- Report: #445737
Report - Rebuttal - Arbitrate
Complaint Review: Asset Acceptance - Providian
Asset Acceptance - ProvidianPO Box 2036; 201 Mission Street Warren, Michigan U.S.A.
Asset Acceptance - Providian Excessive Interest and Unfair Settlement Offers Warren Michigan
My account balance increased greatly due to added interest and my account was sold to Asset Acceptance LLC. I was contacted by Asset Acceptance by letter and by phone and I was offered a settlement. I was told that i could either pay the whole amount owed, which far exceeded the original amount, or agree to make regular monthly payments for 6 months. I agreed to pay $100.00 a month for 6 months.
After 6 months I was offered another settlement which also exceeded the original amount and I was told that if i could not make that payment I must make the $100.00 a month payments for another 6 months and another settlement would be offered to me at that time.
I have paid over $1000.00 on this account; $900.00 in the last 9 months. This is far more then I ever charged even with added interest.
Asset Acceptance is ripping me off
North Tonawanda, New York
This report was posted on Ripoff Report on 04/22/2009 07:40 AM and is a permanent record located here: http://www.ripoffreport.com/r/Asset-Acceptance-Providian/Warren-Michigan-48090/Asset-Acceptance-Providian-Excessive-Interest-and-Unfair-Settlement-Offers-Warren-Michig-445737. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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