Hi, my name is Branen and I have a similar issue but may not have done the necessary research before agreeing to paying the debt.

Currently, I am making Monthly payments to Asset Acceptance for a Ballys account that went South. I have yet to see a copy of the notice from Ballys about the account moving to collections nor did I receive any telecommunications. Do these facts have any validity?

I asked the Asset account rep if they would exponge the account from my CR, but all she said was that she would list it as Paid In Full. Does my credit score go up upon payment or will it be the same?

I am tempted to rescinding payment on this account, but I fear that I may be hurting myself in doing so.

What should I do? I am 23 and trying to maintain a healthy line of credit and this has not been an easy account (or Collections Agency) to work with!

Please Email if you have any information that may be helpful. I will also check this forum soon for potential replies.

Thank you for your assistance and understanding!

Branen

Yes, file a complaint with the attorny generals office. Everyone, it just might work

I am a former employee of Asset Acceptance. I don't know if this will help you out, but on April 1, AA is set to lay off around a dozen employees in the Compliance/Legal department. Many of them are expected to be workers in the Quality Assurance Department. In other words, these are the very SAME people who are supposed to be monitoring the collectors so that they will not continue to violate your rights!
Also, you should all know that people in the QA department have REPEATEDLY complained that their reports against offending collectors have gone unanswered! In other words, the QA folks say, "Here are the violations we found!" and the supervisors and various powers that be basically say, "We can't hear you!"

I just received a phone call from ASSet Acceptance and hung up on them. I had a Bally's membership in 1999, and had to cancel it when I developed a tumor and had to stop teaching, not to mention I moved back home, which was 60 miles from Bally's. I did not owe them any money and now I am getting bills for over $3,000.
Should I send in my medical report to get these people off my back? Apparently this account has been bounced from one company to another in the past year.