Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 253
Registered: ‎02-24-2011
0

Portfolio is suddenly calling me

Although Portfolio has sent settlement offers every few months for probably two years, they've never called us at all until this week. Suddenly they're calling from various numbers every few days, but they haven't left any messages. The account is the result of an HSBC CO in 2007 and the SOL ran its course over a year ago. I was just curious whether anyone else had this experience with them. I'm wondering why they suddenly got more aggresive.

At this point I don't have the funds to try a PFD or anything, but I'm hoping to pursue that in the future.


Starting Scores: 10/9/10 EQ 632
Current Scores: (9/5/12) EX 761 EQ 657 TU 780
Derogs Removed: LVNV, Union Bank, EOS-CCA, Zenith Acquisitions, Marigold Financial, Credit Collection Services, California Business Bureau
Working On: Portfolio Recovery Associates, Midland Credit Management, Credit One
**************************************************************************
BK Ch 7 -- discharged 12/14
(still have 10k on a CC in a relative's name to tackle)
Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
0

Re: Portfolio is suddenly calling me


SFernandez13461 wrote:

Although Portfolio has sent settlement offers every few months for probably two years, they've never called us at all until this week. Suddenly they're calling from various numbers every few days, but they haven't left any messages. The account is the result of an HSBC CO in 2007 and the SOL ran its course over a year ago. I was just curious whether anyone else had this experience with them. I'm wondering why they suddenly got more aggresive.

At this point I don't have the funds to try a PFD or anything, but I'm hoping to pursue that in the future.


They probably have a database with debt beyond a certain age, and they are robo dialing them all.. if its past SOL they are hoping to find someone who doesn't know the law, and since it is older, might be in a position to pay now..

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Frequent Contributor
Posts: 253
Registered: ‎02-24-2011
0

Re: Portfolio is suddenly calling me

You're probably right. I was wondering what would've made them think it was collectible all the sudden, but it's probably just that.


Starting Scores: 10/9/10 EQ 632
Current Scores: (9/5/12) EX 761 EQ 657 TU 780
Derogs Removed: LVNV, Union Bank, EOS-CCA, Zenith Acquisitions, Marigold Financial, Credit Collection Services, California Business Bureau
Working On: Portfolio Recovery Associates, Midland Credit Management, Credit One
**************************************************************************
BK Ch 7 -- discharged 12/14
(still have 10k on a CC in a relative's name to tackle)
Highlighted
Valued Contributor
Posts: 2,669
Registered: ‎04-25-2011
0

Re: Portfolio is suddenly calling me


SFernandez13461 wrote:

You're probably right. I was wondering what would've made them think it was collectible all the sudden, but it's probably just that.


Well;; you have also shown improvement in your credit makeup, and they likely can see that if they have soft pulled you.

 

I have started to give CAs more respect in how the come to the conclusion that people can pay debt, or the people they specifically target. They may be unethical or cheats, but they aren't stupid.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Valued Contributor
Posts: 1,587
Registered: ‎08-30-2012
0

Re: Portfolio is suddenly calling me

Portfolio has been known to robodial and have been accused of it.

 

Google them, you'll see.

 

As for why they are doing it? My guess is that it's getting close to the end of the year and they are trying to fluff their numbers a bit.

Scores: about 700 across the board
Total CL: $275k

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.