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

1. I am a MAM
2. It HAS finance options, and Asset helps a lot of people by offering options like paying monthly and discount options. Asset would not have that option to be able to do that if they were not a finance company.
3. I cannot speak for every collector there, but there are a few that do listen to what is going on in your life and genuinely care about tying to help consumers get their debt taken care of with asset.
4. Why so sour, did you owe a lot of money and refuse to pay and get sued? thats what you get for not taking the time to try and work out an option to help get yourself out of debt.

Where are you located at (state wise) and I will let you know if asset is licensed there. There are certain states where certain asset offices cannot collect, but there are also certain offices that do. there are only 5 states that have laws that state that any third party collections cannot call or send letters. and sol does not mean you don't owe the debt, its still money you owe, and as far as I know there are only a few states that no one can collect on a past stat account, at the moment there are only two that come to mind and that is mississippi and now north carolina

got news for you.the two states are mississippi,and wisconsin.btw SOL means that you can't sue on the debt.the debtor can send a C&D letter to you or any other collector for a past SOL debt.if that happens then what do you do?another thing.what states are you actually licensed to collect in?

To the Asset Collector harrassing others on this page: your lack of spelling, punctuation, and maturity signify how educated you are and I highly question the ethical statements behind your judgements. You need to go back to school and get a real job. I will be hiring a lawyer to deal with your company immediately, since Asset is harrassing me for debt more than 10 years ago.

Gender issues aside, you are still a bald-faced liar. And, apparently, a poorly educated one, at that. For the record, it's not 'Mam.' It's 'Ma'am,' a contraction of the word 'madam,' used in English as a polite form of address for a woman.

Taking monthly payments on a purchased debt does not a finance company make. And offering people discounts from face value on debts your company purchased for pennies doesn't impress me, either. Asset Acceptance is a junk debt buyer and collection agency. Anybody who takes a few seconds to look at your company's website will see that immediately. From the 'Who We Are' page on that site:

Maybe there are a few collectors at Asset who care, and who don't violate the FDCPA as naturally as breathing. But that begs the question: A few out of how many? Thousands of stories on this forum and others illustrate the fact that Asset Acceptance is scum.

And who. me? Sour? Not a bit of it. I just enjoy exposing bottom feeders like Asset to the harsh light of day. And I really enjoy helping ordinary folks bust you people when you step even one inch beyond the law.

And no, I didn't get sued. Why is it that you collectors just assume that anybody who takes you to task is a debtor with legal troubles? You see, I have a good education and a strong work ethic. That allows me to enjoy a successful business, and spend some of my spare time schooling folks like you. I'm not reduced to shill posting in a forum to justify my pitiful existence.

All of you collectors are brain washed. First of all people don't owe your company a dam thing because the original debt wasn't with Asset. Sure you may buy the debts other companies but the agreement to pay wasnt with Asset in the first place. Some of these debt collectors act as if they gave money or possessions directly to those their seeking payments from using intimidation, inflicting fear, and just being down right rude.

for real grow up pay ur bills..thats some arrogant **** to say to people who have real issues..most people want to pay debts, trust me im one of them...sometimes bad **** happens..keep that in mind chico.


Let's keep the profanity to a minimum, OK? - Uncle Wulf

Make sure you check on the SOL in your state before you sign anything. Don't even sign anything the police brings to your door. If your SOL in your state is 7 years and your dept is 8 years old and you sign a paper given to you. Your SOL starts all over. That's what asshole acceptance told me.

that is not totally true.it depends on the state you are in.in some states even a payment won't re-start.

I just received a call from a Troy Lewis @ Asset Acceptance, LOL, because he chooses to use a stage name. The caller I.D says it's from a city in VA. Troy Lewis (certainly not his real name) states the call is from India. Out sourcing must be the way of the glorized phone clerks worldwide. At any rate, it takes two to tango and as long as they keep calling me, I will be as deceiving as their own tactics. To the Asset phone clerk, how much stock do you have in the company??? Better yet, I think you would make a great owner of your own debt collection company (food for thought). I pay when I am able or willing to do so, let the phone ring because I love playing with collectors. Collection calls can really be fun, if you learn to laugh at them. The possibilities are endless of how you can help them waste their own time calling you, when clearly if you had the money you would of paid whoever it is who they bought the loan from. Don't be rude, realize the person calling is just another working man or woman, and be creative, and most of all make sure when you hang up the phone you have the last laugh. Alot of times I just let the collector listen to whatever is on the TV, they always hang up. Another of my favorites is the I can't hear you, the the infamous bad conncetion is hilarious because they continue to repeat themselves (lol) Don't be rude, but as funny as you can be this truly relieves any stress, and instead of being harrassing it is hilarious. As I work to repair the dysfunctional nature of past credit history, I have learned to lighten up and do what is in front of me. Regarding Asset Acceptance apparently they are not what I have on my plate today, but one day as I work to repair my credit life that phone clerk will be able to RING RING RING the paid in full bell.

Asset Acceptance LLC has sent me ONE letter a year, each year for at least the last 3 years.

Because I have student loans I am doing my best to stay on top of & repay properly; I keep my credit reports for approximately 5 years (I have 2 from 2003 - don't know what happened to '04 - and all 3 from '05 to '09). My student loans report back to 1995 when I took them out, next oldest on my reports is a car loan (paid in full as scheduled!) from 1997.

Asset Acceptance is trying to collect on a debt I have absolutely NO knowledge of; that was reportedly opened in 1989.

They, Northland Group (same address as AALLC), WFNNB/Samuels DO NOT show up as an unpaid debt anywhere on any of my reports. They only show as someone who inquired about my credit (along with a couple of credit card offers).

The letters I have received from them in the past have varying amounts on them (anywhere from $934 to nearly $2100) - and no loan in any of those amounts ever shows up on my credit reports.

Each year for the last 3 I have sent letters to AALLC & Northland Group stating that I dispute the validity of their claim; and then I don't hear from them for another year.

I live in CA, where the SOL is 2-4 years. I honestly don't know a thing about this debt.

I have no negatives on my credit, which has been improving from year to year as I continue to make payments on my student loans and keep up as best I can with my credit cards.

Asset Acceptance LLC is now calling 2-3 times a week; they ask for extremely personal info (SSAN, mother's maiden name, etc) - which I refuse to give - BEFORE they will tell me anything!

The irony is - another poster here said he/she got a phone call from "Troy Lewis" - well, the letter I got this year is from "Troy Lewis." I sent a letter of dispute USPS Priority Mail - with tracking (it was delivered to the address I had for AALLC on 12/14/09).

I've never received anything from them telling me their claim is legit, and I only hear from them in December (the last 3 letters I wrote are dated 12/4/07, 12/8/08 and 12/10/09) - I think they are just trying to add to my holiday stress!

What's my next move?

Thank you kindly for any tips/advice you have to offer!

ImATXAggie

Most likely the debts are time barred, they probably know this and that is why they do not respond. If you know for sure that the SOL has passed, send them a cease and desist letter. If they continue to call after getting the letter, call an attorney and sue them.

I love companies like yours who mispell and type incorrect data, Makes things easier to be removed from your errors.

I'm laughing out loud because you misspelled misspell.

I hate Asset. They call me daily regarding a debt that's past the SOL for my state. I've sent a C&D, but they continue to call. I can't really afford a lawyer so I don't realistically see how I could sue. And, I'm betting that that's what they bank on. If we can't afford to pay our bills, we can't afford to hire an attorney.

Any advice?

If you have proof that they received the C&D (the green card / Return Receipt) then you will not need to pay for an attorney. The FDCPA can grant attorney fees and court costs, plus $1,000 to you, for this violation. Go to www.naca.net and see if you can get a referral to a consumer advocate attorney.

You don't need money in the US to avail yourself of your civil rights.

That's why Asset, and companies like them, get away with it. Because people think they are beaten even before they begin to fight. It's an unwanted annoyance, to be sure, but sometimes in life you have to defend yourself against attack.

Thanks, Chrys! That site is very helpful.