Alliance Asset

Date: Fri, 09/10/2010 - 09:22

Submitted by anonymous
on Fri, 09/10/2010 - 09:22

Posts: 202330 Credits: [Donate]

Total Replies: 1

I am in way over my head with PDL (US Fast Cash, Cash Transfer Center, PDM Mgt, etc). Long story short, bank acct is now in the negative, ACH being returned, hoping to voluntarily close checking account by the 15th IF balance is zero. Question - I have been contacted 2 times now by Alliance Asset stating a couple of PDL (not sure which ones) were turned over to them for collection. When "Heather" called this a.m., I asked to be able to call her back on my lunch hour, she was VERY, VERY rude, almost to the point of being abrasive and in no uncertain terms, said if I did not speak to her supervisor at this time there was no alternative but to mark the file "does not wish to settle voluntarily". Can they do that? I would like to confirm the validity of the PDL, shouldn't they be obligated to provide me with written verification??

What state are you in? Alliance Asset is a third party collecto

What state are you in?

Alliance Asset is a third party collector which means they are required to follow the federal Fair Debt Collection Practices Act (FDCPA). The FDCPA states that a 3rd party collector must send you a written letter of collection via the mail within 5 days of their first initial contact with you, therefore, they should have sent you that letter of collection via the mail within 5 days. If they do not comply with the FDCPA they could be subject to a fine and even sued by you for up to $1000.00 in a court of law.

Keep in mind it is very important that you keep accurate records of any and all communications between you and Asset Alliance if you plan to file complaints (and you should) or you plan to sue them.

Make sure you keep a journal of each and every phone call you receive, whether you talk to them or not, keep track of each one, the time of day they called, date, name of person calling (always ask their name), also ask for their employee identification number, some companies will assign their employers a number for identification purposes. Anyway, you get the drift about accurate records.

Asset Alliance plays dirty pool, and they will probably never sue you, especially if your payday lenders are illegal, I would venture to say that most of them (if not all) are illegal, but that depends on the state you are in (you didn't mention the state you are in).

lrhall41

Submitted by Shazzers on Fri, 09/10/2010 - 09:35

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