Complaint / Review
Portfolio Recovery Associates
Sent a letter on 6/8/06 saying I owe $1950. I disputed and now I receive 1099-C

I received a letter from Portfolio dated 7/8/06 stating I owed $1950 on a credit card. I sent a formal letter of dispute within 30 days (07/19/06) asking for proof. I never heard back from the company. On 2/04/08 I receive a 1099-C form stating debt was cancelled on 12/11/07 in the amount of 1946.51. The debt description said Household bank (SB) N.A., credit card. The IRS said this would have to be reported as income.