I am a former employee of Asset Acceptance LLC

That is funny law student!He probably don't know about Texas finance code either which is a little tougher than fdcpa.

>they did everything they could to get the best deal

Lie. They are interested in one thing: Pay me. NOW.

>I had to sue 12 people a month, every month.

Unless you were an attorney representing them - no you did not. As you are making clearly false statements in this forum, obviously you are not an attorney... or at least not a very smart one.

>They do everything they can to help out debtors.

Bull. They would rather drive the debtors into bankruptcy than to be remotely helpful. They would rather take 25% of your GROSS pay in garnishments when you barely have 3% of your NET pay left to put a couple bucks of gas in your car.

>And I for one and glad they are such a large company and can help out so many people. I do know that their are some bad apples that threaten people and say they will never get a car again, but I for one am not one of those people and would report to my superiors if I had heard such things.

The only people they are interested in helping is their own selves, or their clients. They are not at all interested in helping out the people who they try to collect from. "Some bad apples" is a gross understatement. The majority of the collections people there use strong-arm, strong-languaged intimidation tactics which scare the hell out of people, and do not give off the image of being remotely helpful to anyone but their own interests. As you are a former employee and you claim to have never used such tactics - now we know why you are no longer there.

>it really does help to be polite when you talk to a debt collector.

It hasn't helped for beans... everyone I have spoken to at AA in efforts to clear up and pay for my outstanding balance has been an absolute b@st@rd towards me. This includes LISA JACOB, her assistant who would not give her name and ALLEN GUNN - one of their attorneys who said he could not give me advice on my case even when I wasn't asking for any. The ONLY person who was remotely pleasant with me aside from "Cheryl" the receptionist for the legal department was attorney SANJAY JUTLA, who while was polite, made it clear to me that he is not authorized to enter in any negotiations on behalf of his client even though IT IS HIS FREAKIN NAME ON MY COURT DOCS WHICH IDENTIFY HIM AS THE REPRESENTING ATTORNEY IN THE CASE AGAINST ME! Who the heck am I supposed to talk to then if the collection agents cannot be negotiated with and the attorney claims he can't negotiate???!?!?

>The problem is that when it is repeated back to a person, they don't listen to what is being said.

Now that is just a plain admission of being dirty, right there. When they repeat things back to you, what is said the first time usually differs what is said the 2nd time, and extra phrases, clauses and references to elsewhere documented processes and terms to which the debtor has no reasonable access to are all added in there. Confused - the debtor agrees just to get AA off his back. The record the conversation, so they then have you locked into a deal or circumstance that you you were not fully understanding or in agreement with, and they transcribe your statement agreeing to paper and enter it into court if necessary and use it against you.

AA also refuses to release garnishments LONG after they have been paid and met in full, requiring legal action to be taken on your own behalf in order to get them to stop.

AA is an absurd company with terroristic tactics, and it is quite likely that people who work for, with or represent that company will have hell to pay one day for their outright mis-treatment of other human beings.

The lies posted by this "former employee" only serve to enforce this point.

To anyone who is contacted by Asset Acceptance, LLC about any debt Here is what you need to do:
Before deciding to take any action

1. Read up on the Fair Debt Collection Practices Act. This can be found at the ftc's website
This will inform you of your rights and will tell you what you need to do to protect yourself and avoid be harassed by any Debt Collector.

2. Stay off the phone!!! Do not verify any information over the phone. If this is a legitimate valid debt that Asset has the legal right to collect on then they should be able to show you real documentation (contract, signed agreement) they got from the original creditor that proves this is your debt and that you legally owe them the money. Tell them to put it in writing!!! This will be very important if you have to go to court. Always request validation or proof of any debt in writing. By law they are required to send you this. If they don't do this you can file a lawsuit and make them pay you. ( speaking from experience!)

3. Check the Statute of Limitations for whatever State you are living in. Asset makes a habit of buying very old debt for very cheap that they know is uncollectible and hoping you the consumer will be so nice as to reward them for their stupidity. How dare they! Then if you do fall for the settlement scam and send them any little amount of money they will take you to court and sue you for the remaining balance. Dont fall for that phony settlement letter. It's a scam. State and Federal Laws prohibit debt collectors from suing on out of Statute Debts. If the debt they are calling about is past your state Statutes of Limitations you should send a CEAST AND DESIST Letter telling Asset not to contact you ever again about this. If they contact you after that then they are in violation of the Law and you can file a lawsuit.

4. Never agree to pay anything, I repeat do not give out any banking or personal information, over the phone until you get written validation/proof that this is a valid account. If you are on the phone and being pressured to give out your personal information or to make a payment immediately. Hang up immediately.

Debt Collectors will lie and say anything to get you to send them money right away because they know once you send a payment, you lose your rights to dispute this debt. So think twice before giving your checking info out or credit card numbers. If they threaten a lawsuit (which by the way is illegal, unless they have actually started proceedings to sue you). Then they are in violation of the law.

Even if you are sure that this is your debt and you want to pay it or make arrangements. I believe you should either get the agreement in writing or do this through a mediator or attorney so as to have someone to Witness it. If you chose to bargain with them alone then I guarantee you, that you will find yourself in court or broke because Asset Acceptance is very shady and corrupt!!!

5. Speak to an attorney. Find an attorney who specializes in Consumer Law. I found one who met with me without charging me anything. He took my frantic phone calls for free. Then when Asset violated the law he agreed to take my case on a contigency basis. This means win or lose I don't pay him one penny. I found him through my fair credit's website. If you receive a Summons or court paper in the mail from Asset even if the letter looks like it might be from a law office, you should show this to the attorney AS SOON AS POSSIBLE.

6. File a complaint with the ftc and the Michigan State Attorney General. His office was very helpful to me and they are very interested in hearing about these kinds of violations by Asset Acceptance. They have a file a mile high on Junk Debt collectors like Asset.

7. Do not allow yourself to be violated by this Company! Fight Back!

To anyone who is contacted by Asset Acceptance, LLC about any debt Here is what you need to do:
Before deciding to take any action

1. Read up on the Fair Debt Collection Practices Act. This can be found at the ftc's website
This will inform you of your rights and will tell you what you need to do to protect yourself and avoid be harassed by any Debt Collector.

2. Stay off the phone!!! Do not verify any information over the phone. If this is a legitimate valid debt that Asset has the legal right to collect on then they should be able to show you real documentation (contract, signed agreement) they got from the original creditor that proves this is your debt and that you legally owe them the money. Tell them to put it in writing!!! This will be very important if you have to go to court. Always request validation or proof of any debt in writing. By law they are required to send you this. If they don't do this you can file a lawsuit and make them pay you. ( speaking from experience!)

3. Check the Statute of Limitations for whatever State you are living in. Asset makes a habit of buying very old debt for very cheap that they know is uncollectible and hoping you the consumer will be so nice as to reward them for their stupidity. How dare they! Then if you do fall for the settlement scam and send them any little amount of money they will take you to court and sue you for the remaining balance. Dont fall for that phony settlement letter. It's a scam. State and Federal Laws prohibit debt collectors from suing on out of Statute Debts. If the debt they are calling about is past your state Statutes of Limitations you should send a CEAST AND DESIST Letter telling Asset not to contact you ever again about this. If they contact you after that then they are in violation of the Law and you can file a lawsuit.

4. Never agree to pay anything, I repeat do not give out any banking or personal information, over the phone until you get written validation/proof that this is a valid account. If you are on the phone and being pressured to give out your personal information or to make a payment immediately. Hang up immediately.

Debt Collectors will lie and say anything to get you to send them money right away because they know once you send a payment, you lose your rights to dispute this debt. So think twice before giving your checking info out or credit card numbers. If they threaten a lawsuit (which by the way is illegal, unless they have actually started proceedings to sue you). Then they are in violation of the law.

Even if you are sure that this is your debt and you want to pay it or make arrangements. I believe you should either get the agreement in writing or do this through a mediator or attorney so as to have someone to Witness it. If you chose to bargain with them alone then I guarantee you, that you will find yourself in court or broke because Asset Acceptance is very shady and corrupt!!!

5. Speak to an attorney. Find an attorney who specializes in Consumer Law. I found one who met with me without charging me anything. He took my frantic phone calls for free. Then when Asset violated the law he agreed to take my case on a contigency basis. This means win or lose I don't pay him one penny. I found him through my fair credit's website. If you receive a Summons or court paper in the mail from Asset even if the letter looks like it might be from a law office, you should show this to the attorney AS SOON AS POSSIBLE.

6. File a complaint with the ftc and the Michigan State Attorney General. His office was very helpful to me and they are very interested in hearing about these kinds of violations by Asset Acceptance. They have a file a mile high on Junk Debt collectors like Asset.

7. Do not allow yourself to be violated by this Company! Fight Back!

To the above: no one can consider this kind of harassment/eq. torture techniques, that may lead to harassed person's death- a joke , or funny ?...There should be a security unit that deals w/criminal activity of this sort. There are many articles that tell where all those predatory activities coming from. And the 'chain link bying techniques" of inactive and supposedly 'closed' acct. (which is dealing w/e-business, non personnal one, and no matter what anyone does w/files on software) should be understood by all. Outsourcing add to this, and forcefull endebting of public by unscrupulous persons. Human Rights and law enforcement globally most likely are dealing w/this now.

All I have to say, is as a former employee, you can boast about asset, but they are garbage. I had a debt from 14 years ago that was resubmitted to my credit report in 2007 I fought with the credit agency and asset, and to no avail here I am still dealing with Asset Acceptance bullcrap. As far as I am concerned, the company never contacted me with any proof of a debt, they put it on my credit for an account that was posted in bankruptcy no less. So, if people get nasty, that is why. Please don't act like debt collectors are nice, because they aren't. If someone is a mean ass to you, you are NOT going to respond appropriately. My take anyway. I certainly am not nice to someone who "proclaims" I have a debt and then I find out it was from 14 years, way beyond statue of limitations in New York. Asset Acceptance makes money by buying products from a debt pool. I HAVE A HUGE LAWSUIT AGAINST THEM because by law I had no contact with Asset Acceptance in 2007 for a debt I owed in 1996. FTC does not allow companies to hit credit for no valid reason. They had to eat crow when I proved it was under a bankruptcy...ooops. To hell with your praise. They suck.

i think that the basic bottom line has not been stated yet to this "thankful"-why aren't you still working for them?-employee....just because our government has wrongfully given these so called businesses the right to buy these debts that weren't and never will be their true debts to collect, doesn't mean it is the right thing to do and that anyone should feel obligated to pay companies such as asset. I know i don't. i feel bad i could not pay the debt at the time to the original creditor. i could go on and on.
i do not feel obligated to pay asset or ANY other lower than low collection agency that has merely bought the debt from the oc for pennies on the dollar so they can make a quick buck. my credit was already ruined when i couldn't pay the oc.
i need to stop now or i will say something that will make me have to go to the naughty corner.

they are crap...i made the stupid mistake of making a payment plan with them a couple of weeks ago because i received a warrant of debt and i did not want to go to court..so i call them up and they were like if i paid 300 dollars down and 50 dollars a month the suit would be dropped, but 1.) the amount they are suing me for is 887.00 and the amount they say i owe now is 1200 and 2.) my name is still on the court docket so i will still have to show up to make sure they don't pull an rope a dope on me..3.) am i wrong in thinking that the only amount they could prove was 887 and that is why they tried suing for that amount? My new balance should be 587 not 904. I was told to write them a letter stating what debt i agreed to pay on and the what the balance should be after the 300 hundred dollars. if they do not accept the plan anymore to send me back my 300 dollars and the ten dollars they charged me for using a credit card..any suggestions?

this is 100% correct - take the time to read this thread.