Portfolio Recovery Associates, LLC: Understanding Your Rights and How to Fight Back
Portfolio Recovery Associates, LLC (PRA) is a well-known debt collection agency that purchases and collects outstanding debts. If you’ve received a call or letter from them, you might feel pressured to pay immediately—but before you do, it’s essential to understand your rights and options. This guide will help you navigate debt collection challenges, recognize unfair practices, and protect yourself from aggressive tactics.
📍 Contact Information for Portfolio Recovery Associates, LLC
📍 Address: 120 Corporate Blvd, Norfolk, VA 23502
📞 Phone: (800) 772-1413
🌐 Website
🔎 BBB Profile
🔎 Who Is Portfolio Recovery Associates, LLC?
Portfolio Recovery Associates, LLC is a debt-buying company that acquires unpaid debts from credit card issuers, banks, and other lenders at a fraction of their original value. Once they own the debt, they attempt to collect the full amount from consumers.
PRA is known for filing lawsuits against consumers who fail to respond to their collection efforts. If you’re facing a legal threat from them, it’s crucial to act quickly to protect yourself.
⚠️ Can Portfolio Recovery Associates Sue You?
Yes, Portfolio Recovery Associates, LLC can take legal action to collect a debt. If they sue you, you must respond to the lawsuit promptly to avoid a default judgment, which could lead to:
- Wage garnishment
- Frozen bank accounts
- Liens on your property
If you’ve been served with a lawsuit from PRA, consult a debt defense attorney immediately to explore your legal options.
🚨 Recognizing Unfair Debt Collection Practices
Debt collectors, including PRA, must follow the law when contacting consumers. Under the Fair Debt Collection Practices Act (FDCPA), they cannot:
- Call you at work if your employer prohibits it
- Contact family or friends about your debt
- Threaten legal action they don’t intend to take
- Use aggressive or abusive language
If Portfolio Recovery Associates has violated your rights, you may be entitled to compensation under federal law.
💡 Steps to Take If Portfolio Recovery Associates Contacts You
If you receive a call or letter from Portfolio Recovery Associates, LLC:
🔹 Verify the debt: Request debt validation before making any payments. You have 30 days to dispute the debt under the FDCPA.
🔹 Know your rights: Debt collectors cannot lie to you or use deceptive practices.
🔹 Negotiate a settlement: You may be able to settle your debt for less than the full amount.
🔹 Consult an attorney: If you’re unsure how to respond, a legal expert can provide guidance.
📞 Take Action Today with Consumer Rights Law Firm PLLC
📍 Address: View Contact Page
⚠️ Debt collectors don’t want you to know your rights—but we do! If Portfolio Recovery Associates, LLC is harassing you or threatening legal action, don’t wait. The attorneys at Consumer Rights Law Firm PLLC can help you fight back. Contact us today for a free consultation!