Asset Acceptance LLC and Citibank debt question

That all depends on if you want to settle or work out a payment plan. I normally advise that if it's going to take you more than 6 months to go ahead and try to settle if you have the avaliability to do that. If not make sure whatever you decide upon that you can afford it.

I found some old statements that show the original amount. This is significantly less than what they are saying I owe. Will this work in my favor? Also, should I contact them before I get the debt verified? I checked and there is no suit filed as of now. They are just theatening at this point.

You should still request validation if the amount is questionable to you.

You should also consider registering with the site.

How do I register?

Do I register for the site using the info to the right of this screen?

Got a call from AA today. I asked if they received the certified letter asking for verification of debt. They said they have the contract and will send me a copy of it. Is this sufficient?

You should also make sure that they send a copy of their assignment contract (if the original creditor still owns it) or bill of sale (if the OC sold it to them) as well as their business license number for your state.

Got a letter form AA today with a DV letter enclosed. They stated that it is an account statement prepared with infomation provided to them by the prior creditor (not original). It only contains the original creditor's name, balance, some personal information such as name, address and last 4 digits of SS#. It also has two different account (original and new). Is this sufficient? If not what should I do next?

According to FTC staff, proper validation includes documents from the original creditor such as statements, the original contract, assignment contract or bill of sale.

Should I send another request?

Certainly, if your using my letter, make sure to send the enclosure and highlight the dang part where it is explained by the FTC staff what proper validation is.

I am using your letter and I will highlight. Thanks for your help.

You have to wonder at they told you they had the contract? Then why did they not send it? I think they fibbed to you. Send that 2nd letter and be a bit more firm. They know darn well what is proper validation and that isn't it. Hmm...they called you? In the initial DV letter did you include a limited cease & desist to restrict communications to letters only? If so then they have violated....include that in the letter and threaten that you will sue.

One thing that I have read on one of my other boards is to make a complaint to the Michigan Attorney general every time they contact you.It seems that is their home state for their head office. They were also slapped down by this AG in the past.

Seems kinda funny that they can't get anything except from the source that they need to get it from. Sounds like validation is going to be a no go on this one.

I was told on a call that she was looking at the contract and was going to send me a copy. Also, the infomation on the DV letter from them is the same info on my credit report - nothing new. I know there was another CA before this one so to say they got the info from the prior creditor tells me their info did not come from the OC. I did include a limited cease and desist in the first DV letter. Second letter will go out today. Thanks.