Portfolio Recovery Associates—Beware
Would you believe that Portfolio Recovery Associates is a publicly traded company? (PRAA-Nasdaq). This is the same company buys up debt that is out of statute and who illegally sues consumer. Guess what? They make lots of money because a lot of people out there do not know their rights or anything about consumer laws. Check out what Budd Hibbs writes about them They are constantly being sued by sharp consumer lawyers but on the other side of the coin they are filing tens of thousands of actions against consumers each year all over the US. The said part is that they win because the defendants are either to scared to show up or don’t have a clue about what is happening.
This is all deadly serious. I am talking about hundreds of millions of dollars that go into the coffers of PRA every year. Some day in the future some state attorney general more than one attorney general will shut them down permanently. For now though they are having a field day. Why do I bring all of this up. I try to teach people that they may not be a victim of these white collar thugs but a business associate, friend or relative might be. If you know of anyone being sued or threatened by PRA I want to know about it. Comment on this blog or email me @ stopthecallsfast at gmail.com.
Opt in on the upper right of this blog page and get my debt validation letter. This the first line of defense against unscrupulous debt collectors.
FTC Getting Real Proactive And Aggressive With Bottom Feeder Debt Collectors
Credit Bureau Collection Services or CBCS of Ohio has been nailed for more than 1 million dollars in fines and penalties stemming from their illegal and nefarious activities wherein they falsified information about alleged debts by consumers and told them that they owed money when they actually did not. Click here for the FTC site.
An attorney colleague of mine emailed me last night with the news which just broke yesterday. I have some personal knowledge of these dirt bags because they tried to victimize one of my clients. I used the demand for validation letter which I offer you gratis on this blog (upper right side). They failed to validate. Subsequently, I referred my client to attorney Sarah Poriss who sued them on behalf of my client and won.
It’s Not Just Debt Validation That You Need To Worry About
In previous blog posts I have offered readers my free debt validation letter with audio instructions. If you go to to the upper right side of this page and opt in with your name and email it will be yours with no strings. Whether you know it or not this is your first line of defense against debt collectors who have no problem filing fictitious papers in the hope that you will not appear or know what to do before they get a quick default judgment on you. These suits are clogging the civil court dockets in most states. They number in the hundreds of thousands.
If the above is not bad enough, how about when people are sued by law firms acting as debt collectors or law firms working for debt collectors and never have any idea that they are being sued because they have not been legally served?!!!!! Read the article and see for yourself