ED Magedson – Founder
Asset Acceptance, LLCP.O. Box 2036 Warren, Michigan United States of America
Via Fax: (586) 446-7837 and (586) 446-1803
Via Email: firstname.lastname@example.org
Asset Acceptance, LLC
28405 Van d**e Avenue
Warren, MI 48093
P.O. Box 2036
Warren, MI 48090-2036
Re: Original Account: # / Asset Account: # / Balance: #
Dear Asset Acceptance,
This letter is to inform you that the validity of this debt is disputed. I am not sure of the accuracy of this account as it may be past the Statue of Limitations and the current balance is disputed. In the spirit of compromise, I am willing to pay this account in full in the amount of $1,500.00 in four payment installments of $375.00 via money orders.
If you agree to the terms and accept this agreement, please forward a letter of confirmation from your office, and the first money order in the amount of $375.00 will be Federal Expressed to your office after receiving your agreement letter. The three (3) remaining payments will be sent as follows: December 9, 2011 ($375.00), December 23, 2011 ($375.00), and January 11, 2012 ($375.00). Once your office receives the final payment of $375.00 on January 11, 2012, it will be considered the full and final settlement amount in exchange for full deletion of ALL references regarding this account from my credit reports and a letter from Asset Acceptance, LLC noting that this account is satisfied and closed. Asset Acceptance, LLC agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of the final payment as specified above and send me notification that the payment has been received and the trade lines have been removed my credit reports.
If you agree to the above terms, please prepare a letter on your company letterhead explicitly agreeing to the same terms as the above offer, with an exact amount to be paid and have it signed by an authorized representative of your company. At the time that this letter was constructed, the full amount currently being offered is $1,500.00 (One Thousand Five Hundred Dollars and 00/00 cents). It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of the State of ________.
Your response must be postmarked no later than 30 days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this debt, as provided for by the Fair Debt Collection Practices Act. I will also be respectfully requesting your office provide me with the following: any and all written documentation from the original creditor with the original balance of the account explaining how you calculated what I owe; proof you own the debt/or have been assigned the debt to be collected from me by the original creditor; complete payments history, starting with the original creditor (need proof of my payment history with original creditor, what the amount of the debt was when the creditor assigned the debt to your company, and what fees/interest has been tacked on to this debt and how you determined these fees). This requirement was established by the case Fields v. Wilber Law Firm, Donald L. Wilber and Kenneth Wilber, USCA-02-C-0072, 7th Circuit Court. During this validation period, I will consult with an attorney. Any future communications with me MUST be done in writing.
This report was posted on Ripoff Report on 11/09/2011 10:37 AM and is a permanent record located here: http://www.ripoffreport.com/reports/asset-acceptance-llc/warren-michigan-48090/collection-agency-sasset-acceptance-llcasset-acceptance-llc-non-sto-1c68ehtm-796472. 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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