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New Member
lynnc826
Posts: 3
Registered: ‎05-01-2007

Portfolio Recovery JUDGMENT - DV or PFD????

In 2011 Portfolio Recovery Services filed a judgment against me for an account that I previously had with HHGregg.  The original amount of the judgment was around $2,000, but has now increased to around $2,750 since then.  My dilemma is not knowing what to do NOW in order to resolve this issue.  Would a debt verification letter work at this point or have I given up any rights under a DV Letter since I didn't respond to the judgment within 30 days?  Is there a way to get them to agree to remove it?  Should I offer to settlement with them?  And if we do settle, would they remove it from my reports?  I do not have a lot of money, but would be willing to pay approximately $500 to resolve the issue if that would remove it.  I contacted the court and was told that they received a gree certified card, although they couldn't read the name.  I am working hard to clean up my credit and finally now realize the importance of having a good credit score.  Has anyone had any luck with getting items removed or settling with this company?  Any advice would be greatly appreciated.  Thank you!!

Moderator
Shogun
Posts: 10,925
Registered: ‎04-15-2011

Re: Portfolio Recovery JUDGMENT - DV or PFD????

A DV would serve no purpose here.  There's not any better validation than a court judgement against you.  I would try for a pay and have them vacate.


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Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Portfolio Recovery JUDGMENT - DV or PFD????

You can't DV the courtts or a judgment. 

 

It sounds as though they may have gotten a default judgment because you didn't show up.  You can contact the clerk and find out what paperwork they have.

 

I can't say if the creditor would take $500 for a settlement, you would need to ask them.  They may refer you to their attorney.

 

A judgment is not as easily removed than other negative items.  Once paid it would need to be vacated and in some states they just don't allow it.

 

 

New Member
lynnc826
Posts: 3
Registered: ‎05-01-2007

Re: Portfolio Recovery JUDGMENT - DV or PFD????

[ Edited ]

I was afraid that I was too late for a DV letter.   Their attorney sent me a letter a few weeks ago offering a settlement which was much too high for my budget.  I will write a letter to the attorney to see if they will settle for a smaller amount.  Thanks for the advice!


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