The infamous debt collector Portfolio Recovery Associates is reportedly settling claims brought by the Consumer Financial Protection Bureau for violating a settlement the debt collector reach with the CFPB 2015. According to the CFPB The Consumer Financial Protection Bureau (CFPB) took action today against Portfolio Recovery Associates, one of the largest debt collectors in the nation, for violating a 2015 […]
Notorious Debt Collector Portfolio Recovery Associates in Trouble Again with the CFPB
Debt Buyer Portfolio Recovery Associates, LLC Filed 5,696 New York Debt Collection Cases In 2019
By: Robert J. Nahoum “Junk debt buyer†Portfolio Recovery Associates, LLC (PRA) buys up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar and then sues to recover the full balance. According to the New York State Unified Court System, PRA filed 5,696 New York debt collection […]
Debt Buyer Portfolio Recovery Associates, LLC Filed Only 186 New York Debt Collection Cases In 2017
By: Robert J. Nahoum Portfolio Recovery Associates, LLC is an notorious “junk debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, “junk debt buyer†Portfolio Recovery Associates, LLC filed only 186 New York debt […]
Debt Buyer Portfolio Recovery Associates, LLC Filed Only 62 New York Debt Collection Cases In 2016
By: Robert J. Nahoum Portfolio Recovery Associates, LLC is an notorious “junk debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, the once great Portfolio Recovery Associates has all but shut down filing debt […]
LVNV Funding, Represented by Debt Collection Lawyers Eltman Law, Default Judgment Vacated and Dismissed
By: Robert J. Nahoum RECENT VICTORY: Our client’s daughter was recently notified by her bank that an account she and her mother shared as well as a safe deposit box were restrained by junk debt buyer LVNV Funding and its collection law firm Eltman Law PC. After consulting with our firm, we were retained and discovered that a default judgment […]
Debt Buyer Portfolio Recovery Associates Filed 9,184 New York Debt Collection Cases In 2015
By: Robert J. Nahoum Portfolio Recovery Associates, LLC is an notorious “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, Portfolio Recovery Associates filed 9,184 debt collection cases in 2015 which is less than […]
Midland Funding and Portfolio Recovery Settle Wrongful Debt Collection Claims With the CFPB
By: Robert J. Nahoum THE PROBLEM: On September 9, 2015, government watchdog the Consumer Financial Protection Bureau announced that it had reached a settlement with infamous debt buyers Midland Funding and Portfolio Recovery over illegal debt collection practices. According to a statement released by the CFPB: “Today the Consumer Financial Protection Bureau (CFPB) took action against the nation’s two largest […]
What is a Good Settlement with Portfolio Recovery Associates, LLC?
By: Robert J. Nahoum The notorious debt buyer Portfolio Recovery Associates, LLC has sued you for an old debt that they bought from an original creditor. You are considering whether to fight them or to reach a reasonable settlement and get on with your life. You now have to determine how much is a good settlement with Portfolio Recovery Associates, […]
Why Original Creditors Won’t Talk to You About Your Debt?
By: Robert J. Nahoum Consumers sued in debt collection cases often find themselves up against companies they have never heard of. Names like Midland Funding, LVNV Funding, CACH LLC, New Century Financial Services, Portfolio Recovery Associates, Unifund and Calvary Portfolio Services. The reason you’ve never heard of these companies is because, while you’ve never done business with them, they’re doing […]
Portfolio Recovery Associates Filed 22,044 NY Debt Collection Cases In 2014
By: Robert J. Nahoum Portfolio Recovery Associates, LLC is an notorious “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, Portfolio Recovery Associates filed a whopping 22,044 New York debt collection lawsuits in 2014 […]