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

I want to know what im gatting sued for

who is suing you? And in what court?

I am currently trying to clean up some debts from my past. However, as with a lot of people, my money is tight. So I would really only prefer to pay lagitimate debts. I have run all there reports (Experian, Equifax and TransUnion) I have seen one entry wich seems a bit odd to me.

On Equifax I see this entry.
Account Name: ASSET ACCEPTANCE COR
Account #: WINDSTREA-3187XXXX
Account Type: Open Account
Balance: $238.00
Date Opened: 1/1/0001
Past Due: $238.00
Payment Status: At least 120 days or more than four payments past due
High Balance: $223.00
Comments: COLLECTION ACCOUNT

Then as a seperate enrty for Experian and TransUnion I see the following-

Account Name: ASSET ACCEPTANCE COR
Account #: 3187XXXX
Account Type: For Equifax-Unknown - Credit Extension, Review, Or Collection. For TansUnion-Collection Account
Balance: $238.00 (same for both as well as Equifax entry)
Date Opened: For Experian - 2/1/2007..For TransUnion - 2/2/2007
Account Status: For Experian- Closed.. For Transunion: Open
Past Due: $238.00
Payment Status: For Experian- Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department.. For TransUnion- Collection account
Comments: COLLECTION ACCOUNT

This MAY be a true debt of mine. However, Originally opend in 1/1/01?!?!?!? How long is a bad choice suppose to follow me? I have lived with bad credit for the past 7-8+ years! Should I still have to pay them on top of that? I feel as if I was given a choice back then. Pay the bill or live with the consequences. (bad credit). Either because I was UNABLE to pay or just simply didn't I 'paid the price' so to speak. Isn't this a bit underhanded?

I had a credit card with Providian back in 2002.Last payment was made at that time.Asset Acceptance took it over and took it to court in 2007.They got a judgement against me.Now its 4/17/09 and they are calling my employer to verify my dates of employment..I'm tight with my employer and they will lie and say i don't work there anymore..Would they know were lying??What can i do because i can't pay my bills if they wage assign me..

unprofessional , rude collectors who won't collect dust if you put them in the corner! i was bullied for a $200 account! please! i am a bill collector on chrysler, mercedies benz , i don't get so excited over $100,000 accounts! must be min wage paying job with no bonus checks

I have been a victim of identy theft

You should file a police report immediately.

They have without explanation from both my Bank and this company put a hold on my checking account for 9,950!!!! - Do they really have the right to do this without notifying me first?

So I didn't pay $12,000 5 years ago. Why should I have to pay now? I just got a letter from Asset asking for 50%!!! Do I still owe this? This is America! You shouldn't have to pay 1/2 of a 5-year old credit card you charged up wrecklessly!! The goods I bought and didn't pay for are mine!! Now they froze my checking account which had $5k in it. Shouldn't they have to notify me 30-days in advance first??? That way I could withdraw all my money!! This is an outrage!

In Sept. 2002 I was in a serious car accident. The car was totaled and the insurance paid off $13,000. of the 18,000 owed. So that left $5,000 still being owed. Unfortunately I was in physical therapy due to the accident for almost a year and was not able to pay it off. After that I didn't make enough to pay for a car that I no longer had and everyone said it would be removed from my credit after 7 years. The account was sold to LLC Asset Acceptance a little over 6 yeas ago. I pulled my credit report this week to find that LLC Asset Acceptance told the credit agency that they had changed their name and this should be reported as a brand new account and they now say $12,990 is owed on this account. Is this legal? Can they change their name every 6 years and keep this on my credit report for the rest of my life? I can't believe that I stopped for a red light and the guy behind me wanted to run it , so now my credit is messed up permanently. Please, let me know if this is legal. Thanks.

I currently went into my credit union to check to see how much money was in my account and i discovered that a collection agency went into my account without my authorization and the credit honor them with my information what she i do

I received a letter from Asset Acceptance LLC saying that I owe them about 3000 dollars. But the name of the bank they given isn't my bank. They said that I used a credit card and withdrew money from the bank but I dont have a credit card (remember that is not my bank). I think that this is either they're lying or someone had stole my info and make that debt. I really don't know what to do. This thing have never happen to me before. Can someone please give me some advice?

After getting a few "offers" in the mail from them I decided to run my credit report with Equifax 3 in 1. Low and behold they made some inquiries back in April. The "Citibank CC" account they refer to lists a balance of $6480 and an offer of $1944. This "offer" is good until August 31st. I have lived in Florida for the past 5 yrs and prior to that NY. This would have to be something from NY *IF* the debt is indeed mine.

I have no idea what this is about and it doesn't show on any of my credit reports. I'm asked to call an "Amy Wright" about this. My question is what should I do? Ignore them. Send a DV letter?

Thanks

I work for Asset Acceptance.

Everyone has a wrong aspect of this company. There are a few things everyone should know about "unpaid bills".

1) They do not go away. Just because they are past stat for your state and off your credit report, don't mean the responsibility to pay them dissapears.

2) With that being said, we call customers who have had accounts opened and stopped paying in 1988. It's a sense of responsibility.

3) Interest incurred on the account is interest that was indicated on the original agreement and terms. If you stop paying your bill, interet begins to add to it. Asset Acceptance will purchase debt from places like Chase or Wells Fargo 2-5 years after the last payment. What the original creditor does before we get the debt is out of our control, but they charge interest monthly. Then we get the account. Most accounts come with bad addresses, bad phone numbers, and we have to find this information. Some accounts, we find it in a few months and are able to contact the customer. Some, it takes over a year to get a reliable location on the consumer. My only comment on interet is, if you kept up on unpaid bills, it wouldn't be a surprise.

4) Slamming the phone on us, yelling at us, cussing us out and lieing to us by saying it isnt yours doesn't make it better. Asset Acceptance is a publicly traded company, with an A+ rating on the BBB, as well as is on the stock market. We treat each customer in our system with the respect they deserve. We do not assume because your in our system, your a low life, but everyone hangs up on us and no one gives us a chance to speak. Consider listening to a debt collector next time they call you. Sure, we're trying to get you to pay, but listen good, because we're trying to asses your current situation and help you get the account resolved.

5) DO NOT GET DEBT COUNSELORS OR DEBT CONSOLIDATION LOANS WITH THESE COMPANIES ON TV!!!! You pay these people to call us up and say "The balance is $1,000? I can pay $400 now to close the account". YOU CAN DO THIS! You can settle your account, you don't need a third-party!!


If we are doing all of the things that are "illegal" we wouldn't be in business. Please think more clearly about things people. Until you actually discuss your account with someone, you dont know what we have on file. If the account isn't yours...we dont know unless you talk to us. If it's in your SSN but someone elses name, WE DONT KNOW UNLESS WE REACH YOU TO VERIFY!

And if you weren't doing them, you wouldn't be losing all those pesky lawsuits. Take off, shill.