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threatening letter from Asset Acceptance

Date: Sat, 02/25/2012 - 23:33

Submitted by texaslady59
on Sat, 02/25/2012 - 23:33

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Total Replies: 3


Hi, I got a letter from Asset Acceptance saying they would place my account with an attorney in my area, but that no attorney has been notified at this time. The debt is 1090.68,which is mostly interest. The debt is over 3 years old. I was unable to pay this because of divorce. I do not make much money,and barely make it. The SOL in Texas is 4 years. Even if they take me to court, I still can not pay. And I have heard that trying to make payments is a joke with them. all kinds of things can happen. Could this be a scare tactic from them? What is the first thing I should do? I do not have a home phone or I,m sure they would be calling all the time. I have read that in Texas they can not hold your bank accounts or garnish your wages. Any advice would be appreciated. thanks


So, what do you think I should do first? Send them a letter asking for proof that this is in fact mine? Ask for original contract of this debt? My last name is no longer the name they sent this to, I changed back to my maiden name. They must not know this. does that matter? I could say this is not me? Of course I would do registered mail,with return receipt. could this drag out beyond the SOL ? and then they could do nothing?


lrhall41

Submitted by texaslady59 on Sun, 02/26/2012 - 11:07

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The closer a debt gets to the end of its SoL period, the jumpier the collection agency owning the debt would get. First send them a validation letter. If and when they reply, you will need to settle the debt. Given that the debt is pretty old, you could try and successfully negotiate the debt amount to be re-payed.


lrhall41

Submitted by StevenDoyle on Sun, 02/26/2012 - 22:10

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