So far I filed complaints with the BBC and the FTC, but her is my story as short as I can make it.

In the beginning of June I received a letter stating asset acceptance llc would meet me dollar for dollar on my credit card debt, so my girlfriend called the company and explained to them that this sounds like a good idea. Chris Sutton the representative handling the case said I needed $100 as intent to cooperate. So my girlfriend used her bank account to pay the $100 to get me going, Chris explained that I must pay $773.80 starting next month for 3 months. July came along and I received a letter stating they would be depositing $773.80 to their account from my girlfriends account. This was not authorized by her or me. So I called them and spoke to a representative named Marva who was filling in for Chris Sutton, I explained to her that I do not have the funds at this time and that we did not autorized any automatic transactions from my girlfriends account. Marva explained that they do not take the funds directly out of the account and that the letter should have been worded better. Happy with this answer I ended the call. Two weeks later we noticed the amount of $773.80 was take from my girlfriends account by Asset Acceptance LLC without authorization. So I called on 8/1/2005 and was told by a supervisor Robert (Bob) Mills that they will not give me my money back after explaining that they took it from my girlfriends account without authorization, and that his representatives told me it would be directly taken out of her account. At this time I asked for the two recordings of the conversation he than stated their are none. So I asked how could he possibly know what was said from the representative without a recorded conversation which the representatives told me was being recorded.

So now my girlfriend is out of $773.80 of her hard earned money because of tactics used by this company. All I want is her money returned back to her account but I dont know where to begin to fight this. Asset Acceptance supervisor pretty much acted like We won you lost get over it bye!

Help me!

[roxette]

Hi DMVinny

Welcome to the forums. It is clearly evident that the Asset Acceptance has withdrawn the money from your girlfriend's account without authorizing them for this purpose. Also, if it is your debt account, then the money has to be taken from your account and not your girlfriend's account.

They need to inform you about each and every step before they commit any action. Clearly, it is a violation of the law and you should take legal help of your attorney.
You should file a case against Asset Acceptance and the bank who have let the money go into their account without informing you.

Regards
Roxette

Hey DMVinny,
Is this even a real company or are the scammers?? I got a collection notice from them that I refused to pay because I was completely unaware I owed this. I havent heard back from them although this debt does show up on my credit score. Luckily its not enough to hurt it. But i was wondering if this was a real collection agency or if the are scammers? Anyone know? Thanks.

[ben]

Sugarzee - Asset Acceptance is a collection agency that is mostly involved in unfair practices while recovering the debts from the consumers.

Since it is appearing in your credit report, please obtain a credit report from the other two bureaus also and confirm this entry. You can dispute with the credit bureau reporting this entry. They will conduct an investigation and inform you after the change is done with a free copy of your credit report.

If proper steps have not been taken right now regarding the removal of this entry, it will hurt your credit file in the long run. Hope that you will do the needful for retaining your credit ratings.

I am cuurently in a dispute with Asset Acceptance myself because they purchased a fraud account from Ameritech and slapped my name on it for the third time. I filled out a fraud affidavit in 2002 and this debt was wiped from my credit report, and now it is there again. I even have a letter from Ameritech stating that they concluded this was not my debt and they apologize for any inconvenience. When I called Asset Acceptance they want to get an attitude and speak to me like I don't want to pay this debt! Damn right I am not paying, hell it's not mine!

[roxette]

Hi Micky

Welcome to the debt consolidation Care forums. You should write a letter to Asset Acceptance explaining this matter along with the photocopy of the letter from your creditors.

Once, a negative information is removed from your credit report, it cannot be put back again. Since the collection agency is trying to put the information back again, you should deal with it strongly and take legal help if required.

Regards
Roxette

I am writing because I have never received a letter or bill or anything from asset acceptance llc but a debt from them appeard on my credit report. I would like to request validation of the debt but from what I am reading it appears it would be a wasted effort. I believe it is an old bill from SBC and have no problems paying it but I want to make sure if I send them the money that it is resolves the debt. Any suggestions. I have never received a bill or statement so I have no account number or anything

Is anyone going to respond with some advice on how to settle this. I never received anything from this company, how do I dispute it if I have nothing from them, just a black mark on my credit report.

[roxette]

Hi Wtf,

Welcome to the forums. I understand that you are not aware of the information that is appearing in your credit report. Since negative information appearing in your credit file can hurt you file in the long run.

You can compare your report with the other two bureaus and dispute with the one that is highlighting the entry requesting verification. The credit bureau will conduct verification with the information providers and update your file if your dispute is found to be legitimate.

You can also dispute with the creditors asking for verification and get the negative information removed from your credit file if it has been wrongly placed.

Make sure that you do all your correspondence in writing so that you can track it later. Send your letter through certified mail with return receipt requested.

Regards
Roxette

dear wtf, i have spent the last few months clearing up my husbands credit and the rest of mine. if it is SBC you can pay sbc directly then you feel safer also dispute the asset acceptance on your credit report as paid in full, they will find it paid and correct your file. easy as 1,2,3. hope this helps

After receiving a letter from this company today, saying I owed a company that they bought almost $2500.00. I decided to research the company and ended up here on your sight... I have no idea who this company is or how they got my name... they say they bought a company named fingerhut, I have never heard of them. After calling fingerhut, they determined that I did not have an account with them. I called this company back and asked for proof.. a name and shipping address... I told them somebody must be useing my name .... and they told me... Thats your problem... we don't supply proof, but we will supply the credit bureau with a report if you do not pay this debt... I have no idea how to handle this...

[roxette]

Hi

Asset acceptance is a debt collection agency involved in purchasing long time outstanding debts from the creditors and thereby recovering from the creditors. During this process, they get involved in too many malicious activities and end up on a very bad note.

You will get more introductions about the said company in this forum. Just do a search in this website about Asset Acceptance and know the latest.

Ask the collection in legal writing to validate the debt before you arrange for any payment plan with them. Please go the page given below to know more about debt collection' legal restrictions.

http://www.debtconsolidationcare.com/fdcpa.html

Regards
Roxette

Ok... I read the website. first let me make clear that I did not incur this debt. I have no idea about this debt, but suspect it may have been my ex-husband using my ss number to get credit. However after reading the website that you directed me to, it seems they have broked all the rules. Not only did they threaten to attach my checking account, take my house, and make it impossible for me to find a job anywhere, but they also said they would contact all the credit bureaus and I would never have credit again. They said I was a deadbeat who never pays my bills... I guess they would have known that was not true if they bothered to check the credit bureau. I am furious that they can treat people this way. But aside from that, I am more afraid that someone has used my personal info to obtain credit and will now ruin my good rating.... Thank you for the website... it was very helpful.

[roxette]

Hi

Since your identification details are open for misusing your credit, you should contact the Fraud department of the three bureaus and inform them about the possibility of the identity theft. Your information will be shared within the three bureaus and a ‘Fraud alert' will be placed on your credit file within 24 hrs. During this time, the creditors will not issue new credit in your name unless you permit them to do so. Although most of the creditors are ignorant to these alerts, you should be vigilant for any new accounts. Attaching a "victim's statement" is also helpful.

You should also file a local police report in the area where this event took place. Keep everything documented so that you can track it later.

As per the FCRA, you can get all the illegal activities removed from your credit report. All the information which is believed to be in dispute can be explained to the credit bureaus. Attach a copy of the court's ruling and the police report to support your position so that you can prove your side of the story. Furnish your identification details to get deeper into the fact. Copies of the credit report if attached will also be beneficial. Send through CMRRR and record the serial number so that you are aware of the bureaus receiving your explanation.

The credit bureaus usually take 30 days to conduct an investigation with your information providers and verify the matter. If the information is found to be inaccurate, your credit file will be corrected and you will be sent a free copy of it.

You can also contact the creditors and inform them about the illegal activity that took place. Write your complaint describing the situation and send copies of the police report along with it.

I have brought this suggestion as a responsive step to your situation and you should always try to prevent these types of situations from happening.

Regards
Roxette

my husband owns about $ 1700.00 to citibank. Asset Acceptance bought that account and started sending him letter to collect the total amount. Since he was not able to pay that amount they have send him a settlement agreement of $ 500.00 via fax, which has to be paid by 09/30/05 otherwise this offer will be null and void. They were trying to collect that money by phone. I got scared, that they might collect more then the amount we had agreed to. Also once we pay that amount will citibank take it out of his credit report?

I Just received a copy of my report, found asset acceptance llc on it. Who and What are they anyway?

I have something for a couple of thousand placed on my report when I was out of the country the whole time. Have anyone gotten anywhere with this company?

What results have you gotten and how did you achieve this?

I'll wait for an answer before doing anything. i am out raged at what I have read on this site, I was actually looking for their number and stumbled here.

Okay, thank God i didn't call them. they might have been trying to collect my information-just try to intimidate me.

Thanks everyone, and good luck!