Complaint / Review
Asset Acceptance
~ scam. But In Need To Advice ASSET ACCEPTANCE

Recently I have been in the process of applying for a mortgage. My FIRST mortgage. My lender had informed of some things that were on my report, and I decided it would be best to try to pay some things off.in I had defaulted with WFNNB credit card, disputed it, and they sent me a written response, informing me it was 'CHARGED-OFF'! Not only did they charge-off my account, but they've been reporting me 90 days late since October.

Last week I contacted WFNNB, which they told me they were taking the account off my report, but it had been purchased by Asset Acceptance. I called my AG office here in MI, and they informed me that 'Asset Acceptance will give you hella problems, and it's best to let us know of any unfair practicing, and STRESS that your applying for you first home'.

So I decided to call AA, in search that I could settle this account and have my mortgage app. Go smoothly. I talked to 2 reps, and 3 supervisors, until I reached Alicia. I had explained my situation to Alicia (a supposed supervisor) and offered
to settle on MORE THEN HALF of what my original debt was to WFNNB. After fighting about this amount for 5 minutes, she then informed me that the $70 difference between their debt, and WFNNB debt was a 'finance charge'- LIE #1! So I then decided to do a little lieing of my own, and informed her that I spoke to my AG office and they told me that AA can not charge me more then WFNNB was. She said it was because WFNNB was charging them more to get my money, and that I'd have to call WFNNB to make settlement. LIE #2 (WFNNB SOLD the account to AA, WFNNB has NOTHING to do with my debt any longer). I informed her that

I knew WFNNB sold the account to them, and that they do not have any more ties with the debt. I informed Alicia, that I would ONLY pay the amount I offered, and if they wanted any money, they'd have to take that.

I was then hung up on.

If the state knows this company does illegal things, why are they still in business? Since they purchased it from WFNNB, and it was a charge off from 05', it's now labeled as a 'new' account on my credit. So. What should I do? I've filed complaints with the AG office in Lansing, but I NEED this mortgage. Should I just pay them, or what???