Report: #1399643

Complaint Review: Asset Recovery Associates

  • Submitted: Tue, September 12, 2017
  • Updated: Tue, September 12, 2017
  • Reported By: Lynette — Queen Creek Arizona USA
  • Asset Recovery Associates

    Chicago, Illinois
    USA

Asset Recovery Associates, ARA Held me for an hour and a half on the phone telling me that I indeed owed a debt, and they were going to garnish my wages, and submit a judgement to have to appear before a judge. Chicago Illinois

*Author of original report: Statute of Limitations

*Consumer Comment: You just made a horrible mistake.

Show customers why they should trust your business over your competitors...

I was called at 6:30AM when I entered my classroom (I am a teacher) to prepare for my class. They said I opened a CC in 1995 from First USA and never paid the balance. It has since accrued to over $8000, including their fee of $3700. I told them I never heard of that CC. They started pulling up other information of debt during that time. They said that I had to pay the debt to get out of going before a judge. They were filing with the county in two days. They said they were going to garnish my wages, and/or take it out of other credit cards that I have. They would be willing to settle for less. They would overnight me the paperwork to settle out of court if I made a good faith payment. I told them I had children coming in, and I didn't have time to do that. They told me if I didn't do it right then, that they would go ahead and file. I told them I would pay them $25.00, so I gave them my routing number and account number. After I hung up the phone I was so distraught I told my coworkers and they immediatly said to call the bank and have them tell me what to do. The bank said that I should reconstruct my account and routing number because they sounded like a scam. The bank checked my credit report and said there was nothing bad in it. They checked Experian. I checked Credit Karma, and also, nothing outstanding. I told these people that I no longer lived in the previous address, but that I moved two months ago. They now have my new address, in order to send the paperwork. I never received ANY phone calls, letters, emails, NOTHING that had me think that I was in default of any loan or credit card. These people prey on innocent victims. How horrible. I wanted to cry all day! Try teaching a first grade class with that over your head. Horrible people! 

 

I am not sure what will happen once they find they can't cash the $25.00, but I am told that they cannot garnish wages, or anything like that. 

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™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 09/12/2017 06:19 PM and is a permanent record located here: http://www.ripoffreport.com/reports/asset-recovery-associates/chicago-illinois/asset-recovery-associates-ara-held-me-for-an-hour-and-a-half-on-the-phone-telling-me-th-1399643. 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. READ: Foreign websites steal our content

Search for additional reports

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

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

Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner

#1 Author of original report

Statute of Limitations

AUTHOR: - ()

Not true. Cannot renew a statute of limitations on a debt not owed. There is a special place in hell for people like this. I have contacted the bank that has acquired these credit cards and they verified that I never owed a dime. I will pursue harrassment if they keep calling and leaving nasty messages. I have contacted a lawyer, and they are guiding me. 

Respond to this report!

#2 Consumer Comment

You just made a horrible mistake.

AUTHOR: Cbake - (United States of America)

 1. The statute of limitation has been breached. In most states the limits of action that can be taken is around 10 years. It varies greatly by state. It is counted from the last payment. By sending a payment you may have reset the statute of limitations. This is even if the check fails to cash depending on the judge hearing the case. 2. Things over 10 years old drop off your credit. What I would do is demand in writing proof of the debt next time they call. In s court case they must show a chain of custody.

Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.