Complaint Review: Asset Management Recovery Services - SBC

I can not speak for the state that you live in, but in Washington State the State Usary laws can be looked up in the RCWs (Revised Code of Washington). I suspect the fastest way to look up the law in your state would be to contact your local county law library and ask the librarian to direct you to the area of the law that addresses the maximum interest rate allowed by law.

Also, you might be able to contact your state law library for the same information by e-mail.

Hope this helps.

This may help try to google: state interest rates & usury limits or lectlaw

How would a person go about finding out what the interest rate is for each state?

Previously a report was filed against Asset Recovery of Palm Springs. This information was conveyed initially by the lender and confirmed by SBC. Both the lender and SBC have now retracted this information and believe the company is Asset Acceptance.

I have again contacted both Asset Recovery of Palm Springs and Asset Acceptance of Wisconsin. Asset Acceptance of Wisconsin admits having an account, but alleges the account is out of their Arizona Office. Asset Recovery denies having the account.

I have contacted the Editor of this website to let them know of the error and have taken steps to strike all reference to Asset Recovery of Palm Springs. All other facts in the case are the same.

Any suit against Asset Management and Recovery must be brought as a Class Action. Locally attorneys want an enormous amount of money up front and they won't take the case on contingency. Only an attorney that handles Class Actions will be financially successfull at bringing in the reigns of Asset Management. Sadly this is the reality of the Fair, Debt, and Collections Practice Act.

I did contact Experian yesterday and today and they want $10 to review the matter online; otherwise I have to wait more than 30 days. The Fair Debt and Collection Practices act is 20 years out of date and Experian or any other collection agency shouldn't be allowed more than 72 hours to fix a problem.

It is ironic that Banks and other lenders can access your credit with the click of the mouse, but you can't get such expediency when it comes to fixing erros in a credit report. And the reason why is the law is bad.

My case against Asset Management needs to be consolidated with all of the innumerable other cases against them into one big thorn in their side.

May the Bird of Paradise drop a nuclear turd on their headquarters in Palm Springs. :(

Make copies of the email and dispute the debt with the credit bureau. if they don't remove it sue.

and if now collection agency, does validate, use there email against them.

damage was done to your credit, you shouldn't let them get away with this

I received an e-mail this morning from Glen Brock, owner of Asset Management. He alleges that he doesn't have this account in his files. However, he is unwilling to contact Experian to have the information removed from the Experian Credit Burueau.

I received an e-mail this morning from Glen Brock, owner of Asset Management. He alleges that he doesn't have this account in his files. However, he is unwilling to contact Experian to have the information removed from the Experian Credit Burueau.

I received an e-mail this morning from Glen Brock, owner of Asset Management. He alleges that he doesn't have this account in his files. However, he is unwilling to contact Experian to have the information removed from the Experian Credit Burueau.

I received an e-mail this morning from Glen Brock, owner of Asset Management. He alleges that he doesn't have this account in his files. However, he is unwilling to contact Experian to have the information removed from the Experian Credit Burueau.

GENERAL INFORMATION FROM VARIOUS SITES ON DEALING WITH COLLECTION AGENCY'S

Tell them to validate by

. 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


1. NEVER talk to a collection agency on the phone. Period.
2. Keep good records. This can be the difference between a good and bad settlement. Don't expect them to remember you or what you agreed upon.
3. Send all correspondence via registered mail, receipt requested and put the registered mail number ON THE LETTER. DO NOT SIGN THE LETTER TYPE YOUR NAME
4. Keep a copy of every letter you send.
5. Penalties and extra interest are typically fictious amounts of money added on by the collection agency to pad their profits. Sometimes as much as to 50% of the debt or more claimed to be owed by a collection agency consisting of interest and fees. This is illegal, every state has usery laws (which dictate the maximum interests allowed to be charged. That is except North Dakota. There are no such laws which is why most credit card companies incorporate there.) Junk debt buyer pay anywhere from 1 cent to 7 cents on the dollar, there is no way there is this much interest.

GENERAL INFORMATION FROM VARIOUS SITES ON DEALING WITH COLLECTION AGENCY'S

Tell them to validate by

. 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


1. NEVER talk to a collection agency on the phone. Period.
2. Keep good records. This can be the difference between a good and bad settlement. Don't expect them to remember you or what you agreed upon.
3. Send all correspondence via registered mail, receipt requested and put the registered mail number ON THE LETTER. DO NOT SIGN THE LETTER TYPE YOUR NAME
4. Keep a copy of every letter you send.
5. Penalties and extra interest are typically fictious amounts of money added on by the collection agency to pad their profits. Sometimes as much as to 50% of the debt or more claimed to be owed by a collection agency consisting of interest and fees. This is illegal, every state has usery laws (which dictate the maximum interests allowed to be charged. That is except North Dakota. There are no such laws which is why most credit card companies incorporate there.) Junk debt buyer pay anywhere from 1 cent to 7 cents on the dollar, there is no way there is this much interest.

GENERAL INFORMATION FROM VARIOUS SITES ON DEALING WITH COLLECTION AGENCY'S

Tell them to validate by

. 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


1. NEVER talk to a collection agency on the phone. Period.
2. Keep good records. This can be the difference between a good and bad settlement. Don't expect them to remember you or what you agreed upon.
3. Send all correspondence via registered mail, receipt requested and put the registered mail number ON THE LETTER. DO NOT SIGN THE LETTER TYPE YOUR NAME
4. Keep a copy of every letter you send.
5. Penalties and extra interest are typically fictious amounts of money added on by the collection agency to pad their profits. Sometimes as much as to 50% of the debt or more claimed to be owed by a collection agency consisting of interest and fees. This is illegal, every state has usery laws (which dictate the maximum interests allowed to be charged. That is except North Dakota. There are no such laws which is why most credit card companies incorporate there.) Junk debt buyer pay anywhere from 1 cent to 7 cents on the dollar, there is no way there is this much interest.

GENERAL INFORMATION FROM VARIOUS SITES ON DEALING WITH COLLECTION AGENCY'S

Tell them to validate by

. 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


1. NEVER talk to a collection agency on the phone. Period.
2. Keep good records. This can be the difference between a good and bad settlement. Don't expect them to remember you or what you agreed upon.
3. Send all correspondence via registered mail, receipt requested and put the registered mail number ON THE LETTER. DO NOT SIGN THE LETTER TYPE YOUR NAME
4. Keep a copy of every letter you send.
5. Penalties and extra interest are typically fictious amounts of money added on by the collection agency to pad their profits. Sometimes as much as to 50% of the debt or more claimed to be owed by a collection agency consisting of interest and fees. This is illegal, every state has usery laws (which dictate the maximum interests allowed to be charged. That is except North Dakota. There are no such laws which is why most credit card companies incorporate there.) Junk debt buyer pay anywhere from 1 cent to 7 cents on the dollar, there is no way there is this much interest.