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?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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PRA Receivables Management, LLC Contact Information
Addresses:
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?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
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
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with PRA Receivables Management, LLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- 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. They have 30 days to prove the debt is yours and the amount is accurate.
- PRA Receivables Management, LLC cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- PRA Receivables Management, LLC must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- PRA Receivables Management, LLC cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove PRA Collections From Your Credit Report Today!
Credit Saint offers assistance with disputing PRA collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
