Portfolio Recovery Associates is one the nation's largest debt buyers. Portfolio Recovery Associates makes profit by buying old or discharged debt from banks and other lenders for a fraction of the original amount. Portfolio Recovery Services then tack on years of unpaid interest and fees in an attempt to collect on the entire amount owed. This type of creditor is the worst to deal with as a consumer, as they will try any and all methods to get you to pay even a portion of the debt over several years. Luckily, this type of creditor is also easier for us to fight, as they rarely have all the original paperwork for the outstanding debt.

Portfolio Recovery Services has substantially increased the amount of lawsuits they file to collect delinquent debt, even over small amounts. Portfolio Recovery Associates pays pennies on the dollar to purchase your debt from your original creditor, and they will try every trick in the book to collect. This includes filing lawsuits in the hope you don't respond, and let's Portfolio Recovery Associates receive a default judgment for the entire amount. These lawsuits happen quickly, often occurring after only a few attempts to collect.

Our attorneys will aggressively defend you against Portfolio Recovery Associates and their teams of lawyers and force them to prove their case in court. As a debt buyer, Portfolio Recovery Associates must have the required documentation to prove their lawsuit and without it they are entitled to NOTHING! We will attack their case every step of the way and make them prove they are legally entitled to collect on the debt. You will find that Portfolio Recovery Associates is suddenly much more willing to negotiate once you have an actual attorney by your side. We'll also ensure all the harassment stops immediately, and all contact regarding the debt goes through us. Ultimately, our firm will either force Portfolio Recovery Associates to dismiss their lawsuit, or negotiate a settlement of the original debt for an amount you can actually afford to pay.

If you are facing a lawsuit from Portfolio Recovery Associates here in Texas, don't wait until it's too late. Contact the experienced debt relief attorneys of Johnson & Bryan today for a free evaluation of your case.

The information contained in this web page is for general information and educational purposes and is not legal advice. Reading these posts does not create an attorney / client relationship with the law firm of Johnson & Bryan.