Portfolio recovery settlement percentage

Portfolio recovery settlement percentage

Portfolio Recovery Associates settles TCPA Class Action for $18 Million

Portfolio Recovery Associates recently settled a consumer class action lawsuit for $18 million for allegations of violations of the Telephone Consumer Protection Act (“TCPA”). This ends a multi-district litigation case arising from allegations that Portfolio Recovery Associates violated the TCPA by making robocalls to consumers without their prior express consent.

This class action settlement settles 4 separate cases against Portfolio Recovery Associates for violations of the TCPA. If you believe you have a claim against Portfolio Recovery Associates or have received a letter concerning the Portfolio Recovery Associates settlement, contact the TCPA attorneys at Maginnis Law, PLLC for a free case evaluation and consultation. It is possible that you are entitled to a considerably larger settlement than what you might receive by being a member of the class action.

If you are having issues with other companies besides Portfolio Recovery Associates, take our free two minute survey to see if we are investigating some of your other issues on behalf of consumers like yourself.

The TCPA settlement requires Portfolio Recovery Associates to pay $18 million which will be divided amongst the Settlement Class members. This figure includes approximately $5.4 million in attorneys’ fees, litigation costs, and additional awards to the Plaintiffs’ named in the four separate lawsuits.

The settlement will also require Portfolio Recovery Associates to stop using its “Avaya Proactive Contact Dialer” to place calls to consumers’ cellular telephone numbers without prior express consent. Portfolio Recovery Associates’ telephone dialing system is an automatic telephone dialer which enabled them to make rapid, uninterrupted telephone calls to consumers’ cellular telephones.

There are believed to be approximately 7.4 million Class Members of Portfolio Recovery Associates’ Settlement Class. This means that if each class member requests compensation under the settlement terms, each would be entitled to approximately $1.70.

Just being a class member does not mean you are stuck accepting the limited Portfolio Recovery Associates Class Settlement. Depending on the number of telephone calls that were made by Portfolio Recovery Associates to your cellular telephone, it may be beneficial to “opt-out” of the class settlement and pursue your rights individually. Maginnis Law, PLLC regularly helps individuals pursue their claims outside of the class settlement.

The TCPA allows individuals to be awarded money when they are called by companies without consent. The TCPA allows recipients of unwanted telephone calls to be awarded a minimum of $500.00 and a maximum of $1,500.00 per telephone call. If you have been harassed by Portfolio Recovery Associates, or have received a letter alerting you to the existence of the class action lawsuit, contact Maginnis Law, PLLC to discuss your rights. The TCPA attorneys with Maginnis Law can be reached at 919.526.0450 or through our confidential contact page. You can also subscribe to our mailing list to learn about the rights you have under consumer protection law against large corporations.

Settling Collection Accounts with Portfolio Recovery Associates (PRA)

When trying to negotiate unpaid accounts with Portfolio Recovery Associates, it's best to go into it with your eyes wide open. This video should give you some insight into some of their standard practices.

For more tips on how to get out of debt,

(reader questions for our channel are selected from here)

Portfolio recovery settlement percentage

Take action now to stop a default judgment against you. Don’t let the debt collector seize your bank accounts, garnish your wages, or file a lien against your property.

You can settle for much less than the debt collector’s first demand. Many of our clients pay little or nothing to debt purchasers.* If you choose to settle, clients who show strength to debt purchasers usually settle their cases for about one-third of the amount demanded in the lawsuit.

Only a properly prepared response will push back at the debt collector and put you in a position to win or settle for a reasonable amount. Did you receive Request for Admissions or Interrogatories? We’ll prepare your response.

Demand a copy of the debt collector’s file!

Direct Relationship with Your Attorney.

You will have the same attorney through the whole case and you can telephone or message your attorney directly.

Settle or Fight? The choice is yours. We will help you decide which is best for you.

When debt collectors realize you are not backing down they often dismiss their case or settle for much less than their original demand.

HOW CAN WE HELP YOU WITH PORTFOLIO RECOVERY?

Portfolio Recovery Associates, LLC is located in Virginia and a subsidiary of Portfolio Recovery Associates, Inc. Portfolio Recovery directly purchases portfolios of charged-off accounts from U.S. creditors. They purchase a wide variety of charged-off accounts, including: credit card, installment, lines of credit, auto loans, healthcare, telecom, utility, student loans, and retail. In lawsuits, Portfolio Recovery is often represented by its own in-house collection attorneys. However, it maintains a network of third-party collection attorneys. In the state of California, Portfolio Recovery Associates is represented by Hunt & Henriques and Legal Recovery Law Offices.

To learn how we can help you, call us at (877) 227-2872.

Your results may vary. All cases are unique and these results are not an indication of the likelihood of success of your case.

Portfolio Recovery Associates - Non Compliance With Settlement Agreement Review from College Park, Maryland

This agency is a total fraud!Bad actually worst customer service ever and they are liars.

They agreed to gave me discount to settle two accounts. After they withdraw the money next day at first time and after sent to me letters indocating both accounts were going to be reported as settled with no future obligation they decided to report the discounted balance. They are liars and this was not another thing than exthorsion. Do not pay to this agency actually you don't owe any money to this freaking agency your financial obligation is with the original creditor.

You don't have any contract with this liars.

Reviewer is in unhappy mood. This person stated that there is a room for improvement of attempts to steal from me and not listening to me. Please immediately contact the author of this review to discuss not as described of non compliance with settlement agreement. Portfolio Recovery Associates needs to read this review and look into the issue (if any) according to poster's claims.

Other people also mentioned non compliance with settlement agreement in their reviews. You may find this information helpful for further shopping at Portfolio Recovery Associates.

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I am stuck dealing with Portfolio Recovery for a debt that isnt scheduled to fall off of my report until 2018. We are in the process of cleaning things up to buy a home, and this is the last of my debt. The original account was a charge off for $824.00 PRA wants $1,189.00. I sent a debt verification, and that didnt go in my favor. Now I am trying to settle and just be done. Their settlement offer is $951.00. REALLY?! I countered with a $600 payment today. They refused to take anything less than $951.00.

Anyone have any advice on how to get a better offer from these people?

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Re: Portfolio Recovery settlement?

Based on the estimated exclusion date, the first delinquency appears to have been in 2011.

Is the debt still within SOL for your state?

Are you also requesting credit report deletion of their collection?

Does hte OC still own the debt?

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Re: Portfolio Recovery settlement?

Im in Indiana, so I believe the SOL is 6 years past the first delinquency- but I could be totally off. Its Portfolio Recovery. They RARELY do a pay for delete. Basically I am wanting to buy a house, and with this debt sitting there open, I dont qualify. The original creditor wsa GE Capitol/ Care Credit. Portfolio Recovery bought the debt from them.

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Re: Portfolio Recovery settlement?

Ugh Good look man. I've been working on Portfolio for over 3 months now trying to get them to delete their paid account. -___-

Current 09/17 EX 612 | EQ 612 | TU616

Quicksilver: 1750 || Victoria Secret: 850 || Target: 700 || HSN: 850 || Fingerhut: 1500 || Credit One : 500 || IH Mississippi: 1000|| Von Maur: 300||

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Re: Portfolio Recovery settlement?
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Re: Portfolio Recovery settlement?

Going through the same. They sent me a letter but didn't include the actual verification docs. I wrote them back and told them their time for me not to sue is running out. We'll see how that goes.

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Re: Portfolio Recovery settlement?

They certainly have the right to attempt collection of the entire debt.

Perhaps speaking to a supervisor might escalate, but in the end, if still within SOL, they have their own option of seeking a judgment for the entier amount.

An alternate suggestiion would be to accept their $ amount provided they agree not to report settled for less to the CRA.

That will make the debt appear the same to others reviewing your credit report as if it had been paid in full.

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Re: Portfolio Recovery settlement?

Paid dept doesn't improve a FICO score. it will actually make it stay on your report for 7 years after you pay it. I woudln't bother unless they'll do a PFD.

What's your FICO credit score now? have you done other things to imrpove it?

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Re: Portfolio Recovery settlement?

Paying the debt will not extend the credit report exclusion period.

A collection must be excluded no later than 7 years plus 180 days from the DOFD on the OC account, which is a fixed date.

The issue is that many mortgage lendors will still require the payment of unpaid collections as a pre-condtion of loan approval, which will apply regardless of whehter it has become excluded from yur normal credit report.

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