CA is this considered fraudlent reporting?

[Anonymous]

Portfolio recovery associates placed a collection account on my report in April of this year. The account is from Capital One which is over four almost five years old, which makes it past the statute of limitations in Florida. I immediately disputed the account with all three credit bureaus because this collection agency is notoriously difficult to deal with. All three bureaus updated the dispute that the collection agency had verified the account. My next step was to call the agency and try to work out a settlement and a possible pay for delete. Anyways, so when I called they informed me that I would not be able to settle or do anything with the account till August because the account is in dispute status and they are waiting for Capital One to furnish a copy of my original contract. Is it considered false reporting that they verified my account with the credit bureaus without having the supporting documentation? They did not have this documentation within 30 days of my dispute. Is this an argument to get it deleted? 

[Anonymous]

i dont know much about this , but good luck ! 

i once had an att collection with eos i believe (dont remember the name correctly) but when i did the dispute i simply put it was not mine and they didnt verify.

[NY2014]

Hi Michelle 1988
I saw your post and had the same problem with a different debt Buyer regarding how to have them send you a proper validation Debt . Be aware Portfolio Recovery are Debt Buyers . Bulk And I'm assure they do not have original documents expecially if it's bought from capital one recently . They are only going to validate the fornisher the same information with What's on your CR and it will Come back Rhe debt is yours . Called the --O-Oscar .verification system that Debt collection agencies use to validate and try to get away with it because it's a guide line the CRA , but extremely abused. When I first week here Myfico sense a yr ago . Helps . I PM you with more details welcome to the forum .

[Anonymous]

Florida...what's with all the scumbag debt collectors here? I unfortunately had the displeasure of dealing with PR along time ago. I am surprised they did not jump all over your money. Just be careful these 2 months you are waiting they will try to add on fees.

[NY2014]

I agree with Sullvan 1986 , Portfolio recovery are known to be impractical, numerous lawsuits and if they can get away with they will
First if it was me I would not communicate with them by phone contact . Second move your post to Rebuilding , you will get more advice and help in that Thread.
http://ficoforums.myfico.com/fico/board/message?board.id=rebuildingcredit&thread.id=61276
When I had similar problem dealing with the problem now you are negotiating with PR, and most important rule of thumb . Never ,Never volunteer information they can use to update there file, to validate the CRA, because once you have contact with any collection agency, regardless , you owe or not. They will try to reset the clock claiming you made an agreement to pay the debt .
Know you have more work cut out for you. But be positive and don't back down .if you feel your consumer rights, deception, false information,Beas reported . And always remember , they have to prove the debt is yours and accurate. If the original Creditor (CA) is reporting capital one. Charge off. Or states Sold/tranfered means they wrote the debt off. And if the Debt collection agency is reporting as well with a different account # that's a sign they bought the debt .but reporting as they are collecting for the OC,
Usually, the Debt collection will tell you they are waiting for the documents from the OC, and 90 % the OC, does not have on file or transferred, especially Cap1/ 3/5 years ago . When they Bought HSBC,most likely any Junk debt Buyer bought those debts pennies, with just and account # Name, and billing amount Owed . Again ..stop all communication with PR ,Remind them fair debt consumers right by
Sending a DV letter Certified to stop all contact stop all negative reporting until the debt is verified by the original OC and there recorded who owns the debt. Which is important,. Check your credit report when was the last payment . And that will tell you in your state if that's SOL has past .
Don't get frustrated while going through the process,. Just read up in comsumers rights FTC website but mostly . Someone is always here to help . I was feeling very down and frustrated until I got great advise . And made a lot of mistakes.. I always have to check in religiously for a check up lol
Good luck

[RobertEG]

What specifically was the inaccuracy in their reporting that was the basis for the dispute?

It is not possible to comment on verfication of information disputed to be inaccurate unless the nature of the information and basis for contesting its accuracy is known.

[Callandra]

Well, is this debt actually yours? It sounds like it is. If it is and it's accurately reporting it, you shouldn't be disputing it. Disputes are for debts that are not yours or are not reporting accurately. 

Your best bet is to try for a PFD (pay for delete) and if that doesn't work, be persistent with it or just wait 'til it falls off. It seems like it's already 4-5 years old (what's the DofD ~ date of first deliquency?). Paying it could update it and cause a score loss although that will not change the fall off date. However, paying in full always looks better upon manual review (how much is it for?). 

[Anonymous]

I think what the OP is asking is "how did Portfolio verify ownership of the debt to the credit bureus and now they are telling her that they have to wait for the evidence to verify that they own the debt from Capital One"

I agree with the OP, something just doesn't seem right here. OP, I would run it by a lawyer and see what they say.

[RobertEG]

The post did  not state what was disputed.  It could have been anything.

[Anonymous]

Thank you for your replies. I filled out a fraud affidavit and faxed it to them and they removed the account that day PLUS they removed an old account that I paid off years ago that was just sitting on my credit report. They didn't have enough info to prove that those accounts actually belonged to me. I regret paying off that other account now.