Superior asset managemnt having problems??

From Bud Hibb's Website

Superior Asset Management has been purchasing old debts from T-Mobile. They might be having a close affiliate system. Superior will contact you about some debt purchased from T-Mobile. When you ask about the account info, they will be reluctant to give you anything. When you contact T-Mobile and seek information about the accounts, they avoid stating it to be against privacy rules.

I hope if Superior Asset Management is shut down, T-Mobile can also be targeted for shady business.

They have listed a false date of last activity on my credit report, which is very illegal. The last date of activity was in April 2001, and they put Sept. and Oct 2004 as the last date of activity. I am thinking about filing a lawsuit against them. The was an old Voicestream account of mine that I had disputed with VoiceStream, and had not paid because they were bogus charges. This had never been on my credit report until Superior Asset Management, Inc.falsely added it. They can no longer legally collect the debt, as the statute of limitations has passed, and they haven't called me or sent me anything since before it showed up on my credit report. When I first noticed in on my credit report I left it alone, as the statute of limitations still had about 8 months left on it, but now I am ready get it removed. I am sure I could simply ask them to remove it, but I am pissed that they think they can break the law and get away with it. Maybe I should complain to the FTC and get them fined.

Date of last activity is really irrelevant in the grand scheme of things. The important dates are the DOLP and DOFD. Date of last payment starts the SOL clock and Date of First Default start the 7.5 federal reporting period. Unless you live in WI or MS, they can legally attempt to collect the debt until the debt is paid they just can't use the threat of legal action (they can sue and hope you don't show up in court but you have a affirmative defense, SOL, to the suit). From what you're describing, you don't really have a cause of action to sue and 1 complaint to the FTC will not likely result in even a slap on the wrist.

From the dates posted, I would think that this is past the 7.5 years from DOFD and therefore you should be able to dispute Superiors tradeline as obsolete.

I got the address from BBB.
Superior Asset Management, Inc., denied they have business address in California.

www.niraschwartz.com