Who is PRA Receivables Management, LLC?
PRA Receivables Management, LLC, also known as Portfolio Recovery Associates, LLC, is a well-known debt collection agency based in Norfolk, Virginia. Their primary business revolves around collecting debts on behalf of various businesses.
If you notice PRA Receivables Management or Portfolio Recovery Associates listed on your credit report as a collections account, this indicates an unpaid debt that they are now responsible for collecting.
Who does PRA Receivables Management collect for?
PRA Receivables Management primarily serves original creditors by helping them recover overdue debts. These original creditors can span a variety of industries, from credit card companies to healthcare providers, retail businesses, and more.
Is PRA Receivables Management legit or a scam?
PRA Receivables Management is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove PRA Receivables Management from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
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PRA Receivables Management, LLC Contact Information
PRA Receivables Management, LLC
120 Corporate Blvd
Norfolk, VA 23502
PRA Receivables Management, LLC
10 Orchard #100
Lake Forest, CA 92630
Phone number: (800) 642-6233
Should I contact or pay PRA Receivables Management, LLC?
It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with PRA Receivables Management, LLC is to work with a credit repair professional. They help remove millions of negative items every year from companies like PRA Receivables Management, LLC on behalf of their clients.
Will PRA Receivables Management, LLC sue me or garnish my wages?
PRA Receivables Management, LLC has the legal ability to file a lawsuit against you for unpaid debts. If they win the lawsuit, they could potentially obtain a judgment. This judgment could grant them the right to garnish your wages or levy your bank account, depending on the laws in your state or jurisdiction.
However, initiating a lawsuit is often a last resort due to the time-consuming and costly nature of legal proceedings. PRA Receivables Management may first try to negotiate a payment plan or a settlement agreement with you.
PRA Receivables Management, LLC Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with PRA Receivables Management, LLC
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for PRA Receivables Management, LLC to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- PRA Receivables Management, LLC may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- PRA Receivables Management, LLC must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- PRA Receivables Management, LLC cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove PRA Collections From Your Credit Report Today!
Credit Saint can assist you in disputing PRA collection accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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Learn how to get help disputing errors on your credit report that could be hurting your credit score.
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