topic Re: Portfolio Recovery Associates/Capital One Question in Rebuilding Your Credit

Portfolio Recovery Associates/Capital One Question

javonnj — Mon, 06 Feb 2017 16:36:57 GMT

I currently have two Capital One accounts that have been placed for collection with PRA:

ORIGINAL LENDER

Portfolio Recovery A

08 Capital One Bank Usa N A

Capital One Bank Usa N.A.

AGENCY NAME

–

Portfolio Rc

Portfolio Recovery Ass

DATE ASSIGNED

04/01/2016

03/17/2015

ORIGINAL BALANCE

$469

CURRENT BALANCE

$469

RESPONSIBILITY

Individual

STATUS

–

Collection account

Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's public collection department

COMMENTS

Collection account

Placed for collection

–

My issue that I have is that PRA has reported the date differently on the experian report for when the account was assigned for collections. I am not sure if there is anything I can do about this to get it temporarily removed/possibly permanently deleted. Also, my account still shows as active, or at least I think it does, on Capital One's site. When I go to close account, this account populates. When I click through the steps to close the account, I am prompted to call a number to discuss the account. I am not sure at this point of who is in possession of this account and what steps that I should take and what possible outcomes I may have.

Any advice/guidance that can be shared would be helpful.

Re: Portfolio Recovery Associates/Capital One Question

RobertEG — Tue, 07 Feb 2017 00:31:39 GMT

The date assigned has no substantive effect on credit scoring. Its only substantive effect is that it estalishes that any reported DOFD must, by definition, precede the date of collection authority.

It is possible that there was an initial assignment that was, for some reason, terminated, and then a subsequent new assignment was executed.

It is not per se inaccurate.

If you dispute, the debt collector is required to either verify or correct the accuracy of the disputed information. If neither is done, the information must be deleted until it is verified or corrrected. The requirment to verify, correct or delete applies only to the specific information under dispute, and would not be basis for requring deletion of the entire collection.

I would not recommend a dispute. It is not reporting that substantively relates to scoring or the legitimacy of the debt/collection.

Re: Portfolio Recovery Associates/Capital One Question

stargazer25 — Tue, 07 Feb 2017 04:32:07 GMT

PRA is a tough cookie to crack. They don't do PFD and unless you have a legit issue that can be sent to CFPB, you are out of luck.

Good luck with your credit rebuild.

Re: Portfolio Recovery Associates/Capital One Question

javonnj — Tue, 07 Feb 2017 14:40:43 GMT

Thanks for the responses. I called Capital One this morning, and they did confirm that they have sold the debt to PRA.

One thing that I am confused about is that for Equifax, they are reporting themselves as the original creditor. Should I just ask Equifax to update the information so that Capital One is shown as the original creditor? Should I just leave it alone and not worry about it?