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Is it legal for Asset Acceptance LLC to reporting on my CRA without informing me?

Date: Sat, 11/05/2011 - 01:15

Submitted by LenaRdrgz7
on Sat, 11/05/2011 - 01:15

Posts: 3 Credits: [Donate]

Total Replies: 7


Last month I had received the inform from Experian that my credit score increased by 20 points and at the same time checked up my credit report if I still have owe to the 4 creditors, but 3 of them reported that some of my pay status was charged off as bad debit. Until yesterday, I recently received the alert from Experian that Asset Acceptance LLC was reporting to CRA that I have owe is $840 without informing me and even didn't senting me a letter what the money they say I owe is for. Until now I read my Experian CRA carefully before jump to conclusion. And I found out today of Bank Of America that they commented on my CRA that this was transferred to another lender or claim purchased (without identity)...that was what I guess is Asset Acceptance LLC did. But I just wonder if it is legal for them to reporting on my CRA without informing me and even writing a letter to me.


Thank you'all, nandydiana, SOAPLADY and sally.nachelle for responding to my question. And also thank sally.nachelle for share the inform more about this collection agency, Assert Acceptance LLC.


lrhall41

Submitted by LenaRdrgz7 on Sat, 11/05/2011 - 12:17

( Posts: 3 | Credits: )


Dont know why we dont see more people go after this, but what they did was legal, except for one thing.....

Go read the FDCPA, specifically, you want to read section 809. This section states that "within five days of initial communication with a consumer", they must provide you written notice of your rights under the law. Now, look at section 803--look at their definition for "communication":

Quote:

The term ???communication??? means the conveying of information regarding a debt directly or indirectly to any person through any medium.


The contact does not have to be direct, such as a phone call. The fact that they reported something to your credit report means that you can consider that to be a "communication" according to the definition contained within the law. So, look at your credit reports and find out when they first reported it. From that point, they have five days to inform you of your rights. No doubt, they will not do so.

And before anyone tries to argue against this concept, they reported information on a credit report--a place that only the consumer can access without someone else needing to provide authorization. They left it in a place that is supposed to be private, that you alone can access. In fact, the only way that anyone else can access this information is with your consent, so either way you would have to be aware that the info is being access--at least, thats what the law says.


lrhall41

Submitted by skydivr7673 on Sat, 11/05/2011 - 12:34

( Posts: 2036 | Credits: )


Only thing can argue is that credit reports are not completely private....the individual grants rights for it to be pulled and viewed by any creditor at any time.

Asset from what I know of them sends out a first notification letter on very account placed. What address they send it to may vary...it could be any address listed on the file. So it could have been sent to an old address...who knows.....


lrhall41

Submitted by SOAPLADY on Sun, 11/06/2011 - 10:38

( Posts: 17315 | Credits: )