Have you received a Portfolio Recovery Associates debt collection notice?
This debt acquisition and collection company purchases debt accounts from various consumer credit originators. Some important points regarding several of PRA’s most prominent collection portfolios are:
Portfolio Recovery Associates / Bank of America accounts are often collected on under the name subsidiary name Portfolio Recovery Associates / FIA Card Services, N.A.
Portfolio Recovery Associates / Citibank (South Dakota), N.A. debts may have been acquired by Citigroup’s mainstay lender, Citibank National Association, prior to be sold off to PRA, creating an additional layer of defense to the claim.
Portfolio Recovery Associates / Capital One Bank (USA), N.A. debt accounts may target subprime borrowers.
Portfolio Recovery Associates / GE Capital Retail Bank accounts are usually issued under a retail store brand name, such as PC Richards home electronics store. This lender is also affiliated with the retail credit company GE Money Bank.
Portfolio Recovery Associates / HSBC Bank may have charged inflated interest rates on your credit card account due to this lender’s manipulation of global interest rates.
Portfolio Recovery Associates / Nordstrom FSB credit cards are issued by a federal savings bank (FSB) affiliated with this department store, usually for in store purchases.
To review our Blog articles about Portfolio Recovery Associates, click here.
Portfolio Recovery Associates is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol PRAA. It was originally founded in 1996 as a limited liability company in Virginia. The company has grown substantially since that time, as global debt markets have been strained by credit defaults. These economic factors helped put Portfolio Recovery Associates on the list of Top 10 Debt-Buyers in the United States.
PRA’s rapid expansion has resulted in numerous consumer protection violations, including improper service of the Summons & Complaint in a high volume of debt collection lawsuits. The Office of the New York State Attorney General filed a claim against PRA for these violations, and the resolution of the case leaves many default judgments subject to being vacated in court.
Portfolio Recovery Associates’ Debt Collection Lawyers include:
Kristen S. Mantyla, Esq., in house attorney, admitted to NY bar in Year 2006
Christa Muratore Esq., in house attorney, admitted to NY bar in Year 2005
Sheena Daneshyar, Esq., in house attorney, admitted to NY bar in Year 2011
Forster & Garbus LLP, outside counsel
Selip & Stylianou LLP, outside counsel formerly called Cohen & Slamowitz LLP
Malen & Associates, PC, outside counsel
If Portfolio Recovery Associates has send you a debt collection notice, forward us a copy and let us fight for you!