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02-16-2009, 01:47 PM

WOW.. Its amazing how much this company gets away with..

I was just served a summons by Asset and they are suing me for an OLD CC account. But what they did is took the chargeoff balance from CitiBank and then got the amount of interest that was INCLUDED in that chargeoff amount and are suing for it separately!.. (I know this sounds confusing.. but I will break it down with some random #'s)

Say Chargeoff Amt was $5,000.
They are saying that purchased Interest is $3,000.
So TOTAL AMT DUE IS $8,000. (when is reality that $3,000 is already INCLUDED in the $5,000 chargeoff Amount!)

Thus trying to DOUBLE their "collectible interest"

Iam countersuing for sure, but we are still in litigation, so we will see how it goes. Not to mention I never got a dunning letter, and they served a wrong address (a rental property I own), even though on THEIR own paperwork they have my correct address. Not to mention several other FDCPA violations, including having their attorney send me a letter saying if I didn't agree to a Default Judgment in the amt of $10,000 then they would NEVER let me make payments on this debt .. they would garnish/sell my stuff!(Even though they are only suing me for ~$6,500!!!!!! Ridiculous

03-02-2009, 11:18 AM

Asset Acceptance called ny childrens school claiming they were doing employment verification on me. They were looking for a cell phone number. When I called to see what they wanted the service rep hung up on me twice and then told me to have my lawyer call them back. She would not give me any information as to what they were trying to collect.

03-11-2009, 10:33 AM

They have been harrasing me for years now. This is on a very old debt that goes way back to 1990. I live in CA and I believe that there is a time limit. They even slam dunk us in CA, saying that none of us pay our bills.

04-21-2009, 12:21 PM

I received a summons today from my local court from Asset Acceptance LLC in Warren, MI. I live in NYS. The summons does not require me to appear personally but to "answer" to the two causes of action. The credit card debt includes interest. and it is a valid debt. However, I have been out of work since 9/05 and began receiving disability in 2/06. The date of the debt on the summons is 12/31/06; probably when this debt went into default with Chase Bank. The summons is dated 3/30/09. My local city court date stamped their receipt of it 4/7/09 at 10 AM. The summons was served to me in person (it's a xeroxed copy) today, 4/21/09. You advice as to my next move? Thank you!