Asset Acceptance
Sued Before Debt Validation Was Provided

Yep, I am having problems with Asset Acceptance too. Four years ago, they started crap with me, so I asked for a debt validation. After 30 days, I heard nothing and nothing appeared on my credit report, so I figured they found they had made a mistake. Fast forward... Here they are AGAIN, wanting money for what they say is an old credit card debt (??) They claim it is for a credit card that had a $2000 limit, yet here they are, asking for $5700, so, once again, I asked for the debt to be validated.

Guess what, they ignored my CERTIFIED letter to have the debt validated and filed suit anyway!!! I called the court and sent them a copy of the letter I sent to Asset Acceptance, clearly showing that they filed suit BEFORE they validated the debt and showing that they had my debt validation letter IN THEIR HANDS, but filed suit anyway. And, to make things even worse, the day after they filed suit against me, they sent me a letter saying that they were going to make me an offer to settle for 50% less than what they say I owe (another thing the court was MOST interested in.)

Really, the left hand doesn't know what the right does in this company. Are they suing me for $5700, or will 50% of that amount 'take care of ' things? And how can they sue me when I really don't think this is my debt? So now, lets see if they can validate the debt.

I asked them to provide me with a complete credit history associated with this account, as well as dated of credit increases as well as a complete payment history (which, I am told, they MUST be able to do) and an explanation as to how they arrived at the amount they claim I owe.

I am tired of dealing with these nuts, they have a horrible reputation and seem to be borderline unethical. If they intend to sue someone, they should have all the facts and figures ready and verified BEFORE they waste anyones time. And when they cannot verify this debt in a timely way—we, as consumers need to be able to put this to rest once and for all—not allow them to come after us AGAIN years later.

Company: Asset Acceptance
Country: USA
State: Michigan
City: Warren
Address: PO Box 2036

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