Portfolio Recovery Associates Facts and Tips to Get Rid of Bad Credit
“Portfolio Recovery Associates, Facts and Tips to Get Rid of Bad Credit”
Portfolio Recovery Associates is located in Norfolk, VA. This company began its operations in 1996 and has expanded its horizons since then.
According to the company’s home site, it holds assets worth over 51.1 billion and has more than 2500 employees in various branch offices.
A closer look at the figures will clearly display that this company has jumped swiftly from 1.75 billion in assets to 51.1 billion in just a decade.
If you consider that this company’s assets are the purchased debts, you will realize how debt collection agencies like Portfolio Recovery Associates make such sweeping profits out of the debt collection business.
When the debt collection agency buys debts at dirt cheap prices, and then extracts huge amounts of money from the debtors by way of charges and unpaid debts, it translates into huge profit margins for them.
The rapid progress of Portfolio Recovery Associates is just an example of this.
Debtors should expect only unprofessional behavior from these debt collection agencies, because that is what previous experiences teach us. I doubt if even a single debtor on Planet Earth has got good or pleasant debt collection experiences to relate. That is how rampant the misbehavior of debt collection agencies is.
Many debtors may be under the false impression that they can be no longer traced because of a change in contact details and location. If you too have some unpaid debts and are reveling in this false happiness, then your bubble is about to burst soon. Debt collection agencies employ a special method for tracking down debtors, called as the skip tracing method,
This method ensures that you are hounded down, no matter how long it has been since you moved or changed your contact details.
The Lexington Law Firm Can Fix Your Credit Score by Challenging Your Credit Report items with you.