• Report: #108928

Complaint Review: Superior Asset Managment

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  • Submitted: Friday, September 17, 2004
  • Last Posting: Tuesday, August 30, 2005
  • Reported By: — Palm Bay Florida
Superior Asset Managment
PO Box 1928 Fort Walton Beach Florida 32549 U.S.A.

Superior Asset Management Account holdings Ripoff Fort Walton Beach Florida


1Author 1Consumer 1Employee/Owner

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A long disputed bill from AT&T wireless ended up in the hands of Superior Asset Managment and as a result an offer was made me to settle the amont for 50% of the total amount. I called them and as the 50% was more in line with what I felt was a nominal figure for settlement I decided to pay them.

Upon the call I portrayed my willingness to pay them on that call but asked that a Letter of Satisfaction be granted me upon doing so. The SAM agent was friendly however told me that SAM does not under any circumstance write or grant letters of satisfaction for payments received on debt. Furthermore he told me that they no longer release from credit reports the debt that is paid under a less than 100% settlement offer !!!

This I explained was derrogatory to good business and in fact was blatantly fraud on behalf of SAM and found it hard to believe that this could be fact. He said that he very much agreed with me but it was his 3rd day and he did not intend on returning to work on Monday. I asked him to note on my account that a cease and desist order against SAm would follow.

NOTE: Remember folks... the CRB's Equifax, Experian, Transunion...don't verify information reported to them by paying reporting agencies like Superior Asset Managment. Those collection agencies like Superior Asset Managment (SAM) actually work for YOU the consumer and NOT for the Entities that they buy debt from for pennies on the dollar.

You the consumer have the right to terminate the collection agencies at anytime you see fit when you feel that they are not portraying actions that are condusive to your benefit. Hence 99.9% of all collection efforts !!! You must fire them via registered mail to be safe and save original copies for your own protection.

File a consumer statement with all 3 CRB's and keep your guard up against all collection agencies, they sell debt and reassign account numbers to them so that you may actually end up paying 3 or 4 times for the same debt. Fat chance you will ever get one to pay you back !! Best of Luck to all consumers.

T
Palm Bay, Florida
U.S.A.

This report was posted on Ripoff Report on 9/17/2004 4:23:46 PM and is a permanent record located here: http://www.ripoffreport.com/collection-agency-s/superior-asset-manag/superior-asset-management-acco-8398z.htm.

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REBUTTALS & REPLIES:
1Author 1Consumer 1Employee/Owner
Updates & Rebuttals

#1 Employee

misleading reports and unvarifiable claims

AUTHOR: Maynard - Ft. Walton Beach (U.S.A.)

SUBMITTED: Tuesday, October 26, 2004

What follows is the second post from current Superior employee..... Superior in no way is oblagated to provide you with said document... we do not provide the consumer a service, therefore we do not legally need to give proof of payment or a reciept of any kind....if,however you are attempting to obtain a loan, mortgage, or are trying to refinance we will provide one to a loan officer given they fax a letter of authorization along with a request for a Paid in Full statement. your bank statement is submissable in the courts as legal documentation of payment.... the documentation for the collection agency can be requested by a judge if ever there were any questions about the bill... However in reguards to "firing" the collection agency, That is not possibe.... Even if you write a cease and decist letter that will not help your situation, all you are doing is ignoring your obligation(which will eventually catch up with you). Keep in mind Superior Asset does not own the debt, you may be under the impression that the agency was fired, however the time allotted for collection may have expired...after placement with superior the creditor may choose to pull the account,in which case it will be turned over to another agency to continue pursuit of collection efforts...it will then of course be reported to the CBR by that agency as a secondary collection item,which means there are now two collection agencies and one creditor reporting on the same debt...

...sincerely...
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#2 Consumer Suggestion

But Superior Ignores the Law

AUTHOR: John - Burbank (U.S.A.)

SUBMITTED: Tuesday, August 30, 2005

Maynard, everything you say is true; however, you're only addressing Superior's actions if the debt is legitimate. If you're a professional bill collector, then you know very well that there is a margin for error, especially with stale cell phone company accounts.

ATT Wireless was trying to charge me an early termination fee when the contract had expired. I have a copy of a signed contract -- they couldn't produce one. Then they kept selling the debt to one collection agency after another, I'd dispute and ask for verification, and never hear from them. Then it entered Superior's hands and suddenly this info appears without my having been given a chance to dispute. I never received a single phone call or letter.

I try to call and the mailbox is always full. I have sent two letters and no response. I've let SAM know three times, if they can prove I owe anything, they'll get a check by return mail. If not, the info has to come off my report, and I'm entitled to a $2,000 recovery for violations of the FDCPA and FCRA.

Tell me then, what choice do I have other than to file a complaint with the FTC and take SAM to small claims court?
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