Asset Acceptance Complaints - Know more about them

Don't be scared of the word fraud. It doesn't mean you are commiting fraud it means that there is a possibility of someone else useing your information.

Actually in a way I took your advice FYI. I got to thinking today while at work that I could go to the police station and file a charge of fruad against Asset Acceptance. Fact is First National Bank of Omaha never once tried to get me to pay that debt it was only after Asset Acceptance bought the debt they suddenly decided it was mine so I figure I will just file fruad against them.
Funny thing though my wife beat me to the punch. She called them up today and talked to them. I guess she found out that whoever had opened this account was using some P.O. box for his address or something like that and she informed them we had never had a PO box not even during the years I had been in service and we had lived overseas. I guess she also found out that I guess this debt does not even appear on any of our credit reports. It seems as though after Asset Acceptance bought this debt they didn't know who it belonged to and we think they just mearly mailed a collection notice to everyone that just happened to have my name and who lived in the Kansas City area hopping that one of them would just suddenly pay the bill. She informed them that we were not going to file a claim of fraud against First National Bank of Omaha because they had never tried to collect from us nor had anyone stolen our identity and that if anyone was going to be charged with fraud it was going to be Asset Acceptance. The person she talked I guess went away for a long period of time and then came back and said that they were closing this debt and that we did not owe it. My wife replied and said we had been told that all ready 3 times before. He promised the account would be closed and that they would send a letter outlining that the debt had not been ours. My wife then further informed then that if we got contacted anymore at all about this matter (except for the letter) that we would then be taking this matter up with our lawyer. Who knows maybe they will stop harrassing us now?

bally fitness is a f***ed up company....i went through the same issue. I thought it was a free trial.. but they billed me later..put on my credit report.

I am having a huge problem with Asset Acceptance and it has gone on for the last couple of years. According to them, I had an account with Providian Financial that began in July 1999 and was turned over to Asset Acceptance in 2003. When I looked at my credit report, the information about Providian says they were paid up until August 2004. I have been hassled by Asset Acceptance before and when I asked for my records in 2003 they told me that they would order them and I would have to pay the debt in full. I told them to send them and they never sent me any proof of this account. I was also told that they talked to my wife in 2003 but I did not get married until 2005 and we were not even together at that time. My wife and I have just refinanced our house and now Asset Acceptance shows up on my credit report saying I still owe them this money. When I called them again today, I remained calm and asked that they show me proof of this account. I was then given the same speech about how they would order them but I would have to pay in full once receiving the documents. When the CSR asked me my intentions, I simply told her that I required the documents and I would take the next steps in resolving this situation upon receiving proof of debt. The CSR tried to get confrontational and tell me how that all of a sudden I am calling them because I refinanced my house in September/October and I saw them on my credit report and was just now calling them. They did not report me until this month. It was at this point that I was hung up on. Sorry for the long post, but this is so frustrating. I feel like I am being shaken down by criminals. What should I do from here?

These jackals have been after me too. What bothers me is that even on very old debt AA (on Experian) publishes as an active date the date they took on the account. So a debt that is 7 years old looks new on Experian when they list it and the actual date of last payment (for SoL) purposes is not shown.
I am glad I found this site because I thought AA was a business to be taken seriously...now I know everyone has problems with these scumscrubbers...

There is no such thing as a free trial if they are asking for credit card or banking information. Not to mention the fact that Bally's has you sign a contract in getting a "free trial". You get like 10 days to cancel the contract, with would be your free trial period.

please advice me..i have a huge problem with this same credit agencie as of today i just found out they put a hold on my checking account they have been harrassing me for years for an account from providian bank wich they bought from providian. that account was charge off and it was deleted from my credit reports and now it was put back on my reports by this company name asset acceptance llc company but now they have a law firm call SHarrin & lipshie. P.C. representing them. is this legal for them to put a hold on my checking account if not how can i fight this...

Hi, I called and talked to Human Resources.
Here is their Physical Address.

28405 Vandyke
Warren, MI 48090

I received a call from AA around 2 months ago stating that I owed a debt of $242 for a Bally's Account from 1991. I had not received a letter regarding this, so I told them I didnt know anything about this debt since it was over 15 years ago and for them to send me a letter regarding this debt.

I recieved a letter on December 7, 2006 stating that I owed this debt to DAIWA and it had an account original account # and a new account #.

I followed the advice here and sent a valadation letter in the format provided on this site with my info. I sent it certified mail, return receipt to

PO Box 2036
Warren, MI 48090-2036

On Jan 18, 2007 I revceived a second letter which basically stated what I owed and showed the original amount and what the interest was.

No other information was provided. Again the Debtor was listed as Daiwa, I have no clue who this is or if I even owe a debt at this point.

I checked my Experian CR and found no hit by AA. I plan to check my other CR's this evening.

I had read on another site that it is important to have the certified letter # written on the letter...to help prove you sent it.

My question is since they did not fully respond to my request, should I keep sending validation requests is there a sample follow up letter that I should send stating that they have not responded properly and I still need validation. If the SOL is so far out (15 years) should I send a letter stating thus, and if so is there a sample format I should send?

I appreciate any and all help.

FYI...I read some financials about AA and it is stated that they purchase debts for around $ .02 to $ .03 on the dollar. Meaning a $100 dollar debt they would pay $2.00 to $3.00 for.

There stock seems to be doing well...I say in the mean time purchase some company stock from them...make a little money in case you have to pay any debts.

Also FYI...I had received a notice of a class action suit for Arrow Financial relating to the purchase of accounts that have past the SOL..specifically related to BAllys.

If memory serves me correctly y'all, Bally's Fitness Center(s) was sued by quite a few states back in the late 90's for this very subject being discussed here. I'll hunt around & see if I can locate that info. Bally's was fined quite heavily. If they've sold off their client lists from the 90's.....hehehe! oh boy!

It is more likely that their debt has been sold over and over again. That is how those companies get around being sued in class action cases...they just sell the debt, or create new companies and sell the debt to them, etc..

time to shut 'em down don't ya think?

Does anyone know if there are any pending class action cases against AA in CA or elsewhere?

I was still wondering if anyone had any information for me on what to do next.

I am sending a second validation letter...in more detail. I dont know who that company is or if I even owe anything.

If they dont respond to my second letter should I just not do anything?

I dont want them to start hitting my Credit Reports if I just ignore them...I also dont want to send a ton of certified letters at $5 a pop....it sort of defeats the purpose of not paying them money I dont owe.

how long is the statue of limitations?

The SOL in CA is 4 years...and the reporting time to my Credit Report is 7. IF the alleged Debt is valid. I believe it is from the early 90's, well out of the SOL.

I am sending another validation letter today...than when they dont respond I will send a cease and desist letter.(certified of course) and just leave it alone...unless they try to take me to court. Being that it is less than $300, I doubt they will. I will just have to keep an eye on my Credit Report.

There is a lawsuit against bally's because they are doing this to many people,try to find out and maybe you can join that group. Ballys have all your info and without asking they renew your membership without informing you or without your consent