Asset Acceptance
Date: Wed, 05/30/2007 - 18:43
Here's another story regarding Asset Acceptance.
Over the past month I have been dealing w/ an attorney for Asset. Yes, they are suing me for $1493.18 (per the court summons) stating they are an assignee of First USA.
When I requested validation of the debt I received a letter from the attorney, an affidavit signed by a "Supervisor" of Asset claiming my indebtedness and a breakdown of the debt (principal, purchased interest, and interest since purchase), Interest Amt., Asset Acct. #, Original Creditor, Original Acct #, Purchase Date, Charge Off date, Date of last payment.
I have a pre-trial scheduled for June 18th, and I will be there just as I have the past two times when they passed it to another date.
My question is:
Should I do anything prior to 6/18, or just wait until then and tell them I want this to go to trial?
I have managed to pull all bank statments for the year 2001 so I can refer to them when I ask for proof of the payment made 5/24/01.
I'm fairly certain that this debt is not mine. I have never had a CC w/ First USA. As a matter of fact, the only CC I've ever owned was paid off in '99.
At no point has First USA or Asset Acceptance shown up on any of my credit reports (other than the inquiry Asset did on my TransUnion report 11/06).
Nothing adds up. The first notice I received about the civil action filed against me was a letter from a mediation service stating I would soon be served and they would like to help. I called the court and sure enough, it was legit. I never received anything from Asset or their lawyers until I responded to the summons and requested validation.
Anyway, I tend to ramble when I'm frustrated :)
Any advice would be greatly appreciated.
Thanks for your time everyone!
Arii, always go down fighting, and who knows, you may come out o
Arii, always go down fighting, and who knows, you may come out on top.
You said: "When I requested validation of the debt I received a
You said: "When I requested validation of the debt I received a letter from the attorney, an affidavit signed by a "Supervisor" of Asset claiming my indebtedness and a breakdown of the debt (principal, purchased interest, and interest since purchase), Interest Amt., Asset Acct. #, Original Creditor, Original Acct #, Purchase Date, Charge Off date, Date of last payment"
My question:
Was all the information they sent to you copies from the original creditor> Did they send copies of the sale/purchase of the debt and your signed agreement?
If they don't have those things, how can they prove the debt is yours? You should demand that proof.
The following is from Bud Hibbs site: ARE YOU A VICTIM OF AS
The following is from Bud Hibbs site:
ARE YOU A VICTIM OF ASSET ACCEPTANCE CORP? HAVE YOU BEEN SUED BY THEM? WAS A JUDGMENT OBTAINED? ARE YOUR WAGES BEING GARNISHED, BANK ACCOUNT LEVIED? IF SO, PLEASE GET IN CONTACT WITH ME. *************************************
Asset Acceptance Corp.(AAC) is a publicly traded company. (Nasdaq: AACC)
They purchases old portfolios of mostly worthless charged-off accounts for pennies on the dollar. Once owned, they appear to inflate the value of the portfolio, send out dunning notices and try to collect at a ridiculous profit.
Don't be surprised if you notice the date of last activity on your credit report, as stated by AAC is WRONG! Deliberately changing the date of last activity is a way to scam consumers into thinking they are entitled to money they would not legally be allowed to collect.
This is standard procedure for them -- from "re-aging" the debt on the credit history, to suing on what is probably a statute of limitations claim, to reneging on a written promise.
Watch out for the mystery $50-$75 payment that is claimed to have been revived on the account. When pressed, they claim to do an investigation and "discover" that they made a "clerical error" and mistakenly posted someone else's payment to your account.
NOTHING this 'House of Cons' does should be believed or taken at face value. They have proven over and over they are liars and thieves!
Under federal law, the Fair Credit Reporting Act (FCRA) an account may ONLY stay on a credit report for seven years. One of the cons being used by Asset Acceptance is to claim you made a $50 payment, which would have re-started that clock. Unfortunately this is a 'bogus-claim' by AAC, is illegal and violates your rights.
Asset Acceptance Corp has earned the distinction of one of "AMERICA'S WORST COLLECTION AGENCY'S". They lie, steal, cheat, misrepresent, file bogus claims, create phony documents and commit perjury in the court system JUST to increase their bottom line.
If you need to contact Bud Hibbs or read more on these crooks, g
If you need to contact Bud Hibbs or read more on these crooks, go to budhibbs.com
Thanks for the info, I'll definitely check out Bud! :) Nothin
Thanks for the info, I'll definitely check out Bud! :)
Nothing they sent was from the original creditor. Just looked like some Word docs that were thrown together. :roll:
They are known for that. At my site, on the side is a link to Bu
They are known for that. At my site, on the side is a link to Bud's 'Agencies to avoid' list.
Anthony, here is another site you will enjoy, (http://www.myc
Anthony, here is another site you will enjoy,
(http://www.mycollector.com/)