Just a heads up to everyone — I think Portfolio Recovery Associates, LLC (PRA) may be using a loophole in the CFPB v. Portfolio Recovery Associates, LLC Stipulated Final Judgment and Order (2023).
In my case, they responded to a written dispute using what looks like a template (D3), but the “validation” didn’t actually verify anything.
General example of what they sent:
A short letter saying they “reviewed records” and the debt is valid
An unsigned “notice of sale”
two old billing statements (six months apart)
No chain of title, no full account history, no real breakdown of the balance
There were also mathematical inconsistencies and the interest at charge-off didn’t make sense based on the statements.
It feels like they’re using these template responses to check the box and keep collecting.
Also, I’m in Florida, and they continued collection on what appears to be a time-barred debt without clearly disclosing that.
Has anyone else seen similar responses from PRA? Especially the D3-style letters or continued collection after weak “validation”?