Consumer complaint received 2018-07-27
Company: PORTFOLIO RECOVERY ASSOCIATES INC
State: IN
Product: Debt collection
Sub-product: Credit card debt
Issue: False statements or representation
Sub-issue: Attempted to collect wrong amount

Complaint:
XXXX XXXX XXXX XXXX Known as " PRA '' has been reporting inaccurate information on my credit reports that are clearly complete violation of the FCRA and FDCPA legislation. According to my credit reports PRA started reporting in early 2017. PRA is listing themselves as 'Original Creditor ' reporting a 'Factoring Company ' and that I have an 'open installment account ' with '1 month terms ' and a 'past due balance ' reporting on each credit report, i have never had any signed payment ageement or contract with PRA, this violates so many laws. Here are a few that I have found. That each time PRA reported as verified has violated.

1 ) PRA has violated 15 USC 1692e ( 2 ) ( A ) by falsely Representing themselves as an Original Creditor, PRA is not the original creditor and they are listing the account as an 'open ended account ' listed under installement loans with payment history and not under Collections on my credit reports.

2 ) In a previous complaint against PRA -CFPB Complaint number- " XXXX '' PRA has stated and i quote [ In response to your complaint, XXXX XXXX XXXXXXXX XXXX XXXX ( PRA ) investigated and verified the PRA account ending in XXXX and the accuracy of the information we furnished to the consumer reporting agencies in regard to the account. ]. Therefore PRA is Admittley and knowingley furnishing false and inaccurate information on my credit reports to the credit reporting agencies, PRA has violated 15 USC 1681s ( 2 ) by knowingly furnishing inaccurate information about a consumer to credit reporting agencies.

3 ) PRA has violated 15 USC 1692e ( 8 ) by communicating credit information which is known or which should be known to be false, by reporting the account as open and installment on my credit reports. 


4 ) PRA has violated 15 USC 1692e ( 10 ) by using any false representation or deceptive means to collect or attempt to collect any debt by falsely representing themselves as a Creditor and reporting the account as an open and installment account on my credit reports and by calling themselves a Factoring Company.

5 ) PRA has violated 15 USC 1692f by using unfair or unconscionable means to collect or attempt to collect any debt by reporting the account as an 'open installment with payment terms of 1 month and a past due balance ' to deceive current and potential creditors and to negatively impact my credit scores.

7 ) PRA violated 15 USC 1692e ( 12 ) - labeling the account as 'Factoring Company ' account, PRA claiming to be a factoring company, they are alleging that they purchased the debt when it was not in default, as its shown on my attached Experian credit report resulting in the false representation or implication that accounts have been turned over to innocent purchasers for value. PRA are not innocent purchasers and not holders.

8 ) About the " installment '' notation on my credit reports. The definition of instalment is as follows : A revolving line of credit is know as an " Open-ended account where there is a possiblity on continuing transactions ''. An installment account implies a one time purchase or a sale of goods and or property where there is a written contract " deliniating terms and interest rate with fixed payments per an agreed to schedule. ( I ) have never signed any installment agreement with PRA, and there was none such with the purposed original creditor.

9 ) 16922f ( A ) debt collector may not use unfair or unconscionable means to collect or attempt to collect any debt. Representing themselves as Orignial Creditor and the use of factoring company is unfair as it deprives the consumer of rights, remedies and defenses and provides a false impression to current and potential lenders.

Company response to consumer: Closed with explanation