3 Immediate To Do’s When Sued by Portfolio Recovery Associates

What is the first thing to understand when you have been sued by Portfolio Recovery Associates? Well, it has been wisely stated that one should know one’s enemy so let’s start there and explore what the heck Portfolio Recovery Associates really is, before we get to the three to do’s.

Portfolio Recovery Associates, LLC
A debt buyer. Portfolio Recovery Associates, LLC is a bulk purchaser of defaulted consumer credit card debt. As with many other companies in the debt buying industry, it is widely considered to be a predatory company that prospers in direct proportion to the degree that consumers fail to respond to unsubstantiated collection lawsuits, as corroborated by legal enforcement activity against the company in 2015 by the Consumer Financial Protection Bureau. Portfolio Recovery Associates, LLC is owned by publicly traded parent company, PRA Group, Inc.
PRA Group, Inc. (NASDAQ: PRAA)
Publicly traded debt buyer based in Norfolk Virginia, which operates in America under puppet companies, including Portfolio Recovery Associates. The company’s modus operandi is to mass file unprovable credit card collection lawsuits, without the ability to prove that it owns the underlying accounts and without the ability to prove the legitimacy or the amounts of the underlying debt. The business model is entirely dependent upon consumers failing to properly respond to lawsuits, thereby enabling PRA and its puppet companies, including Portfolio Recover Associates, LLC to obtain default judgments in cases where consumers could easily have prevented this from happening.

Now, moving right along.

So You Were Saying that You Were Sued By Portfolio Recovery Associates, LLC?

Then you’ve come to the right place. After you read about the “3 immediate to-do’s” please continue reading to find out how you can get a free e-book and an entire free online course on how to respond to a California collection defense lawsuit (believe me when I tell you that I could sell this material, so don’t be fooled by the fact that I’m giving it to you for free).

Now, here are the three things.

First, If You’ve Been Sued by Portfolio Recovery Associates, LLC Do Not Call Them and Do Not Talk to Them

I know, technically this is a “to-don’t” rather than a “to-do” but I’m still counting it as one of the three. (For more “don’ts” here is a list of the five most common mistakes consumers make when they are sued.)

Think about it, after you’ve been sued by Portfolio Recovery Associates, LLC, then in any conversation the objective of Portfolio’s representative is to get you to give it money; money that you and your family are relying upon. It is easy for Portfolio Recovery Associates, LLC to mislead you, because as the debt collector that just sued you, Portfolio Recovery Associates and its attorneys are on their home turf, and you, my friend do not know the territory or the rules.

Remember that great scene in “Escape From New York” where Snake Plissken (Kurt Russel) faced off against some tough guys? Here’s how the scene went:

Snake: I’m gonna give you as*h**** a chance. What do you say we play by Bankok Rules?

[Snake picks up a can and the four tough guys back up and get ready.]

Snake: Now, nobody draws until this hits the ground.

[Snake throws the can straight up. The four tough guys watch it arc high into the air. Snake draws his revolver and kills them all.]

[The can then hits the ground.]

Snake: [Smirking at the dead men] Draw.

Don’t be like those tough guys.

It is true that when you are sued by Portfolio Recovery Associates, and when you then talk with the good people employed there, they may offer you a “deal” to settle right away. Who knows, maybe even 50% off if it’s a big debt.

But, there are strings attached that will strangle you (as you will find out after you foolishly electronically transfer your first payment) and Portfolio Recovery Associates will then soon have a judgment against you for the full amount.

You’ll be scratching your head asking “how did that happen, I thought we had a deal?”

You may then hear the sound of Snake’s tin can hitting the ground.

Second, Be Cautious When Hiring Someone to Help You

Yup, that’s the very simple second thing. The first thing was don’t trust the enemy. The second thing is, don’t trust everybody that claims to be saving you from your enemy.

There are people out there (some of them attorneys) who are glad to charge you lots of money and do absolutely nothing for you. There are companies that focus on “debt settlement” where they will ask to see your credit report and try to do a sales job on you to address your “whole financial scene” when in fact you called to focus on a single compelling problem, namely that you have been sued.

You’re not looking to be sold on expensive services that you do not absolutely need this minute.

Let me tell you a little secret: In a pinch you could represent yourself.  Of course, you still need to know how to do the paperwork, and have some sense of the strategy and tactics involved when deciding what to write.

It does help to talk to somebody who knows what they are doing in this regard, and can save you a lot of time, but ultimately you could do it yourself, and that’s better than going with somebody you don’t trust. (Obviously, the best option is to hire somebody you do trust).

Third, File a Response With the Court Within 30 Days (or Hire an Attorney)

You must file a response with the court within 30-days of when you were served with the lawsuit. Portfolio Recovery Associates wants one thing more than anything else: They want you to fail to get your answer filed in time.

If you fail to file a timely response, Portfolio Recovery Associates may be able to get a “default judgment” against you. That means, without your input, the court will give Portfolio Recovery Associates a judgment against you for the full amount it is asking for. Portfolio Recovery Associates can seek a judgment against you as soon as you blow the 30-day deadline. Even if a later court hearing date has already been scheduled.

Don’t blow the deadline.

Remember, even if you do properly represent yourself, it is possible for a biased trial court to hand an unearned victory to Portfolio Recovery Associates, so that is another good reason to hire an attorney to represent you, because a good attorney will also protect your ability to appeal if necessary (see here for an example of a successful appeal against Portfolio Recovery Associates).

I'm Ian Chowdhury, the attorney who runs the California Collection Defense website.

I created an online course on how to defend against a California debt collection lawsuit. It is absolutely FREE...for now.

You need this course if you've been hit with a credit card collection lawsuit in California court.

After you sign up for the course, you'll also have the option of purchasing the step-by-step e-book that you may have heard about on how to prepare, serve and file an "answer," (the e-book is optional, it only costs $8 and is only available for people who enroll in the free course).

Streaming video lessons will also cover, in detail, the major aspects of understanding the debt collection case.  You can click here to sign up.

This is a course that I could definitely sell for money, but I want to make it available for free to as many people as possible.

Do you want to see a sample so you know what you're getting before you plunk down your $0? I get it. I'm a cynic too. Here you go:

You can sign up by clicking any link on the page, or by using this sign up button:

"What's the catch?" you might ask.

After all, I do represent consumers against debt collection cases, so why am I giving away all the information for free?

I don't mind telling you:  The "catch" is that it is in my own self-interest to help as many people as I can for free.

People who are the right fit for me will want to hire me to represent them if they possibly can.  Nobody WANTS to handle a lawsuit alone. Basically, I'm not losing any business by doing this.

Meanwhile, this course helps a LOT of people whose cases I simply can't take on.

And that helps ALL of us: As large masses of people learn to resist debt collection lawsuits, debt collection attorneys have to spread themselves ever more thinly and can spend less time on any one of their cases.  Let me rephrase a bit: Those jack asses can't take all of us on at once!

That's good for you, it's good for me, it's good for society, and it's absolutely DEVASTATING to the corrupt debt collection industry. :-)

The unfortunate fact is I may eventually have to start charging future students, because the course will inevitably start to consume a larger portion of my time.

But that doesn't affect you, because you can get in under the wire, by clicking the "SIGN UP" button, above, or any of the sign up links on this page.

One more thing.  To make sure you get what you need, I am offering one more perk with this free course:  Members will be able to call in to periodic conference calls with me (consumer attorney, Ian Chowdhury).

You will be able to submit questions in advance of the call, and then approximately once a month I will address those topics on the live call.

Please share this page with your friends and acquaintances on Facebook and elsewhere; I promise you some other people you know are facing a debt collection lawsuit -- it's not the sort of thing that people talk about, but it IS happing to them.

DISCLAIMER:  Hopefully, this is already obvious, but neither signing up for the course nor using the e-book means that Ian Chowdhury is your attorney.  Ian Chowdhury is not your attorney unless you have a signed written contract stating that he is.  Don't make Ian Chowdhury angry by claiming otherwise.