What do I do if Portfolio Recovery does not give proof of my pay-off?
portfolio recovery associates
Kry: Come to my site, and on the side is a link called 'letters for all collection needs'. It should have a letter to send them via certified mail to clear this up. Your situation is covered by federal laws. Get back to me, and let me know if you need more assistance.
I haven't heard many collection agencies giving paid in full. Po
I haven't heard many collection agencies giving paid in full. Portfolio recovery associates llc usually collects on old debts. Is there any written document where they said that your account will be marked paid-in-full? You may also send a letter mentioning that you have made your last payment and also ask for a PIF (Paid-in-Full) for the concerned debt, as agreed. Else you can file a complaint with your state's Attorney General.
Hey Isle, You're answering a thread of more than 1 year. But
Hey Isle,
You're answering a thread of more than 1 year. But I liked your answer. You seem to be a knowledgeable person. Why don't you join our community?
Portfolio Recovery Associates
For information sake let me add that even if a CA like Portfolio Recovery Associates llc gives you a PIF, it doesn't mean that the original creditor is obligated to remove the negative listing from your credit report. So, it is always desired that you negotiate with your creditor directly.
Otherwise I completely agree with our guest, Isle.
I have found some sample letters along with good information fro
I have found some sample letters along with good information from fair-debt-collection.com which may come handy to you.
Quote:
This paid in full letter should be sent to collectors via return receipt requested. Although the letter demands confirmation from the bill collector or collection agency that the debt is paid in full, it can also serves as proof that you did pay off the debt. Quite often additional fees and interest charges are added after you've sent in your final payment. Don't pay more than the agreed upon amount. |
Sample Paid in Full Letter to portfolio recovery associates
Quote:
Free Sample Paid in Full Letter Informing Collectors of Your Final Payment Today's Date Your Name Home Address Phone Number Attention: {name of collector} Name of Debt Collection Agency Address Account Number: {account or reference number} Dear Mr. /Ms. {Collector's Name or Collection Agency's name} You'll find my final payment on the above referenced account enclosed. I request written confirmation showing this account as {paid in full or settled} according to our agreement on {insert date of agreement}. However, should you choose not you provide me with confirmation, I will use your acceptance of this final payment as proof that you agree the account is {paid in full or settled}. Now that this debt is paid, I do not expect to hear from you except to confirm the account is paid. I will consider any other contact from you or you company as harassment and will immediately report your actions to my State Attorney General and to the Federal Trade Commission and, if necessary, take whatever legal action is necessary to protect myself. Finally, I expect you to remove this account and all references to my personal information from your records. Signature just above printed name Your Printed Name |
Sample Previously Settled Debt Letter to portfolio recovery
[quote]Free Sample Previously Settled Debt Letter
September 28, 2003
Your Name
Home Address
Phone Number
Attention: {name of collector if known}
Name of Debt Collection Agency
Address
RE: Collection letter dated {date of letter here} or phone call on {date of call here} reference account #: {account or reference number}
Dear Mr. /Ms. {Collector's Name of name of Collection Agency}
This letter is to inform you that the account in question was settled on [insert date] with [insert name of collection agency]. I have enclosed copies of the settlement letter and proof of payment. You now have proof that this debt is no longer collectable, therefore I demand that you remove this account, and all references to my personal information, from your records.
I do not expect to hear from you again regarding this matter however, should you choose to ignore this notification, I will consider any contact not in accordance with the Fair Debt Collection Act, a serious violation of the law and will immediately report any violations to my State Attorney General and to the Federal Trade Commission and, should it become necessary, take legal action to protect my myself.
Signature
Your Printed Name[/quote]
Great Information Phoenix. I'm here in this forum for quite some
Great Information Phoenix. I'm here in this forum for quite sometime and sharing and gathering information from this forum. Yes, I'll definitely join this community. Thanks for asking.
charge off account
i got a citation today because portfolio and associates are suing me for a charge off account and the original creditor was citifinancial. what do i do about this issue?
What state do you live in? When was the last time you paid on t
What state do you live in? When was the last time you paid on the account? What else came with the summons? More info please.
I use to work for a collection agency and they just tell you tha
I use to work for a collection agency and they just tell you that to make you feel at ease. But in reality the statement does not come until 30days of the agency receiving the final payment.
Im dealing with Portfolio and we agreed to settle for a certain
Im dealing with Portfolio and we agreed to settle for a certain amount and they said they would send me a letter stating on what we agreed on well 30 days later and 4 phone calls and a email sent to them requesting the letter and nothing should i continue payments as I have only made one so far?
I would not pay anymore until you see actual settlement agreemen
I would not pay anymore until you see actual settlement agreement.
I told Portfolio that I never owed the company money (a cell pho
I told Portfolio that I never owed the company money (a cell phone company I used when I was 18. I am now 31). Then they asked me if I wanted to contest it (or what ever it was called) I said yes, and they refused to send me ANY INFO! I seriously think this place is a big fat scam. If I DID owe money on that, it was like 13 years ago, but I don't/didn't. Now that I have talked to them once, they call just about every day. Don't give them money. Don't answer the phone call. Google it and read what other people are saying. It's insane.