Consumer complaint received 2025-08-08 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: Portfolio Recovery Associates, LLC
State: NC

Complaint narrative:
Complaint File # this complaint is being responded to is XXXX I requested validation of accounts in question from a previous correspondence that i sent to Portfolio Recovery Services in response to derecognized debt that you are attempting to collect on which is in violation of ASC 860 ; derecognized debt is not a valid debt. In your response sent to me through the CFPB online portal, Portfolio Recovery Services quoted internal policies while stating that they have a right to collect on the reported debt that you are reporting to the credit bureaus about XXXX XXXX. As a consumer i have a right to request all documentation of this reported debt from Portfolio Recovery Services and any entity that furnishes debt and has questionable collection practices. Portfolio Recovery Services did not Lawfully respond to my request for validation of debt in question nor have they sent me any documentation that supports their legal and lawful right to collect a debt from XXXX XXXX. Ignorance of the law is no excuse and acquiesce in law stands as facts. 

The furnishers of each account listed must produce documentation that these debts are valid receivable under GAAP which shall include a general ledger showing the loan on the balance sheet, proof of assignment consistent with XXXX XXXX transfer criteria, and evidence that the asset was not previously sold, securitized or extinguished through insurance, settlement or offset. The FDCPA prohibits deceptive, unfair and abusive practices in the collection of any debt. Furnishers must provide proof of a valid binding contract with the consumer. If Furnishers of accounts can not provide documentary proof and adhere to both federal law and accounting standards then it shall be evident that Furnishers of accounts did In fact wilfully, Knowingly and intentionally violate consumer law.. 

I demand Portfolio Recovery Services send me documentation validating the legal and lawful right to collect on derecognized debts per ASC 960 and ASC 310. They are reporting on 3 separate accounts and I demand documentation for all 3 accounts. If Portfolio Recovery Services can not provide the requested validation documentation to XXXX XXXX, Portfolio Recovery Services must delete all XXXX accounts that they are reporting on or face civil liability. 

I request the following for the second time : Proof of legal or lawful contract between Portfolio Recovery Services and XXXX XXXX and not evidence of a contract that you are not the Holder in due course of. 
Documentation that these debts are valid receivable under GAAP which shall include a general ledger showing the loan on the balance sheet, proof of assignment consistent with ASC 860 transfer criteria, and evidence that the asset was not previously sold, securitized or extinguished through insurance, settlement or offset. 
Proof that this debt wasn't purchased or assigned. 
Proof that Portfolio Recovery Services provided a service to XXXX XXXX. 
Proof that this debt hasn't been derecognized as per ASC 860 and ASC 310.

Please provide a lawful court order certified by the clerk of court in the county which judgment took place. 

Please Cease and Desist any and all communication and collection activities from this moment on until the requested documentation has been provided to XXXX XXXX as demanded.

Company response to consumer: Closed with non-monetary relief