How does debt collection work?

About debt

How does debt collection work?

An overview of the debt collection process in general and at PRA, LLC.

“How do debt collectors work?”

In general, a debt collector is a person or a company that regularly collects debts that are owed and past-due. A debt collector can include a company that buys past-due accounts from creditors or other entities after those accounts are charged-off. In the process of collecting on the debt, a debt collector will generally attempt to contact the person who owes the debt to resolve the unpaid account. If you’ve been contacted by us, it’s because your original creditor sold us your account and we now own your debt.

We offer convenient online tools where you can create a repayment plan that fits within your budget. If you have an account with us, please contact us so that we can work together.

“How does the PRA, LLC debt collection process work?”

how debt collection process works

The debt collection process can be confusing, but we are committed to working collaboratively with you to resolve your debt. Our goal is to treat you with the respect, dignity, and transparency you deserve.

To learn more about how our process works and our commitments to you, please see:

“How can I work with a debt collector like PRA, LLC?”

Contact us so that we can work together - either by phone or through our convenient online tools. We know debt happens, but so can recovery. If you have an account with us, we are committed to helping you create a flexible payment plan within your budget so that you can resolve your debt and get back on the road to financial health.

You’ll have access to a website with various tools and options so you can quickly and easily manage your payments, putting you in control.

This content is for informational purposes only and should not be considered legal or financial advice. There may be other resources that also serve your needs and if you have questions about personal finances, please consult a financial advisor.

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