Bureau Of Asset Management Very shifty, unprofessional, usually unlicensed. Don't send them money Anaheim California
I received a phone call from an old friend. He said that this company had contacted him and were trying to serve me a summons in order to sue me for an old hsbc account, almost 7 years old.
I contacted them, and the high pressure tactics started. They informed me that I was going to be sued, and to send them $3900 to stop them. This is on an original debt of less than $800. I told them I would try to arrange something, and the phone calls started coming from them almost hourly. They were adamant that I set up a payment IMMEDIATELY, which made me somewhat suspicious of them. Very stern, threatening and unprofessional. Granted, they are in California, and I am in Ann Arbor, MI. Any more dealings I have with them will be recorded.
I did some research on them, and found out that they had been sued by the AG's of several states for unlawful practices. They buy old debt, and basically set their own number of what should be paid. They also operate under several different names, and change telephone numbers often, essentially to skirt anybody doing research on them. It's not a large operation, and they have no real legal staff.
Simmons
ann arbor, Michigan
U.S.A.
3 Updates & Rebuttals
John
Louisville,Kentucky,
U.S.A.
re
#4Consumer Comment
Tue, September 09, 2008
Send them a letter via Certified Mail + Return Receipt stating:
Per the Fair Debt Collection Practices Act, I am requesting:
- written validation of this alleged debt and that said alleged debt is within the statute of limitations
- Cease all verbal communications with me about this alleged debt.
Anonymous
Jackson,New Jersey,
U.S.A.
Additional Complaint
#4Consumer Comment
Mon, September 08, 2008
My fiance just recently dealt with this Bureau of Asset Management. Like most of the other complaints, this company found an old outstanding debt and tried to collect over twice the actual amount owed. The actual amount was $950.00 and they attempted to collect $2200.00.
They threatened her with subpoenas, court appearances, & lawsuits. We are located in NJ and they also threatened to send "paperwork" to their "attorneys" over here. It was all complete nonsense. I went ahead an emailed a local news office who investigates dirty collection tactics and was told to check out the Fair Debt Collection Practices.
Well, I did and to no surprise, this company broke more than one rule listed. So, I filed a complaint with the FTC and that's where it is to date. I don't know if they'll investigate the situation based on a single complaint, but it's a start. Good luck to anyone who has to deal with these con artists.
Simmons
ann arbor,Michigan,
U.S.A.
update
#4Author of original report
Sun, September 07, 2008
They also do business under Credit Recoveries inc.