Portfolio Recovery Associates, Inc. Credit Reporting Complaint

Portfolio Recovery Associates, Inc. Credit reporting department,

Incorrect information on credit report Account terms Michigan

Portfolio Recovery Associates is reporting a credit card account purchased from - to the credit reporting agencies with a balance of $5400.00 although this account was settled in full with a - balance on -/-/-. I have disputed this multiple times with this collector/debt buyer ( please see the attached letters and documentation provided with those letters ) and have even attached the Satisfaction of Judgment provided by the court, however, Portfolio continues to report this balance to both - and -. The fact that they report a - balance to - confirms that at least part of their records correctly reflect this settlement but obviously their records are still badly in error. I initially disputed this error with -, - and - on -/-/-. Since the account came back verified, I disputed directly with Portfolio on -/-/- with a Validation demand under the FDCPA and FCRA, which, again received no response. I sent a - validation demand on -/-/- under the FDCPA,


Portfolio continues to ignore my legitimate requests under federal law and knowingly and arrogantly reports erroneous information to my credit report in violation of the FCRA. Further, per the FTC, the very act of reporting an account by a collector to a consumer reporting agency is a collection activity ( FTC-Cass Staff Opinion Letter, - -, -, " ... we believe that reporting a charged-off debt to a consumer reporting agency ... constitutes " collection activity '' on the part of the collector ... '' ). This, to my understanding represents a violation of the FDCPA by continuing to collect on an account that has been legally paid.