Do they have to prove the debt?
Date: Wed, 11/07/2007 - 12:42
A couple of days ago, I received a letter from asset acceptance llc. The letter informed me that they bought a debt from Sam's Club and that I now owe them $197.00. Well, IF I had used the Sam's Card, I would pay the money I charged on it, but the fact of the matter is, I never even picked up the card from the store! I filled out an application for the card (to receive the free gift) in 2003 and when a letter came telling me that I was approved (and had to pay $30+) for the card, I decided I didn't want it, so I never picked it up.
After telling my story to countless people (I was told to call Sam's Club, WalMart Account Services, GE Capital, Sherman Financial and numerous other people), the issue is still not resolved. I finally told the people at Asset that I want a copy of the contract I signed stating that I would be responsible for annual feel and finance charges, without having the card authorized. I was told it would take them 30 days to get the contract and that I would have to call back and it would take me a couple of weeks to get it from them! Keep in mind that the representative I spoke to from GE said that the debt was bought in October of 2006 and everything (paperwork wise) was sent to Asset.
I am now stuck on how to proceed. This debt is being reported to the credit bureaus every month as delinquent. I am attempting to restore my credit and raise my credit score, so I need this debt removed from my credit report, however, I refuse to pay $197 for something I never picked up, never authorized and never used. Can anyone give me any advice on what to do?
After telling my story to countless people (I was told to call Sam's Club, WalMart Account Services, GE Capital, Sherman Financial and numerous other people), the issue is still not resolved. I finally told the people at Asset that I want a copy of the contract I signed stating that I would be responsible for annual feel and finance charges, without having the card authorized. I was told it would take them 30 days to get the contract and that I would have to call back and it would take me a couple of weeks to get it from them! Keep in mind that the representative I spoke to from GE said that the debt was bought in October of 2006 and everything (paperwork wise) was sent to Asset.
I am now stuck on how to proceed. This debt is being reported to the credit bureaus every month as delinquent. I am attempting to restore my credit and raise my credit score, so I need this debt removed from my credit report, however, I refuse to pay $197 for something I never picked up, never authorized and never used. Can anyone give me any advice on what to do?
Why don't you request it formally with a debt validation letter
Why don't you request it formally with a debt validation letter (you can find a good template in my signature, it's the first link) send it USPS, certified, return receipt requested. That way they have to provide you with that information and until they do they must cease all collection activity. Including reporting it to a credit bureau.
Thanks JCEMT, I am going to try that. From what I have read, th
Thanks JCEMT, I am going to try that. From what I have read, this company has a horrible reputation.