Asset Acceptance - cheaper to just pay them off?
Date: Tue, 12/18/2007 - 01:25
I recently received a letter from them for a debt that I just paid off with another company. The money owed in this debt was a two part debt. One bill was to a parent company, the other to a subsidiary.
At one point the bill was rolled together while with a collection agency. I don't know that I have proof of it anymore as I threw out a bunch of old paperwork.
The debt is for less than $100.
Here is the clincher. I was just approved for a home loan through a gov't agency. If this debt does get reported to the Credit Reprting Companies I (and my family) could loose the home loan!
I'm in poor health and have a 2 yr old child, I don't have the energy to fight them. As a matter of principle I don't want to pay them, but in the long run it could be cheaper. With so much at stake - what do I do?
I'm also worried they could come up with some old debts that are out there if I respond to them. I just got my credit cleaned up, what a nightmare!
Also, I am trying to find Minnesota's SOL - I tried looking at a link in another post about AA LLC, but didn't find Minnesota.
Thanks
Dispute it, send them a validation letter (you can find a good t
Dispute it, send them a validation letter (you can find a good template via the first link in my signature) send it certified mail, return receipt requested. Also contact the collection agency that you paid off, request a paid in full letter. If they can provide you with that fax it and send a copy of it to the collection agency, also certified mail, return receipt requested. Also file a dispute with any consumer reporting agency that they have reported to. Explain that it's already been paid for. You should also file a complaint with the attorney general for both your state and theirs, as well as with the FTC
the unfortunate truth
Today I dug through a bunch of paper that is marked for shredding, and found an old notice from the former holder of this debt. I was wrong. The debt was not rolled into one. For some reason the one was dropped OFF of the bill. So in the end I do have a past due bill.
However, I tracked down the original debt, and AA LLC has increased the bill by a few dollars. I spoke with a community based credit counselor and he said that it is illegal for them to do that, and that because it is not currently on my credit report it is illegal for them to report it now since it has not been reported previously. I am not going to quible with them over $15 with so much at stake.
I am very glad that I "googled" AA LLC and learned what they are like. It is unfortunate that I have to pay the bully, but I do have a debt that has not reached the SOL. They will be held to the law once my payment is made (not reporting it, PiF letter, etc.). I am fortunate to have an agency to help me.
This is a great site - thank you!
Braids
