Florida, Tampa Division. Case No. MDL No. Location and Contact Details:. PRA Group, Inc. Norfolk, VA Phone: Debt-buying collector. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. All rights reserved About Us. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.
Community Rules apply to all content you upload or otherwise submit to this site. Ad Choices. Hey Rafael, I would give Portfolio a call to understand who was the original creditor on the debt.
Hope all goes well, Rafael. Let me know if you have any questions! I am receiving tons of letter from attorneys that I am being sued by PRA. I do know that I have an outstanding debt, but I would like to discuss my options to avoid going to court? Please send me an email and I will reply promptly. Yes, I will email you and see how we can help.
Hey Tiffany, I am so sorry to hear about your experience. I just responded to your email. Hopefully, we can connect soon. My name is Tien Truong. I have been received the summon from the court. But I have made installed payments online scheduled. Will Portfolio Recovery cancel the court order? Hey Tien, so sorry to hear this. Have you called them and made an arrangement via a stipulated judgement or did you start making payments without any agreement in place?
I received a lawyers letter at my house where he resides on a part time basis. We opened the letter since he and my husband have the same name. Should he call them first to try to find out the debt? Also, at the court they go by name and birth date? Can they mix up my husband and his name? Hey Mayra, I am so sorry to hear about the stress this must be causing. He has the right to validate the debt to make sure that he owes the debt.
It would be hard for me to know whether they could mix up your husband and his name. I am being sued by Portfolio. This debt has ben sold 3 times. Hey Kim, so sorry to hear about that. Hi there, I got served papers by Portfolio Recovery. I really need help understanding what I should do. Can you help me? Hey Brittnay, firstly, I am so sorry to hear that. Secondly, there are a few things that you can do, so it may be best to explore all your different options one by one.
Your email address will not be published. Skip to content. Who is Portfolio Recovery? What can Portfolio Recovery do to you? Why does Portfolio Recovery litigate?
Our hypothesis is that Portfolio Recovery has a multi pronged strategy when deciding whether to sue: Are you in a state that allows wage garnishment, liens and levies i. Are you able to make a payment to Portfolio Recovery, but are unwilling to do so i. How old is the debt? What do I do? What does it mean for Portfolio Recovery to have a judgement against me? Review your own records and determine: Whether you received a validation letter.
The amount Portfolio Recovery states you owe is accurate and whether you owe the debt Whether the debt is past the statute of limitation for your state. Feel free to reach out to me or search for that using your search engine. Handling the Portfolio Recovery lawsuit: The first thing to do when you get sued by Portfolio Recovery is to determine whether you owe the debt.
If you owe the debt: When you owe the debt, there are four main avenues that you can take, and we can use our calculator to help you distinguish which options are most relevant. Pay the Debt in Full This option is often much easier said than done.
Settle the debt before judgement Settling the debt before judgment is one of the most common things to do in a situation where you have been sued. Cons : You may get a higher rate to the creditor than another provider would get as they generally have worked with these providers before and understand how low they can go. This con can also go for the term of the settlement as some creditors may provide longer terms to pay the debt and having previous data helps in those negotiations.
You will also be able to sit on the sidelines instead of negotiations which some people do not like doing. Settle the debt with a debt settlement provider: Pros : Debt settlement companies often track the settlement data religiously, so they often know how low a creditor may go. Another pro is that it means that you can be on the sideline instead of having to negotiate with an opposing attorney.
Cons : There is also a fee for this service. A lawyer can also take the case to trial. This can be especially useful if the debt does not belong to you and the debt is fraudulent. Cons : There is a fee for this service.
The best fees are either a percentage of debt saved incentivizes them to get the lowest amount or You are also almost always going to get a better deal with a lump sum settlement. Research whether bankruptcy is a good option Bankruptcy may also be a valid option when you are sued. Do nothing and allow for a potential default judgement to be taken, It is good to speak with Portfolio Recovery if you do not and cannot have money to pay the debt.
The burden of proof lies on Portfolio Recovery. If you do not owe the debt, then this may not be a difficult case. The contract that you signed was illegal or that you signed it based on false information. This may be raised, and you may want to see outside assistance to determine if this your case. A couple things to note: If you are able to negotiate a settlement with the debt collection lawyer, get everything in writing. Many creditors will have you sign something that states that if you do not follow through with the payments that a judgment will be forthcoming.
Once the debt has started to go through the process a lawsuit has been filed, so there is an outstanding case against you. The discount will generally be lower than attempting to settle the debt before the case has been filed. It will be unlikely to get a higher discount. I may be able to afford to settle. Should I settle my debt? If Portfolio Recovery is able to obtain a judgment, will they be able to garnish my wages?
Portfolio Recovery already received a judgment against me. I do not believe I can do this on my own. Can you help?
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