Complaint Review: AAC Asset Acceptance

On 6/3/06 my husband and had a credit report pulled were in the and on the credit report was two accounts one thru AAC and the other for Asset Acceptance, both the same accounts in the amount of 879, which was for an old credit card my husband with Direct Merchants Bank back in 2000. Which had a high balance of 605 and according to a report from equifax it is showing that the account was paid and there is a $0 balance,date of last acitivity was 12/00

So on 6/12/I had called AAC&had spoken with a Denise Hester and explained that I wanted to take care of this amount and set up payment arrangments(worst thing I could have ever done)that is when she had explained that the amount was now 881, and that my husbands account was getting ready to be sent to their legal department for collection and that they would start garnishing his wages if the amount was not paid by the end of the month.

deniseHester said that they would settle for 1/2 payment and they would match dollar for dollar, so I set it up, but on 6/15 I called and told her that I wanted to pay 220.44 and the other half at the end of the month, and that is when she got an attitude and told me that if I cancelled any more payments that I would have to pay the balance in full or else they would turn it over to their legal department. they haven't yet but they are constintley updating my husbands credit report, even when there hasn't been any acitivity since June 19.

Well we never received a bill in the mail from AAC until I called and now they have reported on his credit report to make it look like a new debt and are claiming we are 120 days late on a payment, how can they get away with something like that?

Amanda
new holland, Pennsylvania
U.S.A.