SUCCESS - Against Portfolio Recovery Associates!

[JDB Victim]

I started a thread called "Fake Cancelled Debt = Income - IRS 1099-C" in this forum after I received a 1099-C from Portfolio Recovery Associates in early February 2008. I think you can access it here if the link works: http://www.debt-consolidation-credit...ery+associates

Today I am pleased to notify everyone that I received a letter from the Office of General Counsel of Portfolio Recovery Associates. Included was a VOID 1099-C!!!! The letter was a cc of a letter sent to the Attorney General of Illinois (my state of residence) saying to "settle the matter amicably, they voided the 1099-C." Really? I think they voided it because they have absolutely no documentation of any such debt and they obviously backed down upon an inquiry from the IL AG's office. If they had something legit, they would not have backed off as they did. The complaint I filed with the IL AG's office seems to have worked. I am amazed that it did. I also retained a lawyer. I believe they violated an act that means they have to pay me some compensation. Today I phoned my accountant and he is preparing an amended tax return for 2007 so I can get the money back from IRS because I included as income the fake debt they "cancelled." This letter from them made my day. I hope others have success in fighting this horrible company. I know you all share in my victory and I wish the same for any others who were victimized by these shysters. Thanks to everyone who posted and the advice given. I don't know if I would have known what to do without your help. A fraud complaint with IRS is still pending. I wonder if anything will come of that. Good luck to everyone out there fighting low down dirty debt collection companies that play their nasty games on the out-of-bounds line. I hope everyone else is successful against these bottom feeders too!

[debtorshusband]

Congratulations.
I hope you get monetary compensation, too. If nothing else, you lost out on the interest you could have earned on the money you had to pay to the IRS.

Regards,
DH

[Nascar3]

Congratulations! I had a long several-months-battle with those jerks as well! I won too. They are the worst of the worst and think nothing of it. I am proud of you and your attitude! Keep us posted on the rest.

[admin]

Congrats!

[tonitunes]

Way to go!!! I know that had to feel good

[Collection Terminator]

I followed your posting and did the same thing that worked for you. Guess what I received today by mail? The SAME response letter from PRA to my AG's office, and a Void 1099-C!!! And just as you did, I'm still going to see an attorney this week to see if there's still a case against these vultures. Doesn't hurt to try. After all, why would PRA back down on filing a 1099-C if it was legit, right? Thanks to you and everyone here for all the great support and recommendations!

[debtfreein18]

Originally Posted by JDB Victim

I started a thread called "Fake Cancelled Debt = Income - IRS 1099-C" in this forum after I received a 1099-C from Portfolio Recovery Associates in early February 2008. I think you can access it here if the link works: http://www.debt-consolidation-credit...ery+associates

Today I am pleased to notify everyone that I received a letter from the Office of General Counsel of Portfolio Recovery Associates. Included was a VOID 1099-C!!!! The letter was a cc of a letter sent to the Attorney General of Illinois (my state of residence) saying to "settle the matter amicably, they voided the 1099-C." Really? I think they voided it because they have absolutely no documentation of any such debt and they obviously backed down upon an inquiry from the IL AG's office. If they had something legit, they would not have backed off as they did. The complaint I filed with the IL AG's office seems to have worked. I am amazed that it did. I also retained a lawyer. I believe they violated an act that means they have to pay me some compensation. Today I phoned my accountant and he is preparing an amended tax return for 2007 so I can get the money back from IRS because I included as income the fake debt they "cancelled." This letter from them made my day. I hope others have success in fighting this horrible company. I know you all share in my victory and I wish the same for any others who were victimized by these shysters. Thanks to everyone who posted and the advice given. I don't know if I would have known what to do without your help. A fraud complaint with IRS is still pending. I wonder if anything will come of that. Good luck to everyone out there fighting low down dirty debt collection companies that play their nasty games on the out-of-bounds line. I hope everyone else is successful against these bottom feeders too!

That's great! The IL AG is known as a pitbull for consumer rights. If we all keep complaining to our state AG's they DO notice patterns and will take action, as we've seen in NY, MN and other states. It's all well and good to sue, but in most cases it takes the AG's to get them to either shut down or at least attempt to follow the collection laws.

As soon as the SOL is well and truely past on a few of my DH's alleged debts, I'll be writing a few complaint letters of my own!

[cinci]

I posted this before on a different thread but I just want to repeat it because I think these guys are a serious threat and menace to any American that has a telephone, equity and a bank account.

People at PRS continue to call me to collect a debt from someone with a similar, but not exact name as I. The residence history is different too. When I tell them this, they accuse me of lying. Very aggressive, threatening and interrogate like the KGB. After checking them out on the internet, it is my opinion that they are predators that prey on poorer and unsophisticated people that can't fight back. Wealthy people have attorneys to deal with this stuff. I think that they need to be shut down! Since it operates across state lines, it is a Federal thing. Contact your Senator and Congressman and demand action! Obama is for the little guy so send emails to the Whitehouse too. Let get it done!

[musimann]

Originally Posted by cinci

Obama is for the little guy so send emails to the Whitehouse too. Let get it done!

Now that is funny.

By little guys do you mean the little guys like Volker and Geitner and Summers and all the little banks of Wall Street and the Federal Reserve?

[hasas13]

Yes, the IL AG does it again, she is great! I am happy for you.

[Baggins]

Congrats, anyone that fights these losers are aces in my book! These are the filth that wanted "to talk" to my deceased dad....jerks!!

[chloe_pink]

congratulations! these crooks are calling even on 1-4am!!!!

[P.A.'er]

Originally Posted by JDB Victim

.

Originally Posted by Collection Terminator

!

Congrats!!!!!!

[MG05]

Originally Posted by JDB Victim

I started a thread called "Fake Cancelled Debt = Income - IRS 1099-C" in this forum after I received a 1099-C from Portfolio Recovery Associates in early February 2008. I think you can access it here if the link works: http://www.debt-consolidation-credit...ery+associates

Today I am pleased to notify everyone that I received a letter from the Office of General Counsel of Portfolio Recovery Associates. Included was a VOID 1099-C!!!! The letter was a cc of a letter sent to the Attorney General of Illinois (my state of residence) saying to "settle the matter amicably, they voided the 1099-C." Really? I think they voided it because they have absolutely no documentation of any such debt and they obviously backed down upon an inquiry from the IL AG's office. If they had something legit, they would not have backed off as they did. The complaint I filed with the IL AG's office seems to have worked. I am amazed that it did. I also retained a lawyer. I believe they violated an act that means they have to pay me some compensation. Today I phoned my accountant and he is preparing an amended tax return for 2007 so I can get the money back from IRS because I included as income the fake debt they "cancelled." This letter from them made my day. I hope others have success in fighting this horrible company. I know you all share in my victory and I wish the same for any others who were victimized by these shysters. Thanks to everyone who posted and the advice given. I don't know if I would have known what to do without your help. A fraud complaint with IRS is still pending. I wonder if anything will come of that. Good luck to everyone out there fighting low down dirty debt collection companies that play their nasty games on the out-of-bounds line. I hope everyone else is successful against these bottom feeders too!

Help others in that might be in a similar situation with Portfolio … You could send all your documents to the IRS at this address:

http://www.irs.gov/individuals/artic...106778,00.html

Also … contact the Department of Justice as this attempt at extorting consumers could be widespread and a continuing criminal enterprise that would violate Federal Rico Acts.

http://www.justice.gov/atr/contact/newcase.htm

Who knows maybe you will help hundreds of others who have been unjustly screwed by Portfolio. We all have a responsibility on this site to help others!

[mdk003]

After I received a 1099 from Portfolio, I came here looking for advice. This thread gave me hope.

I called the IRS, which was mostly pointless. Most of the people were nice, but had no good advice. One told me I had to pay it, because no one could possibly issue a false 1099! I asked what the penalties were if I were to issue a 1099 to Bill Gates for a fraudulent amount, and she wouldn't answer me.

The letter to my AGO, on the other hand, worked miracles. I got a very terse response from Portfolio and a voided 1099!

The key in my case was that I had requested a DV, and they had never responded. I was able to argue that I had never received ANY validation of this debt or the amount, and therefore they couldn't possibly prove any amount on the 1099. I requested that they either void the 1099 or provide that proof. Sure enough, they voided it, and in a hurry too.

Moral for today: SEND YOUR DV! EVERY TIME!

In fact, I think a DV is far more effective than a cease and desist. The C&D would not have gotten me out of the 1099. Most JDBs do not have good records on any debts, let alone 10-20 year old debts, so the DV is very unlikely to ever be answered, and it puts them in a horrible place legally.

[qstarweb]

glad to hear you got results in fighting this bogus 1099 trickory by Portfolio Recovery Associates. I got one from them yesterday and my attorney will be writing them what he called a "93A letter" to get them to rescind the 1099C via the IRS.

Hwever, I have set up a web site in hopes of lining up plaintiffs for a class action against PRA. Please visit the site and sign up:'

portfoliorecoveryassociates1099fraud dot com


Thanks,

qstarweb

[saint al]

Hey! way to go!

[Ms_Nomer]

the more consumers advocate or act upon their rights, the slimier bad CAs will become. (didn't think that possible, did ya?) WTG (non)Victim!!! :0)