Newbie
Posts: 7 
October 12th, 2007, 11:31 PM
[quote=Here Is Where Portfolio Comes In. They Buy The Debt And Help You Pay For It 1) At Lower Interest 2) With In Your Means. If Its Not You, Tell Them But You Have To Prove It. As For Operating Under The Legal Guide Lines Of Information Protecting And Debt Collecting Laws, They Follow Them First Hand. Mostly They Are There To Help You Out. So Dont Give Them A Hard Time, They Are Trying To Work For You And Help You Out. .[/quote] Is this an ad for PMG? Saying that they are in any way trying to help someone pay off a debt is like saying a mugger is helping you by making your wallet lighter to carry. PMG are the leaders in buying stat barred loans for peanuts then go fishing trying to sucker people into paying a small payment to reinstate the loan and get it back on your credit report.The they have the ability to put the pressure on you and also can legally take action if needed. So saying that they are helping you by buying a 3000.00 loan for as little as 15.00 and then also charging interest if they get you hooked is only helping themselves and thats all the scum at PMG are interested in.
[quote=Here Is Where Portfolio Comes In. They Buy The Debt And Help You Pay For It 1) At Lower Interest 2) With In Your Means. If Its Not You, Tell Them But You Have To Prove It. As For Operating Under The Legal Guide Lines Of Information Protecting And Debt Collecting Laws, They Follow Them First Hand. Mostly They Are There To Help You Out. So Dont Give Them A Hard Time, They Are Trying To Work For You And Help You Out. .[/quote] Is this an ad for PMG? Saying that they are in any way trying to help someone pay off a debt is like saying a mugger is helping you by making your wallet lighter to carry. PMG are the leaders in buying stat barred loans for peanuts then go fishing trying to sucker people into paying a small payment to reinstate the loan and get it back on your credit report.The they have the ability to put the pressure on you and also can legally take action if needed. So saying that they are helping you by buying a 3000.00 loan for as little as 15.00 and then also charging interest if they get you hooked is only helping themselves and thats all the scum at PMG are interested in.
Newbie
Posts: 1
October 16th, 2007, 03:44 PM
My spouse has had an ongoing battle with MJR since 2001 claiming he owed over $11,000 (which didnt belong to him) never showed up on his credit reports i at the end of 2005 after being told numerous times that they would delete the information from the system he recieved a letter with intent to pursue legal action, so i called and started asking questions and find out what his rights were...come to find out that the person they were looking for was born in 1958 my husband was born in 1973....i was advised again that this would be dealt with 6 months later started recieving calls again so i filed a complaint with the Ministry of government services consumer protection branch and gave them ery specific details of the calls and who i spoke to over the last year and a half (i took notes) about 4 weeks later recieved a letter from MJR (via the government ) that all the contact information would be deleted, as they were calling my husbands parents address as well, as far as telling his father he was lying and trying to cover for him, that was in the begining of last year. today a lady by the name of sue from portfolio management left a message at his parents address we didnt connect the 2 together, he called back and spoke with someone else who would not provide him with any company information, or what they were looking for when he asked questions they said they were not allowed to tell anything they asked for the last 3 numbers of his SIN, she asked to confirm if his DOB was 1958 (the same as the one that MJR was looking for) he hung up and told them never to call his parents house again ....my question is doesn anyone out there know if there is any relation between MJR and portfolio management as after almost 7 years of harrasment we are taking court action
My spouse has had an ongoing battle with MJR since 2001 claiming he owed over $11,000 (which didnt belong to him) never showed up on his credit reports i at the end of 2005 after being told numerous times that they would delete the information from the system he recieved a letter with intent to pursue legal action, so i called and started asking questions and find out what his rights were...come to find out that the person they were looking for was born in 1958 my husband was born in 1973....i was advised again that this would be dealt with 6 months later started recieving calls again so i filed a complaint with the Ministry of government services consumer protection branch and gave them ery specific details of the calls and who i spoke to over the last year and a half (i took notes) about 4 weeks later recieved a letter from MJR (via the government ) that all the contact information would be deleted, as they were calling my husbands parents address as well, as far as telling his father he was lying and trying to cover for him, that was in the begining of last year. today a lady by the name of sue from portfolio management left a message at his parents address we didnt connect the 2 together, he called back and spoke with someone else who would not provide him with any company information, or what they were looking for when he asked questions they said they were not allowed to tell anything they asked for the last 3 numbers of his SIN, she asked to confirm if his DOB was 1958 (the same as the one that MJR was looking for) he hung up and told them never to call his parents house again ....my question is doesn anyone out there know if there is any relation between MJR and portfolio management as after almost 7 years of harrasment we are taking court action
Newbie
Posts: 9
October 17th, 2007, 07:11 PM
Here is my response from PMCI...I still don't know what to do. The "payment" i attempted to make he mentions is bizarre, since I still don't recall owing money to TD? Not to mention when he says about my credit report, he says " it does not list an account number, only that the account was closed at my request"? My credit remains in good standing....what to do???
I am writing you back in regards to the above mentioned account.
Further to your request made in a previous e-mail, that we only communicate
with you in writing, I am writing to inform you of the results of our review
of your account, a student line of credit, conducted in conjunction with TD
Canada Trust.
We have the following, as a recap of events that have transpired thus far.
You were contacted by an Account Representative of Portfolio Management
Canada Inc. in regards to a TD Canada Trust (TDCT) account. You admitted
that, formerly, you had dealings with TDCT; but, that your account was
previously paid in full. Regrettably, you no longer have proof of this
assertion; however, someone you spoke with in the Payment Account Recovery
Department indicated that, in fact, your account was paid in full but that
they could not supply you with any proof. After contacting our Account
Representative, you were told that an Affidavit, stating that you had
previously paid this account, signed by a lawyer or police officer,
submitted to our office would close this account. Unfortunately, that
information was incorrect and for that I apologize. Also, while there is a
TD Bank listed on your credit bureau, it does not list an account number on
your Trans Union Credit Report and the account simply shows as closed at
your request.
According to our contact at TDCT, on November 2, 2002 you attempted to make
a payment on this account. However, the bank has this listed as a returned
item which means that the payment was not applied to this account.
Consequently, based upon the information we've received from TDCT, this is a
valid account with a balance that remains outstanding. PMCI is now the
legal owner of this account. Also, your attempted November 2002 payment
means that this account will not be statute barred until November 2, 2008.
Here is my response from PMCI...I still don't know what to do. The "payment" i attempted to make he mentions is bizarre, since I still don't recall owing money to TD? Not to mention when he says about my credit report, he says " it does not list an account number, only that the account was closed at my request"? My credit remains in good standing....what to do???
I am writing you back in regards to the above mentioned account.
Further to your request made in a previous e-mail, that we only communicate
with you in writing, I am writing to inform you of the results of our review
of your account, a student line of credit, conducted in conjunction with TD
Canada Trust.
We have the following, as a recap of events that have transpired thus far.
You were contacted by an Account Representative of Portfolio Management
Canada Inc. in regards to a TD Canada Trust (TDCT) account. You admitted
that, formerly, you had dealings with TDCT; but, that your account was
previously paid in full. Regrettably, you no longer have proof of this
assertion; however, someone you spoke with in the Payment Account Recovery
Department indicated that, in fact, your account was paid in full but that
they could not supply you with any proof. After contacting our Account
Representative, you were told that an Affidavit, stating that you had
previously paid this account, signed by a lawyer or police officer,
submitted to our office would close this account. Unfortunately, that
information was incorrect and for that I apologize. Also, while there is a
TD Bank listed on your credit bureau, it does not list an account number on
your Trans Union Credit Report and the account simply shows as closed at
your request.
According to our contact at TDCT, on November 2, 2002 you attempted to make
a payment on this account. However, the bank has this listed as a returned
item which means that the payment was not applied to this account.
Consequently, based upon the information we've received from TDCT, this is a
valid account with a balance that remains outstanding. PMCI is now the
legal owner of this account. Also, your attempted November 2002 payment
means that this account will not be statute barred until November 2, 2008.
Newbie
Posts: 13
October 21st, 2007, 11:23 PM
MJR and Portfolio are not related. MJR is a collection company that would have had your account in the past and when they were not able to collect it after xx number of months they would have returned it to the original creditor and then the original creditor would have sold it to Portfolio
MJR and Portfolio are not related. MJR is a collection company that would have had your account in the past and when they were not able to collect it after xx number of months they would have returned it to the original creditor and then the original creditor would have sold it to Portfolio
Newbie
Posts: 13
October 21st, 2007, 11:26 PM
Melly who signed the letter that Portfolio sent you? Since they mention they have this "contact" at TDCT, tell them to provide proof of this amount owing such as a contract with your signature, account numbers, payment history, proof of this payment they claim you tried to make, etc and tell them that without this proof, you do not acknowledge that you owe this debt. Also send a copy of that letter to your provincial ministry that oversees collections in your province. If you are not sure who that is, post a reply and I will get that info for you. Let me know what Province you live in.
Melly who signed the letter that Portfolio sent you? Since they mention they have this "contact" at TDCT, tell them to provide proof of this amount owing such as a contract with your signature, account numbers, payment history, proof of this payment they claim you tried to make, etc and tell them that without this proof, you do not acknowledge that you owe this debt. Also send a copy of that letter to your provincial ministry that oversees collections in your province. If you are not sure who that is, post a reply and I will get that info for you. Let me know what Province you live in.
Newbie
Posts: 1
October 29th, 2007, 01:48 PM
I'm very happy to see this forum! We too are getting calls from PMC on a purchase they say happened in 1997. We NEVER have bought anything from the specific company they are claiming we owe money to.
We contacted the company and they say they have no record of anything before 2004 because that's when they sold those debts to a collection agency. (PMC is apparently the THIRD company to have this alleged debt)
Now I keep reading that people should say the debt is "stat barred" but I don't want to say that since we never owed any money to the company! That feels like I'm acknowledging something that isn't so.
What should people say who are being accused of debts that they never incurred but can't prove it?
Thanks,
( BTW my husband's name is one of the most common names in North America)
I'm very happy to see this forum! We too are getting calls from PMC on a purchase they say happened in 1997. We NEVER have bought anything from the specific company they are claiming we owe money to.
We contacted the company and they say they have no record of anything before 2004 because that's when they sold those debts to a collection agency. (PMC is apparently the THIRD company to have this alleged debt)
Now I keep reading that people should say the debt is "stat barred" but I don't want to say that since we never owed any money to the company! That feels like I'm acknowledging something that isn't so.
What should people say who are being accused of debts that they never incurred but can't prove it?
Thanks,
( BTW my husband's name is one of the most common names in North America)
Newbie
Posts: 13
October 29th, 2007, 05:52 PM
I would advise them to communicate only in writing with proof that you owe the debt. The responsibility is on them to prove you owe and not on you to prove you don't. Especially since they now own this debt, they should have a contract or something with your signature that shows you incurred this otherwise advise them to send you a letter stating they will close this account as you will not acknowledge this debt without their proof.
I would advise them to communicate only in writing with proof that you owe the debt. The responsibility is on them to prove you owe and not on you to prove you don't. Especially since they now own this debt, they should have a contract or something with your signature that shows you incurred this otherwise advise them to send you a letter stating they will close this account as you will not acknowledge this debt without their proof.
Newbie
Posts: 2
November 15th, 2007, 12:52 PM
PMCI are driving my husband looney. He saw his credit report and the debt they claim isn't there. He even tried saying that it was "stat barred" and they sent him ANOTHER @#&@#@#@#@# letter.
The "debt" is well over a decade old. When he last talked to them, they sent him to a voicemail box and that's when he told them to stop calling. He doesn't know what to do to get them to stop harrassing us.
PMCI are driving my husband looney. He saw his credit report and the debt they claim isn't there. He even tried saying that it was "stat barred" and they sent him ANOTHER @#&@#@#@#@# letter.
The "debt" is well over a decade old. When he last talked to them, they sent him to a voicemail box and that's when he told them to stop calling. He doesn't know what to do to get them to stop harrassing us.
Newbie
Posts: 2
November 20th, 2007, 05:32 AM
PMCI contacted me with a letter yesterday about a really old debt. I don't want to acknowledge the debt because it is about to go off my credit report next year. I don't want to reset the last activity date and have to wait another six years. I actually don't have a problem paying, but I don't want a nasty credit rating for another 6 years!
Any advice? What are they able to do next? Are they allowed to call my employer or to seize a paycheck, or are they going to, at worse, just keep calling home?
Any help would be appreciated.
PMCI contacted me with a letter yesterday about a really old debt. I don't want to acknowledge the debt because it is about to go off my credit report next year. I don't want to reset the last activity date and have to wait another six years. I actually don't have a problem paying, but I don't want a nasty credit rating for another 6 years!
Any advice? What are they able to do next? Are they allowed to call my employer or to seize a paycheck, or are they going to, at worse, just keep calling home?
Any help would be appreciated.
Time Out
Posts: 415 
Videos: 3
Videos: 3
November 21st, 2007, 01:19 AM
They'll try a lot of things to intimidate and harass you. Just don't let them. Do not acknowledge the debt. Keep a log of their calls. Save the letters that they send you. And the moment they file a claim against you, file a counterclaim. If you're dealing with the same people that I'm dealing with, they won't even have the balls to show up in court.
In most cases, they haven't a hope in hell of winning in court. Usually they buy the debt after it has been inactive for so long that they won't be able to get a judgement anyway. So they really don't want to take you to court.
And definitely don't listen to tinydancer. A more appropriate name for tinydancer would be bigloser. The reason is self-evident.
In my particular case, Portfolio Management isn't going to get one red cent out of me. Even if they win at trial, I'm going to appeal the decision all the way to the Supreme Court if I have to. I'm not going to play ball with these bastards. And if I get my way, they're going to walk out of that trial owing me money.
Quoting Sosa
They can't do anything but harass you until they get a judgement against you. If you don't want them calling you, tell them to stop. They have to stop calling you if you ask them to. Just tell them that you will have no further communication with them except through a court of law.
PMCI contacted me with a letter yesterday about a really old debt. I don't want to acknowledge the debt because it is about to go off my credit report next year. I don't want to reset the last activity date and have to wait another six years. I actually don't have a problem paying, but I don't want a nasty credit rating for another 6 years!
Any advice? What are they able to do next? Are they allowed to call my employer or to seize a paycheck, or are they going to, at worse, just keep calling home?
Any help would be appreciated.
Any advice? What are they able to do next? Are they allowed to call my employer or to seize a paycheck, or are they going to, at worse, just keep calling home?
Any help would be appreciated.
They'll try a lot of things to intimidate and harass you. Just don't let them. Do not acknowledge the debt. Keep a log of their calls. Save the letters that they send you. And the moment they file a claim against you, file a counterclaim. If you're dealing with the same people that I'm dealing with, they won't even have the balls to show up in court.
In most cases, they haven't a hope in hell of winning in court. Usually they buy the debt after it has been inactive for so long that they won't be able to get a judgement anyway. So they really don't want to take you to court.
And definitely don't listen to tinydancer. A more appropriate name for tinydancer would be bigloser. The reason is self-evident.
In my particular case, Portfolio Management isn't going to get one red cent out of me. Even if they win at trial, I'm going to appeal the decision all the way to the Supreme Court if I have to. I'm not going to play ball with these bastards. And if I get my way, they're going to walk out of that trial owing me money.
Newbie
Posts: 1
November 21st, 2007, 05:09 PM
My wife and I only found this website while trying to find the corporate office of Portfolio as a rep called, told me I had an outstanding amount with TD Canada trust, I knew nothing of it, and they threatened that they would only provide backup upon my filling an affidavit claiming it was not mine, then if they have the proof they would charge me for false info,
As I advised their rep, if the bill is mine I will pay it, but I am not aware of it, please provide me something in black and white.
They had been calling, I should say their computer, which sounded like a computer telemarketer, our son kept hanging up on it.
So over a week later, still no letter from them, but another vicious phone call, the most vile conversation I have ever been subject to,
Hence our reason to for websearch, and ending here.
Last night we emailed all their reps listed at the top, carbon copying the following Ontario Ombudsman Office, Ted McKeeking , Ontario Minister over credit bureaus,
today received and email advising that requested back up will be provided, if they can find such, also that no additional calls will occur unless requested by ourselves,
all this over what they say is a 200.00 past bill, now with 250.00 of interest over 9-10 years
and to think a week ago, I was almost thinking it may be simpler to pay the money as i have no record of what it is and did not want to commit fraud if for some reason it turns out it is mine as i had an account years, when I moved away from there, there was a little less then $5.00 in it and would have cost me much more to get there to remove balance, I sent them a letter to close account. but as I said that was i think almoost 10 years ago
when you email these people carbon copy everyone you can think of as far as government agencies, it wakes Portfollio people up
My wife and I only found this website while trying to find the corporate office of Portfolio as a rep called, told me I had an outstanding amount with TD Canada trust, I knew nothing of it, and they threatened that they would only provide backup upon my filling an affidavit claiming it was not mine, then if they have the proof they would charge me for false info,
As I advised their rep, if the bill is mine I will pay it, but I am not aware of it, please provide me something in black and white.
They had been calling, I should say their computer, which sounded like a computer telemarketer, our son kept hanging up on it.
So over a week later, still no letter from them, but another vicious phone call, the most vile conversation I have ever been subject to,
Hence our reason to for websearch, and ending here.
Last night we emailed all their reps listed at the top, carbon copying the following Ontario Ombudsman Office, Ted McKeeking , Ontario Minister over credit bureaus,
today received and email advising that requested back up will be provided, if they can find such, also that no additional calls will occur unless requested by ourselves,
all this over what they say is a 200.00 past bill, now with 250.00 of interest over 9-10 years
and to think a week ago, I was almost thinking it may be simpler to pay the money as i have no record of what it is and did not want to commit fraud if for some reason it turns out it is mine as i had an account years, when I moved away from there, there was a little less then $5.00 in it and would have cost me much more to get there to remove balance, I sent them a letter to close account. but as I said that was i think almoost 10 years ago
when you email these people carbon copy everyone you can think of as far as government agencies, it wakes Portfollio people up
Bright Spark
Posts: 476
Location: Zurich
Location: Zurich
November 24th, 2007, 08:01 AM
Got a letter from PMC dated Nov. 12.
Said I owed $7,447.90 on account to National Bank.
I've never dealt with National Bank in my life, not a loan, card or account of any kind.
In 2002 a collection agency collected an account that I'd already paid, collected it from my aged mother without my knowledge. She was embarrassed and would not pursue the matter.
But PMC is probably only incompetent, and from the tale on this thread, employs scum and/or sickos.
I find it hard to believe that a Canadian company would engage in this kind of activity. I know that no Canadian bank would sell debt to a disreputable collection agency for any price. So then, perhaps rogue employees working under inadequate supervision may have figured out how to put money in their own pockets.
These companys merit watching. If one of them gets onto your grandmother for money, it's time to call the police whether you owe them or not.
Got a letter from PMC dated Nov. 12.
Said I owed $7,447.90 on account to National Bank.
I've never dealt with National Bank in my life, not a loan, card or account of any kind.
In 2002 a collection agency collected an account that I'd already paid, collected it from my aged mother without my knowledge. She was embarrassed and would not pursue the matter.
But PMC is probably only incompetent, and from the tale on this thread, employs scum and/or sickos.
I find it hard to believe that a Canadian company would engage in this kind of activity. I know that no Canadian bank would sell debt to a disreputable collection agency for any price. So then, perhaps rogue employees working under inadequate supervision may have figured out how to put money in their own pockets.
These companys merit watching. If one of them gets onto your grandmother for money, it's time to call the police whether you owe them or not.
Time Out
Posts: 415
Videos: 3
Videos: 3
November 24th, 2007, 10:20 AM
I have a collection agency that is suing me. Stupid people. Let me share a few details without getting too carried away.
I had a debt way back when that I was unable to fully pay off. My credit history prior to that was extremely good. All payments made on time, everytime. In most cases, I never made minimum payments.
Anyway, I became unemployed and the collection agencies commenced harassing me. I politely informed them that I was unemployed and had no income from which I could offer payment. You know what they say when they hear that! They proceed to ask you if "you can borrow the money" to pay them off. This usually comes sometime after they inform you that you'll never be able to get credit again... from anyone.
Anyway, obviously I'm not going to attempt to borrow money from someone else to pay them off. I mean, how would I pay off the people that I borrowed the money from to pay the original debt? It just doesn't make sense. Why go through all of the hassle just to end up in the exact same situation?
Regardless, I'm rambling here. Long story short, I owed money. They harassed me. I told them that I had no money to send them. They continued to harass me. They sent me all kinds of stupid letters. The stupidest one was the one where they stated that they had "confirmed" my employment. I don't know what kind of voodoo whichhunt magic these agencies perform, but to confirm the employment of an unemployed man is quite a trick.
Anyway, moving along, I sent them what little money I had and accompanied it with a stupid letter of my own. That apparently pissed them off and they decided that they were going to teach me a lesson.
I'm not going to say more, because they're suing me. I'm suing them. And it should be, shall we say, very interesting. Hopefully they'll have the balls to show up in court in person, instead of that lame telephone appearance nonsense that they're so partial to. I want to see the expression on their face when they get chopped down to size.
I have a collection agency that is suing me. Stupid people. Let me share a few details without getting too carried away.
I had a debt way back when that I was unable to fully pay off. My credit history prior to that was extremely good. All payments made on time, everytime. In most cases, I never made minimum payments.
Anyway, I became unemployed and the collection agencies commenced harassing me. I politely informed them that I was unemployed and had no income from which I could offer payment. You know what they say when they hear that! They proceed to ask you if "you can borrow the money" to pay them off. This usually comes sometime after they inform you that you'll never be able to get credit again... from anyone.
Anyway, obviously I'm not going to attempt to borrow money from someone else to pay them off. I mean, how would I pay off the people that I borrowed the money from to pay the original debt? It just doesn't make sense. Why go through all of the hassle just to end up in the exact same situation?
Regardless, I'm rambling here. Long story short, I owed money. They harassed me. I told them that I had no money to send them. They continued to harass me. They sent me all kinds of stupid letters. The stupidest one was the one where they stated that they had "confirmed" my employment. I don't know what kind of voodoo whichhunt magic these agencies perform, but to confirm the employment of an unemployed man is quite a trick.
Anyway, moving along, I sent them what little money I had and accompanied it with a stupid letter of my own. That apparently pissed them off and they decided that they were going to teach me a lesson.
I'm not going to say more, because they're suing me. I'm suing them. And it should be, shall we say, very interesting. Hopefully they'll have the balls to show up in court in person, instead of that lame telephone appearance nonsense that they're so partial to. I want to see the expression on their face when they get chopped down to size.
Newbie
Posts: 7
November 28th, 2007, 12:07 AM
Quoting jimshort19
Although PMG are based in Canada they are owned by Aktiv Kapital.They are based in Oslo Norway and have been in the distressed debt buying business for years.They just keep expanding to new countries to do their same crap and keep making more money. Maybe someday a provincial or federal govt will get some balls and change laws so that these scum can't use their tricks and lies to harass people. I guess i should say i am sorry to scum because calling PMG scum is really insulting to scum.
Got a letter from PMC dated Nov. 12.
Said I owed $7,447.90 on account to National Bank.
I've never dealt with National Bank in my life, not a loan, card or account of any kind.
In 2002 a collection agency collected an account that I'd already paid, collected it from my aged mother without my knowledge. She was embarrassed and would not pursue the matter.
But PMC is probably only incompetent, and from the tale on this thread, employs scum and/or sickos.
I find it hard to believe that a Canadian company would engage in this kind of activity. I know that no Canadian bank would sell debt to a disreputable collection agency for any price. So then, perhaps rogue employees working under inadequate supervision may have figured out how to put money in their own pockets.
These companys merit watching. If one of them gets onto your grandmother for money, it's time to call the police whether you owe them or not.
Said I owed $7,447.90 on account to National Bank.
I've never dealt with National Bank in my life, not a loan, card or account of any kind.
In 2002 a collection agency collected an account that I'd already paid, collected it from my aged mother without my knowledge. She was embarrassed and would not pursue the matter.
But PMC is probably only incompetent, and from the tale on this thread, employs scum and/or sickos.
I find it hard to believe that a Canadian company would engage in this kind of activity. I know that no Canadian bank would sell debt to a disreputable collection agency for any price. So then, perhaps rogue employees working under inadequate supervision may have figured out how to put money in their own pockets.
These companys merit watching. If one of them gets onto your grandmother for money, it's time to call the police whether you owe them or not.
Newbie
Posts: 1
December 4th, 2007, 10:28 PM
I owe Portfolio almost $5,000 because of a MasterCard that my ex ran up and refused to pay after I broke up with him. Unfortunately because I was (stupidly) the primary card holder, there is no way around this. I am pretty bitter because I didn't spend a dime of this money, but no one cares or has a problem ruining MY credit because of this. MY QUESTION: it has been approximately 3.5 years since anything was actually paid on this card, however I have been making minimal payments to Portfolio for about 1 year. Does this preclude me from just waiting out the 7 years and having this removed from my credit report? If anyone knows, I would really appreciate a response!
I owe Portfolio almost $5,000 because of a MasterCard that my ex ran up and refused to pay after I broke up with him. Unfortunately because I was (stupidly) the primary card holder, there is no way around this. I am pretty bitter because I didn't spend a dime of this money, but no one cares or has a problem ruining MY credit because of this. MY QUESTION: it has been approximately 3.5 years since anything was actually paid on this card, however I have been making minimal payments to Portfolio for about 1 year. Does this preclude me from just waiting out the 7 years and having this removed from my credit report? If anyone knows, I would really appreciate a response!
Newbie
Posts: 7
December 5th, 2007, 02:51 AM
By giving portfolio payments for the last year you have acknowledged the debt and the last date you made a payment would be tha last activity on the account.The SOL would start from that date. If you could prove your ex ran up the card you could sue for the amount and if you won you could pay off the amount.(just an option)
By giving portfolio payments for the last year you have acknowledged the debt and the last date you made a payment would be tha last activity on the account.The SOL would start from that date. If you could prove your ex ran up the card you could sue for the amount and if you won you could pay off the amount.(just an option)
