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I received a letter from Alliance Asset Management

Date: Wed, 04/06/2011 - 15:39

Submitted by blog123pdl
on Wed, 04/06/2011 - 15:39

Posts: 9 Credits: [Donate]

Total Replies: 4


I received a letter from Alliance Asset Management, Inc (AAM, Inc) - with a return address in Wood Dale, IL. They are attempting to collect a debt on behalf of LoanPointUSA. I believe I took out an ipdl with them last summer (2010).

When I questioned LoanPointUSA's legality in MI (my home state) the collection rep stated that LoanPointUSA is not a store front lender but can rule under the laws of Delaware.

When I further questioned how the current balanced owed was calculated the rep rudely stated, "ok, we'll request that from the lender, anything else? Good bye."

I don't get a warm and fuzzy feeling that either of these parties is legit - any insight?


You should ask the collection agency, Alliance Asset Management, Inc (AAM, Inc) to validate the debt for you. If they are unable to validate the debt, then you won't be liable for paying them anything. You can send them a cease and desist letter and ask them to stop calling you any further regarding the debt.


lrhall41

Submitted by Anna Sweeting on Wed, 04/06/2011 - 20:54

( Posts: 1827 | Credits: )


I also received a letter from Alliance Asset, who were collecting on behalf of East Side Lenders. I got a call at work on 03/18/11 and sent them a C&D letter as well as a debt validation letter that same day, certified mail. I included a copy of the desist and refrain order against East Side Lenders in the state of CA. They received it on 03/21/11. I have not heard anything from them either by mail or telephone.


lrhall41

Submitted by on Thu, 04/07/2011 - 11:05

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I to received a letter from them today. I had filed a complaint with the OH AG against East Side Lenders this is who they are collecting for. East Side said they would settle for $185 AAM is trying to collect $370. I paid East side the 400 i borrowed. Where can i get c & d letter and a debt validation letter. I have also forwarded all of this to the Ohio AG


lrhall41

Submitted by kane78902000 on Mon, 04/11/2011 - 16:51

( Posts: 56 | Credits: )