Complaints & Reviews

Horrible Company

Asset Acceptance has been calling my house for about 3 months to talk to my wife. I finally got tired of listening to the messages when I got home after work. So I returned the call. I tried to keep it simple and just get their address and the account number they were calling about. I just wanted to write a "Quit contacting me letter". After a few questions, I got the information that I needed. I decided that I wanted more specific info on the 7 year old debts so that I could have legal backing when AA sells it and it get re-aged on my wifes credit report. She passed me on to her manager. He apparently was kicked repeteadly as a child. His anger was just amazing. He made sure to tell me that my wife are are professional debtors because I refuse to pay for debts that 1. There is no proof they are my wifes. 2. Even if they are, they are both past the SOL and almost to the point of coming off her credit report. He then proceeds to tell me that they also have another debt in my wifes name. I decide this is as good a time as any to go ahead and get the info to write a letter about it as well. Mr. Needs to Get Laid, has a hissy fit on the phone. I decide I have had enough and I just hang up on him. Now guess what is happening? You got it, they are now calling to collect on the second debt. I just want to know what I can do to protect myself from them selling the debts and this stating all over again. I know that AA is fraudulent because they have tried to collect a debt from that they claimed was mine before. I had never even had an account with Alltel and they decided to drop it. This company has no decency whatsoever.

  • As
    Asset Acceptance Victim Jan 27, 2010

    I would like to get with other victims of Asset Acceptance Asset and sue them!

    Here is my story: it is 2010 and Asset Acceptance LLC has just stolen $5000 from my bank account. They claim it is from an old $900. visa from 1995. They severed someone with my last name in an other state. That person discarded the summons and Asset Acceptance automatically got a default judgment against me. They then used a Domestic Interstate Transference to transfer the judgment to the state of my residence and take the money plus 15years worth of interest from my account. They are cowards and crooks and they purposely sneak cases through courts without giving you the chance to fight it. Asset Acceptance knows that the only way to win is by default. You often need a lawyer to fight them which is so costly that most people just "give in to them".

    I have learned that they constantly troll these blogs because they DO NOT want us to know about each other and they especially do not want us talking to one another. If you see any comments that support their tactics I can guarantee you it is just one of there "employee ### plants"

    Organizing together is the key (just "Google" their name and you can see that they MUST be stopped)

    I have no legal expertise I am just a another victim who is determined to stop them...I have created an email address just for this fight so feel free to write me at [email protected]

    Victims and Lawyers interested in representing a Class Action case against Asset Acceptance are always welcome to email me.
    Sincerely Victim X.

    0 Votes

Harassment

I have never heard from Asset Acceptance previously before the call I received from them while on the job. I asked them what was the nature of their call? They explained the reason for the call and I in turn TRIED to explain to them that I do not owe them or any other so-called company they are speaking on behalf of a dime. I am a victim of identity theft over 5 years ago and I did NOT charge this debt. They hung up on me. They never even tried to contact me at home, first call was to my place of employment. Thank gosh I am in Management where I am employed and it was not an ordeal I had to contend with. This company is a joke and very unprofessional. I have only been contacted once and I feel confident they got the picture and will no longer contact me.

  • Mi
    Michael Jan 06, 2009

    I have received phone calls and also received letters from them stating that I have a debt from a store and that they are simply collecting that debt. When I have asked them to disclose the name of the store they refuse to do so.

    They have also stated perhaps I have been a victim of a identity theft.

    Yet when I have ask them to take me to court for this debt they just simply end the phone call. Later a month or two I receive a letter in which they in for me that I should settle this debt by simply making payments. I strongly believe that this is a fraud. WATCH OUT!

    0 Votes
  • As
    Asset Acceptance Victim Jan 27, 2010

    I would like to get with other victims of Asset Acceptance Asset and sue them!

    Here is my story: it is 2010 and Asset Acceptance LLC has just stolen $5000 from my bank account. They claim it is from an old $900. visa from 1995. They severed someone with my last name in an other state. That person discarded the summons and Asset Acceptance automatically got a default judgment against me. They then used a Domestic Interstate Transference to transfer the judgment to the state of my residence and take the money plus 15years worth of interest from my account. They are cowards and crooks and they purposely sneak cases through courts without giving you the chance to fight it. Asset Acceptance knows that the only way to win is by default. You often need a lawyer to fight them which is so costly that most people just "give in to them".

    I have learned that they constantly troll these blogs because they DO NOT want us to know about each other and they especially do not want us talking to one another. If you see any comments that support their tactics I can guarantee you it is just one of there "employee ### plants"

    Organizing together is the key (just "Google" their name and you can see that they MUST be stopped)

    I have no legal expertise I am just a another victim who is determined to stop them...I have created an email address just for this fight so feel free to write me at [email protected]

    Victims and Lawyers interested in representing a Class Action case against Asset Acceptance are always welcome to email me.
    Sincerely Victim X.

    0 Votes

Fraud and cheating

Asset Acceptance of Warren, Michigan and also of Cleveland, Ohio is a scam to rip off your money. Asset Acceptance trains their employees to be Con Artists and try and take your hard earned dollars away from you. Consumers have rights and do not let Asset Acceptance take those rights away from you. There are Federal Consumer Protection Laws and Asset Acceptance will violate those laws without your knowledge in attempts to rip you off. You have rights, contact a attorney if necessary but do not let Asset Acceptance take your money away from you.

Asset Acceptance buys old outdated accounts from companies for pennies on the dollar and attempts to collect on them. They add on super high interest fees to over double the amount they say that you owe them. Most times the accounts are so old that legally they cannot collect on them even though they will attempt to.

There are consumer laws to protect consumers on old debts. There are cut off dates that a account can be collected on. Check the internet for consumer protection laws and do some checking on the consumer laws before answering any questions from Asset Acceptance. Do not pay them a single penny as in some cases that will reactivate your old outdated accounts to make them legally collectible again. Do some investigating and it will save you from paying Asset Acceptance any money at all. You have rights and do not let Asset Acceptance violate those rights.

Send a letter to the Federal Trade Commission, The Better Business Bureau and also the Attorney General Office in your state asking them to shut down Asset Acceptance so they will not continue ripping innocent people off.

  • Dj
    DJPanther11 Sep 26, 2010

    I agree with the commenter on this one. I could sure use all the help I can get on this one as well. I owe money to them too and that is from 13 years ago. Can they do that? Please help!!!

    0 Votes
  • Ph
    Phuoc Nguyen Jan 10, 2012

    Asset Acceptance has took my old debt and suing me to the court.
    These sections were very helpful to the people and then I had sent
    the complaint to FTC, BBB and Attorney General Office in Michigan
    on 01/09/2012

    0 Votes

Scam and lies

I was contacted by an agent of Asset Acceptance based in Fl. I returned her call and spoke to another agent, didn't write her name down. Very friendly, acted like I had a bill to pay and wanted to make arrangements. She told me I had a gym membership that was sent to collections. couldn't name it, just kept throwing out names, like a dip I responded with I haven't belonged to a gym in over 10 years and sure enough, it was 19 years ago.

I was a member of Bally's. I mentioned that I closed those account in good standing and even if there was a collection notice the statute of limitations negated it. She told me 'that only applies to credit cards'. I called her out and told her it applies to this as well. That I closed all my gym memberships in good standing and if she was able to find a debt it was a friggin miracle, at which point she hung up on me.

I am sure this is going to become a legal problem and I wondered what should I do next? I have already filed complaints with every org. I could find and ordered credit reports.

Credit harassment phone calls

I have been called on my Cell Phone every day for the last 9 months. I was sent a bill for something in 2001...

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They are nothing but thieves

They got themselves an attorney to represent them from Minneapolis. I am deaf and disabled so of course I could not attend a hearing about an account that had unauthorized payments taken from a credit card years ago.

They got a judgement and froze my bank account and withdrew my the remainder of my social security disability check. Sent them my 1099 as proof that I receive SS disability and also proof that I receive a monthly check.

Of course they are fighting the exemption. There goes my medical bill money for this month. I can't afford an attorney and can't ask for a hearing because I am in the process of moving.

Pretty bad in a time of bad economy that these dregs of society and bottom feeders go after the poor and disabled. I hope they rot.

  • Md
    m.d. Jun 11, 2008

    I've the same thing that is happening to me. please help.

    0 Votes
  • Ga
    GAgirl Aug 06, 2008

    Wow. How did they serve you? I think in GA they have to serve you papers. I've had a credit card company try to sue me. they sent a sherriff to serve me. I responded to the inquiry and never heard back from them. My friend on the other hand, claimed he never got the papers. they got a default judgment against him and were garnishing about $800 a month from his check!

    0 Votes

Bunch of thieves!

What a bunch of thieves!!! My fiancee had some problems with a loan in 2002, when he was married to his ex-wife. Asset claims they purchased this account in 2005; however, they have "last activity" listed as 09/07 on his credit report. Not true!!!

He had to call them SIX SEPARATE TIMES to just get proof of this debt; by the time they faxed it to him, he had 4 days to get a loan for $3,700.00!!! They told him they'd settle for $4,000.00 and pushed back the settlement expiration date by 4 days because they claimed that they had no record of a settlement letter ever being sent to him, and tried to claim that he owed them over $12,000.00 because he "asked for proof of debt"!! He had to fax them their <b>own</b> settlement letter to show that they did indeed offer to settle for $3,700.00 and that the offer expired 02/08, not 01/08!!!

He kept telling them he needed these documents immediately so that if the debt was his, he could get a loan to pay the settlement; they told him that they didn't "know why he was in such a hurry" when he had never accepted their prior settlement offers. When he explained that he never got their prior offers, they told him it was HIS fault!!!

Asset Acceptance LLC is nothing but wolves in sheep's clothing! They claim to be doing good work when all they do is screw people over!!!

  • Ju
    Judy Weismonger Esq Feb 08, 2008

    In order to keep this company from making harassing phone calls...sign up for $10 a month to MyFax.com. I do not represent MyFax.com in any way, its just a convenient fax system through your computer, which allows you to send 100 faxes per month for $10 bucks.

    Research as many fax numbers as you assigned to the offending company and send them a fax all at one time such as:

    To whom it may concern:

    Do not call this number: xxx-xxx-xxxx....

    You do not have permission to call this number at any time, by the owner of this phone number.

    Continued violations of this letter will result in a complaint made to the FTC, the local BBB, and legal action will be taken
    in which all further phone calls will be liable to a fine of $5000 per phone call levied against your company.

    Fax numbers can be found by Googling the company's name and adding Fax (Asset Recovery Fax), and it is most certain a number
    of Fax numbers will show up. You can also call the offending company without disclosing your name and asking for their corporate fax number.

    Re: Asset Recovery, the number of fax phone numbers I found are:
    586-846-7837
    866-661-3105
    804-353-2350
    586-446-7825
    503-230-1135
    210-979-3659

    In the letter, tell the offending company, that any further correspondence to the owner of this number (unnamed) should be directed in writing to: (Give bogus address if you want).

    I also suggest that you scan in a bogus signature, or the signature of your attorney, and attach it to the letter by copying and pasting to the new document... as some of these disgusting companies will not stop calling you without a "signed letter." Fine! Not a problem.

    My best to everyone....
    Judy Weismonger Esq.

    -1 Votes
  • Fr
    fran Feb 26, 2008

    I am in a similar situation.. and would ask for any advice.

    Asset Acceptance apparently sued me in Florida on something outside SOL.

    The problem is that i lived in Kentucky when they went to court and was never provided with a summons or anything.

    any suggestions on how to fight this. Of course you only find these things out at inopportune times, and I need this to go away immediately.

    -1 Votes
  • An
    Angie Jun 15, 2008

    I received something similar. How is it that these scammers can exist?

    -1 Votes
  • Cr
    Cristina Aug 29, 2008

    I sometimes wonder how people tolerate such calls. Few days back I got a call from this number 800-545-9931. The call irritated me. I've found a forum thread at debtconsolidation care community on this company. Is anybody promoting them there?

    here is the link:
    www.debtconsolidationcare.com/collection-agencies/assetacceptancellc.html

    -1 Votes
  • Re
    responsibleamerican Dec 01, 2009

    Every one of you losers need to stand up and take responsibility for the money/goods you stole from the rest of America and the government. Quit spending money you don't have on junk that you probably don't have anymore. I am sick and tired of the losers that try to blame someone else for attempting to collect money "credited" and never repayed. This country is crippled by useless unresponsible jerks like you that continue to think someone owes you something, when in fact it is YOU that owes the debt.

    0 Votes
  • Wi
    witchesbrew Jun 11, 2011

    To responsibleamerican...you are an idiot. Nobody stole anything from anyone. You make assumptions as to what the situations are of the people who have had these encounters with Asset Acceptance. They purchase accounts that have even been in many cases for a few hundred dollars in arrears. After all of the late fees and multiple other fees have been applied these debtors wind up owing upwards of $4, 000.00 to $5, 000.00 when in fact the original balance on an acount was maybe $200.00. I had this occur to me. In fact, the acount HAD been paid in full, the credit card company had agreed to remove the late fees but never followed through. So basically, you are paying interest and late fees on interest and late fees. There is something horribly wrong with that. Then the credit card company just eventually writes off the account because it knows that those fees will never be collected. Then here comes Asset Acceptance who purchase groups of these type acounts and they add tons of additional fees to them after the accounts have been dormant for upwards of 6-7 years. They(asset Acceptance) then sneaks in like a slimy snake and sends you a letter demanding some outragous balance with no complete information as to whom they are collecting this money for. So you, as the "bad person who owes money" to this huge corporation has no way of figuring out what this demand of money is for. Good Luck...they will not provide that information, but they will sue you fasyer than you can blink an eye. Then they will try to make a deal with you outside the courtroom, then if you make a deal to send them money every month they will harrass you 2-3 times a month by phone and send you multiple letters. Meanwhile you are sending your payments to the office they told you to send them to. However the calls are coming from a completely different office who has no idea about the actual amount you should be paying each month. Then if you miss a month you will be harrassed like you have just murdered someone. But it doesn't end there. If you owe them about $500.00 after paying almost $4000.00, then lose the paperwork with all the necessary information after having a death of an immediate family member, then you move to another state, and you are in such grief from the loss of your loved one that it's the farthes thing from your mind, they WILL FIND YOU. And when they do, they will begin the process all over again and you will start at square one...you now owe them, once again $4500.00 + all the court fees, etc. etc. Then they file to garnish your wages. How this works is that I personally bring home about $600.00 ever two weeks(or $300.00 p/week). That's not a lot of money. That garnishment that was placed on me for 1-1/2 years cost my salary/take home pay from $600.00 bi-weekly to $300.00 bi-weekly. Now you tell me if that is fair!!!

    This was all after they had already received $4, 000.00 to begin with. I had only owed about $400.-- or $500.00. Basically, I paid them about $9, 000.00 + for what was originally about a $400.00 debt that was over 7 years old. But I was not psychologically in a situation to fight them because I was so emotionally distraught by the death of my dear mother.

    Asset Acceptance took me for a $9, 000.00+ ride. They still have not sent me a release which I did request months ago. I assume I will never see anything of the sort from them.

    But today I received yet another NEW letter from them. Now they say I owe another $500.00. No information as to who this person/companmy is that I owe this monry to. But I'm sure it is yet another very very old bill that was probably less than $100.00 and is more than 7 years old. I know that when I call for additional documentation I will never receive it. And I know that my credit bureau record will also show fraudulent information with regard to "activity" being within the past 2 years, which is also untrue. Any monies that I did I were very small, due to an illness, and had all be "written off" and the acount closed. That was back in 2000-2001, well it's 2011 so how in the heck do they get away with these lies.

    And to the Asset Acceptance people/employees I say how do you sleep at night when you know that the majority of people you are dealing with are people who have experienced a financial trauma in their lives, or illness which caused the inability to repay the monies. I do hope that you reap what you are sowing. It's call KARMA!!! There isn't a peson on this earth who is immune from some sort of financial problem in their lifetime. So remember that when you call and harrass people. You could be the recipient of your horrible hateful calls some day in the future.

    -1 Votes

Scam!

I just received a summons to appear for a suit being filed by Asset Acceptance LLC on a credit card account that is 9 years old, is for more than twice what they list the account balance at, and I am not certain this is even my account. I had to file for bankruptcy due to wife's breast cancer and had thought I had listed all accounts. I have received no proof that this was actually my account. If it was an account that I missed when I filed, I live in a state where the SOL is 5 years anyway. If this was first proven to actually be my debt, I would consider repayment since I have recovered financially, but to have the amount due listed at MORE THAN two (2) times what the account shows is ROBBERY!

AALLC is a debit scam!

Long story short, AALLC has sent me a few letters trying to collect on an old debt I had with Nexcard for...

I don't know how anyone in America couldn't trust their validity

Asset Acceptance LLC has contacted me regarding a debt from 1999 with B of A, whom I have not used in at...

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