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CA- License "Inactive"

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bmblbg
Regular Contributor

CA- License "Inactive"

So I looked up Portfolio Recovery in my home state of New Mexico.  The NM Regulation & Licensing Department shows their license as inactive, having expired in 2004.  Is this something that I can use to my advantage in my dispute process?  Or- is it just useless information? 

Mortgage Scores:
11/26/2018 EQ: 542 EX: 610 TU: 548
8/30/2018 EQ: 571 EX: 504 TU: 533
7/30/2018: EQ: 598 EX: 591 TU: 608
4/5/2018 EQ: 543 EX: 522 TU: 467
Message 1 of 4
3 REPLIES 3
Shogun
Moderator Emeritus

Re: CA- License "Inactive"

I don't see that coming into play in a dispute, maybe if they were threatening to sue you it would make a difference.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 4
llecs
Moderator Emeritus

Re: CA- License "Inactive"

Ditto...because a licensing issue is a state matter. Reporting is a federal matter. You could put pressure via your state's AG to compel them to go away though.

Message 3 of 4
tmobileguy
New Contributor

Re: CA- License "Inactive"

I would think they can still report but I don't think they could pursue collecting from you by either calling or writing letters...


Starting Score: EQ 575 EX 595 TR 524
Current Score: EQ 643 EX ??? TR 638
Goal Score: EQ 300 EX 300 TR 300


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Message 4 of 4
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