I am a former employee of Asset Acceptance LLC
Date: Wed, 10/12/2005 - 19:19
- Former Employee
Former Asset Employee Quote: And the people we sued were the
Former Asset Employee
Quote:
And the people we sued were the ones refusing to pay us when we had their signed contract and current driver's license on file(all the proof in the world, and they still said they didn't owe any money) |
Everything is fine what you said but one thing surprises me. How can a collection agency have the signed contract and the driver's license when the debtor is denying the debt right from the beginning?
Quote: Everything is fine what you said but one thing surprises
Quote:
Everything is fine what you said but one thing surprises me. How can a collection agency have the signed contract and the driver's license when the debtor is denying the debt right from the beginning? |
When they purchess the old debt, the can also purchase the original contract and any paperwork they have on file. They cannot always get what they need to sue someone, different companies give different things when they sell accounts. Different stories have different circumstances. A lot of accounts I have come across that Asset has bought without the knowledge of a fraud account. According to the previous companies policies, the account was legal. A lot of people don't know about fraud being commited until Asset gives them a call abut an account they have no idea about. In that case, they have a fraud department to take care of that. All most people have to do is file a police report and a few weeks later when they have recieved the report they can disput to have the tradeline deleted. But Asset cannot just delete it right off the bat with one phone call. There are policies that have to be followed to ensure that every side is being truthful. If someone is just saying it isn't their's to get out of paying, having the original contract sure is heplful. And when they hear their old address and refreneces read back by me over the phone to verify they did open this acct, people still deny it is them simply because they don't want to pay. That is when I decide to sue them. My policy was if they were mean to me for no reason when all I was trying to do is help them, I sue them. I never sued the nice people and did everything I could to help them.
Asset Acceptance
Asset bought my old credit card acount from First USA the jacked up the amount to 27,000.00 and send me a letter every month and report it as collection balance on my credit report. They assigned a new account number and reaged the account with the three bureaus, So this will never go off my report as the last activity with First USA was 2/1999 that was the date it was supposed to be removed 7 years I know it is past the statue of Limitations, how do I get this information removed from the credit bureaus do I have to sue them for inaccurate information. By the way I wrote First USA and they could not find me responsible for the account, but they said they would report it to the bureau's as disputed.
account for helen jamison whom is deceased
my mother recieved a statement stating she had a
balance due of 9313.79. there is no past mail of
any such account.
Quote: Asset bought my old credit card acount from First USA th
Quote:
Asset bought my old credit card acount from First USA the jacked up the amount to 27,000.00 and send me a letter every month and report it as collection balance on my credit report. They assigned a new account number and reaged the account with the three bureaus, So this will never go off my report as the last activity with First USA was 2/1999 that was the date it was supposed to be removed 7 years I know it is past the statue of Limitations, how do I get this information removed from the credit bureaus do I have to sue them for inaccurate information. By the way I wrote First USA and they could not find me responsible for the account, but they said they would report it to the bureau's as disputed. |
With the First USA account, they didn't jack up the price, there is an interest rate on the credit card you agreed to by signing the contract for the card. Most likely pretty high considering it is $27,000. Most people don't read the fine print when they sign the cc contract. It is legal to keep the interest rate because they purchased the debt and by law they can add the interest you agreed to. If it is past the SOL and you don't want to pay, most likely they cannot sue you, but for each state there is a different amount of time a creditor or collection agency can report it on you credit report. Some states it is 6 years 9 months, some it is 15 years. I would check out how long your state allows reporting on you creadit report. If Asset is reporing this account and so is First USA, you need to let First USA know that it is illegal for them to report on an account they sold to another company. You will most likely have to dispute the First USA tradeline and then call them to let them know they have to delete it. As for asset, they will continue to send you mail until either you pay or tell them to cease communication. They cannot just delete the account if you have not paid. Asset cannot delete anything until the credit bureaus say they can. If you want to get a good deal on the debt to have it shown as paid $0.00 balance, I would suggest to save up some money and pay it off in one lump sum, you will get a better deal with them if you have like, $5,000 available to pay it off. They will probably accept that. And make sure to call on one of the last days of the month, better deals then. But if you don't want to pay it off, send Asset a cease communication letter, and all you can do is wait for it to fall off your credit report. But make sure only one company is reporting on the one account.
Quote:
my mother recieved a statement stating she had a balance due of 9313.79. there is no past mail of any such account. |
If your mother has passed away, get a copy of the death certificate and send that to the company, along with the letter they sent you. That should get the collection efforts to stop. They will send it to the probate department and contact you about it then.
Former Asset Employee Thanks for the update. I have a strong
Former Asset Employee
Thanks for the update. I have a strong feeling that when asked to validate the debt, Asset Acceptance is not willing to provide sufficient details of it. If Asset Acceptance is genuinely holding the debt with legal interest charges, whey don't they want to put it in paper to the debtors?
I will appreciate you answering my query.
Quote: Thanks for the update. I have a strong feeling that when
Quote:
Thanks for the update. I have a strong feeling that when asked to validate the debt, Asset Acceptance is not willing to provide sufficient details of it. If Asset Acceptance is genuinely holding the debt with legal interest charges, whey don't they want to put it in paper to the debtors? I will appreciate you answering my query. |
By law, in order to validate the debt, all they need is the original creditor info and/or the purchase agreement signed by the lawyers or business owner who initially incurred the debt, or the signed contract by the debtor. When someone asked for a debt validateion, we send out a letter asap with all the original info and if they wanted documentation, they had to request it. 5 times out of 10, when I sent the original creditor info, people realized what it was and paid it or started a payment plan. At lease under laws in my state as I was told by Asset, they have about 20 lawyers on staff everyday to be sure everything they are doing is legal. I tend to believe 160 the lawyers that tell all 8 locations what to do. I genunily feel that anything that happens where they are at fault was not intentional. Even if they do not have on file what the debtor wants, like the signed contract, they will have something like the original application. Debtors tend to say that unless they don't see their signature, they won't pay, which is understandable. But when they know they opened up the acctount, and Asset wasn't given the signature, that is when people cop out of paying off their debts and just cease communication. That is what gets my goat. When they know what they did is wrong and they are not willing to correct it. Even when we are sending them discounts to help them and offereing payment plans. I get that if people can get out of paying anything they will, but I just don't think it is right.
Well, either you worked in the "good part" of Asset, or somebody
Well, either you worked in the "good part" of Asset, or somebody has pulled the wool over your eyes. My firm has personally had 1000's of accounts deleted of client Credit Reports from asset for duplicate reporting, re-aging debts, higher then allowed interest charges and the list goes on and on.
[color=blue][/color]"They are a legit company, and they do have
[color=blue][/color]"They are a legit company, and they do have the power to sue people. I had to sue 12 people a month, every month"
So, are you saying you had a quota?? I fail to see how a quota to sue X number of people helps anyone. If anything it puts pressure to their employees NOT to work out deals for people, and to rush people into the legal system.
Quote: Well, either you worked in the "good part" of Asset, or
Quote:
Well, either you worked in the "good part" of Asset, or somebody has pulled the wool over your eyes. My firm has personally had 1000's of accounts deleted of client Credit Reports from asset for duplicate reporting, re-aging debts, higher then allowed interest charges and the list goes on and on. |
Quote:
So, are you saying you had a quota?? I fail to see how a quota to sue X number of people helps anyone. If anything it puts pressure to their employees NOT to work out deals for people, and to rush people into the legal system. |
I cannot speak for every employee, and I didn't intend for you to take it that way, I know there are certain people there who don't follow the rules, and I apologize for them. This is not a perfect world and all we can do is work with what we are dealt with and make it better for ourselves and everyone else if we can. All I did there was what they told me to do and how it affected each person. Each collector had tens of thousands of accounts and if some collectors had a choice they would sue every single person they could. Others would try to work with them as much as possible and if they had no intention to pay, would sue as a last resort. It isn't necessarily a quota more as a limit. Some people wanted to only sue, others wanted only to have arrangements and get a steady flow of cash that would be more stable. Maybe I did work in the "good part," but I was happy to work there. All the accounts that were taken over to our legal, probate, fraud, or paid prior departments, I never saw the outcome, they never updated us on those accounts. The only ones I knew of were my own. I am not defending them, more as I guess I am explaining my ignorance in your eyes.
It is a hard job being a collector and I have much more respect for them than I did before I worked there. I think that you should judge the person you had contact with over the entire company. Yes I know, if they let them work there, it is the company's fault, but just keep in mind it is a necessary job, and we cannot always have the kind of people we want working for us.
Former employee, Why any idea why agencies are so difficult t
Former employee,
Why any idea why agencies are so difficult to deal with regarding letters of terms? I mean most collection agencies don't want to give the "paid as agreed" label to accounts they settle, do they have something against that?
Quote: Why any idea why agencies are so difficult to deal with
Quote:
Why any idea why agencies are so difficult to deal with regarding letters of terms? I mean most collection agencies don't want to give the "paid as agreed" label to accounts they settle, do they have something against that? |
I cannot speak for all agencies, but I know that at Asset, if you paid by a money gram, you could get one faxed over to you - if you paid the agreed amount - w/ in a few hours (they just had to verify the money was deposited and let it run through the system). If you paid by check, you had to wait 21 business days to make sure the check wouldn't bounce. But if you had a check in the system, you can get a "settlement letter" which just shows the agreement you made to pay X amount of money by X amount of time (normally due date is the end of the month). The policy I had to follow was that the debtor had to either call in after 21 days and request the "paid in full" letter, it wasn't automatically sent. Some people don't need the letter, and most of the time, they report on the credit report a few months later as paid 0.00 balance.
Asset Acceptance are Theives...
AA has comitted perjury in state after state when attempting to collect debt's. See for yourself...
assetacceptancesucks.com
[color=red][size=2][Link made inactive as per forum rules-Vikas][/size][/color]
Illegal telephone practices...
A telephone collection representative called my home asking for my son who hasn't lived in my home for at least three years now. After explaining this to the ignorant rep, she began to accuse me of being my son!
These people need to employ law-abiding, mature rep's or be treated the same way their rep's are treating innocent strangers! I'm prepared for their next call though. When they call they'll agree to a voice-recorded conversation, or be hung-up on and call-blocked for the future. I'd recommend this same action for anyone else being harrassed by this outfit.
Innocent victim - They did the same thing to my sister! The cal
Innocent victim - They did the same thing to my sister! The called asking for Sheliah Someone and when my sister told her that person did not live there, nor had that person ever lived there, they accused her of lying and being Sheliah Someone! When she asked to speak to a supervisor, they mocked her. When she insisted on speaking to the supervisor the CA rep pretended to be the supervisior. The CA rep's behavior was nothing short of shameful. Particularly to someone who had nothing to do with said debt!!!
ttthayden, did you complain against this representative at the a
ttthayden, did you complain against this representative at the attorney office. This is a very shameful act done by the representative especially after knowing the fact that he is contacting the wrong person.
Make sure that you report this action to the appropriate government authorities and get him out of the job.
I think my sister managed to take care of it. She called them b
I think my sister managed to take care of it. She called them back and told them if they ever called her home again they would be hearing from her attorney.
I will check with her to make sure they have not called again. If they do, I will be sure to make sure she contacts the proper authorities! Thanks so much!
I guess it all worked out for the good though. Had they not contacted her, I would have never found this site and been able to consolidate my debts.
Quote:I guess it all worked out for the good though. Had they no
Quote:
I guess it all worked out for the good though. Had they not contacted her, I would have never found this site and been able to consolidate my debts. |
Well, thanks for appreciating this site. I hope that you are able to reduce your debt substantially through this program.
Regards
Roxette
I think the program I am in is fantastic. Our interest rates ha
I think the program I am in is fantastic. Our interest rates have been lowered from 24-29% to 15-5%, depending on the creditor. We will be debt free in less than three years. I can't say enough good things about DCC!
ttthayden It's nice that things are shaping nicely at your en
ttthayden
It's nice that things are shaping nicely at your end. Hopefully, if you are able to make larger payments some time later, the tenure of the program will further get reduced.
As we are discussing about the behavior of Asset Acceptance in this thread, some of our members have interacted with a former employee of their company. Apart from the problem faced by your sister, do you have anything that needs to be clarified or discussed with their representative?
Regards
Roxette
Pay for delete
Have you or anyone else at asset acceptance done a deletion from my credit report if I offered to pay the balance in full?
Former Employee, Since you worked that end of it, hopefully
Former Employee,
Since you worked that end of it, hopefully you won't mind answering a few questions.
What is required to show that a company purchased the debt. A copy of the bill is not a contract right? If a person request debt validation, what should they receive to ensure that the collection agency legitamitely purchased the debt? Would appreciate you answer. Thank you for coming on board.
Asset Acceptance is one of the worst (I think) collection agenci
Asset Acceptance is one of the worst (I think) collection agencies ever to be out there.....I'm glad I filed my complaints a few years ago when I did....I love it when the collection agencies come in here and try to blame us for everything. After reading all the "former" posts, I still come back to the same thing.....if this company and others were such "great" companies to deal with then why cant they follow the rules? I bet they all would have better reputations.
After paying them off an old debt to them 5 years ago, I will NEVER give them a dime again! :)
As a former collector and collection manager, this statement tel
As a former collector and collection manager, this statement tells me a lot about there training.
Simple fact...a collector cannot sue. A collector cannot decide to sue anyone. A collector cannot have a "policy" unless it is a shoddy CA that allows their collectors to excercise hidden agenda's.
collection agencies technically cannot sue. Accounts have to place out with an attorney. It is the attorney who decides what and what not be sued on. Economics comes into play....in most cases accounts "recommended" to be sued on (which is actually the correct terminology). Any collector who uses the phase "I will sue you" is in violation of
???? 807. False or misleading representations [15 USC 1692e], (3) The false representation or implication that any individual is an attorney or that any communication is from an attorney.
Asset X Employee...you are really kidding yourself. I have personally heard serveral horrific recordings of Asset employees abusing debtors. Post 9/11 a lot of people suffered economic and job loss. I helped two individuals from another board bust asset...both received settlements after recording multiple abusive and fdcpa violating calls. My own husband lost his job a year after 9/11. I took great joy at depositing a check from Asset for over $5K into our joint checking account. So don't tell me Asset follows the law! In one 3 minute call, we had 9 violations of FDCPA. In a second 5 minute call which included 2 collectors and a supervisor, we had 11 violations! To quote the Mastercard ads...Recording a collection call....Priceless!
I agree with soaplady. A collector has no authority to sue anyon
I agree with soaplady. A collector has no authority to sue anyone. To sue as a company,you would have to give file to attorney and they would make decision to sue.
On another opinion,your firm has one of the worst reputations of all the collections agencies operating.
I really cannot see how you can come here claiming to be an exemployee stating that they follow the law.
I can post case #'s from my pacer account if you wish to dispute this.
1 asset acceptance llc flmdce 6:2006cv00332 03/16/2006 480 2 A
1 asset acceptance llc flmdce 6:2006cv00332 03/16/2006 480
2 ASSET ACCEPTANCE LLC cacdce 8:2006cv00515 05/31/2006 480 12/18/2006
3 ASSET ACCEPTANCE LLC ohsdce 1:2006cv00735 10/31/2006 480
4 ASSET ACCEPTANCE LLC ohndce 1:2006cv00918 04/17/2006 480
5 ASSET ACCEPTANCE LLC cacdce 5:2006cv01152 10/18/2006 480
6 ASSET ACCEPTANCE LLC ohndce 3:2006cv01178 05/11/2006 480 06/27/2006
7 ASSET ACCEPTANCE, L.L.C. miwdce 1:2006cv00198 03/20/2006 480 07/10/2006
8 ASSET ACCEPTANCE, L.L.C. txwdce 1:2006cv01010 12/29/2006 480
9 ASSET ACCEPTANCE, LLC nywdce 1:2007cv00021 01/11/2007 480
10 ASSET ACCEPTANCE, LLC ohndce 1:2007cv00092 01/12/2007 480
11 ASSET ACCEPTANCE, LLC casdce 3:2007cv00094 01/12/2007 480
12 ASSET ACCEPTANCE, LLC miwdce 1:2006cv00214 03/28/2006 480 07/17/2006
13 ASSET ACCEPTANCE, LLC miwdce 1:2006cv00402 06/08/2006 480 07/31/2006
14 ASSET ACCEPTANCE, LLC flmdce 3:2006cv00427 05/10/2006 480 07/20/2006
15 ASSET ACCEPTANCE, LLC miwdce 1:2006cv00440 06/22/2006 480 12/08/2006
16 ASSET ACCEPTANCE, LLC insdce 1:2006cv00445 03/16/2006 480 09/05/2006
17 ASSET ACCEPTANCE, LLC miwdce 1:2006cv00510 07/20/2006 480 09/22/2006
18 ASSET ACCEPTANCE, LLC miwdce 1:2006cv00587 08/16/2006 480 10/02/2006
19 ASSET ACCEPTANCE cacdce 8:2007cv00197 02/16/2007 480
20 ASSET ACCEPTANCE CAPITAL CORP. miwdce 1:2006cv00198 03/20/2006 480 07/10/2006
21 ASSET ACCEPTANCE CAPITAL CORP. miwdce 1:2006cv00214 03/28/2006 480 07/17/2006
22 ASSET ACCEPTANCE CAPITAL CORP. nysdce 1:2006cv13271 11/16/2006 480
23 ASSET ACCEPTANCE CORP. almdce 2:2007cv00041 01/12/2007 480
24 ASSET ACCEPTANCE CORP. candce 3:2007cv00648 01/31/2007 480
25 ASSET ACCEPTANCE CORPORATION ohndce 1:2007cv00091 01/12/2007 480 01/12/2007
26 ASSET ACCEPTANCE L. L. C. miedce 2:2006cv15600 12/14/2006 480
27 ASSET ACCEPTANCE L.L.C. iasdce 3:2006cv00144 12/31/2006 480
28 ASSET ACCEPTANCE LLC inndce 2:2007cv00015 01/19/2007 480
29 ASSET ACCEPTANCE LLC mndce 0:2006cv03551 09/01/2006 480 09/15/2006
30 ASSET ACCEPTANCE LLC ilndce 1:2006cv04199 08/03/2006 480 10/25/2006
31 ASSET ACCEPTANCE LLC ilndce 1:2006cv06445 11/27/2006 480
32 ASSET ACCEPTANCE OF MICHIGAN, L. L. C. miedce 2:2006cv15355 11/30/2006 480
33 ASSET ACCEPTANCE, L. L. C. miedce 2:2006cv15355 11/30/2006 480
34 ASSET ACCEPTANCE, LLC ohndce 5:2006cv01035 02/21/2007 480
35 ASSET ACCEPTANCE, LLC ilndce 1:2006cv01601 03/22/2006 480 06/26/2006
36 ASSET ACCEPTANCE, LLC alndce 2:2006cv01731 09/01/2006 480
37 ASSET ACCEPTANCE, LLC codce 1:2006cv01869 09/19/2006 480
38 ASSET ACCEPTANCE, LLC gandce 1:2006cv02070 08/30/2006 480
39 ASSET ACCEPTANCE, LLC ohndce 1:2006cv02454 10/11/2006 480 02/01/2007
40 ASSET ACCEPTANCE, LLC mndce 0:2006cv03349 08/16/2006 480 11/16/2006
41 ASSET ACCEPTANCE, LLC ilndce 1:2006cv03527 06/29/2006 480 10/02/2006
42 ASSET ACCEPTANCE, LLC ilndce 1:2006cv04113 07/28/2006 480 10/30/2006
43 ASSET ACCEPTANCE, LLC ilndce 1:2006cv06587 11/29/2006 480
44 ASSET ACCEPTANCE, LLC nysdce 1:2006cv13271 11/16/2006 480
45 ASSET ACCEPTANCE, LLC. candce 3:2007cv00648 01/31/2007 480
List of federal lawsuits against this company just under credit& collection. Please note this is just in the past year. :shock: :shock: :shock:
Can you say someone is breaking the rules!
Wow! What about National Credit Adjusters and Bass and Assoc Ca
Wow! What about National Credit Adjusters and Bass and Assoc Cajun? Find anything on them?
Guest I posted case search on Nca in the Nca thread.Gonna checko
Guest I posted case search on Nca in the Nca thread.Gonna checkout Bass next.Gotta love pacer account. :mrgreen: :mrgreen:
asset
ASSet reaged an account, they claim as being mine. I say it's not mine becasue my original credit card balance was on 4999 and now, the ASSet people say I owe 12,567. I am not going to pay. The debt is SOL(if it is mine)AND...my account should fall off my credit report in 2008, but they say 2110. I am hiring a lawyer to sue.
Thanks for your posts Cajun. Also, the problem I believe is not
Thanks for your posts Cajun. Also, the problem I believe is not just violations of the fdcpa. Many of these collectors call areas such a Texas, ignorant of state law. They threaten to "garnish your wages", when in fact wages cannot be garnished in such areas except for child support, student loans, etc. I found it funny that the original poster said that his company was "listed with the BBB". Enron probably was as well.
:shock: :shock: :mrgreen: :mrgreen: That is funny law student
:shock: :shock: :mrgreen: :mrgreen: That is funny law student!He probably don't know about Texas finance code either which is a little tougher than fdcpa.
You are full of CRAP, former employee
>they did everything they could to get the best deal
Lie. They are interested in one thing: Pay me. NOW.
>I had to sue 12 people a month, every month.
Unless you were an attorney representing them - no you did not. As you are making clearly false statements in this forum, obviously you are not an attorney... or at least not a very smart one.
>They do everything they can to help out debtors.
Bull. They would rather drive the debtors into bankruptcy than to be remotely helpful. They would rather take 25% of your GROSS pay in garnishments when you barely have 3% of your NET pay left to put a couple bucks of gas in your car.
>And I for one and glad they are such a large company and can help out so many people. I do know that their are some bad apples that threaten people and say they will never get a car again, but I for one am not one of those people and would report to my superiors if I had heard such things.
The only people they are interested in helping is their own selves, or their clients. They are not at all interested in helping out the people who they try to collect from. "Some bad apples" is a gross understatement. The majority of the collections people there use strong-arm, strong-languaged intimidation tactics which scare the hell out of people, and do not give off the image of being remotely helpful to anyone but their own interests. As you are a former employee and you claim to have never used such tactics - now we know why you are no longer there.
>it really does help to be polite when you talk to a debt collector.
It hasn't helped for beans... everyone I have spoken to at AA in efforts to clear up and pay for my outstanding balance has been an absolute b@st@rd towards me. This includes LISA JACOB, her assistant who would not give her name and ALLEN GUNN - one of their attorneys who said he could not give me advice on my case even when I wasn't asking for any. The ONLY person who was remotely pleasant with me aside from "Cheryl" the receptionist for the legal department was attorney SANJAY JUTLA, who while was polite, made it clear to me that he is not authorized to enter in any negotiations on behalf of his client even though IT IS HIS FREAKIN NAME ON MY COURT DOCS WHICH IDENTIFY HIM AS THE REPRESENTING ATTORNEY IN THE CASE AGAINST ME! Who the heck am I supposed to talk to then if the collection agents cannot be negotiated with and the attorney claims he can't negotiate???!?!?
>The problem is that when it is repeated back to a person, they don't listen to what is being said.
Now that is just a plain admission of being dirty, right there. When they repeat things back to you, what is said the first time usually differs what is said the 2nd time, and extra phrases, clauses and references to elsewhere documented processes and terms to which the debtor has no reasonable access to are all added in there. Confused - the debtor agrees just to get AA off his back. The record the conversation, so they then have you locked into a deal or circumstance that you you were not fully understanding or in agreement with, and they transcribe your statement agreeing to paper and enter it into court if necessary and use it against you.
AA also refuses to release garnishments LONG after they have been paid and met in full, requiring legal action to be taken on your own behalf in order to get them to stop.
AA is an absurd company with terroristic tactics, and it is quite likely that people who work for, with or represent that company will have hell to pay one day for their outright mis-treatment of other human beings.
The lies posted by this "former employee" only serve to enforce this point.
Asset
To anyone who is contacted by Asset Acceptance, LLC about any debt Here is what you need to do:
Before deciding to take any action
1. Read up on the Fair Debt Collection Practices Act. This can be found at the ftc's website
This will inform you of your rights and will tell you what you need to do to protect yourself and avoid be harassed by any Debt Collector.
2. Stay off the phone!!! Do not verify any information over the phone. If this is a legitimate valid debt that Asset has the legal right to collect on then they should be able to show you real documentation (contract, signed agreement) they got from the original creditor that proves this is your debt and that you legally owe them the money. Tell them to put it in writing!!! This will be very important if you have to go to court. Always request validation or proof of any debt in writing. By law they are required to send you this. If they don't do this you can file a lawsuit and make them pay you. ( speaking from experience!)
3. Check the Statute of Limitations for whatever State you are living in. Asset makes a habit of buying very old debt for very cheap that they know is uncollectible and hoping you the consumer will be so nice as to reward them for their stupidity. How dare they! Then if you do fall for the settlement scam and send them any little amount of money they will take you to court and sue you for the remaining balance. Dont fall for that phony settlement letter. It's a scam. State and Federal Laws prohibit debt collectors from suing on out of Statute Debts. If the debt they are calling about is past your state Statutes of Limitations you should send a CEAST AND DESIST Letter telling Asset not to contact you ever again about this. If they contact you after that then they are in violation of the Law and you can file a lawsuit.
4. Never agree to pay anything, I repeat do not give out any banking or personal information, over the phone until you get written validation/proof that this is a valid account. If you are on the phone and being pressured to give out your personal information or to make a payment immediately. Hang up immediately.
Debt Collectors will lie and say anything to get you to send them money right away because they know once you send a payment, you lose your rights to dispute this debt. So think twice before giving your checking info out or credit card numbers. If they threaten a lawsuit (which by the way is illegal, unless they have actually started proceedings to sue you). Then they are in violation of the law.
Even if you are sure that this is your debt and you want to pay it or make arrangements. I believe you should either get the agreement in writing or do this through a mediator or attorney so as to have someone to Witness it. If you chose to bargain with them alone then I guarantee you, that you will find yourself in court or broke because Asset Acceptance is very shady and corrupt!!!
5. Speak to an attorney. Find an attorney who specializes in Consumer Law. I found one who met with me without charging me anything. He took my frantic phone calls for free. Then when Asset violated the law he agreed to take my case on a contigency basis. This means win or lose I don't pay him one penny. I found him through my fair credit's website. If you receive a Summons or court paper in the mail from Asset even if the letter looks like it might be from a law office, you should show this to the attorney AS SOON AS POSSIBLE.
6. File a complaint with the ftc and the Michigan State Attorney General. His office was very helpful to me and they are very interested in hearing about these kinds of violations by Asset Acceptance. They have a file a mile high on Junk Debt collectors like Asset.
7. Do not allow yourself to be violated by this Company! Fight Back!
Asset
To anyone who is contacted by Asset Acceptance, LLC about any debt Here is what you need to do:
Before deciding to take any action
1. Read up on the Fair Debt Collection Practices Act. This can be found at the ftc's website
This will inform you of your rights and will tell you what you need to do to protect yourself and avoid be harassed by any Debt Collector.
2. Stay off the phone!!! Do not verify any information over the phone. If this is a legitimate valid debt that Asset has the legal right to collect on then they should be able to show you real documentation (contract, signed agreement) they got from the original creditor that proves this is your debt and that you legally owe them the money. Tell them to put it in writing!!! This will be very important if you have to go to court. Always request validation or proof of any debt in writing. By law they are required to send you this. If they don't do this you can file a lawsuit and make them pay you. ( speaking from experience!)
3. Check the Statute of Limitations for whatever State you are living in. Asset makes a habit of buying very old debt for very cheap that they know is uncollectible and hoping you the consumer will be so nice as to reward them for their stupidity. How dare they! Then if you do fall for the settlement scam and send them any little amount of money they will take you to court and sue you for the remaining balance. Dont fall for that phony settlement letter. It's a scam. State and Federal Laws prohibit debt collectors from suing on out of Statute Debts. If the debt they are calling about is past your state Statutes of Limitations you should send a CEAST AND DESIST Letter telling Asset not to contact you ever again about this. If they contact you after that then they are in violation of the Law and you can file a lawsuit.
4. Never agree to pay anything, I repeat do not give out any banking or personal information, over the phone until you get written validation/proof that this is a valid account. If you are on the phone and being pressured to give out your personal information or to make a payment immediately. Hang up immediately.
Debt Collectors will lie and say anything to get you to send them money right away because they know once you send a payment, you lose your rights to dispute this debt. So think twice before giving your checking info out or credit card numbers. If they threaten a lawsuit (which by the way is illegal, unless they have actually started proceedings to sue you). Then they are in violation of the law.
Even if you are sure that this is your debt and you want to pay it or make arrangements. I believe you should either get the agreement in writing or do this through a mediator or attorney so as to have someone to Witness it. If you chose to bargain with them alone then I guarantee you, that you will find yourself in court or broke because Asset Acceptance is very shady and corrupt!!!
5. Speak to an attorney. Find an attorney who specializes in Consumer Law. I found one who met with me without charging me anything. He took my frantic phone calls for free. Then when Asset violated the law he agreed to take my case on a contigency basis. This means win or lose I don't pay him one penny. I found him through my fair credit's website. If you receive a Summons or court paper in the mail from Asset even if the letter looks like it might be from a law office, you should show this to the attorney AS SOON AS POSSIBLE.
6. File a complaint with the ftc and the Michigan State Attorney General. His office was very helpful to me and they are very interested in hearing about these kinds of violations by Asset Acceptance. They have a file a mile high on Junk Debt collectors like Asset.
7. Do not allow yourself to be violated by this Company! Fight Back!
To the above: no one can consider this kind of harassment/eq. t
To the above: no one can consider this kind of harassment/eq. torture techniques, that may lead to harassed person's death- a joke , or funny ?...There should be a security unit that deals w/criminal activity of this sort. There are many articles that tell where all those predatory activities coming from. And the 'chain link bying techniques" of inactive and supposedly 'closed' acct. (which is dealing w/e-business, non personnal one, and no matter what anyone does w/files on software) should be understood by all. Outsourcing add to this, and forcefull endebting of public by unscrupulous persons. Human Rights and law enforcement globally most likely are dealing w/this now.
All I have to say, is as a former employee, you can boast about
All I have to say, is as a former employee, you can boast about asset, but they are garbage. I had a debt from 14 years ago that was resubmitted to my credit report in 2007 I fought with the credit agency and asset, and to no avail here I am still dealing with Asset Acceptance bullcrap. As far as I am concerned, the company never contacted me with any proof of a debt, they put it on my credit for an account that was posted in bankruptcy no less. So, if people get nasty, that is why. Please don't act like debt collectors are nice, because they aren't. If someone is a mean ass to you, you are NOT going to respond appropriately. My take anyway. I certainly am not nice to someone who "proclaims" I have a debt and then I find out it was from 14 years, way beyond statue of limitations in New York. Asset Acceptance makes money by buying products from a debt pool. I HAVE A HUGE LAWSUIT AGAINST THEM because by law I had no contact with Asset Acceptance in 2007 for a debt I owed in 1996. FTC does not allow companies to hit credit for no valid reason. They had to eat crow when I proved it was under a bankruptcy...ooops. To hell with your praise. They suck.
i think that the basic bottom line has not been stated yet to th
i think that the basic bottom line has not been stated yet to this "thankful"-why aren't you still working for them?-employee....just because our government has wrongfully given these so called businesses the right to buy these debts that weren't and never will be their true debts to collect, doesn't mean it is the right thing to do and that anyone should feel obligated to pay companies such as asset. I know i don't. i feel bad i could not pay the debt at the time to the original creditor. i could go on and on.
i do not feel obligated to pay asset or ANY other lower than low collection agency that has merely bought the debt from the oc for pennies on the dollar so they can make a quick buck. my credit was already ruined when i couldn't pay the oc.
i need to stop now or i will say something that will make me have to go to the naughty corner. :evil:
they are crap...i made the stupid mistake of making a payment pl
they are crap...i made the stupid mistake of making a payment plan with them a couple of weeks ago because i received a warrant of debt and i did not want to go to court..so i call them up and they were like if i paid 300 dollars down and 50 dollars a month the suit would be dropped, but 1.) the amount they are suing me for is 887.00 and the amount they say i owe now is 1200 and 2.) my name is still on the court docket so i will still have to show up to make sure they don't pull an rope a dope on me..3.) am i wrong in thinking that the only amount they could prove was 887 and that is why they tried suing for that amount? My new balance should be 587 not 904. I was told to write them a letter stating what debt i agreed to pay on and the what the balance should be after the 300 hundred dollars. if they do not accept the plan anymore to send me back my 300 dollars and the ten dollars they charged me for using a credit card..any suggestions?
REPLY to
[QUOTE=Anonymous;179405]To anyone who is contacted by Asset Acceptance, LLC about any debt Here is what you need to do:
Before deciding to take any action
1. Read up on the Fair Debt Collection Practices Act. This can be found at the ftc's website
This will inform you of your rights and will tell you what you need to do to protect yourself and avoid be harassed by any Debt Collector.
2. Stay off the phone!!! Do not verify any information over the phone. If this is a legitimate valid debt that Asset has the legal right to collect on then they should be able to show you real documentation (contract, signed agreement) they got from the original creditor that proves this is your debt and that you legally owe them the money. Tell them to put it in writing!!! This will be very important if you have to go to court. Always request validation or proof of any debt in writing. By law they are required to send you this. If they don't do this you can file a lawsuit and make them pay you. ( speaking from experience!)
3. Check the Statute of Limitations for whatever State you are living in. Asset makes a habit of buying very old debt for very cheap that they know is uncollectible and hoping you the consumer will be so nice as to reward them for their stupidity. How dare they! Then if you do fall for the settlement scam and send them any little amount of money they will take you to court and sue you for the remaining balance. Dont fall for that phony settlement letter. It's a scam. State and Federal Laws prohibit debt collectors from suing on out of Statute Debts. If the debt they are calling about is past your state Statutes of Limitations you should send a CEAST AND DESIST Letter telling Asset not to contact you ever again about this. If they contact you after that then they are in violation of the Law and you can file a lawsuit.
4. Never agree to pay anything, I repeat do not give out any banking or personal information, over the phone until you get written validation/proof that this is a valid account. If you are on the phone and being pressured to give out your personal information or to make a payment immediately. Hang up immediately.
Debt Collectors will lie and say anything to get you to send them money right away because they know once you send a payment, you lose your rights to dispute this debt. So think twice before giving your checking info out or credit card numbers. If they threaten a lawsuit (which by the way is illegal, unless they have actually started proceedings to sue you). Then they are in violation of the law.
Even if you are sure that this is your debt and you want to pay it or make arrangements. I believe you should either get the agreement in writing or do this through a mediator or attorney so as to have someone to Witness it. If you chose to bargain with them alone then I guarantee you, that you will find yourself in court or broke because Asset Acceptance is very shady and corrupt!!!
5. Speak to an attorney. Find an attorney who specializes in Consumer Law. I found one who met with me without charging me anything. He took my frantic phone calls for free. Then when Asset violated the law he agreed to take my case on a contigency basis. This means win or lose I don't pay him one penny. I found him through my fair credit's website. If you receive a Summons or court paper in the mail from Asset even if the letter looks like it might be from a law office, you should show this to the attorney AS SOON AS POSSIBLE.
6. File a complaint with the ftc and the Michigan State Attorney General. His office was very helpful to me and they are very interested in hearing about these kinds of violations by Asset Acceptance. They have a file a mile high on Junk Debt collectors like Asset.
7. Do not allow yourself to be violated by this Company! Fight Back![/QUOTE]
this is 100% correct - take the time to read this thread.