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Asset Acceptance & Settlement Agreement

Date: Mon, 12/19/2005 - 05:16

Submitted by anonymous
on Mon, 12/19/2005 - 05:16

Posts: 202330 Credits: [Donate]

Total Replies: 2


Hey I need some serious help. Earlier this year I settled my bad debt with Asset Acceptance for %50 of what was owed. They even faxed me a signed letter stating if I paid that day it would be considered settled. Now they are reporting that I still owe the other half, and it was never settled. What can I do? Do they report to someone I can Complain to? I upheld my part of the deal, but they didn't. Any ideas would be greatly appreciated...thanks!


Mmzaunbrecher

Send your complaint along with the copy of the settlement agreement made with Asset Acceptance to the local attorney general office. Forward a copy of it to the credit bureau reporting this account. The CRA will understand this matter very clearly as it is in writing and they will update your file.

Also, you can send a letter to Asset Acceptance in writing explaining the whole deal to which both of you agreed previously. Do not send the copy of their contract otherwise it might be tampered. Give your letter the most legal importance and ask them to remove the negative information from your file. If they don't take actions to update your file, you have to file a legal case against them and you have a proof that makes your case stronger.

I hope that your necessary actions taken will give positive results. Do let us know once you have seen the changes in your file.


lrhall41

Submitted by ben on Mon, 12/19/2005 - 12:02

( Posts: 2034 | Credits: )