Portfolio Recovery Associates have been known as the people’s enemy. They have been in the market for decades. With lots of harassment issues, the company has been facing a problem dealing with debtors.
Debts have been the normal thing among people. Debt here, debt there, debt everywhere. What more can a person have than borrowing money from a relative, friend, or worst, lending agencies and banks.
In most cases, Portfolio Recovery Associates have been harassing credit cardholders. There are instances that credit cardholders can no longer pay for what they spent because their income cannot suffice their daily needs.
This is somehow an example of how these Portfolio Recovery Associates exist. They buy off the debt from the debt collectors at the lowest possible cost. With this, they will be the one to conduct surveys and somehow forces you to pay your debts, with the highest interest rate of course. Everything comes with a price. That is why their interest rate is way high than usual.
Is there harassment?
In one way or another, harassment can be classified in different terms. Normally, a person can say that he is harassed when he feels being threatened or violence somehow occurs. But with these Portfolio Recovery Associates, harassment has been made simple to them. They harass people by means of annoying them with various calls using different cell phone numbers.
Annoying calls can perhaps lead to anger and, worst, a change in the attitude of a person. This has been a problem being solved by millions of people. Portfolio Recovery Associates may be the most annoying people you know, but these people are just doing their jobs. Debt is still a business.
Harassment can either be in the form of annoying calls, threats, or even violence. A single approach from these Portfolio Recovery Associates can be misled if not explained well. How a person reacts to that approach varies on how it was delivered.
Some might be friendly and can smoothly go with it. Others can be harsh. But in any way, these approaches must be well managed and handled in order to avoid misunderstanding that can somehow lead to lawful actions.
A debt is something you need to pay. Therefore, one should be responsible for his action to avoid problems. In any situation, there is always an answer. For whatever answer you may opt to choose, you must bear in mind that everything happens for a reason.