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Old debt

Date: Fri, 11/07/2008 - 04:32

Submitted by anonymous
on Fri, 11/07/2008 - 04:32

Posts: 202330 Credits: [Donate]

Total Replies: 2


I recently was contacted by Asset Acceptance regarding a credit card debt with a popular music store 3 years ago. The original charges on the card I had attempted to pay after not receiving a bill from them. I made 4 attempts to pay the original creditor, 2 in the store and 2 by calling the 800 number on my credit card. Each time I was told they did not have a record of the account. I never once received a bill from them. Now 3 years later this Asset Acceptance is trying to collect twice the amount of the original bill. I asked them for an itemized bill of the debt and agreed that I would pay the original amount but they only sent me a statement with the amount they are attempting to collect, nothing itemized. I do not feel that I owe them this amount and would like some advice on what to do. They have not affected my credit score as this is the only bad mark on an otherwise perfect credit report.


Have you checked whether the concerned credit card debt has passed its statute of limitation. You can check the sol period for credit card in the following page: -
Statute of Limitation in different states of the United States for different accounts

Have you sent them a debt validation letter? You can get a sample debt validation letter HERE


lrhall41

Submitted by phoenix on Fri, 11/07/2008 - 21:33

( Posts: 1445 | Credits: )


Send them a DV (debt validation) letter. Ask for all particulars concerning this account such as all statements from the account from the original creditor themselves, not on the CA letterhead. Also ask them to justify these added monies, that if it is interest or any such, then they must have the signed contract to prove this claim. Also make sure they are legally able to collect (such as licensing and bonds, whatever your state requires of collectors) and make sure they own this debt, or that whoever they are collecting on behalf owns this debt.

They can't put it on your credit report until after they validate the account. If they violate by doing so, or by continuing to collect while under a DV, you can take them to court and force them to pay you.


lrhall41

Submitted by goldenbast on Sat, 11/08/2008 - 04:20

( Posts: 2884 | Credits: )