I have a question about how to handle collection accounts that are outside the statute of limitations. Portfolio Recovery is reporting 2 of my accounts to the credit bureau's and when I log into their website, it says "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."
I also see that PR will remove collections once paid or settled. Okay..... finally getting to the point of my post. I would really like to pay them off and get them removed from my credit reports but I'm afraid to start a dialogue with them about the debt (even though they said they won't sue now). Also, do you think they will waiver any on the amount owed due to the age of the debt and being unable to sue me for it? I hope all of this makes sense.
I'm in the exact same position with the same CA. Although I didn't think that the SOL has ran out yet, I have the same "disclaimer" when I log in. I am going to take the same approach. I will update with my progress as well.
So they automatically delete? No need to ask? Just negotiate payment?
PRA does delete after payment. If you request it in writing, they will just refer you to their website as it is disclosed there openly. As far as the big bad world of CA's, PRA is actually one of the easier ones to deal with these days. Of course, as with anything, YMMV.
Welcome to the forums and good luck!