I sent the DV letter last week but after reading another forum about AALLC, I may need to send it again. The only address I had was one with P.O. Box. Should I resend the letter? Also, what should I do if the SOL has not passed?

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I’ve received a letter from Asset Acceptance today for the first time ever! I have no idea how they found me!! The letter states that they have purchased an old creditor’s account and that I now own them $11.000 – The debt is mine, but I have not received anything from anybody in 9 years. I believe the last payment made to my old creditor was in 1999.

On the letter they only stated the creditor’s old account number and the amount due. I don’t know who the original creditor is, Asset Acceptance did not give me that information on the letter, and I’m supposed to contact Asset so they can give me all the info. I DON’T WANT TO CONTACT THEM!!

To be honest, I don’t want to pay for a debt that is over 8years. I CANNOT AFFORD IT! I live in California and the SOL here is 4 years!

I got in such panic yesterday that I shredded the letter!!

Nobody knows about my debt, not even my husband that I love and respect so much!!! I don’t know what to do!!!

Can anybody help???
Thanks in advance!

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Hope,

Relax and take a deep breath. I have been dealing with Asset Acceptance for over Three years and you are in a solid position.
First, if the last payment was made any time prior to 4/21/04 then the Statute of Limitation (SOL) is over. Second, they are not licensed to collect in the state of California.
What I did was send a debt validation Letter, several can be found on this website (just click on the link on JCEMT's post)and emphasised that the portion stating that they need to prove the SOL is not expired and that they were licensed to collect in California since the California Secretary of State's web site shows there license as being forfeited. I also sent them a print out of this web page.

They stopped all contact with me.

You want to send this letter right away so that they are prohibited from placing this on your Credit report.

Here is the link for the Secretary of States search page.
kepler.ss.ca.gov/list.html

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Hi Cellular!

Thank you very much for your knowledgeable input! This situation is nerve wracking, but I’ll take your advice on it and take a deep breath... so I can think straight again!!

I'm going to research the website you've listed, and take appropriate action. I'll ask more questions (for sure) as I move along in the process!

Thanks again!

All the best,
Hope

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Cellular,

I just checked the website you referred me to and check it out:

ASSET ACCEPTANCE, LLC (THE ONE THAT CONTACTED ME) and ASSET ACCEPTANCE HOLDINGS LLC are shown as “active” under status in California!!!! Oh my God!!!!

ASSET ACCEPTANCE CORP. and ASSET ACCEPTANCE CORP. WHICH WILL DO BUSINESS IN CALIFORNIA AS NEVADA ASSET ACCEPTANCE CORP. are “forfeited”.

Don’t they know that these are the same scam people? I can’t believe it!! Are you dealing with asset acceptance llc? So, after all, they’re allowed to practice in California?

Which letter did you send to AA?

Thanks,
Hope

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I was dealing with Asset Acceptance Corp, you are right they are all the same company so I would still print out the one showing forfeit and see what happens, this is really not relevant since the SOL is over.
In regards to the letter go to JCEMT's post and click on the community link and use the debt validation Template and just increase the font and bold #6 and #7 and send it Certified Mail Return Receipt (CMRR)

Good luck

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Thanks Cellular!
I sent the letter yesterday certified, return receipt. I sent it to two different offices: MI and AZ since I wasn't sure which one contacted me.
I also sent the enclosure from JCEMT's letter and the print out stating that AA is forfeit in California.

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Does AA have to be active in your state to collect? I sent my DV letter and I am waiting on a response.

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They have to be licensed to LEGALLY Collect in California.

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I am in GA and I could not find this company on the secretary of state website. Is there another place to check for this information?

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Just one more thing... As some you of already know, I sent the DV letter yesterday to AA. Should I also send the letter of Cease and Desist(cease all comunications)?

Thanks,
Hope

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Hope if you used one of the letters from this site the Cease and Desist is part of it.

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Ok, that's what I thought... that the JCEMT letter had that included on it, but I saw a separate letter for “cease of all communications” in our community post and so I got confused. Thanks again!

I just want to take the time to thank you and everyone on this site. This has been a tremendous source of knowledge and strength to me! Thank you!

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Moving Forward, if I'm not mistaken. a collection doesn't have to be licensed in the state of GA., BUT they do have to post a $50,000.00 bond with the county clerk in the county where they are operating from; example if they are using Fulton county then they have to post the bond with Fulton county clerk.

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If that is a surety bond which they have to post, and they haven't posted it. You can include the surety bond in your suit.

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JCEMT

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Thanks. I will check on that. I tracked my certified mail online and it has been delivered. I got a call today. Also, what type of negotiation should I do if they can verify the debt?

Thanks.

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