Lead Assigning Editor | Personal finance, credit scoring, debt and money management. It's 2016 and there still doing this. 2023 SELECT | All rights reserved. Unless you made payments within the last 5 years, no suit can be brought lawfully, and the collector is violating the Fair Debt Collection Practices Act by making the threat. Explain to the creditor why you cant make full payment. Credit Target. Here are six telltale signs that you're dealing with a credit collection services scam: 1. Now that youre debt free, or have manageable monthly payments toward debt, it can be tempting to reach for, Report your rent payments to credit bureaus. Individuals with extremely low credit scores can benefit greatly from reporting positive rental payment history to credit bureaus. They addressed me by my maiden name which I havent been since 2012. The greater the debt and the longer its been in collections the. Tried to explain that this was not my account. I never heard of them! Providian was supposed to be sold to WaMu which is now Chase. The lady was so threatening, I am afraid. This is important, because debt collectors often try to collect on debts even when they do not have a legal right to do so, such as when the statute of limitations has expired. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) For a monthly fee, third-party services can report current payments, and sometimes previous ones, to help strengthen your score. This page was generated at 05:43 AM. I live in a bulding & too leave it at the front door is just plain stupid. Author: California. Explain to the creditor why you cant make full payment. The greater the debt and the longer its been in collections the more likely the creditor is to accept a settlement. There is an introductory balance transfer fee of 3% or $5, whichever is greater for transfers completed within the first 4 months of account opening. Hopefully something can be done, this is absolutely ridiculous. To get your free credit report authorized by law, go to AnnualCreditReport.com or call (877) 322-8228. She earned a bachelors degree in journalism and mass communications from the University of Iowa. I am far from unreasonable, and I pay what I owe, if I owe. How the debt collector will report the debt to credit bureaus. Stop and take a deep breath . Select spoke withShelly-Ann Eweka (CFP, ChFC), a wealth management director at TIAA, who shares everything you need to know about debt collections. No materials from this website may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way. I asked her for her name and she hung up on us. In any case, the scammer will use all sorts of techniques to get you to pay intimidation, lies, harassment, etc. Worse, you can also lose the ability to dispute that you owe the debt. I have been doing research on this bill and it was sold to Great Seneca which along with Providian is defunct. That would include such things as payday loans, high-rate credit cards, rent-to-own contracts or extended car loans. Our lawyers and others will respond within 24 hrs! I am not going to send mone to someone i do not even know. Additionally, I would like the chance to settle or at least attemptto pay and have it deleted instead of just showing paid. Comb through your finances to see how much you can afford to pay each week or month, whether it's $20 or $100. They have wiped me out! So they mailed me a letter asking me to make payment arrangements . 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. The CFPB recommends creating a realistic repayment proposal that is based on how much you can afford in payments each month, after accounting for bills, other debt payments and emergency costs. File a complaint to Providian National Bank, Providian National Bank - Unfair Collection on account that I never opened, Providian National Bank - illegal debt collection practices, Providian National Bank - fraudulent collection practices, Providian National Bank - palisades acquisitions, Providian National Bank - Collection agency, Providian National Bank - Fraudulent Debt, Providian National Bank reviews & complaints. The bottom feeders are out and looking for anything they can get their hands. . When evaluating offers, please review the financial institutions Terms and Conditions. Many want to immediately pick up the phone and call the creditor to explain the debt, but she says this isnt in their best interest. The sent to address I have not lived for over 12 years. Tell them you've been targeted by fake debt collectors. Some collectors refuse to work with the latter, but are obligated to work with an attorney. We'd love to hear from you, please enter your comments. Anyone whos what I can do to get them off me? This mini-guide will go over the following: Debt collection is the process of unpaid debts getting assigned to a collections agency. Your lender or insurer may use a different FICO Score than the versions you receive from myFICO, or another type of credit score altogether. If you are dealing with Providian or one of its other companies, under a different name, be sure you have paid them off, and be certain that they do not cheat you. Real debt collectors will accept normal, trackable payments (e.g., check, traditional credit card, etc.). How the debt collector will report the debt to credit bureaus. I have no contacted a lawyer to find out what's going on and what legal recourse I have. I am not giving them my bank info or anything else. Its expected to pass by the end of the year, so consumers should pay attention to the final changes. I have never heard from this bank nor do I know who they are. Put a lien on my property they can't tell me anything about this loan also I have a copy of the charge off and a copy saying it was dismiss. That bank no longer exists, anybody that calls you or tries to serve you any papers, you have to fight back. First, make sure this fits your financial situation. Information provided on Forbes Advisor is for educational purposes only. Be aware that they are counting on all of us to be scared of our credit rating being ruined by NOT paying for services NOT rendered! I'm pissed of because times are hard, and this is coming to light in the worst time of my life. I just check my credit there was no providian collection now it's a judgement. Another letter I received from a different collection agency working for them demanded I open a credit card account with them and the balance would immediately show on that credit card and I could make monthly payments to them at an interest rate of 29.99% interest unitl it was paid off and they they would extend me a 'revolving' line of credit. About the author: Sean Pyles is the executive producer and host of NerdWallet's Smart Money podcast. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. . All of my credit card debits were paid in full back in [protected]..I was fed up with the high interest rates, late fees (when you are not late) and charges that I never made and disputed..only to be charged finance charges and late fees for the ones that were in dispute. Providian Financial Corporation was one of the leading credit card issuers in the United States when it was sold to Washington Mutual for approximately US$ 6.5 billion in October 2005. The FDCPA gives consumers rights and protections when it comes to how an agency can conduct debt collection. Settle the debt for less than you owe. If they call again tell them to send you a letter of the details regarding that debt if they say anything in the realm of pay us now over the phone it's a scam. (800) 445-6500: Order New Checks. I, personally, choose to "clear" my debt by paying debt owed, not by wrangling about FCRA and FDCPA avoidance of non-payment implicatons. Don't miss:Here's the 'most basic rule of thumb' when it comes to paying off your debt, according to an expert. They sued me andwent to court in 04 andI did nothing about it (dumb youth). I thought I was part of the lawsuit against Providian which is why they went into bankruptcy and were bought out for giving"subprime " rates. They transferred me to credit card services to look up any old Providian accounts I might have had=none. What am I prepared to discuss on the phone?. It was for Providian credit card, out of business now, has been turned - Answered by a verified Consumer Protection Lawyer . At the time it was sold, the Providian Bank had more than 10 million card holders. the creditor is to accept a settlement. Search for the company name on the internet, review their website, call their number, etc. They say I owe 3000.00 and I never had a providian card . Finallt i spoke to someone who told me the debt was from 2000 and they would kindly settle for $2500 and i flipped out because this wasnt my debt! Now your phone rings multiple times a day from numbers you dont recognize. Customer Reviews are not used in the calculation of BBB Rating. That means that at the end of seven years, no matter how many times the debt was resold and re-reported, its likely the debt will be deleted from a credit report. + Leaflet | OpenStreetMap contributors | Open In Google Maps This will surely increase the credibility of your complaint. To start digging out of debt that's already in collections, "get some help quickly," says Eweka. wouldn't give us any info, and wouldn't listen . I have no memory of ever receveing this card nor do I remember applying for it. If you want to settle for 50% of what you owe, for example, try starting at 30%. This will surely increase the credibility of your complaint. This option can help you pay off the debt in a manageable way. Ask them to place a fraud alert on your credit report. Before you make a payment on a debt, first determine whether the debt is past the. Submit a complaint and get your issue resolved. BBB Business Profiles generally cover a three-year reporting period. The collection agency would give me no information other than the name of the company they were working for. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Remember, we welcome your calls and emails at any time, including in the evening and on weekends. They addressed me by my maiden . I am also simultaneously filing complaints with all of the following entities: OCC - Comptroller of the Currency, Administrator of National Banks. Editorial Note: We earn a commission from partner links on Forbes Advisor. Don't lose the ability to defend your case properly! We believe that a truly successful business puts customers first. I sent them a reply requesting disclosure of this debt well over 6 months ago! The problem isfiguring out who to pay or finding someone to reach a settlement with to pay it off. The opinions you read here come from our editorial team. I can't find out how to contact these folks to see what this is about. not that I need itthe debt is NOT mine, Forxxx did not respond to my request of disclosure, this was not on my credit report (checked past 10 yrs. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. In the early 2000s I had no credit cards, I wasnt working and taking care of my sick grandmother. I had purchased the illness protection insurance through Providian. So if this bank does not exist who is the money going to? If they cause my mother any more stress lord have mercy! Today i receive a phone from Resource Recovery trying to collect on a Providian National Bank. Helps credit card holders safeguard their ability to make payments. After returning to work on Monday and obtaining more information, he discovered it was from a Providian Credit Card he supposedly opened in ****. You won't go to jail for your debt, so if the collector says that you will, they're lying. The collector cannot. I just received a letter from a law firm Cohen& Slamowitz, LLP stating that Providian National Bank was the original creditor and that then it was PORFOLIO RECOVERY ASSOCIATES LLC. Keep in mind that not all debt collectors and creditors provide information to the credit reporting companies. Then contact the debt collector by phone or mail to propose the plan. If you miss a payment, the debt collector may abandon the agreement and try to sue you for payment, which can lead to wage garnishment. Pay all of your bills on time. Performance information may have changed since the time of publication. Is that legal?? What is up with this bank? I do not have knowledge of this account. Too bad when a consumer knows their rights under the law, & isn't afraid to stand up for themselves! Providian was sold in 2005 and later sold again to Chase. He is based in Ocean Shores, Washington. Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long but that doesn't mean it goes away. I've requested my records and they won't give them to me, which is illegal. Sean Pyles leads podcasting at NerdWallet as the producer and host of NerdWallet's "Smart Money" podcast. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. There are no debts/collections showing on his credit reports and the news from HR was the first time we've heard of this. I recieved a $6000 bill from convergent/asset recovery trying to get money for providian. If the debt is close to the end of the limitations, the collector might be more willing to negotiate with you. When evaluating offers, please review the financial institutions Terms and Conditions. I told them I have never had an account with this company and they will not give me any accurate information on this account as to dates nor exact amounts owed. Next, your creditor passes it to a third-party agency that's separate from your card issuer, but contracted through them. Login . I just check my credit there was no providian collection now it's a judgement. Ignoring a lawsuit over a delinquent debt puts your wages, bank account or property. Providian called me, offered the settlement, to which I agreed, sent them the money they required to fulfill the settlement at that time, & that was that- done, over. This is false accusations, code violations and harassment. When you look up a debtor on the internetand the first five or so sites have rip-off in the address, I felt like I should ask questions before being duped. I am just beside myself with the crap crawls out from underneath a rock. One million served! Previously, she spent 18 years at The Oregonian in Portland in roles including copy desk chief and team leader for design and editing. Now, Chase is reporting the same account. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. will be forwarded to the company advertising on the DebtCC. I am actually going through this right now. But then life got in the way you had unexpected travel costs or you had to replace your AC unit and you put all of that on your credit card bill, too. . Pre-qualified offers are not binding. I have now received three phone calls since 01/06/2023. 2. IF you want it to not hurt you anymore, my suggestion would be if you owe, pay it. You are past-due, or delinquent, on your bills and your card issuer's collections representative calls you to pay your overdue balance. No Annual Fee. Over 80,000 legal issues have been answered so also consider using the search function. Due to a recent promotion, I should now be referred to as. I just received a collection from Portfolio Recovery Associates, LLC. Are you sure you want to rest your choices? Ive called several different numbers for providian and no one seems to know what Im talking about. So, some debt collectors are real, and they're acting on behalf of the company to whom you owe money. The complaint has been investigated and resolved to the customers satisfaction. What recourse were you able to take? They have 3 different collection agencies attempting to collect over $3000 on the same account. If you receive "verification of debt" or "copy of judgment" go to Our mission . Debt collection calls are the cause of more complaints to the Federal Trade Commission than any other industry. Even if you pay it, it will stay on showing paid but it will still be there. #1 Providian bank credit card 09-16-2015, 12:37 PM Today I got a call that I owed $2000.00 from providian credit card. Meaning of providian. wel we just got one of these people calling an old address . According to Debt.org, there are three phases to debt collection: Six months is the general guideline, but according to Eweka there is "no set rule" on how many times you'll get a phone call or letter before your debt is turned over to an agency. Imagine you got sick a few months ago, and put your medical bills on a credit card. Now, how can three companies try to collect the same time barred debt? Both of these banks were sued by many people for deceptive banking practices. They want $1900.00 from me and filing fees. Select independently determines what we cover and recommend. The STANDS4 Network. Can anyone out there help us? when we moved to Kentucky his mother was living with us they tryed to collect from us told them that she was in a old folks home gave then the address and phone number and have not heard from them in several years its not ours they said he was on the card to and asked them to send us the form where it had his name on it but never got it so they are crap out of luck. Try a balance transfer card to get out of debt. The more we know about current scams, the more likely it is we'll be able to identify or prevent similar scams in the future. Something went wrong. Creating a payment plan lets you set a payment schedule and amount that works for your budget. Instead of immediately calling to try and resolve the issue, she recommends consumers take a moment to evaluate the situation and the path of resolution they want to go on. My husband stressed over this all weekend not knowing what was going on or what to expect. I received nothing in the mail or otherwise stating that this would happen. We know where you f*****g live!' Cheryl lindsey. Even if I did, staute of limitations passed over 15 years ago. It also can lead to the debt being marked paid in full on. I was a little relieved when I came on here and seen I was not the only one going through this. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. They said they had left it at the front door. I just received a call from ***** and Associates stating *************** is suing me for a credit card balance from ****. my funds "A collection agency is a company that is hired by lenders, creditors, medical providers and federal and local governments to get you to pay or make arrangements to pay what you owe them," Eweka tells Select. With the counselor's help, call the collections agency and arrange a payment plan so the delinquent marks roll off your credit report as quickly as possible. And, LVNV is reporting a hugely wrong balance on this old account(if they are even reporting my actual account..they won't validate). If you come into money through a tax refund or inheritance, or if you just hustle to earn the money, paying off the debt in full with a single payment can quickly resolve your debt collection woes. I've been featured as a personal finance expert in outlets like CNBC, Yahoo! To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. This is a reality for millions of Americans. This is threatening our livelihood and my husband's health and reputation. Re: HELP! Note that complaint text that is displayed might not represent all complaints filed with BBB. It will likely report it as partial payment rather than paid in full, but make sure you know before you agree. His writing has appeared in The New York Times, USA Today and elsewhere. Providian was headquartered in San Francisco, California, and had more than 10 million card holders at the time of its sale. Texas consumers have reported many tactics used by debt collection scammers. The greater the debt and the longer its been in collections the more likely the creditor is to accept a settlement. Negotiating a settlement takes persuasion and caution. Scammers survive by getting people to pay fake debts before they have a chance to realize they're being scammed. They also claimed to have been sending me letters which I have never received. Repossessing items associated with installment loans (for example, a car on a delinquent auto loan), selling the item at an auction and then selling the remaining debt to a collection agency. Hi. If u have any suggestions. Share your photos and videos with others to prove the truth of your words. I Just received a summons from Schreiber and Cohen LLC Trying to garnish my wages for a credit card I never had nor used. Plus, the Statute of Limitations has passed. This is a total waste of my time and resources and if I prevail I will counter sue them as per the FTC. Show Less. A partial payment on your credit report will crimp your credit score, but it's better than an unpaid debt. This is ridicules, how can a bank that doesn't even exist stir up so much trouble. The thought of seeing how much of a hit the debacle is taking on your score makes your stomach turn. First of all, the law prohibits debt collectors from lying, threatening you with things they can't do or posing as government officials. I had no clue why. At this point, your creditor is cutting its losses and is no longer involved. "Remember that the amount of debt forgiven may be taxablewhen you file your tax return," advises Eweka. I am going to get a lawyer and sue the ### out of these ###ing crooked ### and get as much national attention as possible to bring them to their ###ing knees. There may also be other ways to defend against a debt collector seeking to collect an alleged Providian debt. Share your photos and videos with others to prove the truth of your words.
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