Questions about Asset Acceptance

Hi

Asset Acceptance is a collection agency located in Warren, MI. They have been famous for their illegal collection activities and false representation of the accounts. Most of the times, they don't have any legitimate info because they purchase age old debts and attempt collections on it.

If you are being called by this company, know your legal rights and the rules put down in the FDCPA. Ask the company to validate the debt in writing so that you know the company for which they are collecting.

If Asset Acceptance has your info, they can run a credit check and see your file. Besides, they can see your file anytime but don't have the rights to touch it without legitimate reasons.

Thanks for the information.

I sent a debt valadation letter. The debt they claim is mine, is too high to be mine. :shock:

RSB, Asset is a third party collection agency and because of their tactics and multiple law violations, they are not to be trusted. Whatever accounts you have twith them can be dealt with through the original creditor.

QUESTION:
Can I tell Asset that I am going to be dealing with the OC? Asset says they own my debt.

Yes you can. Asset doesn't own sh!t and they lie through their teeth. Don't be intimidated by those charlatans.

I have my own thread somewhere in this forum called "Your rights, cut and dry". I will get the link to you ASAP so you know exactly what all this means, and what you can do.

http://forums.debtcc.com/forums/debtors-rights.html

Here you are, RSB! Take a gander!

I paid off two asset acceptance accounts and had no problems dealing with them at all. I setteled and they reported paid in full.

If you fear of that they are calling about an acct that you do not think they own call the origional creditor to find out where the debt has been placed.

FYI, perhaps your case is unique. You give good advice though.

"RSB, Asset is a third party collection agency and because of their tactics and multiple law violations, they are not to be trusted. Whatever accounts you have twith them can be dealt with through the original creditor."


Asset says they own my account. So, even if they own the debt/account, I can refuse to pay them?

I sent a DV letter. I am waiting for their reply.

Just because they say that doesn't mean it's true. You can negotiate with your original creditor, and you are better off doing so.

Many times the original creditors will refer you to the agency. Asset Acceptance reports accounts paid in full so it might be easier for you to SIF the acct. Depending on how old the paper is you could get up to 50% SIF.

Another think you could do is write a cease and desist letter to Asset Acceptance and also a letter to the creditor saying that you wish Asset Acceptance to stop all verbal and written contact. They will usualy yank the acct and then place it with another collections agency.