Can I get a debt verification letter to send to Asset Acceptance LLC?

My husband just got a notice in the mail for the very same thing. We have never had any credit cards that we don't currently use and are afraid someone has used our credit to get this money. They say we owe them $1345.64!!!

I was sent these papers saying I owe 4,803.84, but in my divorce, I gave him the house and 401k and he was to pay the credit cards that were listed in the divorce papers .....He would like to have a bill saying what these charges are from and when the date of the last charge was....the divorce was final in
02-04-99....as soon as I get this to him he will take care of this....He says he thought he payed everything on the list....

GE Money Bank also holds accounts for Home Shopping Network and the QVC Channel. Hope this helps. :D

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Thank alot for the info!!!

Asset is a horrid company to work for - I know cause I worked for them.

Yes, they do buy third party debt, for pennies on the dollar, and yes, if it was an interest bearing account, their tactic is first ask for full balance, then drop maybe 5% - 10% to say "Well instead of balance in full, how about we settle and report it paid on the cbr?" and if still you can't do that, the collector associate (aka non-supervisor) is allowed to go no lower than 25% of the total amount due. If you still say you can't pay, they may get a 'second voice' aka maybe a supervisor, or diff personality than the debtor you're talking to already. They feel this is a good way to secure payment, and lastly, if they can't settle you in, ie a lump sum pymt or spread over 3 months, then they will ask for minimal monthly pymts and say "Well if you keep up the monthly payments we'll freeze the balance where it is now, but if you miss a payment then the acrued interest will bounce back up and you'll owe balance in full"

Now, things may have changed over the years, as I was briefly employeed there in 2004, but a friend of mine still collecting in the legal department (yes, they have lawyers and will sue you if you can be validated and they meet the statute and state amount for suits...the collector you speak to will attempt to file suit to that department so don't disclose ANY info about where you work, what you make per year, or what your address is...) says things are pretty much the same.

Read about the FDCPA - I know it used to state that, technically, it's illegal for a company to collect more than what they paid for purchasing the debt, again, usually pennies on the dollar (ie, you may have owed $300 when you defaulted your ccard, but they bought it for $50, they shouldn't collect more than $50)

Just be aware, do NOT get smart and send a "here's my one red cent, now leave me alone!" payment, because in many states you just refreshed the statute of limitations and can thus be verified and sued. I worked with many people that were firm but nice, but there are some collectors that really do come to work hoping to get under your skin to eventually get a small pymt and then sue... Amount collected as well as number of suits sent to legal all factor into their bonus...

If they don't bonus, they can get fired, and of cousre they have food to buy and kids to clothe too, so understand that is where the threat comes in to you, cause it is a very high pressured job, and the managers and higher-ups care ONLY ONLY ONLY about the money, whereas the low-level collectors, starting out, do have some compassion if you're courteous about genuinely working out arrangements.

So....yeah, hope that helps.

PS - while anyone is at it, can you send me a number to Transunion that I can actually reach a LIVE person; annualcreditreport won't let me get my free report; it's been 2 years...I can only imagine what is on there but cannot ever get to a live rep with all the numbers I search... Grrrr..

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The problem with debt validation is that it isn't what you think it is. I got a letter from Ass et Acceptance saying I owed 29k on a debt that was 17k just 7 months prior to them buying it. I sent them a letter requesting validation and they sent me back a company printed sheet that just had the original account holder (credit card issuer), my name, and address, with this inflated balance and 3 different law firms said that, that was proper validation. The FDCPA fails majorly with the court ruling of:
Chaudhry v. Gallerizzo

“Verification of a debt involves nothing more than the debt collector confirming in writing that the amount being demanded is what the creditor is claiming is owed; the debt collector is not required to keep detailed files of the alleged debt.”

There is a difference between validation and verification. What you stated above is verification, NOT validation. For validation-for court proceeding-motion to compel them to have this-Original credit card statement-not something they just typed up=anyone can do that-including you and me-original signature of yours for the credit account. Look further on this site for everything needed to prove validation and the collection agency HAS to provide this-either to you before it goes to court or compel to court to order them to produce these documents-DO NOT believe otherwise

And if you had 3 different lawyers telling you, and what you described is something the collector typed up themselves and not legal, that what you were sent was good enough then they should lose their bar license, they obviously do not know what is required by federal law-find a new lawyer quick

Thought you'd like hearing that I did a D&V letter to Asset Acceptance (I had NO idea what it was for, but it was big) and they removed the trade line off my Equifax Completely. Yay!

Here's the letter I sent:


Emily XXXX
Address

Asset Acceptance, LLC
PO Box 2036
Warren, MI 48090

12/20/2010

Re: Acct# XXXXXXXX
To Whom It May Concern:
It has been brought to my attention that you are attempting to collect on an account that I do not recognize. Be advised that this is not a refusal to pay, but a notice sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b) that your claim is disputed and validation is requested.
This is NOT a request for ???verification??? or proof of my mailing address, but a request for VALIDATION made pursuant to the above named Title and Section. I respectfully request that your offices provide me with competent evidence that I have any legal obligation to pay you.
Please provide me with the following:
??? What the money you say I owe is for;
??? Explain and show me how you calculated what you say I owe;
??? Provide me with copies of any papers that show I agreed to pay what you say I owe;
??? Provide a verification or copy of any judgment if applicable;
??? Identify the original creditor;
??? Prove the Statute of Limitations has not expired on this account
??? Show me that you are licensed to collect in my state
??? Provide me with your license numbers and Registered Agent

At this time I will also inform you that if your offices have reported invalidated information to any of the 3 major Credit Bureau???s (Equifax, Experian or TransUnion) this action might constitute fraud under both Federal and State Laws. Due to this fact, if any negative mark is found on any of my credit reports by your company or the company that you represent I will not hesitate in bringing legal action against you for the following:

??? Violation of the Fair Credit Reporting Act
??? Violation of the Fair Debt Collection Practices Act
??? Defamation of Character

If your offices are able to provide the proper documentation as requested in the following Declaration, I will require at least 30 days to investigate this information and during such time all collection activity must cease and desist.
Also during this validation period, if any action is taken which could be considered detrimental to any of my credit reports, I will consult with my legal counsel for suit. This includes any listing any information to a credit reporting repository that could be inaccurate or invalidated or verifying an account as accurate when in fact there is no provided proof that it is.
If your offices fail to respond to this validation request within 30 days from the date of your receipt, all references to this account must be deleted and completely removed from my credit file and a copy of such deletion request shall be sent to me immediately.
I would also like to request, in writing, that no telephone contact be made by your offices to my home or to my place of employment. If your offices attempt telephone communication with me, including but not limited to computer generated calls and calls or correspondence sent to or with any third parties, it will be considered harassment and I will have no choice but to file suit. All future communications with me MUST be done in writing and sent to the address noted in this letter by USPS.
It would be advisable that you assure that your records are in order before I am forced to take legal action. This is an attempt to correct your records, any information obtained shall be used for that purpose.
Best Regards,
Emily XXXX