Rebuilder78

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About Rebuilder78

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    Tennessee
  1. Hi guys, I previously posted about two collections I have with PRA regarding credit card debts and was directed to speak a lawyer here in TN. I was given the advice to dispute the collections with the CRAs and once they reply to notify him Well it has been almost five days since I notified him of the results and I have not been given a reply. At this point I feel like trying to fight it is not worth it. I fear getting sued and then not being able to find a attorney to fight it and getting a judgement. Can anyone provide any advice on how I should approach PRA? I have filed a dispute with CFPB and am waiting for the results of that. If the outcome is not favorable then I think I will go ahead and try to settle the matter. Please tell me how I should go about getting this handled. I am so angry that this company is going to make money off of my financial misfortune.
  2. Do you still post on the board?  If so, I have a question about arbitration.  

  3. Thank you so much @debtzapper and @Clydesmom for all of your assistance and pointing me in the right direction.
  4. Thank you @Clydesmom! I have never had a lawsuit. Capital One sued me a couple of years ago and I contacted the law office and paid the agreed settlement before the case went to trial. The lawsuit was later dismissed with prejudice once I paid the last agreed installment.
  5. @debtzapper thank you for the response. No lawsuit has been filed yet but I think I may have poked a beehive with the debt validation letter. I did send @TNConsumerLawyer a message but I will give him a call tomorrow morning as you suggested.
  6. My Capital One account was originally owned by HSBC but was later sold after my account was charged off. I was not aware that Capital One was the provider until I received the verification from PRA. My account was opened in 2003. Thank you for the advice and I will consult the consumer attorney as well as attempt to reach out to @TNConsumerLawyer for help as well. As for the Comenity Bank debt, do you propose the same thing? In their validation PRA sent me a copy of the credit card agreement that does include arbitration and JAMS is an option. Do I wait to see what they do on this as well? They seem to have more information on this account as they have sent me a few copies of statements and the credit card agreement, while they have not sent any support documentation for the HSBC account...at least not yet. Thank you again! I am a nervous wreck and have been thinking about this constantly.
  7. Hi everyone, I am new to the board and this is my first post. I am looking for some advice on how to proceed with two debts being collected on by Portfolio Recovery Associates. The first debt was originally owned by HSBC before they were bought by Capital One and the account balance is $1,900. The last payment was made sometime during 2013 and was later charged off. The other debt was originally owned by Comenity Bank, the last payment was also in 2013 before it was charged off and the balance is $1,400. I was not aware of what the debts were at first so I sent a debt validation letter to PRA. So far they have "validated" only the Comenity Bank debt by sending me copies of 3 credit card statements, one showing the balance that they are requesting. I am now worried sick that they will attempt to sue me for the debt as I am now trying to rebuild. I have been reading a lot about junk debt buyers, settling, and arbitration but I am unsure as to what steps I need to take next or if I do nothing at all and just wait to see what they do. I'm hoping someone can offer advice on what my options are and what I should do to attempt to protect myself from a judgement being placed on my CR. Any advice? Thank you in advance!