18006548818 (2024)

FAQs

Who is calling me from 800-654-8818? ›

We're Portfolio Recovery Associates, LLC and we're changing the way debt collection works. If you have been contacted by us it's because your original creditor sold us your account, and we now own your debt.

Yes, Portfolio Recovery Associates is a legitimate company. Portfolio Recovery Associates is a debt buyer that engages in the business of buying charged-off and defaulted consumer debts from creditors.

Why Does Capital Accounts Keep Calling Me? Capital Accounts continues to call and attempt to collect a debt. The best thing you can do is ignore their calls and speak with a company that can help you get it removed.

It is not uncommon today for people to be pursued by debt collectors for money they don't owe. This occurs for several reasons: the original creditor may have made an accounting error, you may be a victim of identity theft, or the creditor may have found the wrong person with a similar name.

Number doesn't match the caller ID name (e.g., says a big company but has a local number) Claims to be from a government agency like the IRS or FBI (they won't call you out of the blue) Caller ID shows "Scam Likely" or "Spam Risk" (your carrier has flagged it as potential spam)

Capital Recovery Systems is not fake or a scam. They are a legitimate business, however, their persistent calls might feel overwhelming.

Unfortunately, if you ignore the lawsuit, you can get a default judgment against you even if you have viable defenses against the case. Portfolio Recovery Associates would be legally entitled to collect the total amount of debt from you, including interest and late penalties.

Ignoring or avoiding the debt collector may cause the debt collector to use other methods to try to collect the debt, including a lawsuit against you. If you are unable to come to an agreement with a debt collector, you may want to contact an attorney who can provide you with legal advice about your situation.

You Must Always Respond When You Receive Court Papers

Regardless of whether you believe the debt is yours, companies like Portfolio Recovery Associates are using the legal process to get a default judgment against you. If you ignore court papers, PRA will obtain a valid default judgment that it can begin to enforce.

Why Is Portfolio Recovery Calling Me? If Portfolio Recovery Associates (PRA) is calling you, it's likely because they believe you owe a debt that they now own.

Is Capital Accounts a real company? ›

Capital Accounts, LLC is a legitimate debt collection agency based in Franklin, Tennessee.

If you've failed to make arrangements with Capital One to pay off your debt, they could pursue a lawsuit against you. If the case goes to court, a judge might award Capital One a default judgment against you.

Use this 11-word phrase to stop debt collectors: “Please cease and desist all calls and contact with me immediately.” You can use this phrase over the phone, in an email or letter, or both.

Payment May Not Update Your Credit Report. Even after paying a collection account, the collector might not properly update your credit report. The unpaid status could incorrectly remain, damaging your score indefinitely. This happens more often than you'd think.

You never want to give the debt collector personal information about your finances and assets, such as your Social Security number, your bank account number unless making a payment, your income, or the value of your assets.

Why is Spring Oaks Capital Calling Me? Spring Oaks Capital is likely calling you because they have acquired a debt that they believe you owe. This means they either purchased the debt from an original creditor (like a credit card company or a bank) or they've been tasked with collecting on the debt.

Yes, RMS Collections is a debt collection agency. They buy debt from a number of different creditors that no longer wish to attempt to collect the amount themselves (also known as a "charge-off"). RMS Collections may attempt to reach out via mail or phone calls (demanding payment).

Apps like Truecaller or Hiya provide caller ID services and spam detection, helping you identify unknown numbers instantly.