Asset Acceptance practices

It was one of my friends who was in debt and went to them.The company address is,

7027 Miller Rd

Warren, Michigan 48092

(Branch offices in Baltimore, San Antonio, Cleveland, & Brandon, FL.)


But then,he has faced a lot of difficulties and extra trouble for depending upon them.As a customer's friend I would not suggest you all debtors to go for this.

These people are experts in harassing the debtors.Though they claim to have a through check up after you join them,but never ever they do so.One of my uncles once went to them for some help,but poor chap,he had to loose more than he thought of.

They even break the Fair Credit Reporting Act (FCRA) sometimes which is bound to throw you into trouble.

An address I have for them is:

asset acceptance llc
P.O. Box 2036
Warren, MI 48090-2036

I'm just checking this company out right now. My husband received a notice from them today saying he owed $800 for a phone bill. But there's no way. He hasn't had a phone in his name in over 16 years. So either it's identity theft or a scam.

I plan on calling our local phone company tomorrow to check things out with them.

[quote=Homes]These people are experts in harassing the debtors.Though they claim to have a through check up after you join them,but never ever they do so.One of my uncles once went to them for some help,but poor chap,he had to loose more than he thought of.

They even break the Fair Credit Reporting Act (FCRA) sometimes which is bound to throw you into trouble.[/quote]
I am looking for a group of people to sue this company because of its unfair practices. Please Advise

Hi Guest

You can individually lodge a complaint with the FTC and report them of the unfair practices that Asset Acceptance has used most commonly.

The authorities will investigate your complaint and will take necessary action for the prevention of the consumer rights.

You can also file a complaint in your state attorney general office to take stern action against the said company for violation of the law.

Regards
Roxette

I had a phone bill, they sent me a payoff letter so I paid the payoff amount. They cashed the check, never updated the acct on my credit to show it was paid. I disputed it with the credit bureau, when it came back to them, they said I claimed fraud and gave me the run around. Thankfully I have learned to keep the letter, the cashed check copy and put all IMPORTANT information on the check. They finally after a few weeks released a paid letter. I "supposively" have 2 other accts with them, too old to list on my credit. I told them that I will not discuss anything else other then this one acct. they tried to use the fraud and asked me if I was sending in a police report for the fraud AFTER I got a letter that this acct in question was paid. I dont bother with them now. They call from a 800# that is a recording.. forget that!

I had a relativly good experience with them, they let me pay $25/ mo. as postdated checks. finally after two years I got a lump sum back on taxes, so they settled with me for 54% of the remaining balance. Very nice people there (3 total that I talked to at different times). I wish that they would take over my Palisaed account! :oops: UGH! I hate Palisades :x

Sounds to me like some type of ligitimate mafia backed by the court system.They roam from state to state buying debt add fees on put you on a payment plan.sounds like some new world order.If the the people that you owe money to feel they can't win in court and don't have a case they just hand it over to the asset acceptance.remember the government is broken why should you question if your state is broken.

Asset acceptance is a piece of crap company ! PERIOD ! The people that "work" for this company are idiots ! I have read 1000 websites about this company... if you notice the ARE THE ONLY ONES that have this many complaints. They LIE all the time !! They tell you after you pay your debt they will delete it from your credit report for you!! THEY LIE !! You ask them for all original documents (WHICH IS REQUIRED BY FEDERAL LAW FOR THEM TO PROVIDE OR DELETE ACCOUNT) and they cannot find them so they send you a fake document. They are a bunch of bottom feeders and ARE going to burn in hell ! They are the NUMBER ONE reason why america is falling apart money wise. People like that ! companies like that ! The ONLY reason they are still in businesss after soooo many complaints is because you need to get alot of signatures on a piece of paper and file a class action lawsuit ... which I am compiling at this moment !! If you fell victim of this company email me whenever you can... (email address removed by Shazzers per TOS rules) LETS FIGHT THEM TOGETHER !! they can burn in hell...

any time u pay asset u need to wait 21 days for a pif unless u do a money gram or western union, thats why it toook so long for the person here to get a pif, as for the reporting we report to the cbr with in 30 days of the payment or settlement, its up to the cbr companies to update your credit file as that has nothing to do with us, most ppl are not up to speed on the collections laws and policies of a company and fail to take the time to pick up a phone and call our company and ask what our policies are and how we report and what time frome they are looking at!

So you work for Asset Acceptance? You try to make your company sound innocent? Well let me tell you....

I recently got a collection letter from your company for a credit card I never had, from a bank I had never heard of, back in 1997, claiming that I owe just under $1000. I have only used debit cards until recently (and even now I only use what I can pay off in a payment and never have to pay interest).

#1 this would be well out of the Statue of Limitations, yet your company evaded that.

#2 when I asked for verification your company just sent me something on your letter head stating the original company and the amount I allegely owe. No dates, no breakdown, no statements and NOTHING fromt the orinal alleged collector. This was presented to me as validation. Nice try but no cigar. That is not validation.

Perhaps since the orignal alleged collector (as my research shows) went out of business nearly a decade ago it is difficult for your company to provide validation under the FDCPA and so you try to trick me into believing this is validation and I owe you $1000. Sorry not that stupid. Your company on the other hand are as others said: bottom feeders.

I am a former employee of Asset Acceptance. I don't know if this will help you out, but on April 1, AA is set to lay off around a dozen employees in the Compliance/Legal department. Many of them are expected to be workers in the Quality Assurance Department. In other words, these are the very SAME people who are supposed to be monitoring the collectors so that they will not continue to violate your rights!
Also, you should all know that people in the QA department have REPEATEDLY complained that their reports against offending collectors have gone unanswered! In other words, the QA folks say, "Here are the violations we found!" and the supervisors and various powers that be basically say, "We can't hear you!"

For the past 6 mos or so these people have been calling me and asking for all kinds of different names, never my own name. i have zero unpaid debt.When i complained, they said they cant talk to me without an accnt number. I DONT HAVE ONE, as i dont have unpaid debt.What's up ? i called, PUCO, FTC, and finally, FBI, for illegal business practices. next, my phone company to have them blocked,it can be done.

It is interesting to see these posts on here. I began working for Asset Acceptance on 7/6/09 so I am still being trained. I definitely didn't want to work for this copmpany, but have been unemployed since March. Everyday as I learn more, I get more and more of an uneasy feeling.

So far this week, I haven't heard any thing or seen anything that would lead me to believe anything was being done wrong, but then again, I could be very wrong.

I am dealing with them wright now. Iam trying to settle a dept fom 7 years ago. i owed value city furniture $200 now seven years later i get a notice from asset accseptance saying they were going to garnish my wages for $2500 i called and offerd them to settle for seven hundred and they would not except.i spent all day on the phone today trying to talk to a credit manager and i would ether get hung up on or an answering machine.Somthing thing needs to be done about this company.

asset acceptance compay is the biggest joke to fraud collection out there. I have hired an attorney to handle my case. THey tried coming after me for a debt that I had more then seven years ago, and sent wage garnishment to my company. I was married last November and according to law you can not bring prior debt into a new married household, had a great attorney and he squashed it. Got all of my monies back. Now this company has fraudantly added my husband on the debt and is trying to deduct my wages again. I will fight every ounce of my being to make sure this company pays me back double what I owed years years ago, and then get them for harrasement and fogery. THey are the worst company to have to deal with ever.. Sick .

I receive phone calls everyday from asset acceptance and my wife is really getting tired of hearing the phone ring. She is ready to divorce me because of the calls day and night, even on Sunday! The debt they say I owe is from 28 years ago and they offered me a settlement of 99 dollars from an 800 dollar bill. I would be happy to pay the 99 dollars just to keep the phone from ringing but my wife will not let me pay it because it is not on my credit report. I am not really sure I really owe it in the first place, it's from so long ago I really don't remember. If anyone knows if this is a legitimate company please let me know. Thanks!

Quote:

Collection agency employee speaking??? oh no! No worries, I am not from Asset Acceptance! I am here with friendly advice???


If you receive a bill/phone call from a collection agency there are two HUGE things you should do:


1) Ask questions, questions, and more questions! Always ask who you are speaking to and their supervisors name. Ask them to verify your information, as it reads in their system. (What do your records show my address/date of birth/last four of my social security as?) This will directly identify if they are speaking to the right person. Ask them what date they received the account from the original creditor, and if they have sent a hard-copy letter to you? (Date? Address? Name addressed to? ) Ask what the bill is for, date(s) of service, what the service rendered was, and doctors/patients name (if applicable). And very important ??? ask for a record of the conversation, and ask if all calls are recorded. (Confirmation Number, Date, Etc.)


2) If you do owe the bill, ask for a settlement! Most collection agencies are given empowerment (sometimes up-to 40% off original amount) to settle debt. Example, if you owe a $1,000 bill ask if you can settle the account for $400. You would be surprised how many settlements are extended to polite debtors if they simply ask. Just ask for written verification via FAX. Also, if you owe the bill and the CA is just extremely unfriendly, simply send your payments to the original creditor. The CA will still get the credit and the issue will be resolved, but it really pisses the collection agent off!

Hope this helps!

I have been contacted by Asset Acceptance two years ago for a bill that is not mine for a city I have never heard of nor ever been to. According to my credit card's fraud department they find people with similiar names to stick the bill to. I changed my phone number because they would not accept the fact that I am not the owner of the debt. Now, it appears that they have accessed my credit report to obtain my current phone number. I have changed my phone again. On the advice of the Fair Trade Commission and the Attorney General's Office, I have sent them a "Stop Communication" letter yesterday and saying that I am not the owner of the debt.

Am I now in danger of being summoned to court as a result of the, "Stop communication" letter? I filed a police report yesterday. The police officer told me he will be contacting them to tell them to stop contacting me. In the past, when I have called the police, Access Acceptance hangs up on the police officer. Two days ago when the police were here, he also called them but they told him to pass the phone to me. When the police officer passed the phone to me. I was asked me if such and such social security number was mine. I said, "no." They hung up on me. They are not intimidated by the police. They just ignore telephone calls from the police.

From reading complaints on the internet, it appears that once Asset Acceptance gets a Cease and Desist letter from the wrong person they use that letter to summons the WRONG person with the similiar name as the original debtor had to court.

Has anyone else been in this situation of being summoned to court for having a similiar name as the original debtor?

Again, I have been told by one of my credit card company's fraud department that they find people with a similiar name to stick the bill to and that they don't care of they go after the wrong person. They figure that the wrong person will give them the money to make the problem go away.

they suck. i just recently was terminated and it was because my supervisor didnt like me...she has had complaint after complaint about her, but of course, HR does nothing. that company is going NOWHERE FAST.

I am currently in litigation with Asset Acceptance and I have never dealt with a more unethical, lying corporation in the USA. They have had legal action against them, with the FTC, unfortunately, I cannot find any detailed information.
They do not keep correct records. they guess amounts. They have changes counsel on me five times, in a seven month period. They are ecil

I was paid off my debt with them today and when I checked my account I was charged twice. What can i do?