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Established Member
Edk83
Posts: 19
Registered: ‎11-07-2012
0

Unsure of Action to take with Portfolio Recovery- Help!

Hey everyone! I have an old collection on my CR for a credit card from Wells Fargo passed onto Portfolio. Original amount was 700, now its 1150 or something. It is now past its SOL. I sent a debt validation letter last year and I did not get the information I wanted. Now I have a 'Consumer disputes after resolution' comment. There was no resolution in the first place. The debt is due to drop off March 2015. I was wondering should I pay it all off? Offer a PFD letter and pay a lower amount? Or just sit tight and wait? If I was to do PFD letter, could you please PM me any info about your experiences with these lads in the past? Thank you so much. Stuck on a 623 FICO score and need to build it soon!

Valued Contributor
madmann26
Posts: 1,453
Registered: ‎08-30-2012
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

Good luck with PRA and drink plenty of alcohol.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 690|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
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Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

Try a PFD, maybe you could have some luck.

 

     I am writing you in reference to account# XXXXXX that appears on my credit report.  I do not recall this account and I am unsure of it's origins.  I am aware that this debt is past the SOL of my state.   Although this account is unknown to me, in an effort to clear this matter and settle this debt I am willing to make a gesture of good faith and pay $whatever to resolve the debt if you are willing to return said gesture and delete this account from my credit report.   I thank you for your time and await your answer.  Thank you.

 

 

Try something like that.  Good Luck


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!
Established Member
Edk83
Posts: 19
Registered: ‎11-07-2012
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

Thank you Shogun very much. I think I'll just keep PFD'ing them. Is there an e-mail address that has proved productive in the past?

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

Sent, check your mailbox.


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!
Regular Contributor
Rlandon87
Posts: 153
Registered: ‎10-03-2012
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

Use the search button
 photo ficos3.jpg
Regular Contributor
turts14
Posts: 129
Registered: ‎02-14-2012
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

They are difficult to deal with....I attempted to PFD and then decided to settle after rounds and rounds of NO from them.  Then I called to check on the status of my updated after I paid them and they stated they are in the process of updating and removing the account.  Removing? I thought and called again to double check and sure enough they did remove and is now off my credit report.  I am not sure if I just got lucky or what the scenrio was but it did get removed after settlement.  Good luck 

 

Established Member
Edk83
Posts: 19
Registered: ‎11-07-2012
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

Thank you all so much. I got an email the day after I contacted them with this response:

Thank you for contacting Portfolio Recovery Associates.

 

We have investigated your dispute, determined to close the account you referenced, and will request that the credit reporting agencies delete our trade line for this account

 

Is that a result or what!!!!

Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

That's the response we wanted!!!!!!  Congrats!


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!
Valued Contributor
madmann26
Posts: 1,453
Registered: ‎08-30-2012
0

Re: Unsure of Action to take with Portfolio Recovery- Help!

That's the response that I want!! **bleep**!

 

/end rant


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 690|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey

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