Asset Acceptance LLC - how do they collect debt

When you met with their representative at the courthouse, did you sign anything? Check your paperwork and see if you have a copy of a Stipulation of Judgement. If you signed this, and then defaulted on your payment arrangements, then they had a legal right to affirm the judgement thru the court.

As far as I remember...I didn't sign anything with the mediator that was there on their behalf. I did however, sign paperwork for the agreement that I faxed to AA. Remember, the mediator and his contact at AA...neither had copies of my paperwork although I was told they had it. He made a copy of the agreement at the courthouse, but I don't remember signing anything for him.

I just settled with Asset Acceptance for 25% of the original debt. I think this is the lowest they go. i would recommend giving it a try if you are still within the Statute of Limitations.

Indiana has laws regulating computer generated calls as well as "do not call" legislation.

AACC uses "skip search" software that generates calls to numbers listed with the same initial and last name or even names that sound like the name of the person they seek. They may call many people that have a common name. When they call 25 people they have to know that 24 of them are the wrong person. Whether or not the bill they are trying to collect or not they are making "solicitation" calls. The calls are completely untended by a person and are illegal under Indiana code IC 24-5-14

Please file your complaints of such intrusions into your privacy to the Indiana Attorney Generals Office. Do a Search for "do not call Indiana and find the forms that may be printed or filed online.

Good Luck. AACC deserves to be put out of business now!

So I delivered my paperwork to the courts and then mailed copies to AA's attorney like was requested of me. I included with my paperwork to AA's attorney, a cease and desist letter requesting they no longer contact me by phone and that I'd like all further contact in writing. I made sure to point out that I wanted this because I've been lied to and they tried to trick me. Well, guess who's tried calling me three times in the past two days? (So far.)

Where should I go next? Should I call them back and get a fax number to send them the c&d letter again along with sending them another in the mail with proof of delivery?

YOU PEOPLE ARE FUNNY. I LOVE IT WHEN PEOPLE SPEAK UP ABOUT THINGS THAT THEY HAVE NO CLUE ABOUT WHATSOEVER. YOU SHOULD PROBABLY READ UP ON THE LAWS IN MAINE BEFORE COMMENTING ON THEM. THE ONLY CORRECT THING THERE IS THEY AAC DOES NOT HAVE A LICENSE IN THAT STATE. THEREFORE, THEY CANNOT CONTACT YOU BY PHONE OR MAIL. SO WHEN YOU SEND SOMETHING IN REQUESTING VALIDATION OF A DEBT, THEY STILL CANNOT REPLY TO IT OR THEY WOULD THEN BE BREAKING THE LAW. BUT JUST BECAUSE THEY DONT HAVE A LICENSE THERE DOESNT MEAN THEY CANNOT REPORT A TRADELINE THEY PURCHASED FROM AN ORIGINAL CREDITOR. NEXT TIME KNOW THE LAW BEFORE YOU ATTEMPT TO QUOTE IT.

Read the fdcpa!!!

i got a call for a 750.00 debt owed by me from them reguarding an account from aug 2001. i checked my CR report and saw that it is on there. when i called back they tried to make a settlement deal. what is the SOL on a debt like this? i believe it's from a credit card, but not sure. they just would say it's from citicorp? how can i get this off my credit report? i'm affraid that they'll keep calling now... what can i do in advance to keep this company at bay and restore my credit?

Send them a DV letter along with a CD letter by CMRRR, they will stop contacting you.

What state do you live in? SOL is state specific. Reporting period is 7.5 years from date of first default so if this is from 2001, it should be close to dropping off.

How long is the sol for credit card debt? I am dealing with asset acceptance trying to collect a debt that my daughter ran up about 10 years ago. They placed a point on my credit report without notification. My daughter doesn't have a problem paying in full, however, they never leave a message on her phone with a number to call, and they call me and say she hung up on them after she answered. I know this to be a lie. My daughter doesn't care who it is that is calling because she does answer and will "tell it like it is." She will pay the bill because she knows it is hers and is in a position to do so now. They are sending me letters now with a reduced price to pay off the debt but I don't know now if this is legit. What do I do?

I live in Michigan

What state do you live in? When was the last time a payment was made on the account?

Ah I love AA. So after all was said and done with them getting the judgment on me...they offer me a deal. I received a letter from them offering me 50% off. My payment would be around $1600 and they'd send me a letter saying my account was paid in full.

They must really be desperate for my money, lol.

Either way I'm going to call them and tell them that if they can extend it into next month I'll take the offer. If they agree, that's one third of my debt knocked off.

WOW.. Its amazing how much this company gets away with..

I was just served a summons by Asset and they are suing me for an OLD CC account. But what they did is took the chargeoff balance from CitiBank and then got the amount of interest that was INCLUDED in that chargeoff amount and are suing for it separately!.. (I know this sounds confusing.. but I will break it down with some random #'s)

Say Chargeoff Amt was $5,000.
They are saying that purchased Interest is $3,000.
So TOTAL AMT DUE IS $8,000. (when is reality that $3,000 is already INCLUDED in the $5,000 chargeoff Amount!)

Thus trying to DOUBLE their "collectible interest"

Iam countersuing for sure, but we are still in litigation, so we will see how it goes. Not to mention I never got a dunning letter, and they served a wrong address (a rental property I own), even though on THEIR own paperwork they have my correct address. Not to mention several other FDCPA violations, including having their attorney send me a letter saying if I didn't agree to a Default Judgment in the amt of $10,000 then they would NEVER let me make payments on this debt .. they would garnish/sell my stuff!(Even though they are only suing me for ~$6,500!!!!!! Ridiculous

Asset Acceptance called ny childrens school claiming they were doing employment verification on me. They were looking for a cell phone number. When I called to see what they wanted the service rep hung up on me twice and then told me to have my lawyer call them back. She would not give me any information as to what they were trying to collect.

They have been harrasing me for years now. This is on a very old debt that goes way back to 1990. I live in CA and I believe that there is a time limit. They even slam dunk us in CA, saying that none of us pay our bills.

I received a summons today from my local court from Asset Acceptance LLC in Warren, MI. I live in NYS. The summons does not require me to appear personally but to "answer" to the two causes of action. The credit card debt includes interest. and it is a valid debt. However, I have been out of work since 9/05 and began receiving disability in 2/06. The date of the debt on the summons is 12/31/06; probably when this debt went into default with Chase Bank. The summons is dated 3/30/09. My local city court date stamped their receipt of it 4/7/09 at 10 AM. The summons was served to me in person (it's a xeroxed copy) today, 4/21/09. You advice as to my next move? Thank you!