Asset Acceptance Harassment & Illegal Collection Practices Ripoff Warren Michigan

Dana:

After you write your letter disputing the bogus validation, wait a few days then send a dispute letter to the credit bureau. Be very specific with your dispute or if you are positive this debt is not yours, then it is okay to dispute as "not mine". You might have to send letters to the bureau a couple of times to get this thing removed. However, if Asset keeps verify the debt with the bureau (which they can't even prove to you is factual), they are in violation of the FCRA.

The Date Opened just notes the supposed date that Asset purchased the alleged debt. The important field of info is the DOLA, or date of last activity. A lot of times credit reports won't list that info, so you need to call the bureau to find out when that date is. That is the date that flags when the account is due to fall of of your credit report.

Continued reporting on your bureau report without providing validation is considered continued collection activity and is a violation of the FDCPA.

If they continue to give you the runaround, you might have to get nasty with them and take them to court. In the meantime, read up on the FDCPA, the FCRA and Florida's Debt Collection Laws. They're there to protect consumers - so use them.

Dana:

After you write your letter disputing the bogus validation, wait a few days then send a dispute letter to the credit bureau. Be very specific with your dispute or if you are positive this debt is not yours, then it is okay to dispute as "not mine". You might have to send letters to the bureau a couple of times to get this thing removed. However, if Asset keeps verify the debt with the bureau (which they can't even prove to you is factual), they are in violation of the FCRA.

The Date Opened just notes the supposed date that Asset purchased the alleged debt. The important field of info is the DOLA, or date of last activity. A lot of times credit reports won't list that info, so you need to call the bureau to find out when that date is. That is the date that flags when the account is due to fall of of your credit report.

Continued reporting on your bureau report without providing validation is considered continued collection activity and is a violation of the FDCPA.

If they continue to give you the runaround, you might have to get nasty with them and take them to court. In the meantime, read up on the FDCPA, the FCRA and Florida's Debt Collection Laws. They're there to protect consumers - so use them.

Dana:

After you write your letter disputing the bogus validation, wait a few days then send a dispute letter to the credit bureau. Be very specific with your dispute or if you are positive this debt is not yours, then it is okay to dispute as "not mine". You might have to send letters to the bureau a couple of times to get this thing removed. However, if Asset keeps verify the debt with the bureau (which they can't even prove to you is factual), they are in violation of the FCRA.

The Date Opened just notes the supposed date that Asset purchased the alleged debt. The important field of info is the DOLA, or date of last activity. A lot of times credit reports won't list that info, so you need to call the bureau to find out when that date is. That is the date that flags when the account is due to fall of of your credit report.

Continued reporting on your bureau report without providing validation is considered continued collection activity and is a violation of the FDCPA.

If they continue to give you the runaround, you might have to get nasty with them and take them to court. In the meantime, read up on the FDCPA, the FCRA and Florida's Debt Collection Laws. They're there to protect consumers - so use them.

Thanks for your response Heather. I had read somewhere, possibly on Bud Hibbs site, that they were required to provide you with this information if you requested it.

I guess you are saying they are required to provide it to you only if they have filed a law suit against you.

I know sometimes you need to let these bottom feeders know you know your rights, otherwise they will take complete advantage of you.

I will however modify my letter to them and just ask for proof in a form other than what they sent to me.

To answer your question, yes, they have reported this to the credit buereu. Ironically they reported right after they got my Cease & Desist letter.

They report a "Date Opened" status of March 2006. I know this to be an absolute lie. March is not so long ago that I cannot remember if I had an account with MBNA or not. I know without any doubt that I did not.

Hi Dana:

The letter you are sending is inappropriate due to the fact that they don't have to send you what you're asking for in order to validate the debt (it would only be required if they chose to sue you).

However, the bogus in-house statement is not true validation either.

It's not your responsibility to tell them what validates the debt, so don't. But it is important to write them back and tell them that "a bogus in-house statement does NOT constitute validation, therefore the debt is still in dispute". (It's important to deny their statement, otherwise they could get an "account stated" status for the debt because you didn't deny their "proof".)

Make it very simple and to the point...and remind them that telephone calls are inconvenient to you at any time or place. And make sure you get back the green tag and keep it.

You'll know true validation when you see it (or should I say IF)...perhaps copies of statements or a record of activity for the last few months, etc. Something that proves how they came up with the amount that they say you owe. The key is that they need to obtain this from the original creditor, then forward the info to you.

P.S. Is this on your credit report?