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Portfolio Recovery Associates Pay For Delete NOW!!!!

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Established Contributor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

This is a fairly old thread @kmg110 you may not get the answers you are looking for.






~~ Former Royal Navy Submariner - Proud to have served ~~
Message 11 of 42
Member

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

Oh sorry, I found the this thread while googling PFD w/ PRA and decided to ask more questions. The thread is a month and a half old so I thought that it was ok to post in.
Message 12 of 42
Established Contributor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!


@kmg110 wrote:
Oh sorry, I found the this thread while googling PFD w/ PRA and decided to ask more questions. The thread is a month and a half old so I thought that it was ok to post in.

They delete automatically 30 days after you pay. You can settle for less or pay in full they will still delete it.






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Message 13 of 42
Established Contributor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!


@kmg110 wrote:
Oh sorry, I found the this thread while googling PFD w/ PRA and decided to ask more questions. The thread is a month and a half old so I thought that it was ok to post in.

It's more than ok to post, Smiley Happy what I meant was the person you are asking may no longer be following the thread to respond to you.






~~ Former Royal Navy Submariner - Proud to have served ~~
Message 14 of 42
Frequent Contributor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

@kmg110

 

I'm on my phone right now but I've posted in a few Portfolio Recovery PFD threads on the steps I took and what to expect. Unfortunately, I'm on my phone right now (vs my laptop) and can't easily locate it, copy and paste. But, if you search my history you should find it easily. 

 

I reached out by phone to ge the ball rolling but did not settle on that call. Depending on how much you are willing to pay, it might take a few calls/reps. I settled for about 40%


Message 15 of 42
New Visitor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

Hi!
I am in the same situation. Need to get these collections off my credit report ASAP. I saw your thread and decided to call them. They immediately settled for much less and said that they would delete it 30
Days after payment. My Only issue is that they are not willing to put it in writing before I pay. They said they have only a standard letter they send out after agreeing to the payment and actually went as far s saying that it is already in writing on their website. Can I trust these people? And is it okay to continue over the phone or is it best to send them a pay for delete letter through certified mail.
Message 16 of 42
Established Contributor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

There is a lot of updated post from this year saying portfolio Recovery does delete the trade line. I know from personal experience they delete after 30 days and I just called paid and waited. I didn’t ask them anything.





Starting Score: 494 503 521
Current Score: 503 507 507 2/19
Goal Score: 680


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Message 17 of 42
New Member

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

Well, you still got to pay taxes on cancelled debt. 

1099-C : Canceled debt often taxable as income... there are exceptions though.

Message 18 of 42
Contributor

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!


@kmg110 wrote:
Oh sorry, I found the this thread while googling PFD w/ PRA and decided to ask more questions. The thread is a month and a half old so I thought that it was ok to post in.

It’s listed on their site now there is no need to get a letter. Mine should be dropping off in the next week. Before you pay you can just confirm about the deletion they probably point you to their updated policy. 

 

My payment was final on March 12th. On March 22nd they updated my report and now I’m waiting for it to fall off. The 30 days they state should be from the March 12th date in my situation. 

 

Good luck 

Message 19 of 42
Established Member

Re: Portfolio Recovery Associates Pay For Delete NOW!!!!

Thank you so much for this info, how did you orchestrate this pay for delete with PRA? Thanks in advance?
Message 20 of 42
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