To get your free credit report authorized by law, go to AnnualCreditReport.com or call (877) 322-8228. You can do this yourself, even though many. On "Smart Money," Sean talks with Nerds across the NerdWallet Content team to answer listeners' personal finance questions. They are not scam artists, they just do not play nice when it comes to collecting money. What recourse were you able to take? Comb through your finances to see how much you can afford to pay each week or month, whether it's $20 or $100. will try to get you to pay them for this service. If your debt has not gone to collections yet, one option to help you save tons on interest and pay it off more quickly is to use a balance transfer credit cardthat offers 0% interestfor a certain length of time (anywhere from six to 21 months). If a judgement was entered and sherman is good at getting judgements, then it is going to stay on your report for 10 years from the date of judgement. First off, I found it weird cause it is addressed by my nickname & not my full name like all my other bills have. : If you owe money, the lender will sometimes hire a debt collection agency to try and get you to pay. It will fall off in 7 more months and then it cannot hurt him. . After you receive the collection letter, send the collection letter back to Providian with a letter requesting a "verification of debt" or "copy of judgment". This is the only bill that is holding me up from financial freedom. After that, your fee will be 5% of each transfer (minimum $5). How Debt Collection Scams Work. A Member . The scariest part is this person had all my personal information but was using my maiden name which I haven't used in over 20 years. FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. I also filed a complaint with the ************************* as they are threatening to *** me in court for debt that is not mine. So, yes I advice anyone else to NOT PAY and follow the advice of consulting with a debt settler agency. They were then rude to my mom saying, "look, if you want to dispute this, let me give you the number". How to Deal With Debt Collectors in 3 Steps, 5 Ways the Fair Debt Collection Practices Act Protects You. And, LVNV is reporting a hugely wrong balance on this old account(if they are even reporting my actual account..they won't validate). I recieved a $6000 bill from convergent/asset recovery trying to get money for providian. highland height Ohio. I have no credit cards and never had any from Providian. It's 2016 and there still doing this. When a collections representative from your credit card issuer calls you, it's usually because you haven't made at least the minimum payment for at least 30 days. Perhaps I should start sending out invoices for the time it takes me to deal these types of issues, my time is valuable as well.. I have a few things on my side: Statute of limitations (NYS 6yrs.) Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. I receive a notice from a collection agency that I owe Providian National bank $2222.11. what is going on need help please. Pre-qualified offers are not binding. I do not owe anything. My credit report is clean. in money or lost opportunity or carries too much risk. I have received nothing concerning this situation. We've never taken out this credit card nor do we know who this is. His writing has appeared in The New York Times, USA Today and elsewhere. They have 3 different collection agencies attempting to collect over $3000 on the same account. If you are concerned that Sherman will screw you over (or even if you are not), I would highly recommend the following: 1. The collection agency would give me no information other than the name of the company they were working for. 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. Same here after 11 years. *** never had an account with them havent had a credit card with ********** all of this and they proceeded to ask me if I was willing to do their settlements to which I said no this is not my account Im not paying for anything and he said OK within 3 to 5 days you will be receiving paperwork that will have a court date issued on it for you to appear and state your claim never had a card with this company will not be paying will be fighting this, even if I have to hire an attorney. 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. I donot even know who Providian National Bank is. Understand your rights Keep in mind that debt falls under a statute of limitations in each state. Be-careful you loos your money . Negotiating a settlement for a single payment of less than you originally owed can make the debt easier to pay off. Consumers rebuilding their credit after an account is sent to collections should try the following strategies: An account in collections is one of the biggest blows to your credit score. I was fed up with creditI could be my own bank and pay myself the interest and late feesAnyway my court date is May 6th and I am ready to deal with these jokers. Ive called several different numbers for providian and no one seems to know what Im talking about. We earn a commission from affiliate partners on many offers and links. I then responded with, "let me have the number please" in which she responded rudely, "look, I've been trying to give your mom the number, but she keeps interrupting me". This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Hi everybody, I think that Providian Collection Agency is pulling a scam, do not pay them. The U.S. It's very simple: Someone contacts you often by phone, but also by text message, fax, mail or email and claims that you owe a debt. My job has a strict policy about garnishments including termination. I understand from research that it was sold a couple times, I believe first to Washington Mutual, Now to Chase. So if this bank does not exist who is the money going to? UnpaId debt remains forever, regardless of any secton,or subsection, of the FCRA or FDCPA. How the debt collector will report the debt to credit bureaus. They say I owe them $32, 726. And before you enroll in any type of financial assistance, considerwhat's best for your situation. IF you want it to not hurt you anymore, my suggestion would be if you owe, pay it. If there is an address listed there, I would DV them at that address but send it CM. Please try again later. Before Sean lead podcasting at NerdWallet, he covered topics related to consumer debt. The original creditor may. 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. About the author: Sean Pyles is the executive producer and host of NerdWallet's Smart Money podcast. 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. #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. If you want to settle for 50% of what you owe, for example, try starting at 30%. Keep this proof in case the payment isnt recorded correctly or the debt somehow gets resold to another collector. That bank no longer exists, anybody that calls you or tries to serve you any papers, you have to fight back. It can take up to seven years for your past-due history to disappear completely off your report, but as you work toward settling outstanding debts your score will consistently increase with time. Worse, you can also lose the ability to dispute that you owe the debt. They are sending someone to serve me with papers to appear in court. 2023 SELECT | All rights reserved. All financial products, shopping products and services are presented without warranty. They addressed me by my maiden name which I havent been since 2012. I received a call from ************** saying I owe money to Providian National Bank. All rights reserved. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. Here is a list of our partners. ForXXX & GarXXX NEVER replied or sent me any disclosure so I could at least provide back up of payment if I ever dealt with Providianwhich it does not seem familiar to me..and I am being harassed for a debt I did not owe and further more was never on my credit report. I never heard of them! Yet "consumers with legal representation in a debt claim are more likely to win their case outright or reach a mutually agreed settlement with the plaintiff," cites Pew's report. A partial payment on your credit report will crimp your credit score, but it's better than an unpaid debt. When I'm not writing articles, I author the Forbes Advisor Weekly Newsletter. However, you have no obligation to use their services. After evaluating the debt and coming up with a plan, its time to contact the collections agency. I've been featured as a personal finance expert in outlets like CNBC, Yahoo! Try a balance transfer card to get out of debt. I Just received a summons from Schreiber and Cohen LLC Trying to garnish my wages for a credit card I never had nor used. It's very simple: Someone contacts you often by phone, but also by text message, fax, mail or email and claims that you owe a debt. They also claimed to have been sending me letters which I have never received. Its expected to pass by the end of the year, so consumers should pay attention to the final changes. If a debt in collections goes away from your credit report in seven years, does this mean you shouldnt repay it? I have read over several other complaints online and even read of a lawsuit that was settled back in **** alleging consumer fraud and deception. And although laws vary state by state, collections agencies are generally not allowed to use unfair practices like adding fees and interest on top of what you owe (since they're already making a profit from it), nor can they threaten to take your property through illegal means. Business & Economics23 In October, the acquisition of Providian Financial credit card company for $6.1 driven by our long track . Negotiating a settlement for a single payment of less than you originally owed can make the debt easier to pay off. but every single month my bill shows 18.99%. The court clerk will then attempt to reach the judgment creditor and, if their efforts fail, the money reverts to the state presumably to help widows, infants and orphans. If you receive "verification of debt" or "copy of judgment" go to this shows you just how much companies don't care about the american pple HELLO PROVIDIAN WHO EVER YOU ARE WE ARE IN A RESESSION DUH CAN YOU HEAR ME? Dont lose the ability to defend your case properly! In April I have 4 negative accounts coming off so will see how much that changes the score as well. If your debt has not gone to collections yet, one option to help you save tons on interest and pay it off more quickly is to use a balance transfer . How can I find out who Providian National Bank is. And be on the lookout for the signs of a debt collection scam. Well guide you through the process. Read more:These newlyweds paid off $21,000 in credit card debt by following their own ruleshere's exactly how they did it. I am not giving them my bank info or anything else. What does providian mean? Unfair Collection on account that I never opened. Do you honestly think we can't get you? Paying off a debt in collections can get debt collectors off your back and put you on the path to restoring your credit and reclaiming your finances. Any suggestions? However, a new report from Pew Charitable Trustfound that increasingly, collections companies are taking debt settlements to civil court. Be sure to tell your creditor about any financial hardships you're experiencing, such as a recent layoff, furlough or reduction in working hours. These agencies then take responsibility for collecting the debt on behalf of the original company; or, sometimes, the agency buys the debt and then collects it on behalf of itself. You are past-due, or delinquent, on your bills and your card issuer's collections representative calls you to pay your overdue balance. good god our country is doomed. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The new balance most likely reflects the interest which is common. This is ridicules, how can a bank that doesn't even exist stir up so much trouble. See details. Anyone whos what I can do to get them off me? Typically, collections remain on a credit report for up to seven years. In many cases you can pay the court clerk and they will record asatisfaction of judgment. What is up with this bank? If you opt to negotiate the debt, Tayne doesnt recommend giving an amount of how much youre willing to pay off. The thought of seeing how much of a hit the debacle is taking on your score makes your stomach turn. Your financial situation is unique and the products and services we review may not be right for your circumstances. I have gotten my credit clear of everything except one old credit card collection. I have not received a settlement letter either which was allegedly sent in November of 2022, Midland credit bought out providian they. Supposeonly owing over $11000 they will settle for $2000. This information may be different than what you see when you visit a financial institution, service provider or specific products site. I'm a senior consumer finance reporter for Forbes Advisor. The complaint has been investigated and resolved to the customers satisfaction. I am far from unreasonable, and I pay what I owe, if I owe. The card was open Dec.4th 2000-closed Sept. The amount of time that passes before the debt is released to collections depends on the type of loan. If you are unsure of whether the statute of limitations has passed, the CFPB recommends contacting an attorney in your state. They sued me andwent to court in 04 andI did nothing about it (dumb youth). thanks again. Submitted: 12 years ago. They are available onAnnualCreditReport.comthrough April 2021. Note: When you get your credit report, review it carefully for false, outdated, or inaccurate entries. I have a master's degree in international communication studies and I'm currently based in Paris, France. It will likely report it as partial payment rather than paid in full, but make sure you know before you agree. WHy can these guys get away with this. Now, Chase is reporting the same account. If you have been sued on an allegedProvidian credit card debt anywhere in Central Florida, please call us right away for a free consultation about preserving your rights and a free evaluation of your case. If the collection agency agrees, it should send you a document outlining the deal. If it's not, you have three main options to pay off a debt in collections: This option can help you pay off the debt in a manageable way. You can reach us on our office telephone (386-444-3032),by fax (888-990-1460)or by clicking here to send us an email message. This is a reality for millions of Americans. Email me if u know . After about six months (depending on the lender), they will give up. Read more about Select on, Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score Lower, Personal Loans for 670 Credit Score or Lower, National Foundation for Credit Counseling, One of the best travel credit cards has a new 80,000-point bonus offer. Realizing you have debt in collections can be scary. BBB Business Profiles are subject to change at any time. It's your word against theirs. Sean Pyles is the executive producer and host of NerdWallet's Smart Money podcast. At some point, usually after 120 to 180 days of nonpayment, the creditor such as a credit card company, bank or medical provider gives up on trying to collect. I have no credit cards and never had any from Providian. I remember providian card open in my name with a credit line of $300.00 used once and was paid.what should I do? Vane. You can say something like, Is there an option to settle this debt? For more than 15 years we have helped nearly 50000 customers resolve their issues and will never stop striving to ensure further improvements on our platform for a better communication between companies and customers. How To Find The Cheapest Travel Insurance, according to new data released by the Consumer Financial Protection Bureau. However, this does not influence our evaluations. No matter which route you take, make sure you get the agreement between you and the debt collector in writing to ensure both parties stick to the plan. Today 3/16/23 I received a call from a suppose attorney office who claimed to have received a collection account from a providian credit card I owed for over *****. They want me to settle and I don't have money to pay and I have never had an account with this bank. 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. Who would get the money. My husband stressed over this all weekend not knowing what was going on or what to expect. Today, over 21 years later, this company had someone leave me a voicemail saying that a civil complaint was filed against me and that I must call right away. Further information is available in our FICO Data Privacy Policy. Contact the judgment creditor's attorney as listed in the court files; or. I told them I never heard of them. Jan. 17, 2002. Commissions do not affect our editors' opinions or evaluations. If you find yourself in this situation, know you can seek free legal advice and/or pro bono counsel by looking up nonprofit legal aid organizations in your state. 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. Sean Pyles leads podcasting at NerdWallet as the producer and host of NerdWallet's "Smart Money" podcast. Previously entered content was automatically saved. The Web's Largest Resource for Definitions & Translations. Before you pay any debt to any collector, confirm that the debt is real and valid. I spoke with a rude dude in a heated argument before getting the hang up with him forwarding a letter from Douglas And Associates being of Los Angeles CA.. 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! . My husband and I just got our account frozen by a lawyer stating we owe a debt of $6565 to PROVIDIAN NATIONAL BANK from 1999! I am also simultaneously filing complaints with all of the following entities: OCC - Comptroller of the Currency, Administrator of National Banks. Now, probably because they are going broke, they want the rest of the monies they agreed to difur 7 years ago. All he told me was I owed 5000.00 plus to Providian from 9 years ago that there was a judgement against me. However, real debt collectors still have to obey the law. To stop the contact, you would go through the same steps as if the debt was yours:Ask the collector to verify the debt, and then dispute it in writing. We believe everyone should be able to make financial decisions with confidence. FTC's website on credit. 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. 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. If u have any suggestions. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. They said they had left it at the front door. Learn more. P.S. They said that I opened up a cc April 2001 & that they have served me papers before - which they have not. Providian/WaMu is reporting an old SOL credit card on my credit reports. 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. It also can lead to the debt being marked paid in full on your credit reports, which can offset some of the damage done by delinquent debt. The collector cannot. The study shows that, from 1993 to 2013, the number of debt collection lawsuits steadily doubled from at least 1.7 million cases to 4 million cases nationwide. The bottom feeders are out and looking for anything they can get their hands. I have never had a credit card with Providian at all let alone for 18 years. We want our residents to feel at home and know they can count on us to answer questions and resolve issues promptly, honestly, and respectfully. ), I was never advised of this debt prior to summons & most important I DO NOT OWE! Now they have 3 different collection agencies attempting to collect over $3000 on the same account! You may be upset, but trying to get revenge will not work. Share your photos and videos with others to prove the truth of your words. 2019 Legislative Session Update for Victims and Service Providers, 2021 Legislative Session Open Government Update. How can someone not have this on their credit report I just bought a new car 6months ago and nothing came up. If a new collector purchases the debt, the company may report it as opened on the date it was bought from the previous collector. , which can offset some of the damage done by delinquent debt. Get a return receipt for the letter to record that the collector received the letter. I am just beside myself with the crap crawls out from underneath a rock. It was a credit card bill that I had with Providian Financial back in 03. But in case you are among the 1 in 3 Americans with delinquent debt, it's worth knowing how debt collection works, understanding your rights and how to get help when you need it. That is what they charge me; 18/99%. Make sure the terms of this agreement are correct before making a single payment. It's probably a scam, collection agencies usually send letters to your home to settle the debt before using other types of harassment. I personally wouldn't go out of my way to contact them unless you can get an address through the CRAs. More details on software and accessibility are available at WebAIM.org. Those lawsuits are not brought by Providian, which does not exist any longer; instead these credit card lawsuits are typically brought by debt collectors (for example, Arrow Financial) who have purchased the debt from Providian, or its successors: Washington Mutual (WaMu) Bank or J.P. Morgan Chase. This is over 22 years ago. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer. The greater the debt and the longer its been in collections the. The scammer might. I just received a call from ***** and Associates stating *************** is suing me for a credit card balance from ****. Travisbailey80@gmail.com. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. I, personally, choose to "clear" my debt by paying debt owed, not by wrangling about FCRA and FDCPA avoidance of non-payment implicatons. After returning to work on Monday and obtaining more information, he discovered it was from a Providian Credit Card he supposedly opened in ****. The proposal is described as an overhaul by industry experts with many different changes. The complaint has been investigated and resolved to the customers satisfaction. What am I prepared to discuss on the phone?. Individuals with extremely low credit scores can benefit greatly from reporting positive rental payment history to credit bureaus. But with effort and patience, a score will eventually recover. 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! This comment was posted by a verified customer. I called the law firm and asked them to pleas investigate this matter and get back to me. I looked up the bank and called the numbers and they were not work. Tell them you've been targeted by fake debt collectors. There is plenty of information on them as a rip-off artists on ripoff.comandsuch on the internet but no information on the actual company. It was one of the leading credit card issuers in the country until it was sold to Washington Mutual (Wamu) in October 2005 for a whopping $6.5 billion. My husband is an older gentleman with many health problems and this situation caused severe stress, anxiety, and even chest pains. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. And you have rights as a consumer. Account closed, zero balance due. Sometimes, debt gets shuffled from one collector to another. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. I called Chase since I have three accounts with them, but they have no clue as to where to go for advice/help. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) Postal Service charges $2.55 for a mail receipt and $1.25 for an email receipt. This will surely increase the credibility of your complaint. Our partners compensate us. More than one in four consumers (28%) have a third-party collections tradeline on their file, according to new data released by the Consumer Financial Protection Bureau.