I came across this site while trying to find out more about Asset Acceptance.
I sent AA a DV letter in connection with a dunning letter I received from them re a disputed Bally's invoice/debt.
Their response to my request for 'documentation of the debt' was - 'Please be advised that this account is closed and is no longer handled by this office. Our records show that this account is not currently being reported to the credit bureaus', beneath three lines which merely referred to Bally, their client acct # and AA's acct #.
This sure doesn't seem to be any sort of debt validation.
Are they saying that they don't manage this account even though they have sent me 2 letters so far?
I would appreciate some feedback from some of the more knowledgeable folks in here about what my next step should be, and what I should be on the lookout for, given how devious they can be.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.