• Report: #790657

Complaint Review: Asset Acceptance

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, October 19, 2011
  • Updated: Fri, October 21, 2011

  • Reported By: Ruined — Bryan United States of America
Asset Acceptance
P. O. Box 2036 Warren, Michigan United States of America

Asset Acceptance Forced into unwanted bankruptcy by Asset Acceptance. Warren, Michigan

*Author of original report: Judicial - Templeton

*Consumer Comment: Don't be so sure

*Consumer Comment: Are you sure?

*Consumer Suggestion: Collectors File Lawsuit

*Author of original report: To: Southern Chemical and Equipment, RE: Asset Acceptance

*Consumer Suggestion: Always respond to any collections attempts by 3rd party collectors

*Consumer Comment: Reality check.

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

When will this company finally get THEIR "judgment with interest"?? They continue to file lawsuits on people  who are willing to pay. They do this by demanding a ridiculously high payment that they already know you can't afford and then when you can't meet the impossible demand they file a lawsuit. Whatever you do, don't tell them you are trying to be "fair and equal" to all your creditors! They will then file for a judgement so they can get an unfair ADVANTAGE over your other creditors. And the courts continue to let them get away with this with lying affidavits and no documentation. Then after you get served with papers they call to record your angry reaction while they act calm and polite, knowing it's being recorded. Question for everyone: Why the heck are they calling about a payment plan AFTER THEY HAVE ALREADY FILED A LAWSUIT? It's too late for that. Filing a lawsuit will not magically increase the amount you are able to pay them. [continued below]....
..... They don't want a payment, they want all your assets, bank accounts,etc. THEN they will "accept a payment" after the damage is done and they have ruined your life. I was willing to pay them an amount equal to what I was paying the creditor to whom I owe the most money (even though AA never loaned me any $ or in any way benefitted the original creditor who did.) I can't even begin to express the intense hatred I feel for this company. I just can't talk to them (which of course works in their favor because it makes me look "uncooperative".) My lawsuit just appeared in the newspaper and the court even embellished it by adding (after the other info) "..for failure to make payments". (Well they "couldn't accept" my payment because it wasn't large enough to satisfy their greed.) I now will have to file bankruptcy just to make sure my other creditors will be treated fairly. It is not fair for the creditors who loaned me money to get nothing because AA, (the one who did nothing for anybody) gets all the rights. The others get punished for being fair and accepting an affordable payment. AA acts like it's no big deal when they publicly embarrass someone and ruin their life, it's "just business". Their karma is long overdue. It's all about making an easy buck by taking advantage of the misfortunes of others. They need consequences. They prey on people who they know can't afford an attorney and have no legal expertise. Most likely they wear people out with discovery and interrogatories and run up big attorney fees for themselves that the debtor has to pay even though they can't even afford an attorney for themselves. They even claim to be performing a "valuable service" (I guess their "valuable service" is about causing unnecessary bankruptcies and suicides..)

This report was posted on Ripoff Report on 10/19/2011 04:55 PM and is a permanent record located here: http://www.ripoffreport.com/r/Asset-Acceptance/Warren-Michigan-/Asset-Acceptance-Forced-into-unwanted-bankruptcy-by-Asset-Acceptance-Warren-Michigan-790657. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Asset Acceptance

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
2Author 5Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Judicial - Templeton

AUTHOR: Ruined - (United States of America)

Hi. Actually I think they DO want to go to court. Otherwise it doesn't make sense that they even filed. They know my income and assets are exempt. So it has to be about the other creditors. They will now set off a chain reaction as the others will be aware of their lawsuit and know what they're trying to do and as a previous poster said, "jump on the bandwagon".

This case will definitely go to trial. I am waiting for just one more piece of info to arrive before I file my answer. If I lose, I will appeal and if that doesn't work what happens next depends on the other creditors. If they keep accepting my payments they will continue to get them - I'll just have to pay them by money order. So there is no sense in even talking to Asset until I see all the fallout from what they started. It wasn't necessary to haul me into court and try to force me to make a payment. All they have done is create an adversary relationship, and even if I were making payments they could still file suit against me, they do it to people all the time. Bottom line, I don't trust them. Talking to them on the phone will be all about entrapment now, trying to get me to say something they can use.

Thanks for your input, I appreciate it.
Respond to this report!
What's this?

#2 Consumer Comment

Don't be so sure

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

They can "dictate" their payment terms all they want but if the person doesn't have it, they can't pay it. Filing a lawsuit won't change that.

-
You seem to be under the impression that you can "dictate" what you want to pay, and the creditors must accept it.  The fact is you can't.  If they get a judgment they can, and have every legal right to, take further action.  Depending on your state this could include Wage Garnishment, Attaching of your accounts, or placing liens on any real property(such as a house) you may own. 

Creditors hear the "I am going to file bankruptcy" every day by people who think it will keep them from collecting, when they have no intention of filing bankruptcy.  Creditors know this so it is NOT a threat to them.

You seem to be under the impression that AA is causing all of this.  If you go to court with this attitude the only thing you are going to get, in addition to a judgment, is a nice 30-60 minute lecture from the judge.  You need an AA(Attitude Adjustment).  You are in this situation because YOU failed to meet your obligations.  The reason really doesn't matter because no one held a gun to your head to borrow the money in the first place.  If this suit causes you to file Bankruptcy, then it was just a matter of time before you were going to have to file anyways..suit or not.  Also, don't be surprised if the other creditors jump on the "Lawsuit bandwagon" in the near future.

I would suggest that you get an attorney to file your answer.  But keep in mind that if the debt is yours, it is within the Statute of Limitations, and they can show you owe it.  You are probably not going to get out of this...short of filing Bankruptcy.  The best you could hope for is in court take proof of all of your expenses and income.  They care about the necessities such as Shelter, Food, Transportation.  They DON'T care about other creditors or how fair you are trying to be.  Perhaps the judge can come up with a payment schedule acceptable to both parties.

Good Luck
Respond to this report!
What's this?

#3 Consumer Comment

Are you sure?

AUTHOR: Flynrider - (USA)

Filing a lawsuit won't change that. "

  That only works if you don't plan to have a job or a bank account for the forseeable future.   As I said above, they're filing suit so they can go after paychecks and bank accounts directly.   They'll get paid before the other creditors do.
Respond to this report!
What's this?

#4 Consumer Suggestion

Collectors File Lawsuit

AUTHOR: Judicial - (United States of America)

You can stop them in their tracks depending on how much you owe.  It is not hard to file an answer as a pro per. 

They most likely do not want to go to court, it costs them more money and like you know if in the end they win they still lose if you file BK.  However, because most people do not know how to file the answer they will win and then use the court for writs to get your wages, bank accounts and assets.  So if you fail to answer they will win a default judgement and then add to the debt with filing fees, etc.

If you need help with Collectors contact me at sourcemaster@juno.com

Respond to this report!
What's this?

#5 Author of original report

To: Southern Chemical and Equipment, RE: Asset Acceptance

AUTHOR: Ruined - (United States of America)

Thanks for your comments. Actually they don't have a judgment yet, I haven't even filed my answer yet. I agree with you about the phone. Big mistake. Spent LOTS of time on the phone with them and it was a complete waste of time. Only what was in writing counted. So I won't make that mistake again.

They are the only "fools" though. My other creditors are smarter. They will continue to get their payments while Asset gets nothing. They can "dictate" their payment terms all they want but if the person doesn't have it, they can't pay it. Filing a lawsuit won't change that.

Respond to this report!
What's this?

#6 Consumer Suggestion

Always respond to any collections attempts by 3rd party collectors

AUTHOR: Southern Chemical and Equipment LLC - (USA)

Always respond in writing to all collections attempts by 3rd party debt collectors aka: bottomfeeders.

I say this because in most cases they CANNOT "validate" as required by law and under the FDCPA requirements must then cease collections efforts, including frivolous lawsuits.

They only sued you and got a judgement because you failed to respond properly.

STAY OFF THE PHONE!!!

NEVER deal with any 3rd party debt collector verbally!!

Get EVERYTHING in writing!!!

However, you can still get the last laugh here.

Wait until all bottomfeeders have spent all the time and money possible on collections efforts like lawsuits, etc..NOW GO FILE BANKRUPTCY!!! You win!!

Get the last laugh on these fools!!

Do it now!!

BANKRUPTCY RULES!!

It's your RIGHT under the law.
Respond to this report!
What's this?

#7 Consumer Comment

Reality check.

AUTHOR: Flynrider - (USA)

 ". Whatever you do, don't tell them you are trying to be "fair and equal" to all your creditors! "

   You are the one who didn't pay back the money you owed (apparently to a lot of people).   You do not get to decide the terms of repayment.    It is their right to file suit and obtain a judgement against you.   If you think that's embarrasing, wait til they serve a court order at your place of employment to have your wages garnshed (which is why they filed suit in the first place).

"My lawsuit just appeared in the newspaper and the court even embellished it by adding (after the other info) "..for failure to make payments". "

   How is that an embellishment?   I read your post and it sounds like the simple truth.  Just because they wouldn't agree to repayment on your terms doesn't make that an embellishment.

   Bottom line here is that you have dug yourself a financial hole.  The companies that are trying to get their money back are not the bad guys.   You made financial commitments and didn't keep them.  They see you as the bad guy.  

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory