Debt Ownership Proof Required

Summary

You can request that Portfolio Recovery provide a bill of sale or assignment to prove they own your debt. This should show the amount of debt sold, that your account is part of the debt sold, and that Portfolio Recovery purchased it. Even if youve made payments, you still have the right to request proof of debt ownership. A purchase agreement is different from a credit card statement or a snippet of the assignment of debt. Always consult with a local attorney for advice specific to your case.

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Im am being sued by portfolio recovery in mi, i have made weekly payments for a number of years, i went to the motion for summary judgment yesterday, portfolio didn't have the right balance, so they extended it, can i ask that they need to provide a purchase ag
Yes, you can request that Portfolio Recovery provide a "bill of sale" or "assignment" to prove they own your debt. This should show:
- The amount of debt sold.
- Your account is part of the debt sold.
- Portfolio Recovery purchased it.
Keep in mind, laws vary, so consult a local attorney.
Even if i have paid on this.
Yes, even if you've made payments, you still have the right to request proof of debt ownership. Always remember to keep your own records of payments made. Legal assistance may be beneficial in your situation.
Is the purchase agreement different then them sending a copy of the credit card statement and just a snippet of the assignment of debt
Yes, a purchase agreement is different. It's a contract showing that Portfolio Recovery bought the debt. A credit card statement or snippet of the assignment of debt may not prove they're the legal owner. Always consult with a local attorney for accuracy.
Ok thanks
You're welcome, ****. If you have any other legal questions or need further clarification, feel free to ask. Remember, it's important to consult with a local attorney for advice specific to your case. Good luck!