How to get rid of Portfolio Recovery!!!

[ilayssah]

I am so frustrated ! Portfolio recovery is reporting an account that was previously deleted in Sept. 2007 by Arrow Financial. They reported a recent payment of $800.00 in 2003 that was not made by me. I have request to Portfolio on August, 2008 via certified mail letter that they submit proof of that payment, and proof of debt and they didn’t provide any documentation. The account has no movements for more than 8 years, although they keep reporting a DOFD in 2003. The original creditor file a bankruptcy and it goes to another bank. Then that Bank sold the account to Arrow Financial, when Arrow Financial delete the account in Sept/2007, the account was reopened by Portfolio with a false DOFD. I dispute this account every single month, I have sent letters to CA explaining all of this, but I have no success. They are the fourth creditor reporting this adverse account since 2001. What else can I do to get this fixed. Thanks.

[jjgross]

Originally Posted by ilayssah

I am so frustrated ! Portfolio recovery is reporting an account that was previously deleted in Sept. 2007 by Arrow Financial. They reported a recent payment of $800.00 in 2003 that was not made by me. I have request to Portfolio on August, 2008 via certified mail letter that they submit proof of that payment, and proof of debt and they didn’t provide any documentation. The account has no movements for more than 8 years, although they keep reporting a DOFD in 2003. The original creditor file a bankruptcy and it goes to another bank. Then that Bank sold the account to Arrow Financial, when Arrow Financial delete the account in Sept/2007, the account was reopened by Portfolio with a false DOFD. I dispute this account every single month, I have sent letters to CA explaining all of this, but I have no success. They are the fourth creditor reporting this adverse account since 2001. What else can I do to get this fixed. Thanks.

Send them a c&d letter to quit reporting this until they furnish proof of ownership.Who was the first oc,You might point out they have violation of many laws.I would write to your state ag,their state ag,file a complaint with the bbb.One reason they have not complied is that don't have any info.You might have to file a federal law suit.

[CreditCrisis]

I'm having a similar problem with PRA. I have two sep accounts with them which i received letters from the OC on both saying the account will and needs to be removed. i have forwarded these letters on to PRA and nothing! They send me letters saying if i dont provide evidence to back up my claim then they will send my account back to the sales floor for collection!!! :mad: