To get straight to the point about a month or so ago I received a call from a "process server" that left a message on my voice mail to meet with. I was skeptical at first because I know in my area of Memphis, that when you are getting sued, they normally send out a Sheriff Deputy to serve papers, so a 3rd party process server was uncommon. However, I called him back, and he claims I was being sued for either "citibank" or "Methodist Hospital". So, me, trying to do the right thing, agreed to meet with him and received the paper work. I discover I was being sued by Asset Acceptance because of a Citibank card I opened in college (you know the one where they offer you a free box of chicken to open up an account). The original account was opened in 2003 and Charged off by citibank according to my credit report around 2009. AA LLC has reopened this account on my credit as of 8/2011. I received the suit paper on Sept 10, 2011 and that was the first I had heard of them handling the account.
After receiving the letter from the attorney David Mendelson in Memphis, Tennessee, I mistakenly (after reading up on what to do) called and attempted to put in a settlement offer. My train of thought was to keep from going to court and to basically get on with my life. I never spoke with mendelson, or Asset Acceptance, however, I did speak to a paralegal/secretary/random chick named Lindsay at Mendolson's office, and again, mistakenly tried to settle. David Mendolson sent a settlement letter saying per "our" conversation, (and I couldn't tell you what this guys voice sounded like) my client as agreed to settle for $1235 and it needs to be in his office by the close of the 15th of October. As of today, I am trying to see what options in the state of Tennessee can I take.
The amount they claimed I owed total is $2135 and they are talking about settling for $1235. Citibank charged it off for $850 in 2009 and that is what I mistakenly offered. Thanks in advance for any advice I can get in this matter.