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Asset Acceptance

Date: Wed, 08/11/2010 - 11:22

Submitted by anonymous
on Wed, 08/11/2010 - 11:22

Posts: 202330 Credits: [Donate]

Total Replies: 2


Is there anything that can be done with Asset once one has agreed to a monthly payment? Over a year ago and before we met, my husband agreed to pay $50/mo. to Asset and it has been debited monthly from his account since. I don't know if he actually signed anything when he made this agreement. My problem with this is 1. I believe the SOL was out on this debt when Asset approached him. (The debt is well over 10 years old and no longer on his CR) and 2. $50 per month isn't even touching the balance (according to their monthly statements) which is accruing excessive interest each month. At this rate, the balance will never be paid. They are just stringing him along. I have no idea who the original creditor was nor how much the original balance was.
I want this debt gone but there's no way to come up with the balance they say is owed ($11,000+) or even the lesser settlement amount. (He thinks they offered to take $6000 once). Do we have any recourse?
Thanks,
Serenity


Hi Serenity--

I have some thoughts, but recently, I have seen that someone from the CA youre dealing with on this site, actually posting and pretending to be someone trying to help. I have some good ideas, but I would prefer to discuss them outside of the public eye. If you like, you can email me, my email is the same as my user name here, at yahoo dot com and I will be happy to provide you with some suggestions. I will tell you this in here--Asset is legally allowed to continue trying to collect the debt basically forever, unless you live in Texas. But please, send me an email and I will get back to you with some good ideas on how to handle this one.


lrhall41

Submitted by skydivr7673 on Wed, 08/11/2010 - 19:21

( Posts: 2036 | Credits: )