Asset Acceptance Complaints - Know more about them

I have recieved a letter from your company stating that you have purchased an account.
original account # 773897026****
asset account # 23869**
I have no clue about either account. who the original account was with, what companey, when did it open.
my e-mail is
please advise via e-mail
thanks

email address removed as per forum rules. Account information deleted for your personal safety - Vikas

Please check out

For more information on asset acceptance, LLC and their Fair Debt Collections Practices Act violations/ lawsuits.. If there's any more questions you have, reply, and I might be able to help.

Sorry!

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Mohialdin

You need to contact Asset Acceptance for the account that they are holding. I do have their phone number. It's 586-939-9600. Please call them and get information on this account.

I have reviewed my credit report and this old account that asset acceptance says i owe does not appear and it looks like they have not reviewed my account either. Now the date is drawing near they said i have to pay the amount. What should I do?

Hi Joe,

Welcome to the forums.

Your debt has way long passed the SOL period. Although expiry of the SOL does not restrict the collector from making their efforts, but you have the legal rights to dispute it. You can thwart off collectors and lawsuits coming in your way. You won't be legally forced to pay it and thus escape being sued.

Not placing the dispute in the proper time will actually put you in legal troubles.

Please have a look at this thread for a broad explanation. You will understand the reason of placing a dispute on an account that is considered so important. Asset Acceptance usually purchases such age old debts, so it becomes even more important to view the topic given below

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

Regards
Roxette

Asset Acceptance is terrible company! My brother had a past due amount of $900. Whatever he didn't pay he would have paid and that is his problem. They have all of suddenly called my cell phone and had said they're collection company and I must pay the debt of $900. I had no idea what they were talking about at first so I checked my social security number and it was same with mine. I asked my brother if he had put my S.S. # and he said no. Very frustrated, I have checked my credit report online. And there it was, my good credit all of sudden messed up because of it.

Now I have poor credit and I have no idea why they are doing this to me! My brother nor I have given them MY S.S.# OR MY INFORMATION AT ALL!!!!! Are they allowed to do this by the law?! I don't know what to do! Please help by telling what I should do!!

Hi Kim

Welcome to the forums.

You need to handle this situation in the proper and legal way otherwise the debt collection calls will continue at your end. Since someone has already used your SSN# and acquired credit, you need to collect evidence that were used in the crime. For example, the social security number and the last name, the address/phone number that were used when the crime was committed. You need to gather some information so that the law enforcement agency can take specific legal actions.

File a police complaint at the place where this crime took place. It is very necessary to inform the matter to the police as you might have been a victim of identity theft.

Inform the original creditors about this identity theft. You will have to show the police case number for this purpose or sign the fraud affidavit. Send a copy of it to the collection agency as well. They are required to stop calling you after receiving your letter.

Write a letter to the credit reporting agency and inform them about this fraud. You can place your file under review for fraudulent entries so that it can be challenged and ultimately removed from your file.

Cancel the accounts that you suspect to be used in doing fraud. You need to notify your financial institution about this matter so that they can take appropriate actions.

Visit your local Social Security field office. Explain the situation and request them to change your SSN#. Show them each and every proof you have of this identity theft. They will review the matter and will make their decisions. There is no fee.

I received a "debt due" notice for Montgomery Ward??? from this"law firm" representing asset acceptance llc I called the number1-888-571-1190. The third person I spoke to (after being told 'they have my social security number' and "then someone is using your social" was an upstart and left me feeling violated. I NEVER used a Montgomery Ward Store (I am in Boston area) and NEVER would give my Social Security Number over the phone AND my hard credit report shows nothing in 1997. My score is over 800 and that is with TWO ERRORS even. I am totally frustrated and fear for those Elders who will have sleepless nights, health problems and possibly worse over this...not to mention the prospects of someone retired going without necessities to PAY THESE UNOWED DEBTS . Help!

ForeveryoungMI,

Has the company sent you the details of the debt in writing? Since you have never used a Montgomery Ward Store, simply place it on dispute with the agency. Your credit scores are very good. Monitor your credit report regularly. This company might try to hit your file. Do not let them do so, otherwise your scores will fall down.

Your only way out is to dispute with the agency. Keep everything documented so that you have proof of all your correspondence. Send your letters through certified mail with return receipt requested. Take some legal advice and if you are unable to resolve the matter, look for some professional help. This site offers counseling free of cost.

Thank you. I am annoyed that I must contact them at all! This takes time out of MY LIFE (our lives) to fool around with the Tom Fooleries of this world. I guess, at your suggestion, I must write to get the FRAUDULENT details. What is your take on class action suits? Shouldn't these people be stopped? Thank you again and Blessings

Yes, legal actions can bring such collection agencies in control. We all should file a class action lawsuit against them. Recently, I read in some article that FTC penalized two big collection agencies for their unfair activities on the consumers' accounts

Does your reference to "Agency" mean the "Law Offices" who sent the letter?

Yes, I mean that only. Look for a lawyer who specializes in the lawsuits of fdcpa and FCRA violations.

To Mrs Robinson I am with you on a lawsuit against Arrow I have tried to get the people here in Dayton Ohio but they are afraid to call me back for they think I am a part of Arrow they are Wall street people and they buy old charged off accounts and put it on your credit report as if they gave you a loan I really want to sue them. I do know that there is a lot of lawsuit against them and case was won I do know that Joanne Faulker did a class action lawsuit in Connecticut and won for 78,000 debtors. Please get in contact

email address removed as per forum rules. Phone number removed for your personal safety - Vikas

I have excellent credit - 775. I got a letter in the mail on Friday from Asset Acceptance Corporation stating I owed some $291.82 to WFNNB/New York & Company. I immediately called because I thought my ID had been stolen. I was informed that this was an account I used to have and in 1993 I charged something in December and paid $100 in January of 1994. They didn't tell me my original balance, but said that I owed the money because I was paying 18% interest for the past 12 years. I have never had anything written to me regarding this account. I think it's a scam. I DID have an account with something similar when I was 18 or 19, but I know I've paid everything off. Does Asset have any right and what can I do to fight this?

bossyjones

Write a letter to Asset disputing this item and request for a verification with the original creditor. They have to verify your dispute with them and give you the legitimate proof that you owe it. Besides, since they mentioned that the last payment was made somewhere in January in 1994, this debt is automatically past the SOL period.

Once the statutes expire on a particular debt, you are outside any legal actions that can be taken against you. So, dispute on the basis of SOL will also be helpful to prove your point. Keep in mind, any payment agreement or a payment to this account will renew the SOL from the beginning. Then, you will have to accept this debt legally and make the complete payment if directed by the court.

Your possible recourse at this point is to place the item on dispute. Send your letters through certified mail with return receipt requested. You will have proof of all your actions taken in resolving this matter.