How to Resolve Debt With PRA Group & Win Your Case

Receiving a debt collection notice from PRA Group can disrupt your peace of mind. Don’t ignore it. Throwing away collection letters won’t make your debt disappear. Ignoring debt collectors usually makes things worse, even if you dispute the debt.

You have better options. Reach out to Portfolio Recovery Associates to discuss resolution strategies. The company is known for working with consumers on reasonable repayment plans. They also engage in debt settlement negotiations.

Respond to Your PRA Group Lawsuit in 15 Minutes

PRA Group is suing you and your court deadline is approaching fast. Don't let them win a default judgment and garnish your wages. Respond with a proper Answer today.

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What is PRA Group?

PRA Group is a debt collection agency headquartered in Norfolk, Virginia. The company is a leading debt buyer that purchases nonperforming loans from creditors. These creditors include credit card companies, banks, and financial institutions.

PRA Group buys debts at discounted prices. They then attempt to collect the full amount from borrowers. Founded in 1996, PRA Group operates globally. The company has a presence in the United States, United Kingdom, and several European countries.

Below is the contact information for PRA Group:

Address: 150 Corporate Blvd., Norfolk, VA 23502
Phone number: 1-800-772-1413

PRA Group Owns Portfolio Recovery Associates

You might receive notices listing Portfolio Recovery Associates, LLC in the return address. PRA Group is the parent company of Portfolio Recovery Associates. Portfolio Recovery Associates handles the administrative work associated with debt collection.

The address for Portfolio Recovery Associates is 120 Corporate Blvd., Norfolk, VA 23502. You can reach Portfolio Recovery Associates at 1-800-772-1413, the same number as PRA Group.

Consumer Reviews of PRA Group

Are you considering contacting PRA Group to negotiate a settlement? You might wonder if other consumers have had success with negotiations. Multiple five-star reviews confirm productive settlement talks are possible with PRA Group representatives.

Here’s an example from consumer Shannon Mabrito:

“As weird as this might be to say, they’ve been the most wonderful collections agency to deal with. I have been paying on the account they collected since 2018, and was able to negotiate the amount down to an affordable amount for me to completely pay off today. I am well on my way to resolving all of my debt, and I am so pleased with all of their help. Their website was easy to navigate, and their live chat agents are so helpful! Though my experience with them was amazing, I am so glad to be done paying them off!”

Many reviews indicate that proactive communication with PRA Group is one of the best ways to resolve your debt collection matter.

The FDCPA Protects You From Unfair Debt Collection

The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers. The FDCPA outlines specific rules that all debt collectors must follow. Below is a list of FDCPA violations:

Harassment: Using threatening, abusive, or obscene language when communicating with you
False Representation: Misrepresenting the amount owed, the collector’s identity, or consequences of non-payment
Calling at Inconvenient Times: Contacting you before 8 a.m. or after 9 p.m. local time
Continuous Phone Calls: Making repeated calls to annoy, abuse, or harass you
Failure to Verify Debt: Ignoring your written request for debt verification
Public Disclosure: Discussing your debt with third parties without permission
Misrepresentation of Legal Action: Threatening legal action they don’t intend to take
Improper Communication: Communicating after receiving your written cease and desist request
False Credit Reporting: Reporting inaccurate information to credit bureaus
Unauthorized Fees: Adding unauthorized fees, interest, or charges to your original debt

If a debt collector violates the FDCPA, you have rights. Our partner Solo can help you stand up for your rights. You may be eligible for up to $1,000 per FDCPA violation.

Respond to a Collection Notice From PRA Group

If you receive a debt collection notice from PRA Group, keep accurate records. Pay attention to all communications.

Request that PRA Group validate the debt. Under the FDCPA, you have 30 days to dispute the debt’s validity. Send a debt validation letter within that timeframe. Upon receipt, PRA Group must cease all collection efforts until they validate your responsibility.

If PRA Group sends you validation information, they will reach out regarding repayment. However, you can send a written request to stop all contact. They can only contact you again if they intend to take legal action.

Respond to a PRA Group Lawsuit

Once PRA Group receives a cease contact request, they may escalate matters. They could file a debt collection lawsuit against you.

You’ll know PRA Group is suing you when you receive a court summons. Attached to your summons will be a copy of PRA Group’s complaint. The complaint will list your debt amount and other pertinent information.

Pay careful attention to the complaint. Look for errors you can use to defend yourself. Check for misspelled names, wrong account numbers, or incorrect amounts. You can highlight these issues in your response.

You need to prepare an Answer to PRA Group’s debt collection lawsuit. An Answer outlines your defense to the lawsuit. List any incorrect items in PRA Group’s complaint and any available defenses.

Our partner Solo can help you draft an Answer in minutes. Their debt Answer form guides you through the response process.

You probably don’t want to defend yourself in court unless you have a strong defense. Without an indisputable defense like identity theft, consider settling. A judgment allows PRA Group to garnish your wages or freeze your bank account.

You can repay or settle the debt before your court date. Repaying the debt wipes your slate clean and automatically cancels the lawsuit. You can also try settling the debt for a smaller amount if you lack cash to repay it.

Example: PRA Group is suing Tara for an old medical debt with a $1,000 balance. Tara responds to PRA Group’s complaint with an Answer, then attempts to settle. She offers PRA Group $600 in a debt settlement. PRA Group accepts the money and drops her case.

Settle Your Debt With PRA Group

Debt collection agencies often purchase debts at a fraction of their face value. Room for negotiation exists. Start by offering a lump-sum payment to Portfolio Recovery Associates that you can afford. Typically offer a percentage of the total debt amount. Be polite and transparent during negotiations.

If you reach a debt settlement agreement with PRA Group Inc., request a written settlement letter. The letter should detail the agreed-upon amount and terms. A settlement letter serves as proof and protects you from future disputes.

If a lump-sum payment isn’t feasible, inquire about a payment plan with PRA Group Inc. Offer a reasonable monthly payment amount aligned with your financial capabilities. Ensure you understand the terms. Confirm they will report your account as “settled” or “paid in full” upon completion.

Our partner Solo offers a tech-based approach to debt settlement. Their software helps you send and receive settlement offers until you reach an agreement. Once an agreement is reached, they help you manage settlement documentation and payment transfers. Your financial information stays private and secure.

Take Action to Resolve Your Debt With PRA Group

A debt lawsuit aims to win a judgment. PRA Group can use that judgment to garnish your wages or freeze your bank account. Don’t stand idly by. Take action to resolve your debt as soon as possible.

Request that PRA Group validate your debt when they first contact you. Respond to a PRA Group debt lawsuit with an Answer. Settle your debt before your court date.

Resolving your debt requires effort on your part. The effort is worth it. Resolution ends the stress and anxiety from persistent debt collection efforts. By negotiating a settlement or establishing a payment plan, you regain financial control.

Resolving your debt with PRA Group can help improve your credit score. A positive impact on your credit opens doors to better borrowing opportunities. You gain improved financial stability.

Frequently Asked Questions

What is PRA Group and why are they contacting me?

PRA Group is a debt collection agency that purchases nonperforming loans from creditors at discounted prices. They contact you to collect the full amount of debt they purchased from your original creditor, such as a credit card company or bank.

How do I validate my debt with PRA Group?

You have 30 days from receiving a collection notice to send a written debt validation letter to PRA Group. They must cease all collection efforts until they provide proof that you're responsible for the debt amount they claim you owe.

Can I settle my PRA Group debt for less than I owe?

Yes, you can typically settle with PRA Group for less than the full amount since they purchased your debt at a discount. Start with a lump-sum offer that you can afford, typically a percentage of the total debt. Get any settlement agreement in writing before making payment.

What happens if PRA Group sues me for debt?

If PRA Group sues you, you'll receive a court summons and complaint listing the debt amount. You must file an Answer responding to their lawsuit within the timeframe specified. Without a response, PRA Group can win a default judgment and garnish your wages or freeze your bank account.

How can I stop PRA Group from calling me?

You can send PRA Group a written cease and desist letter requesting they stop contacting you. Under the FDCPA, they can only contact you again to confirm they're ending collection efforts or to notify you of specific legal action they intend to take.

How to Resolve Debt With PRA Group, Inc.