Internet's first get-out-of-debt community - 199,000 members

#17 12-06-2008, 08:05 PM

we use auto dialers, not to cell phones though, we cannot block our numbr, it shows as AACC with the phone number. as for the phone rep that couldnt handle being a collection rep, asset dont break anymore laws then the next collection company, everyone feels a collection company is breaking the law by calling or asking them to do what the promised to do, which is pay back a loan or line of credit they took out.
Dont wory about Asset for every one person that sues the company we garn wages or sue about 10 people! face facts we are buying more and more accounts everyday because people dont have money to pay back there accounts and with that comes more revenue for our company!
Trust me when u want to get a home loan or want to get a large line of credit you will call, and we will take good care of ya. most people only go on what they hear rather then what they see, I myself would work for a company unless they were completely legit.....we couldnt be on the NASDAQ, if we were such a law breaking company, our stock holders wouldnt have it. once again try to make pay arrangements with another company on a settlement, they will laugh u off they phone, but with asset we can give a discount and break it into payments, because we dont collect for others we collect for ourselves!

#18 12-06-2008, 08:30 PM

Asset is a company that refuses to follow federal law. I have been waiting 3 years for the documents that your staff attorney said were available and going to be sent.
The only thing they sent were in house generated documents that are worthless. Also they say they are collecting for MBNA.

#19 12-08-2008, 08:00 AM

I have asset on my credit. I called them and asked them what it was and they told me they sold it to another company. I still have no explination as to what it is for. She also told me that I would have to prove the debt is not a good debt. I ask how I was supposed to do that when she will not tell me what it is for and she said to contact the people they sold it to. Well those people do not have it on my credit file asset does. Can anyone tell me what I need to do. I have sent certified letters with no response.
Thanks in advance
Melinda

#20 12-11-2008, 10:34 AM

I'm confused. I have a law office trying to collect this debt from 1993. All I know is that the creditor is asset. I don't know how to find out what is was for. The paper I just got from the law office has my maiden name and my recently ex-husbands name. If someone could tell me how to look up my account, that would be great. Thank you

#21 12-23-2008, 08:09 AM

My 26 yr old daughter has been getting calls ( my home #) for a woman who apparently lives in Pa. not NY who is in her id 50's and has one letter different in the last name. sHE has been called at her job too. They apparently crossed checked info and her job number was on a car lease credit check, she is not in arrears on a thiong and checks her credit report twice a year due to this. She has perfect credit and has told these people over and over she is not this woman that htere info is mixed up. They tell her we will red flag this but they havent stopped yet, and the calls come from all over. We get a call from Arizona automated that hangs up on me whenever they call. I actually looked the womans name up and found her in Pa. and she like I said is 30 yrs older and apparently moves often. Asset Acceptance may consider itself a financial company but they need to get there facts straight and stop harassing people. They are not right all the time, if someone owes a debt fine they need to deal with that. But if you are not even the person in question! My daughter feels like I have to prove they are harassing me and give them personal info to boot. This is ridciculous already, it to the point we she now gets credit card offers for this womans name in the mail.

#22 12-23-2008, 08:09 AM

My 26 yr old daughter has been getting calls ( my home #) for a woman who apparently lives in Pa. not NY who is in her id 50's and has one letter different in the last name. sHE has been called at her job too. They apparently crossed checked info and her job number was on a car lease credit check, she is not in arrears on a thiong and checks her credit report twice a year due to this. She has perfect credit and has told these people over and over she is not this woman that htere info is mixed up. They tell her we will red flag this but they havent stopped yet, and the calls come from all over. We get a call from Arizona automated that hangs up on me whenever they call. I actually looked the womans name up and found her in Pa. and she like I said is 30 yrs older and apparently moves often. Asset Acceptance may consider itself a financial company but they need to get there facts straight and stop harassing people. They are not right all the time, if someone owes a debt fine they need to deal with that. But if you are not even the person in question! My daughter feels like I have to prove they are harassing me and give them personal info to boot. This is ridciculous already, it to the point we she now gets credit card offers for this womans name in the mail.

#23 12-23-2008, 02:57 PM

How can you collect on a debt if its been passed around so many times that you cant even tell me who the original creditor is? You are asking me to pay on a debt that is over 8 years old and when I ask who you are collecting for you tell me to go through my files and look. Dont you have to show me something that states how you came up with what I owe and who it was for?

#24 12-23-2008, 03:48 PM

Hey curious, most likely if the debt is over 8 years old, it is timebarred. That means they can't sue you and you don't have to pay. If they do sue you, you can have the case thrown out in 2 seconds and then turn around and sue them for $1,000

#25 12-24-2008, 07:23 AM

Phone Number Report: 866 801 0004 This number call 3 to 4 times aday, everyday. From 7:00 am To 9:30 pm cst Asking for someone that does not and has never lived here. The number according to the net belongs to Allied Interstate/ Allied Collection Agency. I'm on the Do Not Call list, but that don't help. And I do not owe anyone any money and have never defaulted on a loan.

#26 12-24-2008, 11:27 AM

When I entered into an agreement with Asset in Aug of 04, I had finally gotten my SSI settlement which I had been waiting 3+ yrs for. I immediately contacted all of my creditors and got my debts paid.

But Asset was the only company that gave me a hard time. First they had to have a down payment of $250 in order to accept my monthly payments of $25.00. And I was promised that there would be no more interest the bill was somewhere between $3,000 and $4,000 depending on what date you spoke with them.

After cleaning up my credit and constantly checking my credit report I noticed they were reporting inacurate amounts, and that I wasn't paying anything on the account. I would file a dispute and Asset would say nope the totals right.

I called Asset and was told that this is policy in case you stop paying they can then add up the interest the account has accrued and go after you that way.

But I thought it was funny that in December 2004 they sent me a letter telling me I owed $4899.19. And thanked me for paying on time every month I had at that point paid them $750.

I never got another letter from them except the monthly reminder that they were going to send in my e check payment on the 6th of the month.

After 4+ yrs I was curious as to how they had applied my payments so I asked last month for a full accounting of all payments made to them since I have paid from 3 different bank accounts and don't have access to the ones that are closed.

My agent refused saying he doesn't have to give me that in writing he quickly told me what I had paid would not repeat it then informs me that I really owe them over $6,000.

And started talking really fast and loud and (was rude as well) about how its to my advantage to keep paying them or else.

I revoked permission to access my checking account when they refused to give me the accounting they still took the money out of my checking acct. I filed a dispute with the bank and called Asset to tell them they stole my money. I got a refund after waiting 2 weeks.

Then got a letter dated December 18,2008 telling me I missed a payment and please send it to me (the agent) to avoid revocation of our payment agreement. And now my acct balance it $6,248.56.

The interest that was suppose to stop didn't they lied and they hold that over your head whenever you call to complain about something.

I called and I left a message thanking him for finally giving me a letter with a balance so I now have proof of their illegal debt collection practices.

It is against the law to give false information to the credit reporting agencies and since they said I wasn't paying on the account and that the account balance was correct they lied twice everytime I filed a dispute.

So by law the debt is no longer owed, I checked online for debt collection practices and they mention the FTC which I did file a complaint with them against Asset. So that's why I thanked the idiot for sending me the last letter to put with my complaint with the FTC that should put a nail in their coffins.

And for the woman who says she works for Asset she is mis-stating some important facts, they bought the account from the previous creditor for pennies on the dollar because the original creditor deemed it uncollectable. And everytime the acct is sold its sold for less money. I wonder how much they paid for my acct I bet it was less than what they have received from me.

These are called scavenger accts. Look it up online you will get alot of interesting info. Any debt collectors who violate the FTC rules get fined, too bad they can't make them refund money they got from us by lying and cheating the system.

#27 12-30-2008, 07:43 PM

This company found out I am in the process of buying a house and they are now collecting an acct that is over 17yrs old. For how long does an unpaid debt stay in my credit history?

#28 12-30-2008, 11:52 PM

Genesis, what state are you in? Each state has a different SOL, but I can assure you that the SOL has run its course. Send them a DV letter, all collection activity must cease until the provide you with proper validation.

NASCAR_Devil · #29 12-31-2008, 04:36 AM

A derogatory account can stay on your credit reports for up to 7 years + 180 days form the date of first default. You are definately beyond reporting period and SOL. I would send Asset a FOAD letter. Do not pay them as they have no legal everage to sue or report.

#30 01-06-2009, 07:26 AM

Sent a letter to me about a bill over 19 years old in Texas. Guy on the phone was a total jerk. I have no Idea where it originated, and they danced around from one creditor to another. If they knew Texas law, and I guess they don't, they can't garnish anything. Scam!

jessnanette · #31 01-11-2009, 09:01 PM

I got sued for a home phone i supposedly had in michigan and i lived in new mexico at the time. I asked them to prove it and i didnt hear from them for 4 years then all of a sudden i got a letter in the mail that i had to pay them.

#32 01-13-2009, 01:19 PM

Everyone file a complaint with the Attorney Generals office. They will investigate all wrong doing and have them fined and maybe have them remove from your credit report. Do this asap. I think they are in Michigan, but file a complaint with the attorny generals office of the state they are in