topic Re: Portfolio Recovery Associates in Rebuilding Your Credit

Portfolio Recovery Associates

Anonymous — Wed, 03 Jul 2013 05:43:57 GMT

Help!

Here's the situation...

2001-Opened a HSBC account

2006-Completed a debt relief management program with Careone - I believe the only thing they didn't negotiate down or unable to was this HSBC card.

Post DRM Program to Current--Never made a payment to them after the completion of the DRM program---never talked to a debt collector & I ignored the letters & just tonight got served with a summons saying I owe this amount because I opened this account in the last 4 years. My credit report shows that this account was charged off.

I live in California--the account was opened in California. I read the statue on Debt is 4 years. I see that PRA are scum bags. What can I do to stop them in their tracks? How can I get this removed from my credit report since this was charged off by HSBC? I am trying to rebuild my mistakes from the past---please if anyone can help.

Thank you for taking the time in reading this.

Re: Portfolio Recovery Associates

pizzadude — Wed, 03 Jul 2013 12:45:07 GMT

Welcome to the forums !

I'm going to move your post to the rebuilding forum.

Re: Portfolio Recovery Associates

fishbjc — Wed, 03 Jul 2013 13:18:06 GMT

If PRA purchased the debt, they own it. They have legal right to collect on it. Whatever you do, you must answer this summons or they can get a default judgment.

They are a tough nut to crack....one of the hardest. BUT, it can be done.

Re: Portfolio Recovery Associates

DaBears — Wed, 03 Jul 2013 14:34:16 GMT

When was the DoFD on the account. Very important to know.