Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Portfolio Recovery

Date: Wed, 03/19/2008 - 05:18

Submitted by anonymous
on Wed, 03/19/2008 - 05:18

Posts: 202330 Credits: [Donate]

Total Replies: 4


I posted on here several weeks ago after I had gotten home from the hospital after having a stroke. Stroke caused brain damage and almost blind, have to wear 2 pair of glasses to read and write. I only have Social Security income and own no property or cars. I sent DV and CD request to a CA by certified mail rrr, but they never signed for it. I pulled a copy of my CR this morning and it shows the CA sold it to Portfolio Recovery Assoc.. My CR has "Type of Loan" Factoring Company Account Purchaser", and shows a payment of $300.00, but no date of last payment. I checked with the SOS in GA. and they aren't licensed to collect in GA. I am going to send them a DV and CD letter tomorrow. What can I expect from these people? Anything else I should do? I'm trying to stay a jump ahead of these CA's. Thanks for all the help and advice on this site.


hi again Ray, how have you been doing? My family has kept you in our prayers, I hope that your recovery has begun.

OK, good looking out on that new DV letter youre sending. I cannot tell you for certain, but I can take an educated guess at what happened.

1--the previous CA tried to get you to pay.

2--you sent them a certified letter, which by now CA's would pretty much know that a certified letter when they asked you to pay probably means a DV request.

3--They didnt sign for it.

4--This debt was sold to someone else.

This is usually a decent indication that they cannot validate the debt. These companies buy up debts and their only way to break even is to collect on them. If they had the proof you were looking for, they would not have been so eager to sell that debt to yet another collector.

Send out the new DV letter, certified RRR. Let us know what happens. Oh, one more thing--do you know the date that Portfolio put this on your report? That is considered a communication, and within 5 days of that communication they are required to send you a statement explaining your rights. My guess is that they did not do so. Thats worth $1000 in your pocket--an fdcpa violation. Let me know how this turns out, I would be more than happy to help along the way. And you take care of yourself!

Jon


lrhall41

Submitted by skydivr7673 on Wed, 03/19/2008 - 06:26

( Posts: 2036 | Credits: )


Thanks Jon for your prayers, I still have problems with my vision, supposed to have laser surgery 4/1 to seal off leaking blood vessels in my eyes. Am taking Coumadin blood thinner and blood has gotten to thin, bleeding out my nose and mouth.
Credit Report shows Portfolio reported this on my CR 2/2008. Thanks for your asistance in this matter. I may email you to get you to help me with this matter.
Thanks again.
Ray


lrhall41

Submitted by on Wed, 03/19/2008 - 08:21

( Posts: | Credits: )