Debt settlement

Date: Wed, 02/25/2009 - 07:56

Submitted by dianeinflorida
on Wed, 02/25/2009 - 07:56

Posts: 24 Credits: [Donate]

Total Replies: 5

I owed household bank 1600, they sold the account to Asset Acceptance LLC, who responded to my offer with a form letter stating "In an effort to help you resolve your past due balance, we aare offering the following suitable arrangements..." you get the gist, Payment in full enlocsed, or Make payment arrangements. I simply cnanont afford 1600 or payment arrangements wish is why i offered less. Can anyone help? Is there a second letter to send?

Can you mention the state you live? Also you should check whet

Can you mention the state you live? Also you should check whether Asset Acceptance is licensed to collect in your state .

some complaints against them are -

they tend to contact the wrong person
collects old debt
reports to CRA without informing the consumers

other's settlement experience with
Asset Acceptance

lrhall41

Submitted by bakerjon on Wed, 02/25/2009 - 21:16

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Debt settlement can decrease your debt by 50% or even more.

lrhall41

Submitted by on Wed, 02/25/2009 - 22:26

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I live in Florida

lrhall41

Submitted by dianeinflorida on Thu, 02/26/2009 - 05:50

( Posts: 24 | Credits: )

When was the last time you made a payment to the original credit

When was the last time you made a payment to the original creditor? If it has been more than 4 years then pay Asset Acceptance NOTHING!!!!!!

In the letter they sent you, does it have a 30 day disclosure giving you the right to dispute the debt? If it does and it has not been 30 days yet, send them a debt validation letter.

lrhall41

Submitted by pokertramp on Thu, 02/26/2009 - 05:59

( Posts: 512 | Credits: )

SOL in FL is 4 years on store CC's (Sears,etc) but 5 years on Ba

SOL in FL is 4 years on store CC's (Sears,etc) but 5 years on Bank Cards.

lrhall41

Submitted by NASCAR_Devil on Thu, 02/26/2009 - 06:13

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