Complaint Review: Asset Acceptance - Warren Michigan

Go here: budhibbs.com Click on "Agencies To Avoid" Scroll through the list of collection agencies. It is in alphabetical order. Hibbs' site has a wealth of information on these parasites and how to deal with them. Don't let them drag you down! Fight back! Good luck!

Today I received a collection letter from Financial Recovery Services Inc out of Minneapolis. Their client is Assett Acceptance LLC, for my Citibank Account. IN January I received a letter from Asset Acceptance and I sent them a registered letter askign them to validate their claim. They sent me back a computer print out that showed that I owed half of what they were attempting to collect and also that the last activity date of was back in 1989. I never contacted them again. They sent me a couple letters stating that they would make a deal if I paid like 50% of the debt they would call it paid in full. Today, I get a letter and I am shocked. I have never seen a Collection Company assign their debts to another collection company. I am wondering what they are up to ? Anyone have a clue? Its been 18 years since any activity occured on this card. The orginal balance was 500.00 LOL.. It was a college credit card. Asset also has another credit card from college that they are attempting to collect on. Again almost 18 years since the last activity date. Its been 18 years since I have any bad debts. I have been fortunate, and have a 740 Credit Score. Of course I do not want anything to ruin this. Anyone know what they are up to ? Any guidance on what I can expect ? What should I do now.. Send this company a SOL Letter ? They are known for their lawsuits...

Lawrence, Asset Acceptance are JUNK DEBT BUYERS as well as debt collectors. The original creditor is in no way involved here. A debt of that age has most likely been sold at least a dozen times. Here is what you need to do. First, stay off the phone! Second, send a DEBT VALIDATION request to them, but DO NOT sign it, or your signature will most likely end up on some "contract". In this request, clearly dispute the debt, and DEMAND to see the original signed contract that created the debt, as well as a full account history and itemization of all charges. Also demand to see the complete chain of title on the sale of the debt all the way back to charge off. They would need all of this in court if they attempted to sue you. Send this letter by certified mail, return reciept requested. Be sure to put the certified# on the letter itself, and keep a copy for your records. This procedure is very important. And, if they do list this on your credit report, you have a slam dunk lawsuit against them. The debt is past both the credit reporting SOL and the collections SOL. They cannot do anything, and they know it. They just try to intimidate you into making even a small payment, which resets the SOL and affirms the debt, making it legally collectable. Hammer these fools!

Lawrence, Asset Acceptance are JUNK DEBT BUYERS as well as debt collectors. The original creditor is in no way involved here. A debt of that age has most likely been sold at least a dozen times. Here is what you need to do. First, stay off the phone! Second, send a DEBT VALIDATION request to them, but DO NOT sign it, or your signature will most likely end up on some "contract". In this request, clearly dispute the debt, and DEMAND to see the original signed contract that created the debt, as well as a full account history and itemization of all charges. Also demand to see the complete chain of title on the sale of the debt all the way back to charge off. They would need all of this in court if they attempted to sue you. Send this letter by certified mail, return reciept requested. Be sure to put the certified# on the letter itself, and keep a copy for your records. This procedure is very important. And, if they do list this on your credit report, you have a slam dunk lawsuit against them. The debt is past both the credit reporting SOL and the collections SOL. They cannot do anything, and they know it. They just try to intimidate you into making even a small payment, which resets the SOL and affirms the debt, making it legally collectable. Hammer these fools!

Lawrence, Asset Acceptance are JUNK DEBT BUYERS as well as debt collectors. The original creditor is in no way involved here. A debt of that age has most likely been sold at least a dozen times. Here is what you need to do. First, stay off the phone! Second, send a DEBT VALIDATION request to them, but DO NOT sign it, or your signature will most likely end up on some "contract". In this request, clearly dispute the debt, and DEMAND to see the original signed contract that created the debt, as well as a full account history and itemization of all charges. Also demand to see the complete chain of title on the sale of the debt all the way back to charge off. They would need all of this in court if they attempted to sue you. Send this letter by certified mail, return reciept requested. Be sure to put the certified# on the letter itself, and keep a copy for your records. This procedure is very important. And, if they do list this on your credit report, you have a slam dunk lawsuit against them. The debt is past both the credit reporting SOL and the collections SOL. They cannot do anything, and they know it. They just try to intimidate you into making even a small payment, which resets the SOL and affirms the debt, making it legally collectable. Hammer these fools!

Lawrence, Asset Acceptance are JUNK DEBT BUYERS as well as debt collectors. The original creditor is in no way involved here. A debt of that age has most likely been sold at least a dozen times. Here is what you need to do. First, stay off the phone! Second, send a DEBT VALIDATION request to them, but DO NOT sign it, or your signature will most likely end up on some "contract". In this request, clearly dispute the debt, and DEMAND to see the original signed contract that created the debt, as well as a full account history and itemization of all charges. Also demand to see the complete chain of title on the sale of the debt all the way back to charge off. They would need all of this in court if they attempted to sue you. Send this letter by certified mail, return reciept requested. Be sure to put the certified# on the letter itself, and keep a copy for your records. This procedure is very important. And, if they do list this on your credit report, you have a slam dunk lawsuit against them. The debt is past both the credit reporting SOL and the collections SOL. They cannot do anything, and they know it. They just try to intimidate you into making even a small payment, which resets the SOL and affirms the debt, making it legally collectable. Hammer these fools!