 2009. This year, filings are on pace to reach nearly 12,000, said Jack Gordon , the president of WebRecon.
Unlike Lemberg, Gordon doesn't think the filing frenzy is rooted in the recession. He said the spike in lawsuits began years before the economy tanked. The greater culprit, he asserts, is the Internet.
"You can't type the name of a collection agency into a search engine without getting bombarded by (advertisements) from consumer attorneys begging you to call them before you pay a penny to a collection agency," said Gordon, a former debt collector who left the business over frustration with frivolous lawsuits.
Generally, debt collectors can't contact you at inconvenient places or times, such as at work or between 9 p.m. and 8 a.m. ? unless you okay it. The law also prohibits bill collectors from threatening violence, using profane language, or using the phone to annoy someone. Collectors also can't lie or misrepresent themselves or the amount a consumer owes.
The law requires that collectors, within five days of first contacting a consumer, send a written "validation notice" that gives the name of the creditor, the amount owed and what to do if you dispute the debt.
Gordon said "gray areas" of the law make it hard for collectors to follow the guidelines and do their job. For instance, the law requires debt collectors to identify themselves in messages left for consumers. But it also prevents them from telling others about a person's debt.
"So if you get a (phone) message from a collection agency, you can claim they disclosed the debt to a third party because your buddy heard the message," Gordon said.
Websites such as Debtorboards.com and DebtorsFoxhole.com, also tell consumers the ins and outs of filing lawsuits to block overzealous collectors.
"People find their way to a website like that and then they're suddenly greeted by a community of people who tell them: 'You don't have to take that, you can sue. Here's how you do it.' They provide the instruction, the legal advice and the moral support," Gordon said.
Costs are an even bigger driver in the lawsuit surge. In most cases, it's cheaper for collection agencies to settle rather than fight a case, Gordon said. A collection agency can spend $10,000 to $15,000 to defend itself in a lawsuit. If the consumer wins, the agency will likely have to pay their opponent's legal fees as well.
"Now you're looking at $30,000 to $40,000 just for choosing to fight the case and not having won it outright," Gordon said.
Violations of the collection law can provide up to $1,000 in statutory damages and can include additional "actual damages" for mental, physical and emotional suffering. Plaintiff's legal fees are often awarded as well.
A borrower's actual debt isn't automatically erased with a victorious lawsuit. How the debt is resolved, however, can become part of the settlement negotiations.
Nonetheless, collections company tactics can be aggressive.
Philadelphia attorney Brent Vullings said: "Our concern is not with the underlying debt. Our concern is how they go about trying to get it and that's exactly what the (law) is in place to assist consumers with."
It wasn't until 2008, when millions of people lost jobs and were unable to pay their bills that problems with bill collectors really took off. Awash in red ink, credit card issuers declared as losses, or "charged off," $53.5 billion in uncollectible accounts in 2008 and nearly $81 billion in 2009, according to CardHub.com.
As collection agencies hired more people to handle the bad accounts, complaints about bill collectors exploded.
Debt collectors didn't crack the Federal Trade Commission's top 20 list of consumer complaints in 2007. In 2008 and 2009, however, they logged more than 224,000 FTC complaints ? second only to identity theft.
Vullings said that many complaints stem from mistaken identity, in which a collector wrongly thinks the actual debtor is on the phone.
"I've had collection agents tell people, "I know it's you,' 'don't lie to me,' 'stop skating the issue.' I get that all the time, Vullings said. "So you can just imagine what's being said and done to a person who actually has the underlying account."
| 757-321-6270 2010-04-29 00:55:15 Debt Collector |
parasites - plain and simple
| Terri 2010-04-09 00:50:53 Debt Collector |
the call over and over and over all day long from 8am to 9 pm
| lamet 2010-02-16 21:42:47 Unknown |
« on: January 22, 2010, 10:25:43 am »
We have a reporter for a national news outlet desiring to do the 1099C story.
Specifically, they would like to talk to consumers who have been contacted by a debt collector who has inappropriately used these 1099-C forms? Your willingness to talk "on the record" will go a long way to help expose the errors of these bogus claims.
We believe Portfolio Recovery Associates in Virginia to be one of the biggest abusers of the 1099C, we suspect they will play a large part in the story. If PRA has issued you a 1099C on an old (or even current debt) we'd like to pass your contact information to the reporter.
Email us at admin@collectorsexposed.com and place 1099 C Report in the subject line. Let us know if you would be willing to go on record with your story. If not, we want to hear your story anyway.
They are also asking for anyone who has sued to push back on a collector for using
this 1099-C inappropriately?
We have a reporter for a national news outlet desiring to do the 1099C story.
Specifically, they would like to talk to consumers who have been contacted by a debt collector who has inappropriately used these 1099-C forms? Your willingness to talk "on the record" will go a long way to help expose the errors of these bogus claims.
We believe Portfolio Recovery Associates in Virginia to be one of the biggest abusers of the 1099C, we suspect they will play a large part in the story. If PRA has issued you a 1099C on an old (or even current debt) we'd like to pass your contact information to the reporter.
Email us at admin@collectorsexposed.com and place 1099 C Report in the subject line. Let us know if you would be willing to go on record with your story. If not, we want to hear your story anyway.
They are also asking for anyone who has sued to push back on a collector for using
this 1099-C inappropriately?
| Johnny 2010-02-16 19:22:15 Debt Collector |
This criminal fraud must be incarcerated now. Stronger action needs to be taken to stop this diseased rodent from causing further devastation upon society.
| Henry 2009-11-25 19:35:23 Unknown |
I'm going sent Steve and his ugly wifee Mara a Xmas preset - I'm in the bathroom toilet now gift wrapping it now. LOL
| bad_debt 2009-11-23 19:35:04 Unknown |
Steven D. Fredrickson?
3208 Stapleford Chase
Virginia Beach, VA 23452
(801) 902-2429
nice house
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=3208+Stapleford+Chase+Virginia+Beach+VA&sll=37.0625,-95.677068&sspn=41.224889,67.412109&ie=UTF8&hq=&hnear=3208+Stapleford+Chase,+Virginia+Beach,+Virginia+23452&ll=36.873051,-76.075862&spn=0.001275,0.002057&t=h&z=19&iwloc=A
mo pics
http://www.vbgov.com/file_source/dept/planning/03-fredrickson.pdf
http://money.cnn.com/galleries/2007/fsb/0706/ ... ecs.fsb/23.html
3208 Stapleford Chase
Virginia Beach, VA 23452
(801) 902-2429
nice house
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=3208+Stapleford+Chase+Virginia+Beach+VA&sll=37.0625,-95.677068&sspn=41.224889,67.412109&ie=UTF8&hq=&hnear=3208+Stapleford+Chase,+Virginia+Beach,+Virginia+23452&ll=36.873051,-76.075862&spn=0.001275,0.002057&t=h&z=19&iwloc=A
mo pics
http://www.vbgov.com/file_source/dept/planning/03-fredrickson.pdf
http://money.cnn.com/galleries/2007/fsb/0706/ ... ecs.fsb/23.html
| 757-321-6270 2009-09-18 02:40:49 Unknown |
Steven D Fraud should be his name. LOL
| Ben 2009-09-08 02:44:05 Unknown |
Portfolio Recovery Associates, owned by the master scammer Steven D Fredrickson, might be the biggest scam operation on this planet - Don't ever communicate with them and NEVER send them any money, or it will only get worse.
| 757-321-6270 2009-08-18 13:41:14 Debt Collector |
Anybody know the name of Fredrickson's nazi wife and retarded kids?
danke schoen
danke schoen
| Steven D Fredrickson 2009-08-18 04:28:16 Unknown |
Steven D. Fredrickson
3208 Stapleford Chase
Virginia Beach VA 23452
In case you would like to send him a letter or visit him asking him to have his company stop calling you or something.
Ask him if he knows of a good exterminator to get rid of cockroaches.
3208 Stapleford Chase
Virginia Beach VA 23452
In case you would like to send him a letter or visit him asking him to have his company stop calling you or something.
Ask him if he knows of a good exterminator to get rid of cockroaches.
| Portfolio Recovery Associates 2009-08-16 04:44:31 Debt Collector |
This Portfolio Recovery Associates is a total scam operation.
Never, NEVER send them any money - it will only make your life worse!
Never, NEVER send them any money - it will only make your life worse!
| John Leslie 2009-08-12 13:45:21 Unknown |
Phone call from the mother of Steven D Fredrickson from Portfolio Recovery. She wanted to do "special things" to me for money - I told her I was married and besides, I don't engage in those acts anyway that she proposed. I also told her that she could find gainful employment in the porno industry doing what she described.
Steven D Fredrickson, you are a lucky man to have such a hard working mother as that...because she told me that she actually does you on a regular basis...and you are nice because she said that you always give her a big tip.
It's so sweet to see someone like you who loves making love to his mother - and I've heard you do the same to your son and daughter.
Steven D Fredrickson, you are a lucky man to have such a hard working mother as that...because she told me that she actually does you on a regular basis...and you are nice because she said that you always give her a big tip.
It's so sweet to see someone like you who loves making love to his mother - and I've heard you do the same to your son and daughter.
| Alan 2009-08-09 05:05:51 Debt Collector |
Steven D Fredrickson of Portfolio Recovery is a gonif.
| Steven D Fredrickson 2009-07-30 01:24:57 Debt Collector |
Steven D Fredrickson loves me 10" right Steven you good little CS you.
| Ingrid 2008-04-26 17:24:16 Unknown |
This son of witch just called and hung. I don't know what the heck that was about but next time they call I'll ignore it or hang the phone up on them like they do us.
| Cook 2007-12-07 15:48:14 Unknown |
This number keeps calling as soon we answer hang on for a second then hang up. Even when aswer machine come on no message
| EC 2007-11-24 19:51:33 Unknown |
FYI: here's Bud Hibb's info on Portfolio Recovery (a.k.a Anchor Receivables), and some advice on how to deal with them: http://www.budhibbs.com/debtcollectorpages/portfolio_recovery_associates.htm
| KatieL 2007-11-24 19:35:27 Unknown |
Thanks to this website, I ignore this number whenever it show up on my caller ID. No one ever leaves a message. As I have good credit, I'm not concerned with this clown anyway.
I am registered with Do Not Call also, but obviously it doesn't seem to matter to some companies.
I am registered with Do Not Call also, but obviously it doesn't seem to matter to some companies.
| Sommerrain 2007-11-18 04:44:52 Unknown |
They call at odd times, never leaving a message. Also use number 757-321-6278
| skyblueyes 2007-11-04 21:11:44 Debt Collector |
Same thing here,, call, and a automated machine tells me to call a different #, and if I dont they will take legal action... And the call is for someone that doesnt even live here... Driving me Nuts!
| stop calling 2007-11-02 00:51:59 Unknown |
Frequent calls at odd times from this number. They call and say nothing and then hang up. We call back and get an answering machine asking to leave our number...
| sweetpea 2007-10-25 20:30:51 Unknown |
calls never leaves a message. calls different time of the day
| Jwatchameker 2007-09-25 20:34:21 Unknown |
Tell them you just got this phone # and you don't know who they're looking for.
| wits end 2007-08-28 20:58:50 Unknown |
My elderly parents keep getting calls from this number telling them that they owe $88 to a bank. First person that called was insulting and tried to bully them into sending him money. I called back and spoke to a woman who seemed to be inderstanding. I asked for paperwork concerning this supposed debt. Said she would send it. No paperwork came, even after several more requests. Just the 1st guy, calling repeatedly with more bullying tactics. Are these people a legit collection agency or is this a scam?
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