Asset Acceptance

Well, now that they have contacted you on the telephone they have 5 days from the initial contact to send you a dunning letter, yep, tell them you need it in writing, then you can ask for a debt validation, most likely this is out of the statute of limitations anyway.

Great, thanks for this advice. Anything I should be careful about saying on the phone? And how do I know whether the statute of limitations applies? (I left the state where I may have held this account -- Ohio -- in October 1998.) And once the information arrives, do I call Asset Acceptance back or let them call me?

Once you receive the dunning letter, send them a DV letter by CMRRR, you'll probably never hear from them again.

Utilities are generally covered by the UCC SOL of 4 years. What state do you live in now? Reporting period has expired so you should not see this on your credit reports but AACC has a nasty habit of re-aging debts so I would double check.

Thanks.

But what's a "DV letter by CMRRR"?

Also, I now live in Tennessee. How can someone re-age a debt?

FM

debt validation mailed via Certified Mail Return Receipt Requested.

Re-aging is when the date of first default DOFD(the date you missed your first payment and never brought the account current) is changed by the data furnisher. The DOFD is the date the 7.5 year reporting clock starts ticking. CA's do this to poison your credit report.

SOL in TN is 6 years. Not sure if TN adopted the UCC SOL of 4 years. Either way, the amount is minor and I doubt they will sue. I would DV them and if they contact you again before vaildating, send the a full cease comm letter.