Who is Portfolio Recovery Associates, LLC?
Portfolio Recovery Associates also referred to as Portfolio Recovery is one of the largest debt collection companies in the world. This collection agency purchases old debt from companies and tries to collect on it. Because in most cases, the debt is old, they can buy this debt for extremely cheap. They then start collection calls to get the money as fast as they can.
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Is Portfolio Recovery Associates a Scam?
The collections services provided by Portfolio Recovery are real, however, they may not always be done the right, and fair way.
In fact in some instances, they go straight to sending out summons for court appearances in an attempt to get you to pay your debt faster. If you choose to ignore a summons, funds can be seized or your wages can be garnished to retrieve the owed monies. This is a scare tactic, but also may not be legit in some cases.
Are you being harassed by Portfolio Recovery?
Portfolio Recovery Associates (PRA) may also sometimes make harassing calls and send out threatening letters. In some cases they may have your information by mistake ~ so they are sending the WRONG PERSON collection notices!
Harassment and abusive calls are prohibited by debt collection companies. Have you felt like you are being harassed by Portfolio Recovery Associates? Are you receiving threatening letters?
The legal team at the Consumer Law Firm of Francis & Mailman can help end illegal harassment and resolve discrepancies if you do not actually owe money.
Under the Fair Debt Collection Practices Act (FDCPA), debt collection companies such as Portfolio Recovery Associates cannot do the following while trying to collect a debt:
- Contact anybody who is not the main person that owes the debt
- Threaten you with referral to an attorney, harm of credit, or wage garnishment without the actual intent to act on the threat
- Calling at “unreasonable times” such as before 8:00 AM or after 9:00PM
- Contact you at your employer’s office if you tell them not to
- Place calls to your employer to inform them of your debt or disclosing any aspect of the debt to others
- Use profane or obscene language during calls
- Send collection letters that appear to be from a court or government office
- Threaten to arrest you if the debt remains unpaid
Hire Francis & Mailman
Contact the Consumer law firm of Francis & Mailman today at 1-877-735-8600 or fill out the free quote form to stop harassment from Portfolio Associates or to see what action can be taken against PRA if they have violated any of your consumer rights.
Contact Information for Portfolio Recovery Associates LLC
|a.k.a.||Anchor Receivables Management|
|Address||120 Corporate Blvd.|
|Address||P.O. Box 12914|
|Address||4829 Hwy 45 North|
|New Market Mall|
|Address||5200 West Mercury Blvd.|
|Address||500 West 1st Avenue|
|NasdaqNM||PRAA (Holding @+/- .50)|
|Head Debt Collectors|
|Contact 1||Steve Fredrickson, CEO|
|Contact 2||Andrew Holmes, President|
|Contact 3||Craig Grube, Sr. VP|
|Contact 4||Donald A. Williams, Associate General Counsel|
|NasdaqNM||PRAA (Holding @ +/- $43.50|