Asset Acceptance LLC - Consumer complaints and ways to deal with them

Hello,
I received a letter from a collection company trying to collect a debt on the behalf of asset acceptance llc.
I recently refinanced my home which I have owned for 3 1/2 years now. The name on the letter is close to mine,
but not completely accurate (the last name is close, but still wrong) and I also noticed the last four digits of the debtors ssn is not the same as mine. After getting to know who asset acceptance is through this forum, I am afraid to even contact them to ask them to take my address out of their system. Should I let it go? It's apparent from the last 4 digits of the ssn this is not me. The debt is not showing up on my credit report. Should I throw it away or notify them?

My life is bad enough as it is, I don't need Asset Acceptance hounding me for every outstanding debt I have. They took me to court once already and I had to disclose every little detail about my life to them as a result. If I can't pay the first debt they won judgement for, why do they continue to keep buying up my old debt and chasing me for payments?

Yes, I did owe the money to my creditors (not them) and they wrote it off long ago. My credit is already shot!

Is there anyway legally to stop them from dragging me back to court over and over?

Geesh, the sheriff's summons server said she spent the whole day delivering to people that are all being sued by Asset Acceptance.

I suggest you NEVER give a debt collector your bank acct, what you can do is take all $$ out from this acct and close it, or just put how much $$ you want them to have and no more, once you give them your acct number, there's nothing you can do about it. Open a new acct and DO NOT GIVE IT OUT, this is the only recourse you have

asset acceptance llc claims that they have two debts on me, one from 1997 and one from 1999. On both accounts they were not able to show me any paperwork on them. They are now garnishing my wages! Is there anything I can do to stop them?

I have been receiving letters since 2003 from these people. I have sent at least 4 letters requesting validation of debt of which I received no response. I ran my credit report 2 weeks ago & they were there listed for 2 debts. One was Providian & the other Wells Fargo totalling $5k. I had already notified Providian back in 2002 that I didn't establish an account with them & I never heard from them again. However, they were on my report as well. I've never had anything from Wells Fargo in my life and they were listed on my report too. I disputed the info from Wells Fargo, Providian and both Asset Acceptance items on my credit report about 2 wks ago & sent validation request letters to all of them certified mail. I rec'd a response from the credit bureau within 5 days stating that Wells Fargo & Providian had deleted their file from my credit report due to non validation. I guess my question is "how in the world if the original creditor can't validate is this company going to do it?" They haven't responded to the letter nor the credit bureau dispute yet. They have about 2 more wks & it will automatically drop. I would like to know if anyone out there has had this kind of dealing with these people. I mean they used to call my house stating that they were calling about an existing case that was about to go to court -- left very harrassing phone calls. I haven't rec'd any calls from them in almost a year now.

I was recently buying a home and decided to check my credit report. I found a negative credit item from Asset Acceptance Corp. They stated that I owed money from a Bank of America account opened in 2000. I have never had an account at this bank. They told me that if I didn't pay the account off immediately, they would charge interest on the dept owed. I stated that I wanted to dispute the account. They noted that requesting documentation would take 6-12 months. I asked if I could dispute the account at a later date if I paid the account off immediately to avoid interest. He stated that I could still dispute the account after payment was made. I called back a few days later after talking to Bank of America and finding out that the account never existed. Asset Acceptance corp noted that I could not dispute the account because by paying I validated the debt. I have hired an attorney but wanted to find out if their actions violate consumer protection laws? Was it a bad idea to give them my credit card number? Should I close my credit card account to avoid future scams?

Once you repay on a debt, it starts to reage. You need to check your States SOL. You could have disputed the charge before payment this is how they catch you. They knew once they rec'd payment that would start the reaging process again.

Hello.. some interesting reading on the forum. great source of info, Quick question, can Asset or other collection agencies charge interest themselve for an account that they purchased form an old credit card account? I if they are charging interest, is that still being used as an "open account", not using the last charged item date? I think the debt is past the SOL, unless the interest keeps the sol running so, even tho the accound is under my wifes maiden name and we have been married for 7 years.. thx

I don't think that keeps it as an open acct. The credit bureaus told me that mine was supposed to drop in 01/2008 for both. I just didn't want to wait that long since they debt was not mine. It is only supposed to stay on there 7 yrs from the last activity (delinquecy) is what the credit bureau told me.

I know that "dismissed with prejudice" means that the Plaintiff can not bring that suit again. However, is that Plaintiff then allowed to sell the debt that was dismissed with prejudice to another company who can then continue to try to collect on it?

Thanks

Hi. I got a summons from Asset. I sent a debt validation letter. I sent it so i would recieve a return reciept when they got it. They recieved it on 5/12. There is no set court date when I checked (5/29). The 30 day limit on the summons is up June 7th. I have not heard back from the Lawyer who sent me the summons. Do I have to make a court date or does the lawyer who sent the summons do that?. I would like to get this sorted out, but I do not think it is my responsibility since they sent the summons. What might be the next step? thx in advance

I switched to AT&T & Pac Bell slammed one phone # back. I made calls thinking all lines were AT&T unlimited. Bill from Pac Bell disputed, changed line back to AT&T & refused to pay. "Slamming" is against the law.” Charges disputed with Richard at Asset & requested proof of account. Asset never received proof from Pac Bell. Asset put collection on my credit instead of completing the investigation which I discovered on 5/26/2007-paid in full-contacted Asset, Jim Richardson 800-398-8814 who said a complete investigation was warranted, yet nothing has been done.

ASSET ACCEPTANCE forged my name onto a Consent Judgement Entry. I have been fighting them for about a year now and I have them on the run. There is a remedy for all of you. First you go to your local court and see what is in your Docket! Civil Rules state that anything in that Docket must be sent to you and a Certificate of Service must be in the Docket to proove that they sent it to you.YOU MUST DO THIS. They are theives and must be stopped! I have them in Court and dismissing my case. I have also sued them myself and suggest that anyone else do the same beacause all Attorneys work with each other wether they are wrong or right!

truthfully submitted by, K. Bey

I have had a bill show up on my credit report for a Southwestern Bell Phone bill I wupposedly owed. While I did have a land line with them for like 2 months I paid off my bills in thier entirety and kille dthe service and the account. The collection was started 2 months after my phone was turned off (I had a cell phone) and then shows up on my credit report almost two years later. I had not received any letter from SBC claiming a pst due nor any information from this collection agency. And yes I have verified the information on all three of my credit reports and have had the item in dispute for over a year. This is not the 1st time SBC has done this to people. (look at the amount of class actions against them). They get away with it because people pay off the amount supposedly owed as it is too much of a hassle to do otherwise. Also one more thing I am in consultation with the JAG office where I work.

I also sent Asset an email (as I was overseas) requesting information on the supposed debt and they told me taht I must call thema s they cannot go into that information over email. (albiet the email address I was using was on a secure site). They give you the run arounda nd all that.. COurtesy of them Im sure I have had to endure higher than normal interest rates on loans. (I plan on taking them to court then sueing SBC for illegal billing practies) And yes, for those who are going to tell me to look up the law, I have read all applicable consure laws regarding this issue as AOL, had done this same thing to my brother and mother. AOL then tried to do this to me, gave me the run around, so I took them to court and they dropped the collection request. Go figure.