Asset Acceptance
Notice of Arbitration on Debt From Identity Theft Four Years Ago

I am absolutely at my wits end! My identity was stolen at least 4 years ago. I filed all of the necessary fraud forms. Now I receive a notice of arbitration from Asset Acceptance. Apparently they bought the debt written off by MBNA and now they are pursuing collection. I advised them in writing that it was a fraud write-off but they said that I have to go to arbitration. Of course the arbitration company is their company.

I contacted an attorney and he said that if they hold this arbitration hearing and I am found owing, which is a probability since AA owns the company, then they can get a judgement against me. Then they could take my car or other possession. Having a judgement against me will also ruin my credit. Which is another matter since now AA has reported this debt to the credit agencies. The lawyer wants $4000.00 to take my case. Why should I have to pay $4000.00 to prove them wrong! My husband is retired and we don't have that kind of money! Can someone give me some solid advice?

Company: Asset Acceptance
Country: USA
State: Michigan
City: Warren
Address: PO Box 2036
Phone: 8005459931

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