cancel
Showing results for 
Search instead for 
Did you mean: 

Portfolio Recovery PFD win?

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Member

Portfolio Recovery PFD win?

i know Portfolio Recovery now has it listed that they delete tradelines once PIF. So I called in this morning and talked to a supervisor.

He sent me an email saying

“Your account will be considered paid-in-full after the final payment is successfully posted. If you complete this payment plan and our company is reporting our company’s trade line for this account to the three major credit reporting agencies, within approximately 30 days of the final payment successfully posting, our company will request the three major credit reporting agencies delete our company’s tradeline related to your account from your credit bureau report.”

He gave me until May, 16th 2019 to pay it off.

Considering this a big win. 😃
Capital One Secured= $200 Credit line
Wells Fargo Secured= $300 Credit line
Self Lender= $575 "Loan"

Starting scores 8/1/2018
Equifax: 486
Transunion: 477
Experian: 521






Message 1 of 8
7 REPLIES 7
Member

Re: Portfolio Recovery PFD win?

THIS EXPLAINS SO MUCH FOR ME! I'M SO HAPPY!
I had a Portfolio Recovery Collection for $4,099 from last year that I paid off on March ~20th or so. My scores JUST shot up and I was so confused! My Fico report from 4/17 (paid for 1 time report on that day) to today (4/30/2019) has the biggest difference being that I no longer have the Portfolio Recovery Collection listed!


4/17/2019 to today, 4/30/2019
Fico8

Equifax: 647 -> 680
Transunion: 644 -685
Experian: 672->672 (wondering if maybe they were ahead of the deletion game compared to the others)

Message 2 of 8
Moderator

Re: Portfolio Recovery PFD win?

Yup a great win, enjoy.
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 3 of 8
Contributor

Re: Portfolio Recovery PFD win?

Yes, this is their stated policy I think since October 2018.
FICO Scores
5/20/2019: EQ - 568 TU - 591 EX: 589
Message 4 of 8
Member

Re: Portfolio Recovery PFD win?

I actually got them deleted from my report a month ago and i go check my transunion and equifax and it was re-inserted. i just sent some letter to the agencies to dispute it. i also sent one to portfolio. They seem to give me a headache since my repair.

Message 5 of 8
Member

Re: Portfolio Recovery PFD win?

Alright, I requested the Manager I spoke with also send me a letter stating that it would be deleted after PIF.



Guessing if for some reason they don’t delete it after I pay it next week.. Can I then send this to the CRA’s as proof or is it more so me just trusting that they will actually delete?


This is what he sent with PRA letterhead:

Re: Account Number: Xxxx
Original Account Number: ************
Seller: CITIBANK, N.A.
Original Creditor: CITIBANK, N.A.
Charge-Off Creditor: CITIBANK, N.A.
Creditor To Whom Debt is Owed: Portfolio Recovery Associates, LLC Last Payment Date or Default Date: 3/14/2016
Balance: $xxx.xx


The law limits how long you can be sued on a debt. Because of the age of your debt, we will not sue you for it. Depending on the laws of your state, certain actions, such as making a payment or promising to pay the debt, may restart the time period for the filing of a lawsuit against you; but even if that were the case, we still will not sue you on this debt.

Dear PULP:
Your account was purchased on 8/31/2017 from CITIBANK, N.A.. This letter confirms your arrangement made on 4/29/2019 to make the following payment(s) to pay this account in full.
Payment in the amount of $XXX.xx is due by 5/16/2019.
Should you miss any of the payments described herein, this payment plan may become null and void.
We and not bligated to renew this offer.
Your account will be considered paid-in-full after the final payment is successfully posted. If you complete this payment plan and our company is reporting our company’s trade line for this account to the three major credit reporting agencies, within approximately 30 days of the final payment successfully posting, our company will request the three major credit reporting agencies delete our company’s tradeline related to your account from your credit bureau report.
If you have questions, please call our office toll free at 1-800-772-1413. Our hours of operation are 8AM - 11PM Monday - Friday, 8AM - 8PM Saturday, and 11AM - 10PM Sunday (EST).
Sincerely,
Xxxx Xxxxxxx
Capital One Secured= $200 Credit line
Wells Fargo Secured= $300 Credit line
Self Lender= $575 "Loan"

Starting scores 8/1/2018
Equifax: 486
Transunion: 477
Experian: 521






Message 6 of 8
Contributor

Re: Portfolio Recovery PFD win?

I assume you could. They won’t delete it right away. You just need to wait the time they tell you. After about 2 weeks they update the amount owed to $0 and then within 30 days, they delete. I’d give them the time and then dispute! I paid mine off around the 10th of April and just had them update to $0 and close the accounts 2 days ago.
FICO Scores
5/20/2019: EQ - 568 TU - 591 EX: 589
Message 7 of 8
Valued Member

Re: Portfolio Recovery PFD win?

Congratulations!  That's great news.  Portfolio Recovery will also email (secured email w pw needed) the letter confirming payment was made after it clears, if you ask.  Make sure you call them after your payment posts to get that letter!


@Pulp wrote:
i know Portfolio Recovery now has it listed that they delete tradelines once PIF. So I called in this morning and talked to a supervisor.

He sent me an email saying

“Your account will be considered paid-in-full after the final payment is successfully posted. If you complete this payment plan and our company is reporting our company’s trade line for this account to the three major credit reporting agencies, within approximately 30 days of the final payment successfully posting, our company will request the three major credit reporting agencies delete our company’s tradeline related to your account from your credit bureau report.”

He gave me until May, 16th 2019 to pay it off.

Considering this a big win. 😃

 

Starting Score: 600
Current Score: 650
Goal Score: 750


Take the myFICO Fitness Challenge
Message 8 of 8
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.