We are being sued by Asset Acceptance for a debt we have over paid!

Just to share my experience - I was THAT close to settling a debt with them. The person with whom I spoke was VERY nice and had agreed to list "paid in full" on my credit report and then have it removed entirely within 3 months. These are both actions that is completely within their power to do. http://www.creditinfocenter.com/debt/settle_debts.shtml

I was careful to stipulate that I needed their agreement in writing. She listed everything we agreed to EXCEPT the "paid in full" and the credit report removal. I called her back to inform her of her mistake and then she shyly asked me to hold. My experience has brought me from rueing this situation to relishing it -- the infamous without-warning transfer to her manager.

"What's the problem Mr. ****?" Uh, well the date is wrong and our agreement isn't on here. "We can't put paid in full unless you pay in full and we have no way of deleting this debt from the credit report." Little did he know that only a year before I had 1) settled a debt for less that what I owed, 2) got it listed as "paid in full" IMMEDIATELY, and 3) within 10 DAYS the debt collection company removed said debt from my credit report. I learned this from the above referenced web site. When I called him on it, he angrily changed the word "can't" to "won't". He laughed and said he wasn't going to play around with the language and started yelling, "you owe ____! Are you going to pay it or are you not? It's that simple." He also didn't know that I myself am a bar exam away from becoming a practicing attorney. I gladly laughed and repeatedly called him on his lie by turning it on him: "just tell me that you won't list it as paid in full: a simple yes or no. I know you are taping this so just tell me yes or no." Now he wouldn't even say no - instead he kept threatening to hang up, kept saying "we don't do anything with the credit report" [he changed it from "can't" to "won't" and then to "don't"], and kept asking me if I was going to pay. To which I jovially repeated the question, "yes or no? just tell me 'no' and we're done. Will you list paid in full on my credit report?" He refused to simply say "no" and instead hung up.

Hope I didn't bore you. Just wanted to share. In the end I am quite glad I had the knowledge of what they can and can't do because I would have given them money for nothing. Ironically (you'll love this), they tried to call me that evening but they wouldn't leave a message. The offer "expired" that very day, but they sent me a brand new offer for the same amount the next week. And my debt drops off in a few months. They could have had SOME money; now they get NO moolah!

One last thing. I'm no expert. I am a debter with bad credit -- foolish mistakes made when I was a freshman and sophomore in college. There are plenty of experts here at this site from what I can tell. Listen to them; check out the site above; educate yourself and don't crap in your pants like I used to when they would threaten me with legal action. And to the collectors who keep saying, "why don't you pay your debts?" I would LOVE to and I will when the credit companies find it to be worth it to work with their debtors rather than tack on interest after interest after interest.

I would like to get with other victims of Asset Acceptance Asset and sue them!

Here is my story: it is 2010 and Asset Acceptance LLC has just stolen $5000 from my bank account. They claim it is from an old $900. visa from 1995. They severed someone with my last name in an other state. That person discarded the summons and Asset Acceptance automatically got a default judgment against me. They then used a Domestic Interstate Transference to transfer the judgment to the state of my residence and take the money plus 15years worth of interest from my account. They are cowards and crooks and they purposely sneak cases through courts without giving you the chance to fight it. Asset Acceptance knows that the only way to win is by default. You often need a lawyer to fight them which is so costly that most people just "give in to them".

I have learned that they constantly troll these blogs because they DO NOT want us to know about each other and they especially do not want us talking to one another. If you see any comments that support their tactics I can guarantee you it is just one of there "employee scumbag plants"

Organizing together is the key (just "Google" their name and you can see that they MUST be stopped)

I have no legal expertise I am just a another victim who is determined to stop them...I have created an email address just for this fight so feel free to write me at standup2scum@aol.com

Victims and Lawyers interested in representing a Class Action case against Asset Acceptance are always welcome to email me.
Sincerely Victim X.

ASSet acceptance is a horrible company. They are trying to collect a debt from me that doesn't exist. I have documentation from the original creditor that states the account was NEVER in default and was completely paid. Go figure...such a 'fin. company' I feel sorry for someone who enjoys working for criminals like AACC

they cant collect just tell them u do not want this number called or mail sent to the adress
and if they dont tell them u will sue them they will stop i knw i use to work there

These so called debt collectors buy old, outdated accounts for pennies on the dollar. If you pay them $10, they've made a 200% profit. The tactics are very illegal. If you just do a little research you can get them to stop harassing you. Your original creditor has written this debt off and has absolutely nothing to do with it anymore. If you pay this company, they will get all of the money; the original creditor will get nothing. Most of these debts are so old that they can't produce any legitimate documentation. So this is my suggestion to all, TAKE THEM ON. You will beat them 99% of the time, because they have no valid proof. And to you retarded, elementary leveled educated collector get a job that means something. Them paying you $15 dollars an hour is no prize!

I also have been having problems with Asset. They keep trying to collect for a credit card i have paid off and even sent the thing back to the cc company. They have also tried to collect from an old phone bill that was put in my name by "friends" of mine who somehow got my ss number. I told them I never had a phone in my name except with ATT and they told me to file a police report for identity theft, I got told by police that i need to have the original bill or a copy of original in order to file report. Assett refuses to send that copy I need, but they faxed me a copy that was 1/5 of the paper and could not be read at all. I called them back, they said they would mail a copy, never got it. They called my mom's phone, she told them to stop calling, they just keep calling. She got 25 calls in one day, several of them at 11 PM. I have told them to quit calling my mom, she has med problems and doesn't need them harrassing her at 6 am or 11 pm, they told me they can call at any time of the day and I can't do anything about it and neither can my mom. Now I know that is a load of crap and told them if they do not leave my mom alone, I will sue them for harrassment.They said since they are trying to collect a debt, I can't sue them for calling. Well after reading all this I am following some of you guys' advice and shooting off a Cease and Desist letter as well as one to prove the debt. Thank you all so much for your sound advice

How long should it take to get a settlement reported. I did settle with asset at the end of april, and was told ill get a letter within 21 days . Here it is July and i have yet to get anything. I have called and talked to Asset on several occasions and they tell me that they have put another request in to send out a letter and report it paid to the credit agency. Have I been scammed ? what can I do. I know the debt was mine. not in SOL. they offered me a good deal and i took it. kind of feeling like i made a mistake.
Any advice ?

They'll probably tell you to pay more now. Did you get the settlement amount in writing? Probably shouldn't have settled with them in the first place; it's likely you didn't even have to pay it if it was past your state's Statute of Limitations.

That's got to be way past the Statue of limitations. Send a certified ceast and desist letter and record all phone calls and harassment after that.

Collection agencies, and the agents themselves are the scum of the earth. They use threatening tactics to get costumers to pay even though they couldn't make the original payment for the delinquent account due to financial restraints in the first place (go figure). These people have nothing higher than a high school degree, and strive to make other peoples lives as miserable as possible. They have no education and can't interact face to face with anyone. In my opinion Credit Collection Agencies should be banned in the United States. In reality the original owners of the account's see pennies of what was owed.

Collector, Asset Acceptance charges interest on debts that have already been written off and have not been collecting interest for years. This is ILLEGAL! Federal law only allows interest to be charged on a debt when it has been agreed to in writing. The majority of creditor contracts do not have any provisions for third party collectors to charge interest, and the collectors do not get the "debtor" to sign an agreement allowing them to charge interest. You expalain that one!

Okay I owe about 7k. I have no idea if this is accurate. How much will it take to settle the debt...I really can't afford more than $1500

good god you're pathetic. do you not have anything better to do with your time? the answer is no. all you do is look down your nose at people and judge. well coming from you it doesn't mean a whole lot. maybe if you had some kind of life.

I was thinking the same damn thing! No wonder he's a collector...his hold on the English language is more than lacking!

Fuck YOU, you smugass bloodsucker!!! Continue calling and I'll own your ass!

Accept Acceptance is probably the biggest scam network for debt in the country.