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If you have any problems with the registration process or your account login, please contact us. | Advanced Credit Repair - Dealing with Collection Agencies Discuss Have Question About Portfolio in the CREDIT AND LEGAL ISSUES forums; Ive been reading alot of post on here and everyone seems very helpful. My question is... I checked my CR and Portfolio says i owe them money for some account ... 
04-14-2008, 11:57 PM
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#1 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Have Question About Portfolio
Ive been reading alot of post on here and everyone seems very helpful. My question is... I checked my CR and Portfolio says i owe them money for some account i have no knowledge of. They also reported to the CRA's that i have made a recent payment on this account, which i have no knowledge of. The alleged account is a few years old and they are showing a recent payment on this account. What or which way do i need to pursue this. Thanks for any information. | 
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04-15-2008, 12:26 AM
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#2 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
Posts: 6,518
Casino Cash: $1746925
| Quote:
Originally Posted by zpcg05  Ive been reading alot of post on here and everyone seems very helpful. My question is... I checked my CR and Portfolio says i owe them money for some account i have no knowledge of. They also reported to the CRA's that i have made a recent payment on this account, which i have no knowledge of. The alleged account is a few years old and they are showing a recent payment on this account. What or which way do i need to pursue this. Thanks for any information. | I would dispute the tradelines to the CRA's. Wait 30 days for them to update. Next I would write a letter to Portfolio disputing the debt. Has Portfolio contacted you in any way?
__________________ Please be advised that I am not an attorney and nothing I post on this forum should be construed as legal advice. Let's Go Mountaineers!! Let's Go Drink Some Beers!! | |
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04-15-2008, 12:34 AM
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#3 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| I did dispute with the CRA's , just waiting for a reply. It s only been about a week now. I have written a letter to Portfolio but have not mailed it as of yet , was waiting to see what there response was to my initial dispute it CRA's. They call my house i tried to tell them they are incorrect in there info but thats of no use. | |
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04-15-2008, 12:35 AM
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#4 | | Administrator
Join Date: May 2006
Posts: 2,294
Casino Cash: $963050
| Quote:
Originally Posted by zpcg05 I did dispute with the CRA's , just waiting for a reply. It s only been about a week now. I have written a letter to Portfolio but have not mailed it as of yet , was waiting to see what there response was to my initial dispute it CRA's. They call my house i tried to tell them they are incorrect in there info but thats of no use. | Send them a DV letter.
__________________
It is better to keep your mouth shut and appear stupid than to open it and remove all doubt. - Mark Twain
The information and materials in this document are provided for general information purposes only and are not intended to constitute legal, accounting or tax advice or opinions on any specific matters. Laws and regulations change frequently and their application can vary widely based upon the specific facts and circumstances involved. You are responsible for the applicability and accuracy of Information as it relates to your specific situation. | |
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04-15-2008, 12:36 AM
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#5 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Hannah , why would they report that i made a payment to an account. Is there any benefit to them for that? Also what part of WV? | |
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04-15-2008, 12:37 AM
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#6 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| DV letter? sorry new to this. Dispute validation letter | |
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04-15-2008, 12:38 AM
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#7 | | Administrator
Join Date: May 2006
Posts: 2,294
Casino Cash: $963050
| Quote:
Originally Posted by zpcg05 DV letter? sorry new to this. Dispute validation letter | or, Demand Validation.
__________________
It is better to keep your mouth shut and appear stupid than to open it and remove all doubt. - Mark Twain
The information and materials in this document are provided for general information purposes only and are not intended to constitute legal, accounting or tax advice or opinions on any specific matters. Laws and regulations change frequently and their application can vary widely based upon the specific facts and circumstances involved. You are responsible for the applicability and accuracy of Information as it relates to your specific situation. | |
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04-15-2008, 12:40 AM
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#8 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Thank you Enigma. Should i wait to see if they validate with CRA's or should i just send it out now? | |
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04-15-2008, 12:43 AM
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#9 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
Posts: 6,518
Casino Cash: $1746925
| Quote:
Originally Posted by zpcg05 Hannah , why would they report that i made a payment to an account. Is there any benefit to them for that? Also what part of WV? | Making a payment in some states resets the statute of limitations. Some debt buyers do this to reset the SOL clock. What state are you in?
What does the tradeline say? Redact any personal info and please post.
I'm in the northern part of WV.
__________________ Please be advised that I am not an attorney and nothing I post on this forum should be construed as legal advice. Let's Go Mountaineers!! Let's Go Drink Some Beers!! | |
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04-15-2008, 12:49 AM
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#10 | | Administrator
Join Date: May 2006
Posts: 2,294
Casino Cash: $963050
| Quote:
Originally Posted by zpcg05 Thank you Enigma. Should i wait to see if they validate with CRA's or should i just send it out now? | I'd send it now. We call it he "one-two punch". If the verify with the CRA's and not you then that is a violation.
__________________
It is better to keep your mouth shut and appear stupid than to open it and remove all doubt. - Mark Twain
The information and materials in this document are provided for general information purposes only and are not intended to constitute legal, accounting or tax advice or opinions on any specific matters. Laws and regulations change frequently and their application can vary widely based upon the specific facts and circumstances involved. You are responsible for the applicability and accuracy of Information as it relates to your specific situation. | |
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04-15-2008, 12:55 AM
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#11 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Sorry it taken so long have to find it.
I was born and raised in WVa 18 yrs, Beckley
I currently live and have been residing in Florida for the past 4 years. | |
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04-15-2008, 01:00 AM
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#12 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| It says reported in 04-08 Recent payment $300.00
Shows high balance of one amount and owed three hundred dollars less. | |
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04-15-2008, 01:01 AM
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#13 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Should i ask them to validate the payment they said i supposely made? | |
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04-15-2008, 01:20 AM
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#14 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Date Opened:
11/2005
Type:
Installment
Credit Limit:
$1,598
Date of Status:
01/2006 Terms:
1 Months High Balance:
NA
Reported Since:
01/2006 Monthly Payment:
$0 Recent Balance:
$1,859
Last Reported Date:
04/2008 Responsibility:
Individual Recent Payment:
$300 | |
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04-15-2008, 08:10 AM
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#15 | | If You Do Not Like It, Kiss My...
Join Date: Nov 2004
Posts: 5,538
Casino Cash: $1110600
| Quote:
Originally Posted by zpcg05 Date Opened:
11/2005
Type:
Installment | Typical - you haven't opened an installment account with them. They do not issue credit. Quote:
Recent Balance:
$1,859
Last Reported Date:
04/2008 Responsibility:
Individual Recent Payment:
$300
| Recent ballance, "credit limit" and payment amount do not make sense period.
__________________
How come "phonetically" is spelt with a "ph"? | |
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04-15-2008, 08:59 AM
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#16 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| So i should argue the point that i didnt apply for credit nor did i make a payment? | |
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04-15-2008, 12:40 PM
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#17 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
Posts: 6,518
Casino Cash: $1746925
| Quote:
Originally Posted by zpcg05 Date Opened:
11/2005
Type:
Installment
Credit Limit:
$1,598
Date of Status:
01/2006 Terms:
1 Months High Balance:
NA
Reported Since:
01/2006 Monthly Payment:
$0 Recent Balance:
$1,859
Last Reported Date:
04/2008 Responsibility:
Individual Recent Payment:
$300 | Send to all CRA's -- Quote:
Dear CRA:
This letter is in dispute of the trade line of Portfolio Recovery Associates on my credit report. At no time have I ever had an "account" with them as I have never requested nor received credit from them so whatever this account is it is not now nor has ever been an installment account with them. Further, since I do not now nor have had an account with them, I have never made any payment to Portfolio Recovery Associates so the alleged recent payment in the amount of $300 this month of April, 2008, was not made by me. I am quite certain that this tradeline is not mine. Please remove it promptly.
Sincerely,
zpcg05
|
__________________ Please be advised that I am not an attorney and nothing I post on this forum should be construed as legal advice. Let's Go Mountaineers!! Let's Go Drink Some Beers!! | |
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04-15-2008, 02:18 PM
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#18 | | Member
Join Date: Apr 2008
Posts: 84
Casino Cash: $154400
| Thank you Hannah | |
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