Portfolio Recovery Associates, Inc. “PRA” and its subsidiaries purchase and manage portfolios of defaulted and bankrupt consumer receivables and provide a broad range of accounts receivable management services to lenders, service providers, governments, and others. The Company combines a disciplined approach to portfolio acquisitions with a long-term view of collections and a commitment to continuous innovation. We have created a rewarding organization for our employees, who produce exceptional results for our investors and clients alike. Collects 10 yr old debts. Hassle
i just received a call from that number and since it wasn't the usual, 800 or 888 number that calls, i wondered if it was a call from a friend so i answered it - it was dead on the other end and not a word was spoken. i'm so glad that i googled it and found y'all.
i wasn't able to make the full-minimum payment on two of my credit cards this past month - bank of america and hsbc - i even phoned both of them to tell them that. despite my having phoned them, assuming it was sorted out, i have been receiving countless calls each day - from those 800 kinda phone numbers - but i had no idea that these companies might also call from a regular area code, too.
it's ironic because both hsbc and bank of america, assured me that i wasn't going to be listed as 30 days overdue, that i wouldn't have any problem with my credit rating being compromised, assuming i made the payments in the next cycle. my credit rating has was 750, last time i checked it.
unfortunately, like so many others, my financial situation has undergone a rapid and unexpected decline. i don't know if i will be able to make the payments that never were a problem until now. being just a wee bit behind, will make it that much harder to catch up and if i get zapped with any other unexpected expenses (medical, unfortunately), i can see how this can and will, easily snowball into a financial disaster.
if they are calling me many times a day NOW, when i'm not even 30 days late, can i expect this to escalate - or is this as bad as it gets?
thanks to everyone here - and i hope that everyone's financial nightmares get sorted out.
this company has been calling multiple times every week under different numbers (after seeing the numbers listed on this thread), i pick up and half of the time no one is on the line.
They don't leave voicemails and I am a college student who doesn't even own a credit card, I have no debt of any kind.
how the hell did they get my number? and why the hell are they calling me??
These people just called me today... Not answering the phone. Which company are they collecting money for?
Portfolio Recovery Associates, Inc. ?PRA? and its subsidiaries purchase and manage portfolios of defaulted and bankrupt consumer receivables and provide a broad range of accounts receivable management services to lenders, service providers, governments, and others. The Company combines a disciplined approach to portfolio acquisitions with a long-term view of collections and a commitment to continuous innovation. We have created a rewarding organization for our employees, who produce exceptional results for our investors and clients alike. Big Hassle
Portfolio Recovery Associates, Inc. ?PRA? and its subsidiaries purchase and manage portfolios of defaulted and bankrupt consumer receivables and provide a broad range of accounts receivable management services to lenders, service providers, governments, and others. The Company combines a disciplined approach to portfolio acquisitions with a long-term view of collections and a commitment to continuous innovation. We have created a rewarding organization for our employees, who produce exceptional results for our investors and clients alike. Collects 10 yr old debts. Hassle
This is yet another number used by Portfolio Recovery Associates, LLC. They are known to use several. This time, their ID actually showed up on my caller ID, so I didn't bother to answer. They are a harassment agency that have called numerous times regarding a fictional debt (and sent no proof at all that the debt even exists, which they are required to do by federal law), which - even if it was genuine - would have run the statute of limitations four times over.
Their agents are trained b***s*** generators, attempting to intimidate you into giving out your personal information and then squeezing you for every cent you don't have. Here's what you should know (reposted from ihatescammers' post on Jan 27, 2008, regarding #866-428-6589):
Portfolio Recovery Associates, LLC
Aka/Anchor Receivables Management
120 Corporate Blvd., Norfolk VA 23502,
Mailing address: PO Box 12914 Norfolk VA 23541
Phone: (800) 772-1413 800-654-8818 or 757-519-9300
Fax: (757) 321 2504 or 866-296-0635
4829 Hwy 45 North
Jackson, TN 38305
New Market Mall
5200 West Mercury Blvd
Hampton, VA 23666
500 West 1st Avenue
Hutchinson, KS 67501
(Holding @+/- $43.50)
Head Debt Collectors:
Steve Fredrickson, CEO
Andrew Holmes, President
Craig Grube, Sr., VP
Donald A. Williams, Associate General Counsel
Web Address: www.portfoliorecovery.com
Portfolio Recovery Associates, (PRA) bottom feeders with deep pockets, have apparently figured out how to get blood from a turnip. Boasting a strong bottom line and profits at around $36.5 million for 2005 (2006 due in Feb), things aren?t too bad for these junk debt buyers, for now.
The turnip blood appears to be flowing from portfolios they collect on that date back in to the 90?s-- we?re talking accounts so out of statute that most consumers can?t even remember if they even existed.
The have their $8-12/hr. collectors calling off those God-awful automated telephone machines (email the brass, above if you want your name removed) and managers working there for about $35-40k/year according to job sites we visited.
A bottom feeder is a bottom feeder and make no mistake, these vultures live off the grief and (in some cases) the time barred debts of unsophisticated consumers. Like most of the bottom feeders out there, PRA and Anchor are fighting the density of junk debt buyers who have flooded the market. To say the price for accounts has gone up is an under-statement. PRA is paying more just like everyone else to stay on top of the market.
The bigger problem they and others like them will be facing in 2007 is when Wall Street realizes this industry has already seen its best days. The Bankruptcy Reform Act and increased minimum payments has spawned an attitude among consumers to keep those credit card accounts under control.
Organizations like the National Association of Consumer Advocates (NACA) see: www.naca.net has grown into an army of attorneys who assist consumers in litigation. The credit bureaus will soon face the growing wrath of consumers in the manner they allow information to be gathered, sold and reported by these junk debt buyers and Congress may just be listening.
So what do you do if contacted by PRA / Anchor?
1) Make them send you a written notice as required by federal law.
2) Dispute everything they say (debt collectors are liars), make them validate each and every claim with documentation.
3) Check to see if the account is within your state statutes. http://www.cardreport.com/laws/statute-of-limitations.html
4) Verify the account on your three credit reports (it may not be there)
5) Tape record all debt collector calls (where legal) so you can collect when they screw up. See: http://www.rcfp.org/taping/states.html
6) Hold debt collectors to the law; make them work for their pay.
NEVER give a debt collector your banking or credit card information. If you need a local consumer law professional, I recommend the experts at: www.naca.net
They call me from every number they have I think. They want me to pay $400 for an electric bill that is from 2004. Only problem is I have never had an electric bill in my name. I have told this for over a year and a half now. I was told i was getting a dispute packet and yet nothing has come. Now they are rude and say I'm lying about not receiving it. SEND ME THE PACKET OR STOP CALLING!!! I'M NOT SENDING YOU A PENNY!!!!!!!!!!!!!!!!
These guys call me constantly. I've asked them multiple times to simply send me a detailed bill explaining why they want $800 for one month's electric bill from 4 years ago. They have yet to send the bill and still keep calling in ever more threatening ways. Each time I answer they keep threatening me with bad credit etc...
HOLY COW!!! As many notes as their are here in the last few days, Portfolio Recovery Associates (Bottom of the line "Collection Agency"), must be on an mission trying to collect as much as possible before going out of business. If they would call my ex and her 480 FICO instead of me and my 760 FICO...they might have better luck. Obviously their contact info isn't even correct.
THEY'RE ASSININE DEBT COLLECTORS. THEY ARE PORTFOLIO RECOVERY AND GENERALLY USE THESE NUMBERS TO CALL:
DON'T SWEAT IT...BY THE TIME THESE LOW BROWS CALL, THE DEBTS ARE WAY PAST THE EXPIRATION DATES OF ALL STATES. THERE'S NOTHING THEY CAN DO!
See someone says they are Portfolio Recovery Associates. They call my number frequently. Once they left a message for someone I don't know. Now no messages are left. Other numbers Portfolio uses are 800-772-1413, 877-803-0008, 757-519-9300, 866-940-7640, 866-691-3568.
The call is from Portfolio recovery assoc. collection agency!
got call from number today
Got a call from this number - don't know anyone in this area code. Chose not to answer them.
I answered because I had just texted someone out-of-state and thought they were calling back. When I answered, a female asked for Tyronne So-and-so. I said she had the wrong number, and she said Thanks.