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 Posted: Thu Aug 10, 2006 10:30 pm Subject: another asset acceptance issue |
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I was shocked to find so many compaints about this company while researching my issue! Here is my situation. I received a letter from them November of 2005 saying i owed a balance of $2245.50, of which I had no knowledge. When I called them, in between the bullying I managed to get the information that it was a visa account supposedly opened in 1996 with the Associates Bank and paid until 12/97, with a balance of $1308.22. I do not believe this debt is mine and it does not show up on my credit report from any of the 3 agencies. When I sent a letter requesting verification they basically just sent me the same information, but nothing that helps me see that this account ever belonged to me. I have not heard from them since. Should i pursue this in any way, or just wait and hope they do not contact me again?
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shoogabomb
Joined: 10 Aug 2006
Posts: 1
Debtcc Points: 35
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| Posted: Fri Aug 11, 2006 1:57 pm Subject: |
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Hi shoogabomb
Do everything in writing until you have covered your basis. If this debt really belongs to you, it must be way out of the SOL period as you have not done any payment in the recent times. Also, Asset Acceptance will do something fraudulent by entering this account in your file now. Don't let them tarnish your credit for wrong reasons. Make sure that you have not done any payment that renews the SOL. Also, keep in mind that a small payment in the future will activate the SOL again and the chances of reporting in your credit will become more prominent.
Put a request in writing to Asset Acceptance that you want to review this account with all details obtained from your creditors. You want to make sure if this account is really having the genuine information. Once you have received everything in writing, send a letter notifying the SOL period. This will ensure that you are aware about your legal rights as per your state laws and you have genuine reasons to refuse payment. Even if they intend to take the matter to the court because of your denial, the judge will rule the case in your favor and the CA will have to bear all the court costs and fees. Do send all your letters through certified mail with return receipt requested, so that you can track every action.
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Justme
Debt Samaritan
Joined: 19 Jan 2005
Posts: 502
Debtcc Points: 8026
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