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Bank Levy letter

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jennam1973

New member
Received a letter from Protfolio Affiliated Services,LLC/Trustee regarding a Bank levy. Creditor is Ez money Corp,Inc. Never heard of them. It was just a letter. Should I ignore it.
 


Taxing Matters

Overtaxed Member
Received a letter from Protfolio Affiliated Services,LLC/Trustee regarding a Bank levy. Creditor is Ez money Corp,Inc. Never heard of them. It was just a letter. Should I ignore it.

Did you owe that creditor money? What does the letter say — does it say that it has sent a levy to your bank? And in what state are you located?
 

quincy

Senior Member
Received a letter from Protfolio Affiliated Services,LLC/Trustee regarding a Bank levy. Creditor is Ez money Corp,Inc. Never heard of them. It was just a letter. Should I ignore it.
What does the letter say?

Here is information about EZ Money, a payday money lender, which was ordered by the Federal Consumer Financial Protection Bureau in 2015 to pay $10 million in damages over it’s illegal debt collection practices: https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-ezcorp-to-pay-10-million-for-illegal-debt-collection-tactics/

There is a debt collection agency called “Portfolio Recovery Associates” but I do not see a “Portfolio Affiliated Services.”

You can have what you received personally reviewed by an attorney in your area and I recommend you DO NOT respond to the letter without this review and DO NOT disclose to the sender of the letter any of your personal identifying information should they contact you by phone.
 
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FlyingRon

Senior Member
Portfolio Recovery Associates, LLC? Typical scum collections agency. Yes, it matters what the letter says. They aren't typically very selective when shotgunning out letters and phone calls. If you bear any resemblance to the debtor (similar name, same address, or whatever, they'll try to get you to pay).
 

quincy

Senior Member
Portfolio Recovery Associates is a real debt collection agency but jennam says the letter was from “Portfolio Affiliated Services,” which sounds to me like a similar name created solely to cause consumers confusion as to the origin of the letter.
 
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zddoodah

Active Member
Received a letter. . . . Should I ignore it.
Well...what does the letter say? Telling us that the letter is "regarding a Bank levy" doesn't really tell us much of anything. How about some background as to why this entity might be sending you a letter?
 

quincy

Senior Member
I think with ALL of the previous posters asking jennam the same “what does the letter say” question, jennam should get the idea that the answer to the question is something we would like to know. ;)
 

FlyingRon

Senior Member
Portfolio Recovery Associates is a real debt collection agency but jennam says the letter was from “Portfolio Affiliated Services,” which sounds to me like a similar name created solely to cause consumers confusion as to the origin of the letter.
Which is why (as Alex Trebek would say) I formed it as a question. In case he mangled the name. However even if they were called something different, most collection agencies are dolts (it always amazes me they recover anything) when it comes to hunting down deadbeats. Believe me, I've innocently been on the receiving end of these buttholes (for some guy named Christian something who I would find more about than I care to know but is entirely unrelated to me). The federal laws protect the deadbeat, not the innocent bystander to these abusive idiots.
 

quincy

Senior Member
Well ... the federal laws appear now to be protecting the predatory lenders and the questionable debt collection agencies.

The innocent consumers and the deadbeats are both now at their mercy. The Consumer Financial Protection Bureau essentially has been eviscerated.
 

quincy

Senior Member
The addresses are public information and easy enough to locate. If the debt is supposedly owed to EZ Money, it would be over a payday loan - but I don’t see that the debt collection agency trying to collect this debt (at least as named in the original post) exists anywhere.

There would be no bank levy if there has been no lawsuit and judgment. I imagine jennam would know if s/he has been sued - although the scummiest of the debt collection agencies count on debtors not showing up in court so they can get default judgments on what otherwise would be time-barred debts.
 

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