What is my best plan for this?

[jzsnow]

PORTFOLIO RECOVERY A Hide Details	VIRGINIA -632836XXXX	04/2010	$236	07/2012	$236		N/A
PORTFOLIO RECOVERY ASSOC Riverside Commerce Center 120 Corporate Blvd Ste 100 Norfolk, VA-235024962   Account Number: VIRGINIA -632836XXXX Status:   Account Owner: Individual Account.  High Credit: $236   Type of Account : Open Credit Limit:   Term Duration:   Terms Frequency:   Date Opened: 04/2010   Balance: $236   Date Reported: 07/2012  Amount Past Due: $236   Date of Last Payment:   Actual Payment Amount: $100   Scheduled Payment Amount:   Date of Last Activity: N/A Date Major Delinquency First Reported: 06/2010  Months Reviewed: 25 Creditor Classification:   Activity Designator: N/A Charge Off Amount:   Deferred Payment Start Date:   Balloon Payment Amount:   Balloon Payment Date:   Date Closed:   Type of Loan: Factoring Company Account (debt buyer)  Date of First Delinquency: 07/2007  Comments: Collection account   81-Month Payment History No 81-Month Payment Data available for display.

[jzsnow]

1. What is a factoring account?

2. This is being reported monthly...every single month!

[Anonymous]

Since the debt is so small- I think a PFD could be effective.  

[jzsnow]

I have offered to PIF for a PFD and been rejected about 5 times now.

[Anonymous]

If you just pay it- they have no choice but to say it's PIF.. thats the facts.   Also, if you are in VA- I'm pretty sure the SOL is up on this, so they can't collect anyway.  You could use that as leverage and say-- I want this off and even though you aren't tnitiled to anything- I'm willing to pay only if you take this off.  

[jzsnow]

well, I refuse to PIF unless they give me a PFD. I can wait it out if need be for it to fall off on its own. 

I was in VA when we had this account, but now live in Alabama. I think that the VA SOL would remain since that is where this account was opened. It is also a utility account, so i'm sure they couldn't use AL SOL, right?

[Anonymous]

They can use either state- The one that benefits them.  VA is 4 years and Alabama is 6 years, so i'm sure they would use Alabama.  One important question- during any of your communication with them, did you acknowledge tghe debt as yours?  If you did, that restyarts the statute from when you do that.  If not, this falls off next year in AL.  You might try to uswe the VA SoL in your next communication and see how they respond.  It's worth a try or just wait these stubborn fools out.  

[rckstrscott]

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@jzsnow wrote:

well, I refuse to PIF unless they give me a PFD. I can wait it out if need be for it to fall off on its own. 

I was in VA when we had this account, but now live in Alabama. I think that the VA SOL would remain since that is where this account was opened. It is also a utility account, so i'm sure they couldn't use AL SOL, right?

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May I ask why you refuse to PIF without a PFD?

I removed 13 accounts with GW after PIF, and one of those was Portfolio Recovery.

Sometimes, just being stubborn doesn't always mean the best choices for credit repair.

-scott

[rckstrscott]

Also; I went through the exact same thing you currently are:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Portfolio-Recovery-intentionally-messing-with...

My end game solution out of frustration was to just pay in full, and take the gamble with GW..

It was off the report less than a month after I paid..

-scott