My step-father bought a TV about 10 years ago and now he is receiving a letter from Asset Acceptance Corp. in Brandon, FL. this TV was small and can take batteries. Can they still try and collect on this since it is so old? If this is bad on his credit why has he been financed for 3 brand new vehicles? What can be done in this situation? Please Help they are threatening to take 2k from his tax return....Please help...
Ximenezed, Asset Acceptance still collect my old dept.storecharge-off accounts about 11 yrs ago. They still can collect old debt and there is no time limit. They cannot report your old debt over 7 yrs ti any credit bureau. If the account is not on your credit report,ugnore them. Don't settle with them. If you settle with them, they report you charge-off paid as agree and it's going to hurt credit rating.Charge-off accout pay as agree will take another 7yrs come off from the report. In this case no paying better than paying. Ron.
Ron, So he shouldn't do anything but they are threatening to take it from his income tax can they do that? DX
If they "WON" in court (a judgement), they could take the money from a refund or bank account or property (house)... If they NEVER went to court, and NEVER "WON" a judgement...it's all "TALK"...
Does that mean that he had to go to court because he has not heard a peep from these people for like 10yrs and now they are calling him what does he need to do to find out if a judgement was made "WON" on him. DX
they cannot take his income tax..... the federal gov't doesn't garnish except for federal obligations. He needs to check with the courthouse, ask the clerk if he has a judgement or lien against him, she/he will ask him some questions and give him a cause or case number of the court file. He can go to the court and get a copy of the file. (might have to pay a few bucks). It is better to do this in person, IMHO, just to make sure you get everything you need and if you have any questions, clerks can be very helpful.
If you (he) was NOT notified of any court proceedings, they CAN'T get a judgement. In regards to the tax refund...once it is in a checking account or savings account, it is "fair game"...(but only if they have a "LEGAL" court order)...
so what does he need to do what does he send them to keep this from affecting his income tax Thanks for the help I am a beginner 1/21/02--544 experian 1/24/02---546 experian 1 negative removed... I just started on my report on 1/21/02 ...DX...
ximenezed, He can't deduct from your paycheck or income tax without court order. If it is too small amount, the collection agency wiil not bring to the court. If the court cost them cost more than the amount that he owe, they don't want to bring the case to the court. Ron.
