I am writing this letter on behalf of my girlfriend. We recently had our credit reports pulled when we tried to buy a house. It was at this time that she found out that there was a judgement on her credit report from asset acceptance. When I asked her about it, she said that she had been allowing them to take $50.00 from her account for the past 6 years for a vehicle she had bought and let a friend borrow that was totalled in an accident. Apparently, the account went into collections and she was threatened with legal action from Asset if she did not allow them to start taking payments.
This was a used car to begin with. The total amount taken thus far exceeds the total worth of the vehicle, especially what it would have brought to a salvage yard. She contacted Tony Vereen of Asset and asked him why was there a judgement on her credit, when they had been receiving payments for over 3 years prior to the judgement? He stated that apparently another Asset worker placed the judgement after having not received a payment in the month of December. Although, he acknowkedged receipt of a double payment in January. It was at this time she allowed them to start debitting her account every month.
We questioned him as to how did they obtain the judgement without her being served or appearing in court. He stated that he was going to speak to his supervisors and call us back. To this day we have not heard back from any of them. But they continue to take the 50.00 every month.
The only thing I have found good about Asset Acceptance appears on their own website. What I would like to know is, is any of this legal? And where do we go from here? Has anyone thought of filing a class action? And, is there some sort of Government oversight of these yahoos?
TYour help is appreciated
Thanks
0 comments