I was contacted last week (April) by Asset Acceptance LLC for an account that has been closed for nearly 16 years. The credit card account was with First BankCard — I received this Credit Card while attending the University of Missouri. Asset Acceptance called me to let me know that my defaulted credit card account (it was $700 in 1992 when the account was closed) is now over $2,200, and asked me to make payment arrangements.
Is Asset Acceptance LLC for real? This company could be on a Saturday Night Live Skit for Crooked Collection Agencies. Can a company threaten to report information to the big three (Experian, Equifax, and TransUnion) that occurred 15 years ago?
I paid my dues for my financial misdealings in college with seven years of bad credit — First BankCard Center told me to go to "stick-it" when I tried contacting them in 1995 to settle this account indicating "it was a charge off", et cetera. Now, 15 years later, this debt from college raises it's ugly head again in the form of a crooked collection agency.
If you receive a collection notice from this company, I would avoid dealing with them in any capacity and would contact an attorney—this is what I am doing, especially knowing that Asset Acceptance LLC will place my 15 year account on my credit report.
Communicagtion is a great resource in dealing with these people—I am also writing letters to their Michigan area Better Business Bureau, and any other agencies I can find. Why does Michigan allow such filth in their state?
I think the best way to deal with Asset Acceptance LLC is to write to CitiBank, First BankCard, and whoever else gives this company their collection business—if we take away their business, we take away their collection agency.
Well... Back to reseach... Please count me in on class action suits against Asset Acceptance, LLC.
PS... Wouldn't Experian, Equifax, and TransUnion have an interest, in addition to The Federal Trade Commission have an interest in this companies debt collection practices?
Respectfully
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