Scam Collection Calls
Complaint
MCH
Country: United States
I again received a call from this number/company in my cell phone. They call 1-2x every week. so irritating.
I had long straightened out my credit card debts in 2002. Suddenly, since 2008, I started getting calls from this company. I do not know how they got my cell ph number. I read almost all the complaints ahainst this company and now am convinced they they are scammers.
Should we all band together and file a class action suit? Or, report this company to the authorities in ur respective cities/states?
I had long straightened out my credit card debts in 2002. Suddenly, since 2008, I started getting calls from this company. I do not know how they got my cell ph number. I read almost all the complaints ahainst this company and now am convinced they they are scammers.
Should we all band together and file a class action suit? Or, report this company to the authorities in ur respective cities/states?
Comments
PORTFOLIO RECOVERY ASSOCIATES, INC.
ANNUAL BONUS PLAN
June 4, 2010
Purposes of the $2 Million Bonus Plan
To bypass IRS Code 162(m) which limits the Company’s federal income tax deductibility of compensation paid to the Chief Executive Officer Steven D. Fredrickson and the three other most highly compensated officers unless such compensation qualifies as "performance-based compensation" under Code Section 162(m).
The Bonus Plan
At the 2010 Annual Meeting, Company shareholders also approved the adoption of the Portfolio Recovery Associates, Inc. Annual Bonus Plan (the "Bonus Plan"), which was adopted by the Board on March 19, 2010, subject to shareholder approval.
The Compensation Committee of the Board of Directors (or a subcommittee thereof) will administer the Bonus Plan and, subject to the terms thereof, has the sole discretion to determine the amounts, terms and conditions of each award; however, the maximum amount payable to a participant in respect of any award under the Bonus Plan in any 12-month period is $2,000,000.
CEO Steven D. Fredrickson and any other executive officer of the Company or of any affiliate may be selected by the Compensation Committee to receive an award under the Bonus Plan for any year, and any such selection generally must occur prior to the expiration of 25% of the applicable "performance period" (i.e., the fiscal year or portion thereof that will be used for measuring actual performance).
For each such performance period, the Compensation Committee will establish
(a) the performance goals based on business and financial criteria and
(b) a formula for calculating a participant’s award based on actual performance as compared to the pre-established performance goals.
The Bonus Plan is designed so that the awards made there under will satisfy the requirements for "performance-based" compensation within the meaning of Code Section 162(m).
3.1. Eligibility Only CEO Steven D. Fredrickson or officers chosen by the compensation committee consisting of “outside directors” David Nathan Roberts and John E. Fuller. John Fuller is the COB at Dealer Services Corporation where he also sits with David N. Roberts, the UFO.
4.5. Maximum Award - $2,000,000 in any 12-month period.
5.2. Section 162(m) of the Code. Unless otherwise determined by the Committee, the provisions of this Plan shall be administered and interpreted in accordance with Section 162(m) of the Code to ensure the deductibility by the Company of the payment of Awards.
The purposes of the Plan are to advance the interests of the Company and its stockholders and assist the Company in attracting and retaining executive officers of the Company and its Affiliates who, because of the extent of their responsibilities can make significant contributions to the Company’s success by their ability, industry, loyalty and exceptional services, by providing incentives and financial rewards to such executive officers.
http://www.sec.gov/Archives/edgar/data/118534 ... 02/exhibit2.htm
(757) 321-6281
(757) 961-3544
(757) 961-3546
(775) 412-4499
(866) 940-7640
(877) 487-5583
(877) 803-0008
These are some of the numbers that they use.If you have call screening or call rejection-add these# They have been calling me for months asking for someone that doesn't live at my household.
Yes a class action suit sounds great. Add me on. These people sound very scummy.
620-662-8870
They called my 85 year old Grandmother to speak with her about "business". I handle all of her business matters and when I questioned them they refused to speak with me. They left a number and asked to have her return their call...right...
Any advice on getting this to stop?
it can be anywhere from 3 years - 15 years depending on the state, and the type of loan.... for instance, two types of loans in Kansas and Olkahoma have a 3 year statute, and have 2 types that have a 5 year statute of limitations.
do not let the collection companies bully you into paying.... that is all they are trying to do, and Portfolio Recovery is doing just that, they give you misleading information and then.... you end up paying and well, the money is gone even if you did not really owe it....
they are bullies.....
\
if you do not want them to call anymore....
WRITE THEM A LETTER STATING THAT THEY ARE NO LONGER ALLOWED TO CALL YOU. and send it certified with return signature type so you get a date and time and name of the person that is receiving it.
at that point, the only thing they are allowed to do is send a letter acknowledging the fact that they will no longer be contacting you.
done deal, if they do..... TAKE THEM TO COURT !!!!!!!!!!!
I said " you've got to be kidding!" At that point i told them he had passed away and I didn't know of any unpaid debt. They said they would take thatito consideration and I hung up. They have been calling constantly
since and refuse to answer the phone. I don't even know where to send a
letter to tell them to quit calling.Does anyone have an address? I have never received a letter in the mail, just these phone calls. I mean come on! 37 years aftr the fact!!!
Portfolio Recovery Associates, LLC
"We're giving debt collection a good name"
Hours of Operation: (EST) 8am-11pm M-F, 8am-5pm Sat, 2pm-9pm Sun
Company Address: 120 corporate blvd., Norfolk, VA 23502
Disputes Mailing: 140 corporate blvd.
Disputes Email: PRA_Disputes@portfoliorecovery.com
They have been harassing me for quite some time. Just sent a "cease and desist" email yesterday. In the event they try to contact me by phone, mail, email, or harass anyone associated with me, I will file a lawsuit. My debt was proven to be Fraud back in 2004 and even ALL credit agencies removed any reference to that debt off my credit record. How Portfolio created the existing debt and "re-aged" it twice (1998 debt, statute of 7 years) also, original debt $600.00 (have report showing this, paid/always on time) portfolio states the amount as $7,227.43. I will gladly give any information on this "fraudulent" company as it seems they are above the law for some reason.