Does anybody know anything about Associated Creditors Exchange, Inc. (ACE)? They are a collection agency that has recently contacted me, and I want to know if they are licensed to collect in my state (Texas), other names they use, or any info at all. I searched the web and was unable to come up with anything on them other than their countles job posting in Phoenix. Any help or information anyone can give me will be greatly appreciated.
Ahh the power of the Internet... I list the sites where I got this information from. Good Luck. Associated Creditors Exchange, Inc. Phoenix (Maricopa), AZ Associated Creditors Exchange, Inc. 3443 N. Central Ave., #1100, ZIP: 85012-2106 Mailing Address: Box 33130, ZIP: 85067-3130 Phone: (602) 954-6554 Fax: (602) 241-0916 Mr. Michael Higgins, Treasurer Asset Buyers Program Member Healthcare Services Program Member www.collector.com Associated Creditors Exchange, Inc. P.O. Box 33130 3443 North Central Avenue #1100 Phoenix, AZ 85067 United States Tel: 1-602-954-6554 Fax: 1-602-241-0916 www.collectionindustry.com Associated Creditors Exchange, Inc. 425 S Cherry St #710 Denver, CO 80222 Principal : Richard Duke Manager Phone Number: (303) 320-1980 Type-of-Business Classification: COLLECTIONS AGENCIES/SERVICES www.bbb.com Agency Details Associated Creditors Exchange 3550 N. Central Ave Phoenix, Arizona 85067 Bud Says... NOT to be trusted!NEVER give them any information on your bank/credit accounts, or post-dated checks. YOU WILL REGRET IT!! www.budhibbs.com STATE: TEXAS â? INTEREST RATE* Legal: 6% with agreement can charge up to 18%. w/o agreement - statutory interest of 6% begins to run 30th day after becoming due Judgment: 10% STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 4 Written Contract: 4 Domestic Judgment: 10 (Renewable) Foreign Judgment: 10 (Renewable) BAD CHECK LAWS (CIVIL PENALTY) N/A GENERAL GARNISHMENT EXEMPTIONS 100% of Wages COLLECTION AGENCY BOND & LICENSE Bond: Yes License: No Fee: No Always consult counsel to charge interest - Texas has very onerous usury laws & penalties. www.edebtnetwork.com Collection Agency Licensing Requirements: A third-party debt collector or credit bureau may not engage in debt collection activities in the State of Texas unless it has obtained a qualified surety bond in the sum of $10,000 and file the same with the Secretary of State. (Fin. C. 392.101.) A "third-party debt collector" includes a debt collector as defined under 15 U.S.C. Section 1692a(6), as well as an attorney collecting a debt as an attorney on behalf of and in the name of a client if the attorney has nonattorney employees who are regularly engaged to solicit debts for collection; or regularly make contact with debtors for the purpose of collection or adjustment of debts. (Fin. C. 392.001(7).) Fair Debt Collection Practices: Finance Code Section 392.001 et seq. of the Texas Statutes governs debt collection practices in the State of Texas. These provisions generally mirror those prescribed under the Federal Fair Debt Collection Practices Act under 15 U.S.C. §§ 1692-1692(o). Specifically, the statutes require debt collectors to provide written response to disputes by consumers within 30 days of receipt of written notice, and make corrections to inaccuracies within 5 business days, prohibits conducts which constitute threats or coercion, harassment, unfair or unconscionable means, fraudulent, deceptive or misleading representations, deceptive use of credit bureau name, and use of independent collectors. www.lawdog.com Frequently Asked Questions for Form Series 2900 - Debt Collector Bonds 1. Are debt collectors required to register with the Secretary of State? Currently, there is no registration required with this Office for debt collectors. However, Section 392.101 of the Texas Finance Code requires a third party debt collector to file a $10,000.00 surety bond with the secretary of state. That bond is filed with the Legal Support Unit. 2. Is there a filing fee for the bond? At the present time, there is no filing fee required. www.txsos-7.sos.state.tx.us What you want to see from the CA: THIRD-PARTY DEBT COLLECTOR BOND BOND NUMBER: _____ KNOW ALL PERSONS BY THESE PRESENTS: That, we ________________________________________________________________________________, as Principal, whose address is _______________________________________________________________ ______________________________ and ________________________________________________________, as Surety, and being a surety company authorized to do business in the State of Texas, are held and firmly bound unto the State of Texas, in the sum of TEN THOUSAND DOLLARS ($10,000), payable to the State for the use and benefit of the State or any injured party, lawful money of the United States of America, the payment of which well and truly to be made, we and each of us, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly, and severally, firmly by these presents. THE CONDITIONS OF THE ABOVE OBLIGATIONS ARE SUCH THAT: Whereas, the above named Principal is engaged in the business of a third-party debt collector in accordance with the provisions of Texas Finance Code, §392.001 et seq.; NOW, THEREFORE, if the Principal shall conduct the business of said Principal in accordance with the provisions of § 392.001, Texas Finance Code, and if said Principal in the course and scope of the business of said Principal shall not damage any person by any violation of the act, then this obligation shall be void, otherwise to remain in full force and effect. THIS BOND IS SUBJECT TO THE FOLLOWING CONDITIONS: 1. This bond shall also be construed to be in favor of any person damaged by any violation of § 392.001, Texas Finance Code. 2. That an individual injured by a violation of this act may bring an action against principal and surety on this bond. 3. That the aggregate liability of the surety to all persons damaged by principal's violation of this act may not exceed the amount of the bond. 4. The bond shall not be subject to cancellation by either the principal or the surety unless written notice of intent to cancel is forwarded by the surety and/or principal to the Secretary of State, Statutory Documents Section, at least ninety (90) days prior to the effective date of the cancellation. If the cancellation is at the request of the surety, the surety shall also provide the principal with written notification at least ninety (90) days prior to the effective date of cancellation.IN WITNESS WHEREOF, said PRINCIPAL and SURETY have executed this bond, this ______________ day of ________________________, ___________. SURETY BY: ________________________________________ (Signature) ______________________________________________ (Printed or Typed Name) Title: ______________________________________________ Address: _____________________________________________ ______________________________________________ PRINCIPAL: _________________________________________ (Signature) ________________________________________ (Printed Name & Title) File completed bond form with: SECRETARY OF STATE STATUTORY DOCUMENTS SECTION P O BOX 12887 AUSTIN TX 78711-2887 Debt Collection Law State of Texas http://www.capitol.state.tx.us/statutes/fi/fi0039200.html#top
In the world of debt collection, the hokey pokey is probably what it is all about!! Those address are all correct, but I didn't know about the Budd Hibbs note. Wow - I know they had problems when they serviced Providian (not any longer). Right now they service medical, Chase Manhattan CC, Chase mortgage, Sprint PCS, Fleet, Household and USBank.
Bud Says... NOT to be trusted!NEVER give them any information on your bank/credit accounts, or post-dated checks. YOU WILL REGRET IT!! www.budhibbs.com I think that's his generic, say all response about all CAs. He's one bitter man. It's a jungle out there kiddies Have a very fruitful day
