[LCW]

Should I go ahead and send a debt validation letter though I have no idea of the amount owed, account numbers, or even what office they are contacting us from?

That is the reason you send a debt validation letter in the first place. IF nothing else send it to their corporate office and let them sort it out. IF they call in the mean time ask for the address to send another validation to to ensure it gets to the right office. IF they refuse to give you this information, then document that. Out of curiosity, how old is the debt they are trying to collect? What state do you live in?

[demoncasterouter]

Hi K Smith!

I have 3 words for you:

1. Sue
2. them
3. now!

-Sue Asset for FCRA violation of reporting innacurate info on your CR. You can't collect any money for this, but it's worth it.

-Do a separate petition (suit) for their fdcpa violations where they threatened to garnish your wages. And don't accept anything less than $1000 so you can get your money back.

-Do a separate suit for attempting to extort more money from you.

Sue them in a federal court nearest your home. But first, learn the FDCPA and how to draft a petition (your paperwork for your lawsuit). Don't let these idiots mess you around like this. This is completely illegal. The first thing you want to do is fax them a cease and decist letter. If you want one, PM me and I will type you up a mock one right quick.

The debt is from 1997 and I live in Ohio. I already checked the statute of limitations and it is 15 yrs. Unfortunately, my fiance cancelled this membership so long ago and never heard anything about it, that we no longer have the paperwork. I mean, you don't even have to keep check stubs that long! I went ahead and decided to send a letter to their corporate office and the office in Brooklyn Heights Ohio (via fax and certified mail). I just want to make sure that we are doing what we need to do to help our situation. I appreciate any help and/or knowledge that anyone gives me.

Yeah, what demoncasterouter said!!!!

Nail em! I wish I had known about my rights when I got frauded out.

does anyone know this # 877-541-4004

[andyyoung]

I called the number but didn't get the name of the company. Maybe, you can give a call.

this company bought my old account from montgomery wards which was back in 1985. i have not used this account since 1992 or 1993. now they are trying to collect $4,000. i can not find any information on this old account. i have 21 days to answer. what should i do?

[andyyoung]

Pac, I am sure if you have not done any payment, this debt is past the SOL period. This is an age old debt and the collector is trying for a small payment so that the SOL can be renewed. Do not pay anything if you have not done so. Besides, this account should not be reported in your credit file at this stage. You can escape this debt in legal terms. If you make a payment, the account will not only come within legal collections but it will also appear in your credit report.

Ask the collection agency to validate the debt and then you can notify them in writing about the expiry of SOL. Confirm the date of last activity on this account and the SOL period in your state. Send your letter through certified mail with return receipt requested and keep a copy in your file. This is the legal way to handle this matter.

just me says to send a cease and desist letter to the company and attach a note to be communicated through mail only if it has a legitimate reason. They must stop calling you after receiving your cease and desist letter. If they still contact, it will be violation of the cease and desist rule. You can take them to the court for each violation.

I don't have an address because I refuse to call them back. And I don't answer my phone and tell my kids not to answer it either, thats what caller id and answering machines are for......I do post fraud alerts on all three credit bureaus and also check my credit report at least twice a year....so far, so good.

I had an account from 1983 with a Bank one visa. Accet Acceptance purchased the debt. Here we are in 2006 and I have recieved a copy of my credit report and they have created a false history with them. The history shows payments being made on time and then 30,60,90,120 days late. It is different with each credit reporting agency. There has been no activity since probably 1987. What can i do. The agencys said unless they request it to be removed they will not take it off.

[Christina]

Bradleybuilt, your credit is wrong reported with this negative information. You need to dispute the item with the bureau keeping in mind that the last payment was perhaps in 1987. this account is also past the 7 years reporting period. So, unless you make a payment in the recent times, it must not have appeared in your file. This actually happened due to the fraudulent reporting of Asset Acceptance. If they are keeping it intentionally, it must be immediately removed. Send your dispute copy to the CRA also.

I also received a call from # 877-541-4004 which I haven't found what company it's for. All I know is they were very rude when the person they were looking didn't even live here. They call me constantly, and I'm in the "Do not call" anti-advertising service. I hope they can do something about these people. Anyone with luck on who these people are, please let me know.

1. I finally got Asset deleted from CR after 5 yrs trying. They were claiming a balance for something Household wrote off long ago. If I understand Roxette it can not go back on now. Anyway the 7 yrs is up in Mar 07.
2.My car dispute is off and they wrote off 12K. I wrote the CA a C&D letter. If I pay the full 12K even though it is past SOL and off credit report, will it go back on? I want to do the right thing now, but dont want to screw my credit for 7 years. I am just afraid since it was secured loan they could sue me?
3. I have inquiries from a Mercantile Adj Bureau and two others, I have sent letters too, with no response. How do i proceed now. This is the last remaining items that are bad. If they are inquiries for debts over 7 years old should they not come off?

Thanks for any and all responses if possible.

PS. - Hang in there folks, I had 50K debt and 35 negative entries and not am down to only 1 black mark

So I am reading all of the complaints against Asset Acceptance & realize that I may have been suckered into something now. My deal is, I had a bad mark on my credit score due to a overdue credit card from my mother's account. I was only an "Authorized Signer," but they had me listed as a "Joint." I helped my mom pay off the account, thinking it would improve my credit score. Come to find out that it will only hurt it. Is there any way that I can take this off my credit report (Derogatory Items)? I need this removed to move forward in purchasing a home. HELP!!

[anthony]

Stuck

I wonder if you will be able to remove accurate negative items from your credit report before the seven years reporting period. If they are posted with inaccurate information, you have the legal rights to dispute it and get the incorrect items removed. Read some more about this in the FCRA laws.

http://www.ftc.gov/os/statutes/031224fcra.pdf

As a former employee of Asset Acceptance I will advise you to look uo the Fair Debt Collections Practices Act online and see exactly what your rights are.
the laws are designed for the debtor and they broke a whole lot of them regarding your situation. if you sue and win you could get a lot more thatn $700 + dollars. Do some home dude it will be worth it.