Asset Acceptance, Klemenok, Kimberly A ripoff - Asset Acceptance taking me to court this is extortion, using intimidation and fear to collect money Ohio Warren Michigan

Kevin,

Each state has a Statute of Limitations for debt collection.

When was the last time you actually made a payment to ANYONE on this debt?

Any payment restarts the SOL for collections, AND the 7 year negative reporting.

The first rule when dealing with ANY debt collector is to NEVER do anything over the phone. Do EVERYTHING in writing!! Use ONLY certified mail, return reciept requested. Be sure to put the certified# on the letter itself.

Read the FDCPA at the FTC.gov website, then send a DEBT VALIDATION letter where you specifically dispute that you owe ASSET ACCEPTANCE anything, and request to see proof of debt such as something you signed and an account history.

If they bought the debt, they MUST prove they actually own it and show how much they paid for it.

FYI...SS Disability can only be garnished by the IRS. If that is your only income, even if they sue you and win, they cannot get paid.

>>Agency Details

Asset Acceptance Corp.*****
28405 Van d**e Avenue
Warren, Michigan 48092
Phone: (586) 446-7818
Fax: (586) 846-7837
Web Address: www.assetacceptance.com
(Branch offices in Baltimore, San Antonio, Cleveland, & Brandon, FL.)
2840 S. Falkenburg Road, Riverview, FL 33569 (Physical Office in Brandon, FL)
>>
10500 Highway 281 N. Ste 150
San Antonio, Texas 78216
Phone: (210) 979-3600
Fax: (210) 979-3659
>>
Bud Says...

ONE OF AMERICA'S WORST COLLECTION AGENCIES!

********** FORMER ASSET EMPLOYEES**********

We Need Your Help!

Please Email Us Here

or Call our Office


********** CONSUMER NOTICE**********
ARE YOU A VICTIM OF ASSET ACCEPTANCE CORP? HAVE YOU BEEN SUED BY THEM? WAS A JUDGMENT OBTAINED? ARE YOUR WAGES BEING GARNISHED, BANK ACCOUNT LEVIED? IF SO, PLEASE GET IN CONTACT WITH ME. *************************************

Asset Acceptance Corp.(AAC) is now a publicly traded company. (Nasdaq: AACC)

They purchases old portfolio's of mostly worthless charged-off accounts for pennies on the dollar. Once owned, they inflate the value of the portfolio, send out dunning notices and try to collect at a ridiculous profit.

Don't be surprised if you notice the date of last activity on your credit report, as stated by AAC is WRONG! Deliberately changing the date of last activity is a way to scam consumers into thinking they are entitled to money they would not legally be allowed to collect.

This is standard procedure for them -- from "re-aging" the debt on the credit history, to suing on what is probably a statute of limitations claim, to reneging on a written promise. These liars, thieves and snake-oil salesmen are trying ALL the con's known, to grease their pockets with your money.

Watch out too for the mystery $50-$75 payment that is claimed to have been revived on the account. When pressed, they claim to do an investigation and "discover" that they made a "clerical error" and mistakenly posted someone else's payment to your account. (LIARS!)

NOTHING this 'House of Cons' does should be believed or taken at face value. They have proven over and over they are liars and thieves!

Under federal law, the Fair Credit Reporting Act (FCRA) an account may ONLY stay on a credit report for seven years. One of the cons being used by Asset Acceptance is to claim you made a $50 payment, which would have re-started that clock. Unfortunately this is a 'bogus-claim' by AAC, is illegal and violates your rights.

Asset Acceptance Corp has earned the distinction of one of "AMERICA'S WORST COLLECTION AGENCY'S". They lie, steal, cheat, misrepresent, file bogus claims, create phony documents and commit perjury in the court system JUST to increase their bottom line.[Compliments of budhibbs.com].>>>>>>>>>>>>>

I hope this helps in dealing with this lowlife outfit.

It sounds like they are making empty threats but go to FTC.gov and file complaints anyway.

Good luck.