Asset Acceptance Complaints - Know more about them

I agree Mrs. Robinson. I am dealing with them now-
I have a couple irons in the fire and will be sure to post here if anything transpires. I am currently in the discovery phase and would appreciate any advice anyone can offer. They violated section 809 and 812 of the FDPCA. Haven't checked my cr yet, though I will do that soon. Also filed complaint with ohio attny general.

i've received a letter from Asset Acceptance, LLC stating that i owe 811.00 for an account that I had almost 15 years ago. I've called twice and eachtime the officer has made me an offer of a quick payoff of first, 410.00 and then the second time i called,the officer (different from the first) told me i could pay it off in one quick 350.00 amount. I have always had good credit. i don't know if this credit balance is legit from all that time ago. I MAY have had a balnce of 100.00 on an account 15 years ago - but i never recieved any collection account bills in all that time. What do you recommend?

I read every single post on this site. I decided to share my story. This collections agency is the worst ever. My husband and I claimed a BK in 1996. Within that BK an amount from a cirut city credit card with the total of $400. Which was accepted into the BK. Years later...in 2005 we were on our way to buying a home, our first. So I pulled our credit report and signed up for monitoring so I could be on top of things. Saw this company with a debt marked $1200. I wondered who the heck I owed this money to and why wasnt I contact. I contacted AA myself to find out. This is where my trouble began. I argued with the CSR over the debt about the BK. The woman on the other end called me a deadbeat, that only deadbeats claim a BK. I also asked for VALIDATION of the debt (I have done collections in my lifetime) She said to me she didnt have to give me any validation. I basically outlined the law and asked to speak to a supervisor. I outlined to the other person which claimed to be a supervior, about the BK and that the $400 was null and void. He still insisted I owed the debt of $1200 because of interest. I told him that he cannot tack on interest on a dead debt. That I refuse to pay. The conversation ended..

Next couple of days I get email from credit monitoring not only did they put multi entries 3to be exact with different amts within $50 of each other. They claimed I paid $5 to them on one of them. I never made any payments. On top of it they put an inqury on my credit report. ALL HAPPENED ON THE DAY I SPOKE TO THEM REFUSING TO PAY. Also in the mail I got a laughable spreadsheet in the mail from AA that had thier name on it with circuit citys name and the amt of $1200 on the top in big bold letters the word VALIDATION...which doesnt count btw there is no accounting on it nor is there any other transaction information.

I was worried that I wouldnt get my home. I did, but not without having to write a letter about the entries to the bank who was doing the loan.

I got the credit agency to finally delete the entries after I moved into my home. I thought it was over until last week I got a letter in the mail from AA with a new amount of $1347. Low and behold they are back on my report.

I am going to talk to the original creditor (Circuit City) and get them to confrim the debt on thier end as well as gather my BK paperwork. I have had it with these people. I am also going to write AA to give them one more chance to stop. Then if they dont I am taking them to court.

Dont take it from them they are clearly breaking the law.

AA had a ballys account on my credit report in February of this year. It has been removed and I still have copies of my credit reports from Equifax. AA says that every month a 15% charge is added to the balance. I asked them who's adding it them or ballys? The woman said Ballys. But when I spoke with Ballys they didn't say anything about it. The woman sounded confused about that part of the fee.

I am currently being bothered by Asset Acceptance. They have a listing on all 3 CRAs, with different estimated dates of removal. Recently, I disputed with Experian, and they changed the removal to 2010. I have sent a dispute to Asset and will soon send a letter of FDCPA/FCRA violations. I am going to demand that they remove the listing and compensate me for damages. I have also sent a complaint to Experian for allowing the date to be changed. :!:

Call your local attorney Generals office. Keep all communication in writing. If you are in the right. Once you ask for validation .Debt collection will stop.

Let them know they are attempting to collect a debt from the wrong person or sol has passed.

About two or three years ago I got a letter in the mail from Asset Acceptance wanting to collect some 9,000 dollars for some account with the First National Bank of Omaha. Well heck I had never heard of the bank nor have I ever had any kind of account or credit card with them nor have I ever up to that point asked to even pay a bill for any account of that name. So I call up Asset Acceptance and explain the situation and the person I talk to looks at my credit record while she is on the phone with me and says yeah your record is clean I doubt this is your debt and we will get it taken care of.
So I think great then about 6 months later another letter shows up and I think to myself you know if they are to dumb to figure it out and can't do their job why should I waste my time doing it for them so I just throw the letters in the trash. Well finaly after about another 6 months of letters they call me up and I talk to another rep and I tell that person the same stuff and they do the same thing look at my record and say yeah this doesn't look like your debt we will get this taken care of for you.
Well another several months go by then suddenly the letters start again. And once again I figure hey I'll let them waste all the money and time they want to waste pursuing this dumb endeavor so I just throw the letter in the trash.
Well finaly this last week they call me again. I tell them the whole thing covering the last two calls then while the person is once again confirming that the only unpaid debt I have ever had appear on my credit report is this stupid 9,000 dollar debt that I have never heard of I ask the person so when did this supposed account get opened and what was the address of record for this account. Well they tell me it was opened and paid for from 1989 and paid upto (I think they said it was) 1998. Well heck I tell them I didn't even graduate High School until 1988 and my wife and I didn't even get our first credit card until 1993. Then they tell me that the record of address they have is for some address on Baltimore Street (funny they were not willing to give me the full address I guess they don't wont figuring out who actualy owes this money) and then they told me the next record of address was for the street I have been living on for the past 10 years. Well then I inform that I have never in my life ever lived on a Baltimore street (and for that matter niether has my wife) So once agian the person agrees that they don't think this is my debt and they are quite sure they will have this taken care of by the end of the week.
Well today I get a letter in the mail saying they understand I am claiming fraud???? I am doing no such thing I have never even been billed for such a debt why would I file a claim of fraud over debt that I never even had until Asset Acceptance suddenly decided to send me some random letter wanting to collect money from me. I mean if this First National Bank of Omaha had even once sent me even just one bill trying to collect (I mean after all according to Asset Acceptance my address was recorded as the billing address) then I could see that they would have a case for wanting to collect on a debt that they purchased. But how in the heck can a Debt collecting company collect on a debt that never even existed before they bought it? Their insane as far as I am concerend and I will meet them in court if they want any thing more from me

Don't be scared of the word fraud. It doesn't mean you are commiting fraud it means that there is a possibility of someone else useing your information.

Actually in a way I took your advice FYI. I got to thinking today while at work that I could go to the police station and file a charge of fruad against Asset Acceptance. Fact is First National Bank of Omaha never once tried to get me to pay that debt it was only after Asset Acceptance bought the debt they suddenly decided it was mine so I figure I will just file fruad against them.
Funny thing though my wife beat me to the punch. She called them up today and talked to them. I guess she found out that whoever had opened this account was using some P.O. box for his address or something like that and she informed them we had never had a PO box not even during the years I had been in service and we had lived overseas. I guess she also found out that I guess this debt does not even appear on any of our credit reports. It seems as though after Asset Acceptance bought this debt they didn't know who it belonged to and we think they just mearly mailed a collection notice to everyone that just happened to have my name and who lived in the Kansas City area hopping that one of them would just suddenly pay the bill. She informed them that we were not going to file a claim of fraud against First National Bank of Omaha because they had never tried to collect from us nor had anyone stolen our identity and that if anyone was going to be charged with fraud it was going to be Asset Acceptance. The person she talked I guess went away for a long period of time and then came back and said that they were closing this debt and that we did not owe it. My wife replied and said we had been told that all ready 3 times before. He promised the account would be closed and that they would send a letter outlining that the debt had not been ours. My wife then further informed then that if we got contacted anymore at all about this matter (except for the letter) that we would then be taking this matter up with our lawyer. Who knows maybe they will stop harrassing us now?

bally fitness is a f***ed up company....i went through the same issue. I thought it was a free trial.. but they billed me later..put on my credit report.

I am having a huge problem with Asset Acceptance and it has gone on for the last couple of years. According to them, I had an account with Providian Financial that began in July 1999 and was turned over to Asset Acceptance in 2003. When I looked at my credit report, the information about Providian says they were paid up until August 2004. I have been hassled by Asset Acceptance before and when I asked for my records in 2003 they told me that they would order them and I would have to pay the debt in full. I told them to send them and they never sent me any proof of this account. I was also told that they talked to my wife in 2003 but I did not get married until 2005 and we were not even together at that time. My wife and I have just refinanced our house and now Asset Acceptance shows up on my credit report saying I still owe them this money. When I called them again today, I remained calm and asked that they show me proof of this account. I was then given the same speech about how they would order them but I would have to pay in full once receiving the documents. When the CSR asked me my intentions, I simply told her that I required the documents and I would take the next steps in resolving this situation upon receiving proof of debt. The CSR tried to get confrontational and tell me how that all of a sudden I am calling them because I refinanced my house in September/October and I saw them on my credit report and was just now calling them. They did not report me until this month. It was at this point that I was hung up on. Sorry for the long post, but this is so frustrating. I feel like I am being shaken down by criminals. What should I do from here?

These jackals have been after me too. What bothers me is that even on very old debt AA (on Experian) publishes as an active date the date they took on the account. So a debt that is 7 years old looks new on Experian when they list it and the actual date of last payment (for SoL) purposes is not shown.
I am glad I found this site because I thought AA was a business to be taken seriously...now I know everyone has problems with these scumscrubbers...

There is no such thing as a free trial if they are asking for credit card or banking information. Not to mention the fact that Bally's has you sign a contract in getting a "free trial". You get like 10 days to cancel the contract, with would be your free trial period.

please advice me..i have a huge problem with this same credit agencie as of today i just found out they put a hold on my checking account they have been harrassing me for years for an account from providian bank wich they bought from providian. that account was charge off and it was deleted from my credit reports and now it was put back on my reports by this company name asset acceptance llc company but now they have a law firm call SHarrin & lipshie. P.C. representing them. is this legal for them to put a hold on my checking account if not how can i fight this...

Hi, I called and talked to Human Resources.
Here is their Physical Address.

28405 Vandyke
Warren, MI 48090

I received a call from AA around 2 months ago stating that I owed a debt of $242 for a Bally's Account from 1991. I had not received a letter regarding this, so I told them I didnt know anything about this debt since it was over 15 years ago and for them to send me a letter regarding this debt.

I recieved a letter on December 7, 2006 stating that I owed this debt to DAIWA and it had an account original account # and a new account #.

I followed the advice here and sent a valadation letter in the format provided on this site with my info. I sent it certified mail, return receipt to

PO Box 2036
Warren, MI 48090-2036

On Jan 18, 2007 I revceived a second letter which basically stated what I owed and showed the original amount and what the interest was.

No other information was provided. Again the Debtor was listed as Daiwa, I have no clue who this is or if I even owe a debt at this point.

I checked my Experian CR and found no hit by AA. I plan to check my other CR's this evening.

I had read on another site that it is important to have the certified letter # written on the letter...to help prove you sent it.

My question is since they did not fully respond to my request, should I keep sending validation requests is there a sample follow up letter that I should send stating that they have not responded properly and I still need validation. If the SOL is so far out (15 years) should I send a letter stating thus, and if so is there a sample format I should send?

I appreciate any and all help.

FYI...I read some financials about AA and it is stated that they purchase debts for around $ .02 to $ .03 on the dollar. Meaning a $100 dollar debt they would pay $2.00 to $3.00 for.

There stock seems to be doing well...I say in the mean time purchase some company stock from them...make a little money in case you have to pay any debts.

Also FYI...I had received a notice of a class action suit for Arrow Financial relating to the purchase of accounts that have past the SOL..specifically related to BAllys.

If memory serves me correctly y'all, Bally's Fitness Center(s) was sued by quite a few states back in the late 90's for this very subject being discussed here. I'll hunt around & see if I can locate that info. Bally's was fined quite heavily. If they've sold off their client lists from the 90's.....hehehe! oh boy!

It is more likely that their debt has been sold over and over again. That is how those companies get around being sued in class action cases...they just sell the debt, or create new companies and sell the debt to them, etc..

time to shut 'em down don't ya think? ;)

Does anyone know if there are any pending class action cases against AA in CA or elsewhere?

I was still wondering if anyone had any information for me on what to do next.

I am sending a second validation letter...in more detail. I dont know who that company is or if I even owe anything.

If they dont respond to my second letter should I just not do anything?

I dont want them to start hitting my Credit Reports if I just ignore them...I also dont want to send a ton of certified letters at $5 a pop....it sort of defeats the purpose of not paying them money I dont owe.

how long is the statue of limitations?

The SOL in CA is 4 years...and the reporting time to my Credit Report is 7. IF the alleged Debt is valid. I believe it is from the early 90's, well out of the SOL.

I am sending another validation letter today...than when they dont respond I will send a cease and desist letter.(certified of course) and just leave it alone...unless they try to take me to court. Being that it is less than $300, I doubt they will. I will just have to keep an eye on my Credit Report.

There is a lawsuit against bally's because they are doing this to many people,try to find out and maybe you can join that group. Ballys have all your info and without asking they renew your membership without informing you or without your consent

I had signed with bally's in 96 now 2007. I lived in Ohio at the time. I am not sure what the SOL is on cases like this in Ohio. I haven't heard anything from these people in years until recently when I got a wage garnishment from Asset acceptance. Lucky me. I have 2 children to raise so I hit the fan on this one. I talked to an attorney and he told me to file a motion to set aside judgment. In this case they have to prove they tried to contact me over the years. I will have to let everyone know how this turns out. From what the lawyer told me the odds are in my favor he has delt with these people before. Hopefully we will see in a couple days.

I have proof AA re-aged my Bally's account. How do I sue them.

If a class action suit against asset acceptance llc has not been brought one should be. My wife had been paying off a visa card issued through another scammer Providian Bank. She was informed by an agent of Asset Acceptance LLC that she had only one payment of $500.00 left to pay and her Visa card would be paid in full. She sent two installments of $250.00, and assumed the matter finished. She never received a receipt of this final payment. Then she heard back from Asset Acceptance LLC and they informed her that she had an outstanding debt of $12,000 owed to Providian Bank. My wife informed the individual that she never ran the card over the $2,000 limit and there must be some mistake. She asked for any documents showing where the charges were made, and the individual told her that he could not do that. How can they legally refuse her any documentation in their possession showing why she owes that amount? They have never sent her as much as a letter to request payment. All of their communications with her have been over the telephone, and many times they have used threats to coerce her into paying on this amount void any verification of her charges. How does she proceed with this?

Hi, guys. I just had a run in with Asset Acceptance, and I have to say it wasn't pretty. They began harrassing me approx 6mo ago for a debt that was settled on by another debt collector, 2 yrs ago. First of all, the guy I was speaking to would quickly resort to yelling at me and telling me to listen to him after asking me a question and not letting me answer. Oh by the way a letter from the other debt collector was faxed to them showing that it was settled. When I would catch this guy in a lie, he would again quickly resort to yelling at me. And after many hang-ups on each other, all this was with the same guy, I decided to do to them what they do to us...I called every minute asking to speak with this guy, finally the person who answered the initial call every time told me to quit calling and that she wasn't going to transfer me, so I said fine I will hang up and call again. And yes I called again, from this point I was transfered to someone who said they were the manager(probably not)and in a matter of minutes and faxing the letter from the other debt collector he told me the acct would be closed...so I guess I will have to wait a few months to see if that is really true or not.

medic, I'd advise filing a complaint with your attorney general and the FTC. I'd also send Asset Acceptance a cease and desist letter-forbid any and all communications on their part. Make sure you send your letter return receipt, so if need be, you can prove they got it. If they contact you after that, you can sue for damages under the FDCPA.

Mr. Thompson, have your wife send a letter demanding both verification of the charges, and validation of the debt. They are prohibited from attempting to collect an amount in dispute (until it is properly verified). If they cannot provide validation, they cannot collect the debt. Send the letter return receipt. While you're at it, send another letter restricting their communications to letter form only, and review the FDCPA. The FCBA may also come into play, but I have no experience dealing with it.

Help I need to contact them to find out how I get information on old credit reports. I am also dealign with assest acceptance and there is nothing on my credit report now nor has there been for a few years. Will they be able to tell me of item on my account over 7 to 10 years ago?

asset acceptance llc has posted to my Experian report a false date from an old debt and Experian is allowing them to do so even though I repeatedly sent certified letters to both agency.
Asset Accept will not even give me a response to my certified letters.

"Collection account. $2,030 past due as of Mar 2007.Status Details:
This account is scheduled to continue on record until Jul 2013.
This item was verified and updated on Mar 2007. "

This is what Experian is allowing Asset to report when the debt was defaulted in 2001 not 2007 because money was embezzled from a Refi.
I hired an attorney and because the loan officer was involved with a phony HUD the escrow insurance is not liable due to to fraud from an employee, so I was left with 2nd victimization and now by the creditors and bureaus 3rd and 4th.

supposedly experian verified this dispute & added this
"Your Statement:
Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act)" How does this meet Fair Credit Reporting?

anybody help

I just got a letter in the mail 2 weeks ago from this collection agency. I called because I did not know what they are talking about. Found out they are trying to collect this debt from, get this, 1989!!!
I am supposed to give them a copy of the check that I paid this account with. I don't think I have to keep any records for more than 7 years. THIS COMPANY IS A JOKE!

I will talk to some one about this account

I will talk to some one about this account

Because i keep being harass by this company asset acceptance and do not know why. I dount have anY out standing bills with know one and did not attend bally's do to my illness.they got to be jokeing, and how can i recive help from someone to stop this company from harassing and me im very up set.

Has anyone been sued by Asset for a credit card account that has been turned over to an attorney that is actually a debt collector ?

Hi everyone, what is the physical address to send CMRRR to Asset Acceptance

My husband and I received our pay checks yesterday and after never hearing 1 thing from this company, to our surprise they have garnished a total of $600 out of our checks combined with no warning. If they continue to take this money out of checks it will costs us over $1600 per month. We have never received anything in writing or any phone calls from this company and have no clue what this is regarding. What information could they provided to the courts to get the right to garnish our wages? Further more, they say that the account is my husband's and list my name no where so how could they garnish my wages as well?

Call your court clerk Jackson. Find out about any judgment. If indeed there is one (must be if they are garnishing), file a motion to have the judgment vacated on the grounds of improper process. You were never served. Regarding garnishment, I thought the limit is 25%. They shouldn't be garnishing your wages in any case.

hey, listen to this a 15 year old dept unpaid.
Now all my funds are frozen.
aparently i was sued and lost with no idea it took place.
now in order to free my checking acount,savings and biz,i need to pay five thousand dollars and change!
be on youre gaurd!!

I recieved a letter from this company for a phone bill a few years ago for $1408.00. I have NEVER had a phone bill over $200 in my life let alone this amount. They have been VERY difficult company to deal with and do not seem to want to fix this situation. Finally one lady from there tells me that they do have my final bill and it is only $75.00 and that they will do an investigation and look into what happened and a few months later I am still dealing with this no word from them unless I call them....still trying to figure out where this amount came from meanwhile it is on my credit report.
I will not stop until I get it taken care of but as to any of you out there recieving anything from them for a debt owed...LOOK INTO IT!!! Never take what they say as fact because obviously they are a company full of shit and trying to scam people out of hard earned money! Thank you for the letter posted that helps a person to know what there right is as far as information about there debt owed.
Kimberly

please i would like to know about this problem on my credit report this company names shows as collecter and how can i contact with u please is there any # i can call please email me back soon thank you!

one place to check out to find information to hold asset and other junk debt buyers to the law is budhibbs.com it is very informative. we need to fight back and hold these collectors accountable for there illegal actions.

This is a Fraud company. They say they are collections and have been doing this since 1962 but they are full of S@!$. They contacted me about a Bank of America Account from 1994 and said that the original amount owed was $2600, and since it has taken them this long to find me I now owe $6500. I have never banked with BOA and I got an police report and a Identiy theft affidavit and sent it to them and they still want to settle for half the money, when they know its not me. DON'T GET TRAPPED AND SUCKED INTO THIS SCAM. WATCH YOU BACK PEOPLE..!!! :evil: :(

We have a DV letter going to these folks for my husband. He has been being harassed by them for over a year now on an account that he knows he paid with Providian. Even if there is a chance he may have not paid it, the SOL is well expired. In Texas, the SOL is 4 years, and we have been married over 5 years. During our marriage, he has never had an open account with Providian.

Reading some of the posts on these guys has me a little worried....I mean, all this talk of frozen accounts and garnished wages without ever seeing a summons! My husband an I have worked really hard to clean up our credit, and get where we are today. The last thing we need is some scam company getting a shady judgment that would force us to default on our current accounts that we are working so hard to pay off! I will definately be watching our credit reports and such very closely!

Now Asset likes to hire lawyers and they wont even settle with a fair amount or a fair amount of time. For companies that buy these debts for pennies on the dollar, i dont think its fair - but we are at the mercy of collection agencies and the lawyers they hire.

what is the statue of limitations, how many years?

WOW I knew Assest Acceptance was a shady collector. I'm grateful I found this site. You see, about a year ago my husband started getting letters from then stating the he owed a debt to SWB. At that time I pulled his CR's and disputed the debt. Also requested they not call and only send letters. Did not receive any validation back and no more letters until now. My husband received a call at work, and he was unfamiliar with the shady practices of DC and is not sure what was said on the call because he just wanted them off the phone so he would not get in trouble. So when we get a letter about a week later stating that he supposedly made payment arrangements with them I was quite surprised. He is not entirely sure the DC didn't ramble off some sort of payment arrangements and he just said fine whatever and hung up. So now I'm guessing my next step is to try to dispute the validity of that call and see if they have some kind of proof that he specificaly said yes to the debt and then go from there. If anyone has any other suggestions I would be forever grateful.

Thanks for all the info. My husband just got a letter from the Law Offices of Mitchell N. Kay, P.C., saying that he owes $1899.87 to Asset Acceptance, LLC Bally's. We've worked hard to pay off all debts since we've been married (2 years) and I know he had a problem with Bally's about six - seven years ago. Doesn't this pass SOL? (We live in California). What should I do?