Portfolio Recovery Associates - Portfolio Recovery Affiliates
Portfolio Recovery Associates Aka Portfolio Recovery Affiliates is trying to re-age an old debt

I received a letter from Portfolio Recovery Associates (PRA) on May 22. They claim I owe $2,500 on an old MBNA account that was charged off. The account aged out of the statute of limitations (SOL) by a few months, but PRA applied a fake payment to the account they have listed on my credit report. The payment was posted in May. I know neither I nor anyone in my household made that payment. Obviously, the company is trying to get around the SOL.
The company has made no attempt to call me, not that I would have spoken to them after what I have read here on the complaint. My letter claims that this account has been selected for arbitration review, but that I should call at my earliest convenience so the account can be resolved without formal arbitration. The company did not inform me of my right to a validation of the debt in the letter. They have not paid a registration fee to collect in the city of my residence, according to the law in Alabama.
I have learned my lesson about dealing with collection agencies. I paid off an old credit card, but the listing is still on my credit report and another collection agency has purchased it. I have begun the dispute process with one credit bureau on both the PRA item and the other one. Next, I will write specific letters to each credit bureau regarding my claims.
I have also sent a debt validation request, certified with return receipt, and I contacted two consumer advocacy attorneys that are listed on naca.net. One has contacted me for further information. I will never be taken in by collection agency sharks again.
Never ignore a debt collector by pretending they don't exist. They are becoming more and more aggressive. Keep everything they send you and record the phone calls if that is legal in your state. Most importantly, contact an attorney if you think your rights have been violated. If the attorney thinks he can win a suit against your debt collector, the service may not cost you anything out of your own pocket.
If you are having debt collection troubles, you can learn a lot by visiting debt collectors' websites to see how they operate, but also read everything you can find here at The complaint, naca.net, and at budhibbs.com.

Company: Portfolio Recovery Associates - Portfolio Recovery Affiliates
Country: USA
State: Virginia
City: Norfolk
Address: 120 Corporate Blvd
Phone: 8664288102

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