Has Portfolio Recovery Associates, LLC (“PRA”) garnished your wages or bank account? If so, chances are very good that PRA has taken money from you that it has no legal right to recover from you. We can help you get that money back in addition to up to $1,000.00 in statutory damages.
PRA is the second biggest, publicly-traded third-party “debt buyer” and debt collector. PRA does not lend money or originate credit like some credit card companies. Instead, it buys defaulted accounts from original creditors like Citibank, Synchrony Bank, Bank of America, FIA, Capital One, Chase, or other creditors. Debt buyers are also considered debt collectors and have to comply with the federal Fair Debt Collection Practices Act (FDCPA). PRA is very active in the Commonwealth of Kentucky, bringing thousands of lawsuits a year.
The Consumer Financial Protection Bureau found that PRA
attempted to collect debts that they knew, or should have known, were inaccurate or could not legally be enforced based on contractual disclaimers, past practices of debt sellers, or consumer disputes. The companies also filed lawsuits against consumers without having the intent to prove many of the debts, winning the vast majority of the lawsuits by default when consumers failed to defend themselves. These practices violated the Fair Debt Collection Practices Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
We at Lawson at Law, PLLC have recently discovered that PRA has a pattern and practice of adding fees and costs to garnishments that it has no legal right to recover.
It is an express violation of theFDCPA for a debt collector to collect more on a debt than is legally owed on the debt. If PRA violated the FDCPA by garnishing your wages or bank account, we can sue PRA under the FDCPA on your behalf at no cost to you. We can represent you for no cost because under the FDCPA, Midland has to pay our fees and costs if we win or settle with PRA. We are so confident of our ability to get a judgment or settlement against LVNV Funding and at least $1,000.00 for you, that we are happy to take this risk.