Asset Acceptance Complaints - Know more about them

hey, listen to this a 15 year old dept unpaid.
Now all my funds are frozen.
aparently i was sued and lost with no idea it took place.
now in order to free my checking acount,savings and biz,i need to pay five thousand dollars and change!
be on youre gaurd!!

I recieved a letter from this company for a phone bill a few years ago for $1408.00. I have NEVER had a phone bill over $200 in my life let alone this amount. They have been VERY difficult company to deal with and do not seem to want to fix this situation. Finally one lady from there tells me that they do have my final bill and it is only $75.00 and that they will do an investigation and look into what happened and a few months later I am still dealing with this no word from them unless I call them....still trying to figure out where this amount came from meanwhile it is on my credit report.
I will not stop until I get it taken care of but as to any of you out there recieving anything from them for a debt owed...LOOK INTO IT!!! Never take what they say as fact because obviously they are a company full of shit and trying to scam people out of hard earned money! Thank you for the letter posted that helps a person to know what there right is as far as information about there debt owed.
Kimberly

please i would like to know about this problem on my credit report this company names shows as collecter and how can i contact with u please is there any # i can call please email me back soon thank you!

one place to check out to find information to hold asset and other junk debt buyers to the law is budhibbs.com it is very informative. we need to fight back and hold these collectors accountable for there illegal actions.

This is a Fraud company. They say they are collections and have been doing this since 1962 but they are full of S@!$. They contacted me about a Bank of America Account from 1994 and said that the original amount owed was $2600, and since it has taken them this long to find me I now owe $6500. I have never banked with BOA and I got an police report and a Identiy theft affidavit and sent it to them and they still want to settle for half the money, when they know its not me. DON'T GET TRAPPED AND SUCKED INTO THIS SCAM. WATCH YOU BACK PEOPLE..!!!

We have a DV letter going to these folks for my husband. He has been being harassed by them for over a year now on an account that he knows he paid with Providian. Even if there is a chance he may have not paid it, the SOL is well expired. In Texas, the SOL is 4 years, and we have been married over 5 years. During our marriage, he has never had an open account with Providian.

Reading some of the posts on these guys has me a little worried....I mean, all this talk of frozen accounts and garnished wages without ever seeing a summons! My husband an I have worked really hard to clean up our credit, and get where we are today. The last thing we need is some scam company getting a shady judgment that would force us to default on our current accounts that we are working so hard to pay off! I will definately be watching our credit reports and such very closely!

Now Asset likes to hire lawyers and they wont even settle with a fair amount or a fair amount of time. For companies that buy these debts for pennies on the dollar, i dont think its fair - but we are at the mercy of collection agencies and the lawyers they hire.

what is the statue of limitations, how many years?

WOW I knew Assest Acceptance was a shady collector. I'm grateful I found this site. You see, about a year ago my husband started getting letters from then stating the he owed a debt to SWB. At that time I pulled his CR's and disputed the debt. Also requested they not call and only send letters. Did not receive any validation back and no more letters until now. My husband received a call at work, and he was unfamiliar with the shady practices of DC and is not sure what was said on the call because he just wanted them off the phone so he would not get in trouble. So when we get a letter about a week later stating that he supposedly made payment arrangements with them I was quite surprised. He is not entirely sure the DC didn't ramble off some sort of payment arrangements and he just said fine whatever and hung up. So now I'm guessing my next step is to try to dispute the validity of that call and see if they have some kind of proof that he specificaly said yes to the debt and then go from there. If anyone has any other suggestions I would be forever grateful.

Thanks for all the info. My husband just got a letter from the Law Offices of Mitchell N. Kay, P.C., saying that he owes $1899.87 to Asset Acceptance, LLC Bally's. We've worked hard to pay off all debts since we've been married (2 years) and I know he had a problem with Bally's about six - seven years ago. Doesn't this pass SOL? (We live in California). What should I do?

SOL in California is 4 years. Asset Acceptance is not licensed to collect in the state of California and the California Bar Assoc has no Mitchell N. Kay in there records as having or ever having a law license in California.

Definetely send Asset and th lawyer ad DV letter and make them prove the debt. you can find a good letter on this site.

Darcy--

cellular is correct--there is no attorney by that name legally allowed to practice law in CA. Could you post the address that this law office uses as their own, from the letter? I would like to check some other things out for you on that.

I agree with the DV letter, but at the same time, if they made this much up, they can make other things up too. It has been done before--collectors claiming to be attorneys, etc etc. If this lawyer is using a california address, then it isnt a real lawyer. Plus, I can find out info from the state he claims to be from, if outside CA.

But bally's is a mess. I dealt with them myself, some years back. The contract I had was cancelled, and I never went back to their gym again. But a couple years later they wanted me to pay them a large amount of $$$....and it took me quite a while to finally get them off my case. They arent the sharpest tool in the shed, I'll tell you that much....

Skydivr and cellular,

Thank you for your quick responses! I sent off a letter to prove debt, SOL, and a few other things with a letter on the site. We'll see what comes of it. BTW, the address I mailed to was in NY (The law office) Also, does anyone know what P.C. stands for (As in The Law Offices of Mitchell N. Kay, P.C.)?

Darcy--was this the address?
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Mitchell N. Kay is a member of the NY bar Association. However, he is NOT licensed to practice law in California, where you live. There isnt anything in New York, as far as I know, that can be done, but you CAN contact the California Bar association and inform them that this attorney is trying to operate within California, where he is not a member of the Bar. An attorney is required to be licensed in each state he wishes to practice in. And this one clearly isnt.
OK, P.C. simply stands for "professional corporation". Attorneys use that because their corporation is subject to more strict rules than a regular corporation, because they are lawyers and must submit to a code of professional ethics.
Also, go to budhibbs.com and look up both Asset Acceptance and Kay, Mitchell N. under the heading "Agencies to avoid" at the top of the page. Both of these are bad news, they dont follow the law. I highly recommend that you go to that pag and read up on the info there to protect yourself as much as possible.
If this was happening to me, I migh push harder than the average bear because I have a serious problem with people like this. If it were me, I would send off a certified letter telling them that they are to only contact me by mail. That way, you have everything they try to tell you in writing. You can count on these people breaking the law, they have made a living out of doing that. You sending the DV letter was a good step--let them prove their claims to you. I would immediately check your credit reports-both this collection agency and this lawyer are well-known for illegally changing the dates on your credit file, so it looks like the debt would still be within SOL when it really isnt. If you find anything like this, feel free to post about it here and we will help in any way we can.

--I never signed a contract.--

We wouldn't be collecting on you if you didn't sign a contract. Just pay up.

right, guest, because no debt collector has EVER tried to collect a debt from the wrong person before, or knowingly tried to collect a fake debt....