Asset Acceptance

1st send a Debt Validation letter CCMR to them. You can get samples here on this site..
2nd. Check you states Statute of Limitations on debts.It probably is SOL if it is from 1991..
Post more info and and you should get info here.
Also Asset Acceptance Corp. is becoming difficult to deal with. I,m dealing with them myself on one I never even had..

 

When did you first get the 1st Visa before you left.?....
Did you close it out or stop paying.?.
What i have found out is that if you leave the country or state it can freeze the SOL time. .. Meaning; Say if you stopped paying on the card in 1990 and left in 1991. The SOL could stop then start back up when you return.. You will have to look at the dates of the alledged debt to determine this..
Check that out first.

 

Sorry about putting CCMR. I meant to Put CMRR. Certifed Mail return reciept. You want to keep track of mailing dates and signatures to show they recieved your mail and when.. Keep all correspondance,slips Etc..

 

They must deal with old debts that are suspect as a matter of policy. I just dealt with them. They dropped the matter after not being able to respond appropriately to validation letters.

 

Will2will- I've written asset so many times starting in May 2005 for a bill (pacific bell bill) I've never had (I've written 6 letters spaced 2 months apart). I've done the Nutcase series with still no responses. I've written BBB and AG and they have been no help. These people sign for my CMRR letters but still don't respond to them. I don't have the energy to sue, I've threatened the 3 bureas they deleted and then turned back around and placed the negative right back on the reports. I've spelled out all violations to them and threatened to sue and still nothing. Any suggestions?? Anyone?

 

If you won't sue, you might as well have no rights. There are companies that depend on this.

Talk to an attorney. That is how they earn their living.

 

I guess your right, I might have to think about suing them or at least talk to an attorney.

 

In a world where there is a cost to errors, such as companies dealing with their current customers where mistakes result in lost future business, simple mistakes tend to get fixed.

In a world where no cost to errors is perceived, such as with companies who have bought "debt" for pennies on the dollar, and have no interest in future good will from "debtors" who are not their customers, there is no incentive to fix mistakes, other than legal requirements and repercussions from ignoring them. Regulatory actions take years.

In fact, not fixing mistakes is more profitable, as consumers with good credit are more likely to pay than the original debtor. They have more to lose, and the money to pay. All that matters to minimizing legal risk is that there be enough plausible deniability to cut serious exposure in most cases.

The costs of legal representation to the consumer, and the limited statutory penalties assessed for any errors, leave the wronged consumer with the choices of paying debts they don't owe, living with credit damage for debts they don't owe, or litigating claims for amounts that will likely not even compensate them for the hassle.

What consumers fail to recognize is that the real monetary costs of erroneous debt collection and reporting are cumulative, showing up in a multitude of interest and insurance rate increases, and lost opportunity costs. Just as profits compound, so do losses. Even break-even litigation may pay in the long run.