Mar 19, 2014
They are calling from Portfolio Recovery Associates. They buy debt that is past the statute of limitations and attempt to collect. Usually Capitol One but they also buy debts from other companies. They use the tactic discussed in above posts to scare you and to attempt to collect information on you, such as, address, phone number etc. etc. If possible they will attempt to get you to admit to owing a specific debt. If you agree to make a minimum payment, the statute of limitations can be reset. As long as the debt is past the statute of limitations and you do not make a minimum payment and you do not admit to anything, they can not sue. There is absolutely no legal recourse they can take. All they can do is keep calling you and try to threaten you into making a mistake.(and they will call for years and years) Be very careful of speaking to them as they record calls and will use information against you. Two suggestions I have: #1 if they are calling a cell phone ... get mr number or another call blocker and just block their calls. #2 On debts past the statute of limitations ,you can stop debt collector calls by sending a written cease and desist letter. Be careful not to accept any type of responsibility for the debt because in some states, that could restart the statute of limitations. Just google "letter to stop collectors from calling after statute of limitations" and you can find templates for the letter. Make absolutely sure that your debt is past the statute of limitations otherwise it may accelerate legal proceedings against you. THE TACTICS THEY USE ARE ILLEGAL AND IF YOU PLAY YOUR CARDS RIGHT YOU CAN SUE THEM. You can see that the company in question is actually advertising on this page. See the add that says " PRA resolution center?" That's them!