Wife being sued by Asset Acceptance LLC need advice
Date: Mon, 08/04/2008 - 15:08
Thanks
I think Asset Acceptance has already scored upon you and your wi
I think Asset Acceptance has already scored upon you and your wife. The moment your wife signed a stipulation, all your claims went wrong. But one thing I can tell you that a collection agency cannot garnish one's wage until and unless a court order is there.
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asset acceptance - problems and how to solve them
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what state are you in rob?some states have capped what can be taken in garnishment.some states TX in particular won't allow garnishments unless for certain debts and yours doesn't fall under that.also they can't take your car unless the debt was secured by it.also on phoenix's point on a court order.asset
acceptance is a bottom feeder that probably won't be able to get that court order anyway.
Unfortunately they got the best of her when she let fear make th
Unfortunately they got the best of her when she let fear make that financial decision. I would not pay them anymore until you had a settlement in writing. Unfortunately, when she made that payment it kind of messes things up. I believe it would reset the SOL. It also shows intent and acceptance of the debt. Everything was verbal so they could even say they had no agreement and you were just making a payment. I would try to settle the debt at 50% of the original amount that was charged off or less assuming the debt is yours. I would not pay them 50% of their current figure since it is probably very inflated and you already gave them 1k.
The best thing to do when a collector calls is get their name, the company????????s name, the OC, the amount charged off and the amount owed and then hang up until you are prepared to deal with them. I would give them 1 minute to answer that stuff and if they get snotty then hang up. After the answer that stuff you might as well hang up because anything else they say will be garbage and intended to scare you or belittle you.
