These Asset Acceptance clowns scare me. I have an 'alleged' debt that was charged off by Chase and sold to First Select before the Asset Acceptance group got it. An original debt of about 3K is now about 10k several years later. I am still one year away from being out of the SOL. All they do is send a letter every so often. Should I just try to wait out the SOL or should I make a move? I requested validation and got a computer printout a couple years back but did not go any further since they seemed relatively uninterested.
i - thank god - have ever dealt with them, so i am bumping back to top so hopefully someone can help you. have you searched the forum for asset?
I got served from them a few months prior to end of SOL. If they sent that generic computer printout then they think that is validation. They are so ignorant they may not know the difference. The one time I called and tried to get information from them, the FIRST WORDS out of the reps mouth were.. "Maam', I need your complete social security number to help you." There is no way in HELL I was going to give that to her, much less when I had the Asset Account # they had assigned me. You need to deal with them in writing. You will get nowhere over the phone. I have never known them to have all the info they need to validate, but if you don't want to risk being sued, which for that amount, I am surprised they haven't already, then let it lie. Have you tried disputing as "not mine"?
I have not disputed but I did request validation. They sent me the famous printout. I did not go on from there as they are somewhat leaving me alone. They have had it for 3 years and have not sued but I figured they were waiting for the last minute so the interest could really rack up just prior to the SOL. Did they sue you JUST prior to SOL? Why do you think they haven't sued me yet?
Asset is known for waiting until right before the SOL is up or you're going for a mortgage to rear their ugly heads. Keep a track of them and their violations for when they strike.
