So I was at the casino gambling (I know!) and my wife sent me a picture mail of a letter she received in the mail for me. I could see that it was from PRA but I couldn't read it as the text was too small. I just got home and it reads:
Dear sphinx313,
Portfolio Recovery Associates, LLC ("PRA") has concluded its investigation of your dispute and is closing your account. PRA filed a Universal Data Form electronically requesting that the three major credit reporting agencies delete PRA's trade line for this account on your credit reports.
Please allow up to 60 days for each of the three major credit reporting agencies to update their records accordingly.
Sincerely,
Disputes Department
Now, I don't believe I ever disputed PRA through the CRA's and the only communication I have EVER had with PRA was a SINGLE e-mail I sent to an executive 14 days ago. The e-mail I sent read:
sphinx313
123 House St
Random ST, 12345
Date: 09NOV12
Re: Collection Account ($414)
Mr. PRA,
This e-mail is in response to your credit report entry on 01APR11 related to the debt listed above. There is no account number listed on the credit report entry, so I apologize that I cannot furnish that information. I would like to save us both some time and effort by settling this debt.
Please understand that this is not an acknowledgment nor acceptance of the debt, as I have not received any verification of the debt. Nor is this a promise to pay and is not a payment agreement unless you provide a response as detailed below.
I am aware that your company has the ability to report this debt to the credit bureaus as you deem necessary. Furthermore, you have the ability to change the listing since you are the information furnisher.
I am willing to pay $200.00 in return for your agreement to remove all information regarding this debt from the credit reporting agencies within TEN (10) calendar days of payment. If you agree to the terms, I will send certified payment in the amount of $200.00 payable to Portfolio Recovery Associates in exchange to have all information related to this debt removed from all of my credit files.
If you accept this offer, you also agree not to discuss the offer with any third-party, excluding the original creditor. If you accept the offer, please prepare a letter on your company letterhead agreeing to the terms. This letter should be signed by an authorized agent of Portfolio Recovery Associates. The letter will be treated as a contract and subject to the laws of my state of Indiana.
As granted by the Fair Debt Collection Practices Act, I have the right to dispute this alleged debt. If I do not receive a response within 15 days, I will withdraw the offer and request full verification of this debt.
Please forward your agreement to the address listed above or e-mail it in any available and readable format.Sincerely,
sphinx313
I never received a response, until the letter that came today and it was not from the Executive I sent it to, it was a basic letter from the Disputes Department.
This debt was valid, and I never sent any DV's or anything, just this one letter. Someone doesn't have their paperwork in order. I am going to count this as a win for one reason, it's PRA. Now at least if it pops up later on down the road, it may be with a CA that wants to do business and won't just say no every time. I know it has the possibility of popping up someday, so while it's a bittersweet victory, it's still a victory!
Now to GW the heck out of HSBC and see if I can get the actual TL removed. As for now, I will just pay it forward and send anyone the E-mail I used as it was given to me by someone on this Forum. :
hort-lived victory dance!::
hort-lived victory dance!::
Starting Score: EQ: 383 2/2011
It is a deletion, however since the debt has not been satisfied, there could be another CA pop up with the debt.
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.
On a positive note, maybe you will get a more cooperative CA than PRA. We could only hope. Good luck!
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.
Those were exactly my thoughts, and you were the one that provided me the e-mail I used. A PRA deletion is one to be happy about! Thank you Shogun!
You're welcome. I fought with them for over a year!
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.
Walk away very slowly.
Oh you have NO idea lol. I laid on the floor and rolled away.
I'm pretty sure I've got a good idea. They're my personal mission right now.
It's strange...like...part of me wants to call them and be like "I offered you $200 to delete, why didn't ya just take it so this can go away" and the sane part of me is like "let it go bro, you've seen people just completely give up on this particular company, walk away". I'm just so curious what type of paperwork error there was in this case. Obviously, I hope someone just shredded it's existence since HSBC could care less anymore, it's gone from their books.
Listen to the rationale side....let it go.
Lol
Lol