Looks like Portfolio has a new number. They are attempting to collect debts that have passed the Statue of Limitations. The SOT on my account expired eight years ago. Do not make a promise to pay or God forbid any payment...no matter how small. It will erase the SOT. They cannot sue you, garnish your wages or take any legal action against you. Here are the 7 numbers I have for portfolio. (Whats really cool is my new phone lets me tag these numbers and they go directly to voicemail, without ringing....I never know that they call until I see missed calls.)
They are bottom feeders that buy OLD debts, most often paid off or written off by the original lenders. They make thier money off of people not knowing the law because 99.99% of the time the debt is past its staute of limitations.
Make sure you check what those limits are as they vary state by state. Also note, if you pay them even a penny, that statute of limitation is null and void and the debt becomes good again!! hence DO NOT PAY THEM ONE RED CENT!!!
I've been receiving calls a couple times a month from two numbers that come up for Portfolio. They are telling me it's from a Capital One Credit card, I have never had a card from them and they were supposed to send me paperwork to complete declaring it fraud however I never received paperwork. When I checked my credit score/history, nothing from Capital One OR Portfolio Recovery shows up on it. I just ignore the calls.
I have also received numerous phone calls from another debt collection agency. I have never had
an outstanding debt in my life.I finally answered the phone and asked whom they were calling.
It turns out that they were looking for another person so they had the wrong number. The fact is that
phone numbers are reciruclated so the agency may not even be looking for you. Anyhow as a
result the previous agency stopped calling me. Now I am getting calls from Portfolio Recovery.
It may be worth your while to answer the phone. Don't identify yourself but ask the caller to identify
the person they are calling.