August 2008   I was sued by these people in 2006 after making payment arrangements with them. I made arrangements to settle the account in November of 2005, but I requested everything in writing. Of course, that never happened. When I tried calling them to pay the debt, they came up with many reasons why they could not accept a payment. I kept calling and they kept refusing to talk to me. Why? No clue. They responded to my last phone call by serving me with papers!

I hired an attorney and she said their legal staff was one of the worst she had ever dealt with. They were NEVER available to talk on the phone, could NEVER give her information, NEVER responded in a timely matter, and waited until the last possible second to deal with anything.
They ended up settling out of court for the same amount I offered them in the beginning!
When trying to pay, I was told "only bad people don't pay their bills, what is wrong with you?"

August 2008  This company has been calling me at all hours of the day and night. I tried at the beginning to deal with them because the debt they are trying to collect is not even mine, it belongs to my EX husband. My name was not even on this credit card even as an authorized user. The last person I actually talked to told me that if I didn't pay the over $8K credit card bill that they were going to 1. Reposses my vehicle 2. Garnish my wages 3. Freeze my credit and the kicker was 4. Put a lien against my home. (I live in a rental!!) When I tried to explain to them that the debt they were trying to collect belonged to my ex husband and that he had in fact filed bankruptcy that the debt was no longer owed. They obtained my name AND social security number from my ex husbands credit report. The agency could not explain to me why my information was showing on his credit report. Since my last conversation with them they have called me up to 5 times a day. The last time they left a very nasty message on my cell phone number. They have even called my work number 3-4 times a day.

Per my attorney the next time they call I am to inform them that our conversation is being recorded and that if the calls do not stop immediately that he will be filing a law suit for harassment.

How can these people get away with it if so many people are complaining? I'm not a dead beat and I pay my bills. I've never defaulted on any loan, credit card or bill. My only "crime" is that I was married to a scum bag that had credit cards HE defaulted on that I was never even on. Because of these people and two other companies I went from having an almost 600 credit score down to less than 300!! I couldn't borrow a dime from the mob at this point!

August 2008  Asset Acceptance called me yesterday and left message on my answering machine saying "that by continuing to listen I was acknowledging that I was the (person they were looking for)" and then left 1-800-545-9931 as a call back number and Ext. ???? and that his name was ????. The message was very garbled and led me to believe the caller was on drugs/drunk or highly uneducated.  (Was it the guy below?)

I did a google on the phone number and formulated a plan of action.

1. Pulled the big-three credit reports and found nothing outstanding, although, interestingly enough, ASSET ACCEPTANCE LLC requested my credit history from Experian on 11/2006, almost two years ago. I understand now that I can prevent any company, other than one I initiate, from pulling my credit reports. I currently work on this.

2. Reported the two main phone numbers to Donotcall Registry.

3. Called Asset Acceptance and inquired as to why they were calling me. It was for a $700 CC bill at Circuit City from 24 years ago! That is digging DEEP! They wanted $1900 to settle. This bill was charged off in Bankruptcy Court over 19 years ago and the bankruptcy has been off my credit report for almost seven years. I mentioned none of this, but told them if they ever contact me again I would turn them in to my Commonwealth's Attorney for harassment and report them to their AG. I currently am learning what to send them to get them to cease and desist.

Thanks for your great, informative site! I am sorry to read what some of you have gone through. Good luck destroying these sharks!

August 2008  From Asset Acceptance Public Relations Team Member   I wonder why you only post negative comments on your site? (Not true. about 30% are positive in nature.) why do you think the majority of your poor, abused consumers are loosing (sic) in court? (Actually, consumers who stand up in court are winning over 85% of the time.) they have no idea even about laws and statutes and cant even begin to know about collections. being from the asset environment I know the debts are old however to date there is no statute on collecting old debts. suing for them, yes, credit reporting , yes but not on collecting. (Actually, the courts have pretty much capped the harassment at ten years.) why are your consumers mad about a ten year old bill if they paid all they have to do is provide proof of payment. (Actually, proof is the burden of the collector, and that's your last strike.)

August 2008  I have had the experience to deal with this company twice.  I have beaten this company twice.  Both times they contacted me, I challenged them. I told them I want proof that I owed them anything.

Neither time could they do so. However, they continued to report and update the amounts on my credit reports.
I took my complaints to the BBB and the Michigan Attorney General.

Each time Asset denied any wrong doing, even though I had them on many many many violations of state and federal laws, but each time, they deleted their poison from my reports.  They will lie and break the law, but if you stand your ground, they can be made to leave your life.  Follow this site, it's one of the best around!

August 2008  Asset called me on my cell phone a few months ago, asking for me by my maiden name. I asked what this was about and it turns out that it was over a credit card that I had defaulted on nearly 18 years ago. I didn't admit the debt was mine, but I am sure I have paid this off, as I paid off some old debt several years ago. I told them to send me a letter.

No letter as of this date. If they do send it, I will demand that they validate the debt via certified letter. For cripes sake, an 18 year old credit card bill! They called back on my house phone and asked for me, again, by my maiden name. I told them there was no one here by that name. They haven't called back and still no letter.

I will fight them if they dare to sue me.

July 2008  Asset Acceptance used false "Affidavit of Service" to get the default judgment against me. They froze my multiple bank accounts. I am now dealing with them and fighting off in court.

July 2008    I was submitting to Bud on one bottom feeder and then stumbled on these people.. Let me tell you, if you were to look up "Low lives" in the dictionary their logo would appear right next to it. Now, my father and I share the same name so he took out a loan under my Social Security number and obtained a car loan which he never paid for and he has since died. Well i first heard from these guys when I checked my credit report and they were on there when I turned 18 (I was 15 the time the loan was taken out) well I got it off my credit report and fast forward 7 years later when I came home and long and behold Asset Acceptance was sending me letters again offering to take a $6,000 pay off on a $12,000 debt for the car I reiterated that not only statues of limitations have ran out, but I was 15 and not lible for this debt because it was fraud they told me that the only way they would leave me alone is if I sent my dad's death certificate to them as they ALREADY have proof of my birth! Well, date 0f birth should indicate that I was not even old enough to drive when the loan was taken out. Well i told them to cease communication and they did.. but what they then decided to do was to call my house about five times a day looking for a "Janessa L Walker" who nobody like that lives with us, or nor do we know them, when somebody would m pick up or try to speak to them they would ask for a bunch of people until they reached my name then say that it was a mistake and hang up only to do the same thing five minutes later...WE called the attorney general who got the calls to stop but man!!

July 2008  Their representatives have called my work location on my bosses phone, claimed to be state employees to my boss. When she informed them to stop calling, they got nasty to her, and she hung up on them. The then turned around and attempted to called my bosses superior (who wasn't in that day), when this failed, called HR department and attempted to file a complaint. The have my home phone number, but are harassing my workplace now. Laws need to be changed to close down these companies and their leeches.

June 2008   Read where Asset defaulted on a credit line in the millions of dollars. Guess they wanted to borrow so they could buy more junk debts ! Personally, I'm ecstatic that they defaulted. maybe they'll go out of business!!

June 2008   DEAR Asset Acceptance Corp I have turned you over to the TX ATTORNEY'S GENERAL and Filing a compliant with the FTC for calling me and dunning me when my phone is on the do not call list . Your company has put things in my credit report that are not factual and violated FCRA and FDCA LAWS SO I'M COMING AFTER YOU in A TEXAS COURT

FCRA violations are Federal.  visit www.myfaircredit.com

June 2008   I left this organization because I could no longer take the lies and crap they forced us to do. Patricia Conation is their record's custodian, she is told what to say on documents whether it's true or not. Anyone sued should seriously challenge their paperwork because they lie so much. Asset does not have the documents they just want you to think they do it's all just crap so they can take money from people. I hate this business.

May 2008   I have been dealing with this sorry company since 2006.  I finally have them removed from my Equifax and TransUnion however they are still reporting and changing dates every month.  I've contacted the FTC and the MI AG and am waiting to see some action.  I've asked this company to validate this debt and all they send me is their bogus home-made letters.  I have even gone to the extreme of sending proof to Experian that this company cannot validate this debt and all Experian does is keep asking me for poof of identity and more in order to prolong the 30 days response compliance.  This company is ruining my credit and I need them off.  I don't owe anything and they are bogus and very unprofessional.  (Sounds like it's time to pursue other avenues.  Visit www.myfaircredit.com)

May 2008  I received a document in the mail from a attorney in San Francisco called Peck & Law. Folded up and stapled to the side of the envelope was what appeared to be a request for a default judgment. First of all, I wasn't served in order to appear in court in the first place.  So I wrote the lawyer and asked them to provide a validation of the debt and sent it certified mail. I got a response stating that the statute of limitations for my request had since expired since they had sent me a letter in September. I wrote back and asked for a copy of this letter they supposedly sent me. I'm still waiting on a response. I've never been contacted by Asset Acceptance (though last year I did receive quite a few horribly truncated "robo-calls" that MIGHT have been them). It seems that this has been engineered to push me into a corner.

May 2008  For all of you complaining about this company, FILE A COMPLAINT WITH THE MICHIGAN ATTORNEY GENERAL'S OFFICE!  I can't stress this enough. Enough complaints, these guys will go down. BTW, I filed a complaint and Asset was gone from my reports within a few weeks.

April 2008  When is a collection agency not a collection agency? When the State of Arizona says so. I filed a complaint against Asset Acceptance with the Arizona Department of Financial Institutions, because of abusive and hostile treatment on the phone from one of their collectors, and because AACC is not on the list of licensed Arizona collection agencies. Since then, we received our first written communication from AACC. It had all the proper FDCPA language. It looks like a collection agency, talks like a collection agency, and certainly *smells* like a collection agency. Imagine my surprise, then, when the Arizona DFI called me and said that AACC is *not* a collection agency under Arizona law! I already knew that they were a debt buyer (they had purchased a very old, long-disputed and unresolved account of my wife's), but apparently, that's enough to exempt them from Arizona's rather strict licensing law. If I were a legitimate Arizona collector, who went to the trouble and expense of getting an Arizona license (and bond), I'd be more than a little upset. Fortunately, my own state (Iowa) has laws which are broad enough to include debt buyers, so my next step will be with the Iowa Attorney General. I'd say that representing themselves as a legit CA when their home state says they aren't is a deceptive collection practice.

It makes me wonder, though, if someone at Arizona DFI isn't in cahoots with Asset Acceptance...

Bud, you might want to add this address to your file for AACC:  Asset Acceptance Capital Corp.   9801 S. 51st Street   Phoenix, Arizona 85044 Phone: 480-588-0745   Fax: 480-403-6451

April 2008    Finally got a clean credit report after years of fighting zombies, applied for first time mortgage and then these scum bags monitor your credit report and the minute you the first credit card you have had in years they send you a letter asking you if you want to pay them off with your new credit card. They offer a settled amount, different in each letter. It has been almost 7 years, they have re-aged the SBC account with different amounts owed. Removed from credit report years ago. Will dispute on line, should be a easy fix. Don't like their prey like tactics, invasion of privacy. SBC NOW AT&T SHOULD BE HELD LIABLE FOR SELLING INFORMATION TO KNOWN CROOKS OR HIRING THESE CROOKS TO COLLECT FOR THEM.

A company hired a bail bonds man to find someone, goes into the home and kills the child, the jury held the company that hired the bail bondsman liable for punitive damages. Multimillion dollar lawsuit. How is SBC, AT&T any different hiring CROOKS who are known to perform ILLEGAL COLLECTIONS!! Daily causing FINANCIAL & EMOTIONAL HARM to their CLIENTS!!

April 2008  Last year got two 1099-c IRS forms from this collection agency. total of these 1099-c forms was over $5,000. did my taxes and did  have to pay the IRS ittle under 100 bucks, but the IRS sent me a refund check for over 200 bucks!, now with the 300-600 dollar government checks being mailed out.. being that they showed the debt as income, now ill be getting a fat check from the government, plus a nice irs refund check too.. id like to thank AAC.. not only
did i not pay them a dime, am looking at getting 300-600 back from the government! WAY TO GO ACC... SEND ME SOME MORE 1099-C'S

March 2008    I received a wage garnishment from asset acceptance last year stating it was found by my local court that i was in default of a debt and was to pay them 25% of my income each week per wage garnishment. I checked with the local court house and they have no record of any such documents or judgments. I was even given a case number by asset and a docket number and those were also falsified. After receiving over 3000.00 dollars from me illegally I am now working with an attorney to get my money back. This so called debt was incurred in the year 2000 to another company and they purchased the charged off account. The original debt was 1000.00 and after all is said and done they allege that i owe them over 4800.00. Being a single parent caused me to have to pay by words of my employer. Its court ordered he said and he didn't want to get in trouble. Now I have had to quit that job due to this and my attorney obviously isn't the best. I am emotionally and physically spent.  Be careful dealing with these people. They will do anything and everything to get money from you.

2007    I'm being sued by Asset in Cook County, and just filed INTERROGATORIES AND REQUEST TO PRODUCE DOCUMENTS...." to Asset. It seems as soon as they receive anything from me they make another debt collection call to me. This one from Lynn Burns, the caller ID says DPS INC, 414-921-7007. Return call number to 1-800-455-2554. I returned the call and told her that this is being handled in court and, also, I sent a cease and desist letter, received no validation in response and that she is calling me illegally. She insisted on calling me by my married name while I'll maintained my current name for the past 4 years. The judge has asked Asset to change the name in the court documents but they haven't. When I filed the answers to the summons, I was called by Jeff Serat, claiming to be a collection agency assignee to my (alleged) asset account. I didn't' return the call. After the first court day, I received a call from "Jeff" claiming to be from "your mortgage company" and wanted to discuss my next payment. My "next" payment was already made a month early and my mortgage company identifies themselves when they do call. I previously posted, can't find a lawyer, but will appeal this when I loose. They don't have proper documentation and this account was settled with the original credit card even though I have no evidence. If they had the proper documentation, they would know this. I think they stole the information they do have from my credit report, and erased the original credit card from my credit report replacing the name with their own. I recently refinanced my house leaving viewing my credit report wide open to abuse. Unifund attempted the same with another account but I was able to stop them, although they then sold the account to another agency who was not able to validate it.

2007    To the person being sued in COOK COUNTY. All the cases in the courtroom are Asset cases. I don't have a lawyer because I can't find a lawyer to take the case. No one one has lawyers. Everyone looses. I'm still fighting as they haven't shown any proof of ownership of the account. I wish I knew who your lawyer is so I could contact him/her for help. I don't want to give too much detail on here because with how tricky Asset is, they probably read these messages too. My first contact with them was a summons with a computer generated invoice as proof of the debt, too. I wrote them a letter asking for validation of the debt, which they ignored. In court, I disputed the debt and Asset's alleged ownership of the accounts. A status date was given for Asset to provide me with proof. The next day they sent me Request to Admit and to send them all the information I will use at the trail along with a generic credit card agreement statement as their "proof". I was happy that they didn't have any valid proof of ownership until, after consulting with LEGAL AID, I found that the judge would accept even a letter that they bought the alleged debt from a debt auction as proof of ownership and I loose. I'm expecting frozen bank account with out warning so am trying not to keep any more than I need to pay my bills in the bank.

2007    I have told these idiots to stop calling me, I never heard of them and haven't had any loans or credit cards in almost 8 years. I don't owe them anything and will never send them a dime. They keep calling my relatives and somehow got my cell phone number and are calling me. I've sent a cease and desist letter but they still keep calling. I will never talk to them or send them a dime. As they have never told me what the debt was for but I already know I don't owe them anything. They want listen, they just like to harass people. I've file a complaint with the FTC and the Attorney general. These people even told my little child over the phone that She had better tell them to call me. How low is that to try and scare a child. They are con men and lowlifes. They need to be stopped. They can hound me forever and I will not EVER bulge to send them a dime or talk with them.

2007    I am in the collection industry...A few days ago, the building manger at an old, old address (we are still friendly) called me at work and told me that a policeman came to my old address looking for me.

I couldn't imagine why this would be as I haven't committed any crime, and I has not witnessed anything.

Then, the light bulb went off, and I decided to check the Cook County Court website to see if I had been sued for anything.

Sure enough, I found that Asset Acceptance was suing me for over $10k. I asked a coworker to pull the records for me and she did. They alleged in a very deficient summons and complaint that I owed "Providian" for $10k charged off in 2001.

I had no idea what "Providian" was, I had to look it up on the web. I found they were a sub-prime credit card issuer.

This is currently pending, but it will not get anywhere.    Here are my defenses:

1)If they try to serve me at work, they will be turned away. In Illinois, an employer can refuse service on their employees at work.

2)If they try at my home, my bell is connected to nothing! I probably would not even be aware that they tried to serve me.

There is no law stating that you MUST accept service... You can simply refuse to open the door.

3) Thier complaint with exhibits had a generic computer generated invoice from Asset Acceptance which would never hold up in court. They would have to get a copy of my alleged agreement with the credit card company in order for them to be able to enforce a 10 year statute of limitations. They most likely would never be able to provide this.

Therefore, the case could be dismissed for:   1) Out of Statute   2) No Proof

I will raise these objections in court, and if the case seems to be going against me, I have an attorney who will handle it for $1k + filing fees of $143. Although it sucks that I should have to pay to defend myself against a bill that does not belong to me, I feel I need to face this.

The people who end up with wage garnishments and bank account attachments usually ignore the legal process.

This is the worst thing you can do, as if you do not show up or send an attorney, they will enter a default judgment against you.

Instead, show up and dispute everything. Make them PROVE the case against you. Most of the time, they cannot.

If at any point you feel like you might lose, hire an attorney. In most cases, it will prove to be less expensive thn letting these guys walk all over you.

2007    I have battled Asset Acceptance, LLC for years for old debts from 1996-1997. I have sent letters for 2 years now. The calls will stop for about 6 months. The latest calls alternate between auto-dialed messages and now a new tactic: "Hi. I'm calling for Barack Obama. Would you like to make a donation today for $50?" Funny thing is that the number on the caller ID is from Asset. My response (without stating my identity): "I only respond to mailed inquiries. Please remove my number from your list." This angers them and they always hang up. Certainly not a call from a campaign! It looks like they are doing Lexis searches on voter registrations/voter histories. The first person that gets a call like that on tape ups the ante to a Federal Crime.

2007       I have been receiving several chopped up voice mails since May. Finally on Friday, I get a phone call from these people. The person seemed upset that I did not return any calls. I explained about the voice mails and that they never gave a contact number. Also, their number never showed on my caller ID. She then proceeds to tell me I owe them for 2 utility bills that were unpaid from 7 years ago! One I never had an account with and the other was disconnected and paid off 6 years ago. She then started asking for prompt payment on both stating she can offer a reduced settlement. I then asked for proof in the mail of these, stating there is no way I am just going to hand out money to some stranger over the phone. She said they will mail the info but then I lose all chance at a settlement. {some weird form of punishment? I just received 2 letters from them but neither list any amounts on them. I replied to them by sending back the letter from your website. We will take this up with the original companies ourselves. And thank you for a great site!

2007    I am receiving calls from Asset, it comes up on the caller ID as AACC, with a different number than you have published. The number is: 248-220-8709. I have no idea why they are calling, but I certainly won't be speaking to them. I will be sending them a cease and desist letter, though. Thanks.

2007    I worked for asset for 2 years and even though they are a horrible company to work for. They are operating legally under the FDCPA and ftc. first of all if you have a credit card that went into collections you are still going to be charged interest and fees, read your contract. Plus it is not against the law to collect on debt that is 15 years old, it can't be reported on your bureau and all you have to do is tell them to cease and assit. there are only two states that you cant collect once it goes past stat and that's Wisconsin and Mississippi. Yes it may be a pain but it's within the law and it may be easy to sue asset and they will settle because they are publicly traded and it cost them less to settle then to go to court but usually the debtor is wrong. Why doesn't everyone just pay your bills and stop complaining. Mistakes happen with companies but it's easily fixed just tell them to stop calling you.  Wow, hard to know where to start. 

I worked for this company for 2 years. The end of the month was always crunch time, and they had contests to see who could collect the most that day. Every single month they threw these lavishly extreme parties for the employees, free booze and food. As far as I am concerned these people are nothing but greedy alcoholics.

2007     I had an acct that got sent to Asset Acceptance LLC for payment. I recd letters from them. Couple months ago, I recd a letter from NCO Financial Systems stating that they bought out the bill from Asset Acceptance LLC, and they would accept $1,055.63 for the debt. I mailed a check for $1,055.63 check to NCO Financial System and now Asset Acceptance LLC wants that money. We know this by the bill we recd in the mail today. My husband called Asset Acceptance LLC and they stated they never sold our account to anyone. They still expect payment.

You make it sound like paying a debt collector is the wrong move...

2007    I have had the exact experience that you describe on your site with Asset Acceptance. They have applied some bogus "payment" to my account and have actually re-aged my old $250 debt to Target. It is now on my credit report twice - once under Target for $250.00 and one for Asset Acceptance for $500+. They are now calling me and harassing me. Asset Acceptance is known for being a sleazy debt collector, alleging bogus payments were made and changing the dates on credit reports. Make the people who own it and work there aware of your feelings:
http://www.assetacceptancesucks.com/address.htm

2007    It wasn't my court date but I sat in the court room where I knew some Asset Acceptance cases would be heard. There were 2 lawyers from Asset Acceptance there and a court room full of defendants that AA summoned to court. When I came in and sat down, the 2 lawyers were asking everyone in the court if they were spoken too yet? They were taking people out to the hall with agreements written up and having the people sign the agreement. Then the judge came out and the cases were called...one of the lawyers...the big fat one in a suit came up with the defendant and did all the talking. Telling the judge the agreement and scheduling another court date . The the judge would ask the defendant if they have anything to say...the defendant would say no, then next case...same thing...over and over and over...I was waiting for someone who would defend themselves but no one did. I didn't learn anything except that I don't want to sign any "AGREEMENT" when AA has no documents to support any allegations against me. Then when I got home, I received and nice notice from AA that I only have to pay $100 now or 10% of what I owe (allegedly $21450!!!) which ever is HIGHER...then they'll agree that I only have to pay $100 plus interest to them each month! All I want is to have my day in court, AA not have anything to prove anything, and the judge entering a judgment AGAINST AA.

2007    After refinancing my home in May I looked at my credit reports and saw Asset Acceptance in place of a credit card that was charged off 2 years ago. It says the account was open for 5 months yet I never had any contact with AA LLC. I ignored this since I was already refinanced and didn't' plan on anything requiring a credit report for the next few years. Then 2 weeks after the refinance I was served a summons from AA for collection of this debt. I have requested validation of this and and using no validation as my defense. I called the credit card and this had been written off with $0 Balance and would remain on my credit report for 4 more years. However it's not even on my report anymore due to ASSET ACCEPTANCE REPLACING it and now showing I have an installment account with them due in full and in default. Did anyone out there fight and win against this company? The amount is over $21,000, it's all interest and late fees for the original credit card issuer.

2007    Asset Acceptance was receiving $100.00 monthly taken from my checking account regularly. On March 14, 2007, I filed for Chapter 7 Bankruptcy. On 4/2/07, Asset Acceptance withdrew $100.00 from my checking account. Due to this, I incurred $325.00 in overdraft fees. At this time my bankruptcy lawyer contacted Asset Acceptance and was told I would be reimbursed and that no other amounts would be withdrawn from my checking account. I have yet to be reimbursed for this. On May 1, 2007, Asset Acceptance withdrew another $100.00 which in turn incurred another $165.00 in overdraft fees. This now totals $600.00. My bankruptcy lawyer has sent at least 4 letters to Asset Acceptance. The last time he was contacted by them, they stated they never received the payments due to insufficient funds. My lawyer faxed them copies of my bank statements showing that the money was taken. That was 15 days ago. He has yet to hear from them. I called Asset Acceptance directly today. I explained everything that has been going on. They are saying no payments had been withdrawn from my account since February 2007!. I talked to several people there. Of course, the last person i was to talk to was from their Bankruptcy Dept. I got his voice mail and he hasn't returned my call. What can be done now?  Whenever I smash my hand with a big hammer, I stop after three or four times because it hurts so bad.  Would it be cheaper and less stressful to call your bank and say Don't let them take anymore!  Or close the account and start over somewhere else...)

2007    Update!!!!! AAC sent us FINAL BILLS which are dated one full calendar year PAST our date of occupancy at the service address. Now, as this was a telephone bill, I called the other service providers that we had at that address (Gas, Water, Electricity, etc.) All of them have records which indicated we have paid and closed all of those accounts (at that service address) in good standing. We also still have the original of the LEASE AGREEMENT for our occupancy of the rental property, which spells out the date that we moved out. When I called Windstream Communications, they said they do not have records for ANYONE for the year 2000 or 2001. I'm thinking we're going to end up in court, or at least arbitration. But, a big part of me would like to bring a class-action suit against these scumbags for knowingly trying to shake down a honest person.

2007    We were notified by AAC that we have "debt" from a state we have not lived in since 2000. I have sent three letters via certified/return receipt asking for validation of the debt (original invoicing, etc. from the original creditor). They have failed to comply in writing, but they did send me a bogus invoice on their letterhead. Because the SOL expired in our previous state, bank records and cancelled checks from the period we have the numbers are no longer available. I have been advised by the AG of my current state to allow them 30 days from the date of the last letter before I take the following action: 1) File a police report for suspected fraud. 2) Contact the AG and FTC and file a formal complaint against them. Finally, I have been advised by legal counsel to keep track of all expenses related to corresponding with them or anyone else on this matter. Should AAC find themselves in a class-action (which I firmly believe they will), we'll present our documentation.

I am just starting to clear up my record and I am starting with Asset Acceptance. They have taken a supposed debt
for approx. $3,000.oo and inflated it to approx. $8,000.oo which leads me to believe that they are in violation of the
Usury Statutes in New York. The supposed debt is also outside of SOL. From what I have seen with these collection agencies and the lawyers who work for them make the mobsters look legit.

2007    In March 1999 I filed chapter 7 (no choice). All creditors been taking care of...some wanted to settle for a certain amount....no problem. Fast forward to March of 2006...I found I could check my credit for free  once a year and that's when I discovered that i had an account with AALLC...so I disputed with all the big 3 Credit reporting agency....got the same answer....VALID DEBIT!!! Somehow I let it go...(my mistake). FYU....I never never received any billing or letter etc etc from AALLC in all these years!!! Did better research.....it turned out that AALLC had bought this alleged account in my name from PROVIDIAN!! Any surprise here??? The problem is that I never opened up an account with Providian! NEVER!!! Anyway....last November 2006 I received a settlement offer from this collection agency representing AALLC.....the name is MERCHANTS CREDIT GUIDE CO...offering me a typical settlement offer. blah blah blah!!! I immediately sent them a certified letter disputing the validity of that debt.....even including copies of my bankruptcy records. etc  They were supposed to reply within the 30 days time period! THEY NEVER REPLIED!!! Time goes bye...and last may I received a computerized statement from AALLC (THE FIRST EVER!!) welcoming me (sic) as a new customer!! Of course with all the compounding, interest etc etc the due balance on this ALLEGED account of mine keeps on piling up! I checked my credit report april....AALLC still would be there in the negative factor with the status I was disputing it! As soon I got that statement from AALLC......I sent them a letter ( certified return receipt requested) disputing the whole thing.....informing them about their collection agency not replying to me

 2007    first of this year received 2 1099-c form from these people. first off i went ahead and did this year taxes and paid the $94 owed to the IRS. what makes this so interesting is that back in 2005 they had sent a offer of a savings of $450 off what was shown on credit reports. so by buying this debt as there own, per there FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 .. and i quote..

We purchase and collect charged-off consumer receivable portfolios for our own account as we believe this affords us the best opportunity to use long-term strategies to maximize our profits. We currently do not collect on a commission or contingent fee basis. Since January 1, 1990, we have purchased 863 consumer debt portfolios through December 31, 2005, with an original charged-off face value of $22.9 billion for an aggregate purchase price of $455.4 million, or 1.99% of face value, net of buybacks. On average, we have been able to collect more than three times the amount paid for a portfolio, as measured over a five-year period from the date of purchase.

We have purchased portfolios from over 100 different debt sellers since 2000, including many of the largest consumer lenders in the United States. Although 10% or more of the money we spend on our purchases in a year may be paid to a single debt seller, historically, we have not purchased more than 10% from the same debt seller in consecutive years. In 2003, we purchased one portfolio for $17.3 million (adjusted for buybacks through 2005) that accounted for 5.9% and 6.3% of our revenues in 2005 and 2004, respectively, which we believe will account for a declining percentage of our revenues in 2006 and beyond.

being this is public knowledge taken off there reports off NASDAQ, it makes one wonder if they reported the same to the IRS? I WOULD THINK NOT. am all ready with IRS/ TAX lawyer, and from what ive been shown and told... SOME THING SMELLS.. YOU SEE.. THEY REPORTED OVER $9000.00 TO THE IRS AS A 1099-C CANCELLATION OF DEBT FROM, BUT THEY ONLY PAID LESS THAN ONE CENT FOR THIS SAID DEBT. THEY ALSO SENT LETTERS STATING THEY WOULD TAKE LESS THAN WHAT WAS REPORTED TO THE IRS. 35% LESS AND AGAIN SOMETHING SMELLS FUNNY.. i am looking forward to what the IRS has to say about this , as well as my lawyer. i would ask anyone who have gotten a 1099-c form from these people to do there homework, and talk to a lawyer who is in the know of the IRS tax laws as well as making false reports to the government/ irs. again thnx bud, and i look forward to reporting the outcome of this.

2007      Asset Acceptance is claiming that I owe on a credit card that was closed and charged off in 1992. (We see the industry from an eagle's eye view - too much debt buying competition and NOT enough legitimate paper out there...) They can not validate the credit account with that company especially since that credit card company went out of business . Can't even prove it is mine. The statute of limitation has passed, but they still continue to harass me. I sent them a letter telling them to no longer contact me. I have a lawyer to represent me if this case continues any further. I have found out that Asset Acceptance buys old debt and tries to collect on them. They falsify history records and create non-existing claims and phony documents. They wanted my checking account information over the phone, or a post dated check. They have been sued by people for fraud activity and for violating the Fair Debt Collection Practices Act. How can they continue to ruin lives of innocent people and continue running a fraudulent business and not be punished for it? IT is all a scam for Asset Acceptance and Ocwen. Thank you for your time.

2007    I wanted you to know that the Arbitrator this week dismissed with prejudice my arbitration with Asset Acceptance.

The case was filed last July and I have fought them every step of the way. It can be done. Just stay vigilant and meet all the deadlines. Read the rules of the Arbitration and make sure that you follow the written rules of engagement.

Only thing I would have done differently (which did not hurt me) was I faxed some items rather than to send them by certified mail.

Asset Acceptance inflated my balance and increased the amount of the interest they were charging on the file. I believe that I successfully proved this to the Arbitrator.

What your readers need to understand, is the National Arbitration Forum NAF, is hired by the Claimant. The NAF hires the Attorney who acts as the unbiased Arbitrator. The deck is stacked against you, even though they "claim" there is NO conflict of interest. This means that indirectly, the Arbitrator is hired by the Claimant.

Should I not have answered the claim, an award would have been entered against me. However, in MY case, I filed a counter claim which the Claimant, Asset Acceptance never acknowledged. They failed to answer the counter claim and in the end it too was dismissed by the "unbiased" Arbitrator. So these arbitrations are not set up for the average person to win.

2007    *First of all - I am *so glad I found this web-site! It validates everything I've suspected about these creeps! *Second of all - and *most important....{{Help!!}} (We hope you contacted us via another outlet - Bud may not ever see this, and you left no email or phone.)

In May 2006, while trying to prepare for major surgery the next morning, and with a houseful of family, there was a knock on my door. It was a process server, with a summons, for me. I had not a clue as to what it could be for, and he let me take a look at the name on it, and waited at the door, while I called the phone# on the summons. Of *course, it was Asset Accept., and I was put thru to a seemingly nice lady who told me that the summons was for an old SW Bell bill, gave me the dates of service, etc. Right away the dates of service seemed off, I'd only had service under my own name for a very short time and I knew the exact date service started, as it was the day of my late sons funeral. I told her that I was not sure the debt was mine, questioned the amount (over 800.00), etc. She was totally sympathetic, told me that a court date had not been set, that the one on the summons was only tenative, and all I had to do was write her a note disputing the validity of the debt after I returned home after my surgery, that she would forward it on, and then the ball would be in "their" court, as far as proving validity. If I didn't hear from her all would be fine.  (Ok - I can hear all of you screaming {{{don't take the summons}}}
But - trusting soul that I am, I did, I took her at her word, and after I recovered from my surgery, I did send a dispute letter to her attention, and heard not a word more.

Fast forward to Mar 2007, while recovering from (another) surgery, we decided to refinance our home, and you could have knocked me over w/a feather when our mortgage-lady called to say that I had a judgment on my credit report. Yep! You guessed it! They went to court *2 weeks after the summons in May of 2006, and rec'd a default judgment against me. The amount now owed (plus interest and court fees) was over $1200.00.

So I called them, after trying a half hour to get thru got a guy by the name of Brad, who looked up my record, and actually stumbled up and admitted to me that he had record of my prior conversation re: the dispute, etc. When I asked why they went to court anyway, he had no answer, and when I asked why I was never contacted after the judgment, he had none either. He did tho, get animated, when trying to get me to pay the now over $1300.00 owed. I hedged, played clueless, telling him I had to discuss this with my husband, was not sure the debt was mine, etc, did not have all the funds, etc and I'd get back to him. Now - every other day - he calls, doesn't leave a message (caller ID) all hot on collecting that commission!

I've obtained a copy of what was submitted to the court. It lists no phone#, no date of last payment, just purchase date in 2005 and that it was apparently a charge-off in 8/2001. I contacted SW Bell (now AT&T) and they confirmed that I had service thru 5/2001, but that my acct balance was 0, and I'm not listed as a collection acct.

My question is, {{{{what do I do now?}}}} ??? I have to get this off my credit report, I'm afraid they're going to all of a sudden garnish or lien and I just want people like this to stop taking advantage of people like us. I know the last thing I'm going to do is pay it, because the more I look into it, the more sure I am I don't owe it!

2007    I used to work for Asset I have seen all this first handed, that is why I quit. They treat their employees the same way they treat the people they are calling. While working there I saw a lot of things that I would question, when I did question it, I was told to just do my job and hit my goal or I would be fired. They hire anyone off the streets and they do not give a drug test they claim they run a back ground check, but while I was working there I realized they do not. So remember the next time they call you wanting your information. I am so happy I got out of there.

2007    I got a call from Mark Starr, Asset collector in San Antonio branch telling me about my boyfriends debts & how they will put a lien on our new home & garnish wages. He must've thought I was a complete idiot because I found out the initial date the account was opened was 1994 and closed a year later.  First off a collector cannot discuss this info w/other people who are not authorized. Secondly, I know Mark broke several consumer debt laws by threatening on a lien/wages when under TX law they can not perform such an act. I retrieved the credit reports and just as Mr Hibbs states to the "T" ~ $75 last paid 02/2003. Here is my question, why does it state on all Type of Account description: Factoring Company Account? Who can I talk to to see if there is a law against that false info?
I sent four registered return receipts asking 9 detailed questions (under my boyfriends name of course) and I only get a letter thanking me for my inquiry with a 2nd page being an invoice. The invoice, from Mr Phillips says the debt is still incruing interest and has now hit $12,000. If were to be paid last year at this time it would've been $8,000. What kind of crap are they trying to pull? Well not with me! I TRULY WISH EVERY CONSUMER THAT HAS COMPLAINED ABOUT THIS COMPANY CAN GO FOR A CLASS ACTION LAWSUIT! HOW CAN OUR RIGHTS BE PROTECTED MORE?!

2007    These sick-o's are tring to collect on a debt that is 17 years old, how slim is that? Anyone being contacted by these parasites should tape their calls, they all sound like like recent parolees. I did some research and found these interesting emails for their owners, managers and attorney for anyone wishing to complain to:

MI State Bar:   Michael J. Beach - P45459  Asset Acceptance Capital Corp
PO Box 2036
Warren, MI 4809rreitzel@assetacceptance.com, bbradley@assetacceptance.com ,
dhaider@assetacceptance.com ,  dpickard@assetacceptance.com ,  tdaniels@assetacceptance.com ,
mredman@assetacceptance.com , pallen@assetacceptance.com , jwhitten@assetacceptance.com

Phone: (586) 446-7818   Fax: (586) 446-7838

budhibbs.com