We are being sued by Asset Acceptance for a debt we have over paid!

dv=debt validation
c&d=cease and desist
ca=collection agency.

it's possible that abercrombie and fitch lied,but try contacting them first.it could be crossed wires.

I just called Abercrombie and they will not tell me anything because "they sold my account to asset acceptance", looks like this is turing into a 3 year nightmare. Thank you for your help I really appricaite it.

Debt Collector,

Your company buys "alleged bad debt". You rarely have proof that the debt actually existed. If asked for the proof of its existence, you have no proof.

Not only is debt alleged and not real, but often it is far past the statute of limitations for collection, which varies by state and type of debt. In my case, you have been chasing me for the last 7 years on a non-existent debt that even if it had been real would have now been 3 years past the 4 year limitation on the debt.

You illegally restated the date of the alleged debt to a later date in my credit report. You went away for a year because I filed a complaint with the FTC and a threatening letter, but now call me every day - which I usually ignore. Excpet on days like today when I just get pissed at the unethical behavior of your company.

My sister-in-law passed away over 10 years ago. Asset Acceptance is contacting her son about her debt. She has used his name and ss# to apply for credit. They told him he has to prove it isn't his debt. HOW??? They refuse to send him any information on the debt. They ended up garnishing his wages for $10,000. Now they are coming after him again, for a couple more of her debts. How do I find out what the Ohio statute of limations are? I feel so bad for him. He loves his Mom and feels it is his responsibility to clear her name, he has given up the fight.

I rec'd a writ of garnishment from a local lawyer that rep AA,LLC. However on the letter they have listed my old employer as a garnishee, i don't work there anymore. Were they able to search for current employer?

ReallY? People go out purchase things beyond their means of living, duck and hide from debt collectors! This is hilarious! All these post at stating that Asset Acceptance is criminal but what do you call a person who burns out a credit card and refuses to pay? I'll tell you, a thief!!! These people on this site really need to calm down! Trying to figure out how to dodge their responsibilities. Finding every excuse they can think of -- "oh this debt is out of statue!", "how did they get my new number?" "the economy is bad!" Blah, blah, blah! These bad debtors who refuse to pay their bills are the very reason why the economy is bad, businesses are closing and others are losing their jobs!

You want to know how a debt collector gets your need phone number or even your mom's cell phone number? I will tell you---

Whenever YOU - the debt maker - go out an try to get around the system using your relatives' information to figure out new ways to get more credit to burn, this information is reported by the unsuspecting new creditor who is trying to find out more about you before you burn them too!!! So, if you do not want Asset Acceptance to know your relatives' information then don't use your relatives' information because you are not credit worthy enough to use your own! Problem solved!

At some point in your life, you will want to return to being a credit worthy individual. You will need to pay off your previous debts before anyone would ever think about extending credit to you again. Because Asset Acceptance are debt buyers, they can usually negotiate with you to find a resolution. Avoiding, hiding or becoming angry when someone calls you on the carpet for what you owe is not helping you

AA reports settled accounts as "paid" in full NOT "settled"


Seems like the real scam artists are the ones trying to convince people to dodge their responsibility for paying for their debt abd hire them to sue AA instead. Don't be fooled!

As the debtor - YOU - have to prove that YOU paid YOUR debt. You will get a debt validation and even copies of a contract that YOU have signed. Then YOU - the debtor - will need to provide what and when and who YOU paid. Asking a debt buyer to send you a list of what YOU bought is absurd and unrealistic. Do you really want to them to show YOU that YOU bought 75,000 DVDs of Girls Gone Wild on your Visa card and decided not to pay Visa?

Get real!

Do collectors get some kind of cheap thrill trolling here? Are their lives really so empty that all they have to do is search forums for people to insult? Maybe they are just practicing for their phone calls? They are going to insult us into accepting their illegal actions? If they do not want to play by the rules, then they do not deserve to have anyone pay them. Maybe someday they might get a life, or at least a girlfirend, and leave people alone who are trying to get legitimate help with their financial problems. Funny how so many of them want to say that there are a few bad collectors out there, but not them. Same ones who want to say everyone who has fallen on hard times is a deadbeat who is trying to scam the system. It is no wonder that more people than ever are filing bk. I am not advocating anyone should avoid their real responsibilites, but with irrational collectors hounding and harrassing in blatant desregard of the law, and basic respect, they should expect people to view them as vultures and lower than vermin lifeforms.
Can't help ranting. It just really gets under my skin sometimes.

Asset Acceptance (a junk debt buyer that is so big it is publicly traded company on the stock market) is involved and works with the National Arbitration Forum, who was recently sued by the Minnesota Attorney Generals Office for illegal actions including fraud and deceptive practices. For fear of their illegal activities causing them worse harm the NAF lost and caved in less than a week to the AG's demands, and is now also being sued by a slew of class action lawsuits from all over the country.

Asset Acceptance forces credit card consumers into arbitrration and gets the National Arbitration Forum working with them to rubber stamp their arbitration against the poor consumer.
Asset uses illegal tactics that violate the Fair Debt Collection Practices Act, and many Federal Trade Laws.

Every arbitration done by the NAF will be turned over and all judgments set aside. Notify the courts. File a simple lawsuit to vacate your judgment that Asset Acceptance caused you.

don't fret southern,the humanoid who posted above you is wrong in every way.it is not up to the consumer to prove they owe the debt.the FDCPA doesn't work that way.that is what makes a bottomfeedeing humanoid haven of CA.next post like that will be dealt with.as for GD,great info my friend.this legit CA is going down.mark my words.

Arbitration awards across the country may be set aside
by Sylvia Hsieh
Dolan Media Newswires
July 24, 2009
In a stunning turn of events, the kingpin of consumer debt arbitration, the National Arbitration Forum,(Asset Acceptance works with the NAF) has been knocked out of the consumer debt business amidst allegations of consumer fraud, throwing into jeopardy hundreds of thousands of arbitration awards.
That it all happened faster than an average consumer can decipher his or her credit card agreement only added to the drama.
Click here to read a related article: ???Where will all the arbitration go????
On July 14, Minnesota Attorney General Lori Swanson filed a complaint against the National Arbitration Forum (NAF), alleging that it had concealed its financial ties to the largest debt collection agency and worked behind the scenes with creditors against the interests of consumers.
Five days later, NAF agreed as part of a consent decree that it would cease consumer debt arbitration by July 24.
The ink was barely dry on the settlement when the American Arbitration Association announced on July 22 that it too would be getting out of debt collection arbitration until it can develop standards of practice.
Consumer lawyers reacted swiftly.
???Tons of consumer lawyers are investigating lawsuits right now,??? said Paul Bland, staff attorney with Public Justice in Washington, D.C. and co-author of Consumer Arbitration Agreements.
NAF handled an estimated 200,000 arbitrations per year, according to the Attorney General???s complaint.
Dan Edelman, a consumer rights attorney with Edelman, Combs, Latturner & Goodwin in Chicago, has already filed the first class action against credit giant MBNA/FIA and the debt collection law firm Mann Bracken, alleged to have financial ties to NAF, seeking to set aside thousands of arbitration awards and judgments entered against Illinois consumers since 2007.
Bland expects more to be filed soon.
Lawyers handling individual consumer debt cases are also planning to use the recent revelations to get judgments overturned and sue for damages.
NAF spokesperson Christina Doucet released a statement citing ???increasing challenges to arbitration on all fronts??? and ???mounting legal costs??? as reasons for its sudden exit from the consumer arbitration arena.
The company did not admit liability in the consent decree.
Meanwhile, on July 22 a Congressional subcommittee heard testimony on the issue.
Swanson testified that her investigation found that debt collection claims were routinely steered to arbitrators who regularly ruled in favor of debt collectors.
???There is tremendous pressure on arbitration companies??? to rule in favor of creditors, she said. ???It???s a very lucrative, profitable business. Companies know that if an arbitration company isn???t friendly to corporate litigants, they???ll take their business elsewhere.???
Michael Kelly, Chief Operating Officer of NAF, testified that the firm???s practice of marketing its services to debt collectors doesn???t mean its arbitrators are biased.
???We don???t shy away from saying that we do market our services,??? Kelly said. ???The majority of the clients are debt collectors, and we market that - [or] I should say we did.???
He said that if mandatory arbitration for consumer contracts was not available, consumers would be harmed because they would be forced to deal with complicated rules in civil court.
Lawmakers introduced the Arbitration Fairness Act of 2009 in the House (H.R. 1020) and Senate (S. 931) earlier this year. The bill would prohibit pre-dispute mandatory binding arbitration in most contracts, but the measure has not advanced out of committee in either house of Congress.
???Complex web???
Even to veteran consumer lawyers, the Attorney General???s complaint was a shocker.
???It???s huge. It???s incredible,??? said Santa Fe, N.M. attorney Richard Rubin, emeritus chair of the National Association of Consumer Advocates.
???I was shocked to find out who owned the NAF,??? said Bland.
The complaint mapped out a ???complex web??? which boiled down to a cozy financial relationship: the arbitration services of NAF and sister organizations as well as the debt collection services of the law firm Mann Bracken and other companies have all been owned by the same New York hedge fund since 2007.
The complaint alleged that the NAF violated state consumer fraud, deceptive trade practices and false advertising statutes through ???complex and opaque corporate structuring??? that concealed its financial ties and represented itself as a neutral party.
???Consumers also do not know that - despite representing to the public that it has ???no relationship with any party??? and does not ???counsel our users??? - [NAF] works closely with creditors behind the scenes,??? the complaint said.
It further alleged that the NAF encouraged creditors to file arbitration claims, helped creditors draft arbitration clauses and sometimes collection claims against consumers, and referred creditors to debt collection law firms, including Mann Bracken, which then filed arbitration claims before the NAF.
Swanson announced at the time of the consent decree that other state attorneys general have contacted her.
The city of San Francisco is also litigating a suit it filed last year claiming that NAF ran an ???arbitration mill??? that was biased against consumers and that MBNA/FIA forced consumers into a ???sham??? process, failed to provide proper notice and collected amounts they were not entitled to under state law.
???Tainted??? judgments
The consent decree does not address what will happen to the massive number of arbitration awards issued by NAF over the years.
???Literally hundreds of thousands of consumers have NAF awards entered against them - tons of them way past the statue of limitations, many of them with junk fees and illegal interest, some of them against victims of identity theft - that are now severely tainted by the news that the same people prosecuting the cases owned a large part of the firm that picked the judges,??? charged Bland.
Aurora Harris, a consumer attorney in Los Angeles who has been challenging the NAF???s rubber stamping procedures and awards based on faulty affidavits and digital signatures from out-of-state lawyers, said that the allegations against NAF will be persuasive in individual cases.
???I can go to judges and attach the [Attorney General???s] complaint and the consent decree to every case. It creates a huge inference,??? she said.
???Generally, states allow an attack on a judgment.
Lawyers can also pursue damages under state consumer laws, such as unfair trade practices statutes, and some attorneys are considering RICO charges in federal court, Bland said.

Still can't spell and you are an ass.

why dont all you whiney-asses just pay your frickin bills??? then you wouldnt have to deal with debt collectors.

I never used credit cards for anything, they were just for emergency. When I lost my job my unemployment compensation only went 6 months. Now I had an emergency. I don't qualify for any state assistance programs. I have an expensive medical condition I was born with and have to have insurance. I used my credit card to pay my monthly medical insurance premiums so that it wouldn't be canceled, monthly car insurace premium, gas for the car, car maintenance and food. They only way I was going to get hired was to drive to companies that were hiring and fill out applications and go to interviews. The nearest city is an hour away. I only used the card for necessities. I sold all my personal belongings to pay down some of the credit card debt but then ran out of money. The credit card company said because I wasn't working and didn't have any income, assets or personal property my debt was uncollectable. Several months later Asset Acceptance LLC sent me a letter stating that my debt was assigned to them. Since I don't own anything I use my relative's phone number as my contact number. Asset was calling every day from 8 a.m. to 9 p.m. even though I sent them a letter not to call. Now 3 and 1/2 years later I'm still unemployed but they only call once a month to update my file. So for the debt collectors and people who wrote saying to just pay your debt off, I want an answer how to. I have to be employed first and I can't just walk into a company with a rifle and demand they hire me. I don't have a money tree growing in my yard. I don't sell drugs or do anything illegal for money. This morning I filled out my 865th job application. What more am I supposed to do that's not illegal?

Some of us use credit for business. If we don't pay, it's because the business didn't succeed. Business is harder than sitting on your duff making calls that resemble harrasment in order to get someone to pay so-called credit bills. Who cares what you say? These outrageous penalties defeat the definition of credit. It's supposed to be helpful, not damaging over a misunderstanding or a misplaced letter. They've made it too personal... but I can't take it personal.

The solution may be to get another job if we're trying to compromise. However, you must realize that slow pay is never worth it (now we're using the credit corporations' words against them) -- these relentless collecting crazies lack compassion, and without that, they'll never have the empathy needed to back down from the fight. If something ain't working, I call it over or dead-end. Plan on Heaven, because honest mistakes are a part of life, this credit bullshit isn't.

So, stop calling me, Asset Acceptance. I don't accept you or your stupidity. Shut your mouth, and don't call me at all... I'm expecting more important calls. You know what's truly unfair? Being harassed by clueless individuals. How about this, you're now on MY industry's blacklist, and if you push us too far we will forcibly remove our names from yours!

Asset Care is harrasing me for money they are trying to say I owe for joining a gym in 1994. Yes I did go with a friend for a trial and now there saying I never cancel which I did cancel.If I did not cancel my trial why wait 15yrs to charge me for something Im not responsible for and the interest is over 600.00.Well I'm sorry i wont be paying for something thats not my fault. They were very unprofessional on the phone and wanted there money. So I'm going to call the credit people and let them know whats going on. What can I do?

what state are you in?this is most likely way beyond the SOL.if that is the case send them an FOAD C&D letter.send it certified mail return receipt.

my dad keeps getting letters about a bad debt bought from metris by this company. my dad does not owe anyone, any money at all. dad has been dept free for about 25 years. i just can't understand this. wish someone would shed some light

easy asset acceptance throws %^@! to the wall hoping it sticks.send a DV(debt validation) letter.send it certified mail return receipt.that should get this bottomfeeder off his back.

Yes, they are the #1 most sued collector in Federal court for FDCPA violations, now at 472! They get another lawsuit against them every 2 or 3 days. Climb aboard and join the party! It's really the only way to stop these collectors - sue them down to the ground!

I hate dealing with these crooks! Assett Acceptance has been hurting my husband's credit and mine for a debt that we have PROOF has been paid (by the originator of the loan)! They need to be policed, people need to pay their debts and I do, asset acceptance and other supposed collection agencies are the scum of the earth!

Yes I agree. The FTC is waking up - they have filed a lot of lawsuits in August but not too many debt collectors just yet. This scam should be at the top of the list, I tell you.

You will likely have to sue them in Federal court for violating your rights due to the fraudulent reporting of debt.

Be professional and edit your typing - use spell check. Run away sentances are annoying. Poor grammer is nauseating. Yes, I pay my bills - type slow - but pay my bills. Trust me. Your message will be much more effective if you pay attention to these details. I notice there is an "ABC" check available in these post areas.

Quote:

runaway sentence,runaway sentence.also runaway meatball,runaway meatball.

Quote:

Quote:

Hey Anonymous, I had a debt that I didnt bother with, it was for a credit card from my marriage. Divorced she no pay her part took all my money so I cant pay, AAC garnishes my wages for a year. All is paid, now 500.00 additional taken out and the paper work to stop the payments has not been processed on your companies end. I ask about interest on the overpayment they say "too bad". If the paperwork is not in by this Wednesday I will contact the clerk of the court and have the judge get involved. I think that buying "charged off" debt should be criminal. Have the companies that you all buy this bad debt from taken them as a loss on their taxes?

I need some help,
Freaked out a bit. Asset Acceptance LLC has filed a "Writ of Garnishment" on my Safety Deposit Box. They say I owe $2392.00.
BS from who?
I guess my next move is to the court in my County?

Bruce in Curry County Oregon

Asset Acceptance says I owe them $1,920.80 ($967.29 from citibank/radio shack and fees and finance charges of $953.51 to them) they claimed to send me 32 letters. the original creditor does not have me in their database and claim to never remove even if the account is sold. How do i owe them money?

demand something in writing,and tell them you won't talk to them again until you receive it.this is a knucklescraping,mouthbreathing JDB that throws #$%^ to the wall hoping it sticks.as far as sending 32 letters.they claim similar with other people.this is a outfit that should be sued out of business.

Quote:

Dear Debt Collector Assset,
You and your collection practices are going to have you sued for being on my credit report, in my state, where you have NO license. Also, you will be sued for reporting a debt you haven't validated to be mine. If the debt was mine you incompetent harassers would realize the SOL has long since passed.
Sincerely,
Sue

Quote:

to unregistered rita.you can't get a 1099c on a debt past the SOL.please don't come here giving misinformation.NASCRDEVILS letter was for response to a collector trying to collect on a debt past SOL.

I owed and old discover bill. from like 1998 they called saying they was Discover so I finally thought I could pay it off. so they took t of my checking account electrily. well it going on a year an no one has sent me a statement. And It get better the number my cancelled check is out of service.

I've received two letters from this company for legitimate debts. They're offering 70% off my original debt. On one part of the letter it says, "by accepting this offer you can take advantage of these benefits". Benefits being, "a zero balance on your [company name] account with us". "A paid account letter upon request". "Report appropriately to the credit bureaus".

Is this a legitimate company? I don't want to get scammed.

Asset Acceptance LLC has sent me a letter once a month for the past 6 months about a debt from bank of america credit card with a balance of $1382.33. the recent letter says that there is a 60 settlement that I can pay. Now I'm pretty young so dept and credit reports and all that jazz is pretty new to me. Now I know the balance is correct because I was on the verge of paying it all off when i was diagnosed with a heart disorder and took care of that instead. Now these letters. I want to just pay off my debt. I tried paying the credit card company direct but the lady said it was too late and i had to pay through Asset Acceptance LLC. is this this legit? if i pay will it come back? will i really only have to pay 60%? I tried to call and speak to a representative but i keep getting disconnected. I've tried 32 times. i will not do things automatic i want to speak to a person. Does anybody have the number so i may be able to speak to a human being and get everything squared away?

You can call 1-877-277-3850 thats the toll free number, and ask to see if you can settle it this month. I would give you my ext. but I don't really want people calling and harassing me. I am one of the nice ones, lol, I believe it may be a bad thing in the business I am in, but I understand what people are going through and the settlements are you paying in one lump sum. If you can't do one lump some they may rise the settlement but depending on your account you can even pay monthly. If they are being rude to you, just ask to speak to someone else or a supervisor. Asset is a company that can help you if you let them.

and yes it is legit, since asset buys it, and they are a finance company they have the ability to work with you making it lower or making payments. You can go to assetacceptance.com


Link deactivated per site ToS. - Uncle Wulf

[QUOTE=Anonymous;490682]and yes it is legit, since asset buys it, and they are a finance company they have the ability to work with you making it lower or making payments. You can go to assetacceptance.com


Link deactivated per site ToS. - Uncle Wulf[/QUOTE]


You, sir, are a bald-faced liar. Asset Acceptance is most assuredly not a finance company. Asset Acceptance is a junk debt buyer and collection agency. And one of the worst of them, at that. Your post proves this point nicely.

[QUOTE=unclewulf;490694]You, sir, are a bald-faced liar. Asset Acceptance is most assuredly not a finance company. Asset Acceptance is a junk debt buyer and collection agency. And one of the worst of them, at that. Your post proves this point nicely.[/QUOTE]




1. I am a MAM
2. It HAS finance options, and Asset helps a lot of people by offering options like paying monthly and discount options. Asset would not have that option to be able to do that if they were not a finance company.
3. I cannot speak for every collector there, but there are a few that do listen to what is going on in your life and genuinely care about tying to help consumers get their debt taken care of with asset.
4. Why so sour, did you owe a lot of money and refuse to pay and get sued? thats what you get for not taking the time to try and work out an option to help get yourself out of debt.

Quote:

got news for you.the two states are mississippi,and wisconsin.btw SOL means that you can't sue on the debt.the debtor can send a C&D letter to you or any other collector for a past SOL debt.if that happens then what do you do?another thing.what states are you actually licensed to collect in?

To the Asset Collector harrassing others on this page: your lack of spelling, punctuation, and maturity signify how educated you are and I highly question the ethical statements behind your judgements. You need to go back to school and get a real job. I will be hiring a lawyer to deal with your company immediately, since Asset is harrassing me for debt more than 10 years ago.

Quote:

All of you collectors are brain washed. First of all people don't owe your company a dam thing because the original debt wasn't with Asset. Sure you may buy the debts other companies but the agreement to pay wasnt with Asset in the first place. Some of these debt collectors act as if they gave money or possessions directly to those their seeking payments from using intimidation, inflicting fear, and just being down right rude.

for real grow up pay ur bills..thats some arrogant **** to say to people who have real issues..most people want to pay debts, trust me im one of them...sometimes bad **** happens..keep that in mind chico.


Let's keep the profanity to a minimum, OK? - Uncle Wulf