Why is Portfolio Recovery Calling Me | Portfolio Recovery Associates LLC?
Why is Portfolio Recovery Calling me:
However, Portfolio Recovery Associates (PRA) is a debt collection company that collects debts for creditors and may be calling you to collect on a debt that you owe. If you have concerns or questions about the call, it is best to speak with a representative from PRA or a financial advisor who can provide you with guidance on how to approach the situation.
Portfolio Recovery Associates LLC:
Portfolio Recovery Associates LLC (PRA) is a debt collection agency headquartered in Norfolk, Virginia. The company was founded in 1996 and is listed on the NASDAQ stock exchange under the ticker symbol PRAA. PRA specializes in the purchase and management of non-performing consumer debt, including credit cards, personal loans, and retail accounts.
PRA operates in the United States and has offices in multiple locations, including Virginia, Minnesota, Texas, and Illinois. The company employs over 4,000 people and has been named to Forbes Magazine's list of America's Best Mid-Size Employers.
PRA works with both creditors and consumers to resolve outstanding debts. The company offers debt settlement and payment plans to consumers who are struggling to make payments and also provides credit reporting services to help consumers improve their credit scores.
PRA has been the subject of several lawsuits and regulatory actions related to its debt collection practices, including allegations of illegal collection tactics and violations of consumer protection laws. The company has also faced criticism for its aggressive approach to debt collection and its alleged lack of transparency in its debt purchasing and management operations.
Why Doesn't Portfolio Recovery Leave a Message
Portfolio Recovery's specific policies or procedures, but there could be several reasons why they don't leave a message when calling. It could be that they are trying to reach the person they are calling directly and don't want to disclose any information to anyone else who might answer the phone. They may also be prohibited from leaving a message due to privacy laws or regulations. Alternatively, they may not have a message system set up, as leaving a message is not always a requirement.
Why is Portfolio Recovery Calling Me When I Have No Debt?
As an AI language model, I do not have access to your personal information or the details of your situation. However, it is possible that they may have mistaken you for someone else with a similar name or that there was an error in their records. If you believe that there may be a mistake, you can request that they stop calling you and ask them to verify their records. It is also possible that the call could be fraudulent, so it is important to be cautious and not share any personal or financial information with them until you are sure the call is legitimate.
How to Block Portfolio Recovery Calls
As an AI language model, I am not able to provide a personal opinion, but here are some ways to block portfolio recovery calls:
1. Add your phone number(s) to the National Do Not Call Registry: This registry managed by the Federal Trade Commission (FTC) gives consumers the option to stop telemarketing calls from most companies, including debt collectors.
2. Call-blocking apps: There are various call-blocking apps available for download in the app store that can filter unwanted calls, including portfolio recovery calls.
3. Contact Portfolio Recovery: Contact Portfolio Recovery directly and ask them to stop calling you. You can do this by sending them a written cease and desist letter requesting them to stop contacting you or by telling them over the phone.
4. Seek the Help of a Lawyer: Engaging the services of a consumer law attorney can stop Portfolio Recovery or any debt collection agency from harassing you by filing a lawsuit. However, this option requires some financial commitment.
It is important to note that debt collectors are governed by federal and state laws that prohibit them from using abusive or harassing tactics to collect debts. Therefore, seek professional help and report these collectors if they violate these laws.
