2 Asset letters ...a pain in the asset need advice
Date: Sat, 01/16/2010 - 20:29
LETTER ONE: i received an Asset letter the other day on a debt that went bad before 1993 and every year or 2 in the past 5-6 yrs? (since the laws changed allowing these people to collect like this), i get a letter stating that i owe money on this acct. the other thing about it is the acct. is in a prev. married name that i have not "owned" and changed when i got divorced that same year-1993. and as you have figured out, it is way out of sol. i am in texas by the way and the debt was for a credit card even tho they are calling it a mail order thing which it was not. this is the first letter i have gotten in a while.
i just received this letter last monday and they did not state that i have 30 days, blah blah blah. they did say i had until jan 30th and the amt. was figured sometime in dec, 09?
now my thought is, why cant i send it back, "no one at this address (since in prev. name and i have not gone by that last name since 1993), return to sender." would that work? or should i dv them?
I have already resealed the letter (looks like it has never been opened) so do not want to reopen in case i need to definitely dv them. i realize that all names a person uses is on their credit report but can asset "see" that? since they are not giving me credit but trying to collect a debt?
LETTER TWO: I received another letter today from Asset, in answer to a request for validation from them on ANOTHER/DIFFERENT acct. that is also sol in my state.
like in a prev. thread today, somewhat about the same thing, they sent me a page titled debt validation. on this page they have included the name of the oc, which had already been stated in their prev/1st letter, org acct#, the "balance", with principal, int. added and fees<<
ok need to know how to reply to letter #2 also-they are late in getting the letter to me? OR cease and desist? OR a letter stating they did not validate everything requested-especially the sol request and maybe a few others-got letter from this site.
i love and have used the dv letter here and has been useful, but isn't it by law that they only have to answer the very basics to validate? one should have been the sol so how can i use this to my advantage?
please be very clear on what i should do for both cases above. i appreciate you having to read all this but this is about as short as i could make it. thanks for keeping this site so helpful!
with the debt being out of SOL and from so far back You should c
with the debt being out of SOL and from so far back You should contact the bureau(s) Better Business Bureau and the FTC. They are buying junk debt to increase their cash flow portfolio. I have personally been successful in eliminating these debts by using the bureau(s), FTC and BBB to complain and have the issues removed and redirected to my EX-husband since he originally created the debt, nonetheless I live in a community property state which holds me liable.
Another thing you can do is certainly tell Asset that this is out of SOL and should no longer be an issue. What will happen next is the next junk debt buyer will contact you when Asset sells the debt. This may result in less than legal tactics.
Contact the bureau(s) and dispute this debt as SOL, if they exist on your credit and indicate that you have not or did not receive a satisfactory response to DV.
