Portfolio Recovery On My Credit Report


Portfolio Recovery Associates reports information about consumers to credit reporting agencies. If you think PRA is reporting inaccurate or out-dated information, you can file a credit report dispute. Portfolio Recovery must correct any errors it finds.

If you need help disputing Portfolio Recovery Associates credit report errors, or if you believe PRA is violating your rights, contact BCJ Law for help. Call 1-800-997-5561 or complete our contact form.

Why is Portfolio Recovery on my credit report?

Portfolio Recovery Associates is a “debt buyer.” That means it buys old, “charged-off” consumer debt, then tries to collect on that debt for profit. If PRA purchased your debt, then it may appear on your credit report. Portfolio Recovery usually appears on your credit report when:

  • PRA bought your debt: As stated above, Portfolio Recovery buys consumer debt. Once it owns your debt, it likely will report your debt to credit reporting agencies.
  • PRA is trying to collect a debt from you: Portfolio Recovery attempts to collect on the debt it purchases. It usually reports old debt to credit reporting agencies to aid in its debt collection activities.
  • PRA got a judgment against you: Portfolio Recovery sues thousands of people each year. It obtains judgments against many of them. It can report information on you if it obtained a judgment against you.

Is Portfolio Recovery on my credit report in error?

Although Portfolio Recovery Associates may accurately appear on your credit report, it also may appear on your credit report in error. Common errors include the following situations:

  • You don't owe the debt: If you don't recognize a debt on your credit report, that debt may be reported in error.
  • Your debt is old: Most accounts can't be reported on your credit report after seven to eight years.
  • Discharged debt is reported improperly: When a debt is discharged through bankruptcy, settlement, or litigation, the account status must be updated, or the account must be removed entirely.
  • Debt is reported more than once: Debt buyers can't report a single account as multiple accounts.
  • Inaccurate information is reported after a dispute: Debt buyers can't re-report information about an account that was previously found to be inaccurate.

Can I fix Portfolio Recovery credit report errors?

Credit report attorneys offer free consultations and most times can help you correct credit report errors for free.

Call BCJ Law LLC for Help!

The Fair Credit Reporting Act (FCRA) gives you the right to dispute credit report errors. As long as you comply with the FCRA, Portfolio Recovery Associates must investigate your credit report dispute. It then must correct or remove any errors it finds.

You must follow the proper procedures when disputing credit report errors. For example, your dispute letter must identify and explain the error at issue and must be sent directly to a credit report agency. Visit our page on disputing credit report errors for general information on the dispute process. If you need a copy of your credit report, read our page on how to get your credit report for freeIf you need help, complete our contact form, or call us at 1-800-997-5561.

What if I don't recognize a PRA account on my credit report?

If your credit report shows a Portfolio Recovery Associates account you don’t recognize, there are two likely explanations. First, PRA or a credit reporting agency may be confusing you with someone else. This is called a “mixed file” error. These types of credit report errors often are mistaken for identity theft. Second, you may be a victim of identity theft. For information on removing information that is not yours from your credit report, read our pages on fixing mixed credit files and correcting identity theft credit report errors.

How long can PRA stay on my credit report?

Generally, adverse account information must be removed from your credit report after seven years. There are exceptions for credit cards, which can stay on your account for 7-8 years depending on the circumstances. Read our page on removing old information from your credit report to learn more.

Can Portfolio Recovery use my credit report?

Portfolio Recovery Associates can use your credit report for permissible purposes only, like advertising credit or evaluating a credit application. If PRA uses your credit report for an impermissible purpose, it may be violating the FCRA. Learn more about who can use your credit report and for what purpose on our improper use of credit report page.

Hire BCJ Law to Help!

If Portfolio Recovery Associates is reporting inaccurate information about you, refused to investigate your dispute, failed to correct an error, or used your credit report for an improper purpose, contact BCJ Law LLC. To get a free case review, call 1-800-997-5561 or complete our contact form.

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