• Report: #345393

Complaint Review: Palisades Acquisition/nelson,watson, And Associates,LLC

  • Submitted: Sat, June 28, 2008
  • Updated: Tue, August 04, 2009

  • Reported By:sequim Washington
Palisades Acquisition/nelson,watson, And Associates,LLC
80 Merrimack St. Lower Level Haverhill, Maine U.S.A.

Palisades Acquisition palisades Acquisition/nelson, watson, And Associates, LLC trying to collect a paid off debt, wont disclose info, only giving 4 days to send money. Haverhill Maine

*Consumer Comment: YES A COLLECTION AGENCY CAN SUE - not just the original creditor

*Consumer Comment: you do have rights

*Consumer Comment: Advise.....

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i recieved a letter from them saying i owe 2,000 dollars for a debt they purchased from chase. i have already paid this in 2/2004. they will not disclose any info about what collection agency sold the debt. and are only giving us til the end of june to pay them or they will sue. we only got this letter on the 26th. giving us no time to get proof, research them or to get money. 2 of these days are weekend days. i will have 1 day to prove them wrong or i will have to concede by sending them a post dated check for a payment. this will only say that they are right. i want to fight it but they will not allow dispute.

sequim, Washington

This report was posted on Ripoff Report on 06/28/2008 03:12 PM and is a permanent record located here: http://www.ripoffreport.com/r/Palisades-Acquisitionnelsonwatson-And-AssociatesLLC/Haverhill-Maine-01830/Palisades-Acquisition-palisades-Acquisitionnelson-watson-And-Associates-LLC-trying-to-345393. 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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#1 Consumer Comment

YES A COLLECTION AGENCY CAN SUE - not just the original creditor

AUTHOR: Laurie - (U.S.A.)

Usually they sue with false court filings. DISPUTE ANYTHING THEY PRODUCE AS FRAUDULENT - BECAUSE IT IS!

IT IS THE DEBT COLLECTORS RESPONSIBILITY TO PROVE YOU OWE THE DEBT - not your responsibilty to prove you do not owe it.

The reason they claimed you cannot dispute it is because they cannot PROVE its your debt. Junk debt buyers like this one - cannot validate debts. THEY CANNOT PROVE YOU OWE IT - THAT'S WHY THE LIED TO YOU.


Palisades Collections, LLC

aka Asta Funding, Inc.

210 Sylvan Ave., Englewood, NJ 07632

Phone: 800-991-9367 Phone: 201 567-5648

866-230-9094 866-230-8075

201-567-2438 866-230-8094

Fax: 610-758-9781 or 201-567-2203


Head Debt Collectors:

Arthur Stern Chairman of the Board, Asta Funding

Gary Stern - President & CEO

Mitchell Cohen, CFO, Asta

Mary Curtin, VP, Ops

Nan Beilinson, VP

Rob Knight, VP

CONSUMER ALERT! Palisades has purchased a large portfolio from Wolpoff & Abramson that trace back to many names used by W&A for the purpose of purchasing junk debts for about a nickel on the dollar. When you call Palisades/Asta you are asked to punch in your social security number so they can locate your account.

We STRONGLY urge anyone dealing with these bottom feeders to NEVER give them your social security number as they may not have it. We further advise you to NEVER give them your banking or credit card information. The paperwork that Palisades/Asta obtained in their purchase is known to contain a LOT of false and manufactured documents.

DO NOT GIVE THEM ANY INFORMATION; MAKE THEM VALIDATE EVERY ALLEGED CLAIM WITH ORIGINAL DOCUMENTS THAT CONTAIN YOUR SIGNATURE. (We have reason to believe many of these original documents do not exist, however Asta/Palisades have the ability to manufacture them, given time.)


Bud Says Consumer Comments Below

Also known as Asta Funding, a publicly held organization worth a LOT of money. Palisades Collections, LLC is their bottom feeder entity collecting on old, worthless accounts. Their up to now good reputation, is being flushed down the toilet with the illegal activity of Palisades.

Purchasing old debts is okay, however the law is quite clear that you must accurately report information on credit bureau reports. Palisades Collections apparently is not aware of that law. The complaints we receive on them are for a lot of accounts out of statute, changing the dates of last activity on credit reports and grossly inflated accounts.

This could be construed as an attempt to inflate their portfolios to Wall Street to make them look better than they are, NOT an uncommon practice for a bottom feeder.

Palisades Collections needs to be confronted at every step with demands for debt validation. All of their tainted credit bureau reporting should be disputed; court suits MUST be vigorously defended. Challenge each and every document they file, assume they are bogus and manufactured. Palisades appears to be engaging in a lot of illegal collection activity and credit bureau reporting, they deserve to be sue at every opportunity by consumer law professionals.

Read how these greedy bottom feeders are making a fortune based on the misfortunes of others from their own website: http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=ASFI&script=700

I recommend you utilize consumer professionals to go after these deep pocket icons of American enterprise. Let owners Arthur Stern, Gary Stern know what you REALLY think of them and their dumpster diving business.

CAUTION: I recommend you NEVER disclose your bank account or credit card information to a debt collector, as you risk them emptying your account, or maxing out your credit card. If you feel they are reporting on your credit bureau files in error or need assistance in dealing with them, email the details w/your location. Assistance and referral to a consumer legal specialist may be available.
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#2 Consumer Comment

you do have rights

AUTHOR: Unshsjg - (U.S.A.)

The main thing is to remember never give any collection agency any of you checking scct numbers nor your credit card and or your debit infomation. you do this they will drain you dry. that why they push as hard asthey can to get those numbers. I had a friend that did this because they were intimidated by the collector and gave them his bank debit card number and they drained him dry. so he hired attorney to get his money back because the agency did not take the monthly amount verbally agreed and all he got from the judge was did you owe the money and he said yes and the judge thera's nothing i can do. but also remember the collection agency cannot sue only the main creditor can for example gemb
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#3 Consumer Comment


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

i want to fight it but they will not allow dispute.
It is your right under federal law ( Fair Debt Collection Practices) to dispute this.

Send them a letter via Certified Mail + Return Receipt stating:

Per the Fair Debt Collection Practices Act, I am requesting written validation of this alleged debt

Read up on the Fair Debt Collection Practices Act and understand your rights:


DO NOT let them scare you with bogus threats....Debt collectors cannot send the sheriff to your house to have you arrested...neither can they take your firstborn child....
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