"New Account" with Portfolio Recovery...Any Help Accepted

[Anonymous]

Have you checked your credit report?    Under Portfolio the Original Creditor should be listed.

I am currently paying off my old Providian Credit card through them,  though they wouldn't agree to a PFD, they did work very well with me and I was able to set up a very affordable payment plan and after 4 months of on time paying they even stopped charging the interest on it.   Only two more payments to go with them  WOO HOO!!!!!!!!!!

[davidboca]

When it comes to Credit Card SOL in Florida, one will find that most of the time the judge rules 5years SOL. Even 'appeal level' rulings! Charge Cards (store/gas) sometimes are allowed to fall under the 4 year SOL.

[Anonymous]

I have checked the report, OC is not listed.

[Anonymous]

Did you find out who the OC was?

I'd wait. Be sure you are past SOL, then you will be in a better position to deal with them as you please.

I did not have the same experience with them as  Boswd did.

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scoppe wrote:

Listed DOLA is Mar 2003.  SOL in FL is 5 years, so they have until Mar 08 to sue.

Would it be a better idea to wait until April to DV them, since SOL would be up then?

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[Anonymous]

Any chargoff's?

[Anonymous]

Ok, I pulled an EX report and got more info.

OC is Cap1.

Portfolio is reporting the new account opened  09/01/07 and collection as of 11/07.

I have received nothing from Portfolio as of today, and there seems to be some confusion about SOL for FL on a CC, 4 or 5 years.  DOLA showing here is 03/03, so I'm either out of SOL or have until Mar 08.

I don't know if I should do anything at this point because I don't know if I'm still within SOL or not, and don't want to make waves until I'm sure I'm out.

Should I just let this go for now and do something next April, assuming I haven't been contacted by them before then?  If they contact me, I'll DV them and try to get some breathing room waiting for a reply.  It should be able to stretch out till then with the 30 day periods.

Any suggestions?

[Anonymous]

To truely get to the bottom of this I would suggest calling your State's consumer affairs office or your Attorney's General's office and get the exact ruling on where credit cards stand in regards to SOL.

[Anonymous]

scoppe- check your PMs

[SmartCookie]

Don't touch... enjoy the holidays and worry about it in April.  Your plan is exactly what I would do in your situation.

[Anonymous]

Warning they are not a nice company. I had an old Providian account now Wamu from a business that went south $3,500.00. Ok I owed it and I paid it as soon as I found it was owed. (thought the company paid it off but I digress) Portfolio reported it twice and so did Wamu even though I paid it off as soon as I found out neither Portfolio or Wamu will have the duplicates deleted thus 4 derogs on on all three.