Portfolio Recovery Phone Number: Contact & Info

If you're looking for the Portfolio Recovery phone number, you've come to the right place. Contacting them is the first step in resolving any potential debt issues. We'll provide you with the correct contact information and guide you on what to expect when you call.

What is Portfolio Recovery Associates?

Portfolio Recovery Associates (PRA) is a debt collection company that purchases debt from creditors. This means they buy debts that are considered past due or have been charged off by the original lender, such as credit card companies or banks. If PRA contacts you, it's likely because they believe you owe money on a debt they now own.

Finding the Portfolio Recovery Phone Number

The main Portfolio Recovery phone number is:

1-800-772-1413

You can use this number to contact them regarding any inquiries about your account, payment options, or to dispute a debt.

Other Ways to Contact Portfolio Recovery

Besides the phone number, you can also contact Portfolio Recovery through:

• Website: https://www.portfoliorecovery.com/
• Mailing Address: Portfolio Recovery Associates, LLC 120 Corporate Blvd Norfolk, VA 23502

What to Expect When You Call

When you call Portfolio Recovery, be prepared to provide information to verify your identity. This may include your: — New Orleans To Houston TX Road Trip: Your Guide

• Full name
• Date of birth
• Social Security number
• Account number (if known)

It's also helpful to have any documentation related to the debt in question, such as letters or statements from PRA. — Knicks Vs Spurs: Epic Battles & Timeline Of NBA History

Tips for Talking to Portfolio Recovery

• Be polite and professional: Even if you're frustrated, maintaining a calm demeanor will help the conversation go smoothly.
• Take detailed notes: Write down the date, time, and the name of the representative you speak with. Note the key points discussed during the call.
• Don't admit to owing a debt if you're unsure: If you're not certain about the debt, you have the right to request validation (more on this below).
• Know your rights: The Fair Debt Collection Practices Act (FDCPA) protects you from abusive or unfair debt collection practices.

Requesting Debt Validation

One of your key rights under the FDCPA is the ability to request debt validation. This means you can ask PRA to provide proof that:

• They own the debt
• The amount they're claiming you owe is accurate

To request validation, send a written request to Portfolio Recovery via certified mail with return receipt requested. This provides proof that they received your request. They typically have 30 days to respond.

Negotiating a Settlement

If you do owe the debt, you may be able to negotiate a settlement with Portfolio Recovery. This involves agreeing to pay a reduced amount to resolve the debt. It's often possible to settle a debt for less than the full amount owed.

When negotiating, consider:

• Offering a lump-sum payment: This can be more attractive to the debt collector.
• Documenting any agreement in writing: Get the settlement terms in writing before making any payments.
• Understanding the tax implications: Debt forgiveness may have tax consequences.

What If I Can't Afford to Pay?

If you're unable to pay the debt, you have several options:

• Debt Management Plan (DMP): A DMP through a credit counseling agency can help you consolidate debts and make payments.
• Debt Settlement: A debt settlement company may be able to negotiate with PRA on your behalf.
• Bankruptcy: This is a last resort but may be an option if you have significant debt and no other way to repay it.

Avoiding Scams

Be cautious of potential debt collection scams. Never provide personal or financial information to someone you don't trust. If you're unsure if a call is legitimate, contact Portfolio Recovery directly using the phone number listed on their website.

Key Takeaways

• The Portfolio Recovery phone number is 1-800-772-1413.
• You have the right to request debt validation.
• Negotiating a settlement is often possible.
• Be aware of your rights under the FDCPA.

FAQ

What if Portfolio Recovery is calling me frequently?

The FDCPA restricts how often debt collectors can call you. If PRA is calling excessively, document the calls and consider sending them a cease communication letter.

Can Portfolio Recovery sue me?

Yes, Portfolio Recovery can sue you to collect a debt. If you're served with a lawsuit, it's crucial to respond within the timeframe specified by the court.

How long can Portfolio Recovery try to collect a debt?

The statute of limitations on debt varies by state. This law sets a time limit on how long a creditor or debt collector can sue you to collect a debt. After this period, the debt is considered time-barred. — Texans Vs. Seahawks: Where To Watch

What should I do if I think Portfolio Recovery has made a mistake?

If you believe PRA has made an error, such as misreporting information on your credit report, you can dispute the information with them and the credit reporting agencies.

Can I remove Portfolio Recovery from my credit report?

A paid debt collection account can remain on your credit report for up to seven years from the date of the original delinquency. However, you may be able to negotiate a "pay-for-delete" agreement with PRA, where they agree to remove the account from your credit report in exchange for payment.

Conclusion

Contacting Portfolio Recovery using their phone number or other methods is essential for addressing potential debt issues. Remember to assert your rights, request debt validation, and explore your options for resolving the debt. If you're feeling overwhelmed, consider seeking help from a credit counseling agency or attorney.