Notice on Pacer--Can anyone Explain--Chapter 13

[nanadonnaq]

There have been several postings on Pacer with this information:

"Notice of Transfer Assignment of Claim. Transfer Aggreement 3001 (e) 2 Transferer:
US Bank (Claim #1) to Portfolio Recovery Assoc. LLC. (Notice to Transforer/Transferee
of the filing of the Transfer to be mailed by BAC) Filed by Creditor PRA Receivables
Management LLC. (Portfolio Recovery Assoc, LLC) Entered 8/31/2011."

Is this just a transfer from the Bank who has our credit card to a Recovery Company
who now has the claim???

Thanks

[frogger]

Is this just a transfer from the Bank who has our credit card to a Recovery Company
who now has the claim???

Thanks

That pretty much sums it up. Don't worry about it, it's just dancing among the creditors. It does not affect you.

[forgotten]

Correct. The debt was either sold or assigned to Portfolio Recovery. No change to you, the trustee will just start sending payments to them instead of US Bank.

[nanadonnaq]

Thanks Frogger--That's what I thought!!!

[IamOld]

You gotta wonder (spouse is in 13) why these sleazy outfits buy this debt...PENNIES on the $$$...and yet we can't make them the same offer!

[AngelinaCat]

Yet those collection agencies try their damnedest to get us to pay THEM the full amount...