I have a Chase account that was 'sold' to First Select and then to Asset Acceptance. These Asset Acceptance people don't sound popular around here. How long can I expect they will hold my account before they pass it on or take other collection means? They have had it for a 10 months but report that it has a last activity date of 5/00 on it - can they do that? Does anyone have any experience with them - what happened?
I had two accounts that were sold to Accept Acceptance. They were horribly persistent (but seemed to operate within the boundaries of the law) and I ended up just paying them to get them off my back. I was able to reach a settlement of 40% of what I owed. I paid what I owed in two installments, and they considered it "done". Sorry I couldn't give you more info!
Did you request that they delete from your CR's? If you did, did they delete? I currently have two accounts with them and they have not been able to validate either. They deleted from EQ, on EX they are reporting "NO STATUS".
I am a little afraid to validate. I have not done anything recently. I called to settle several months ago but they wanted a ridiculous amount. Should I validate? They rarely call or write but sometimes do both. ideas? validate or dispute with CRA? or both? thanks.
I requested that they delete and they did from all but Equifax. I actually called Asset BACK after all that and asked for statements/letters from them saying they should be deleted. They sent them to me and I fired them off to Equifax certified mail, RRR.
I've found that the more time passes, the lower they'll go on a settlement amount. Is time of the essence for you? If not, I'd try and wait it out and see if you can get the settlement to go down. W/ one creditor, they called and I told them I was filing for bankruptcy (lie) and that something was better than the zero they'd get when I included them in my bankruptcy, and they settled for a tiny amount.
Time is not an issue - as long as I am not getting sued. I just got approved for a new CC so I guess it is not killing me. Not that it is a great card but decent considering I have a PG 655 with about 5 negatives
