“Don’t Let Asset Acceptance LLC Scam You Out of Your Money and Your Good Credit!”

My True Story, Complete with Credit Reports, Will Show You How to Fight Back and Clean Up Your Credit

If you’re getting letters and calls from Asset Acceptance LLC, brace yourself. You’re in for a tough ride. Unfortunately, Asset Acceptance LLC has a track record of using unfair methods and making “mistakes” that are more like scams!

My story begins with an unsettled auto loan debt. The debt was pretty old, and I’d thought that the creditor and I had come to an understanding about what I owed. However, it appeared that the creditor had sold my debt to Asset Acceptance LLC, without my consent or knowledge. Now Asset Acceptance LLC was sending me bills for over $15,000! That was definitely NOT the amount I remembered seeing on my last statement from the original creditor.

A bill collector from Asset Acceptance LLC called my home just about every day. Those phone conversations were far from pleasant. The bill collector had a lot of attitude and seemed completely unwilling to listen to my side of the story. I mailed a copy of my last loan statement from the original creditor to Asset Acceptance LLC, to prove that the amounts didn’t match. They never even acknowledged that they received my letter.

I was truly at a loss for what to do. I knew that the amount they were trying to collect from me was inaccurate, but I couldn’t seem to get them to back down. Whenever someone from Asset Acceptance LLC called, they tried to get me to agree to a payment plan. I was wary of doing this because it seemed like a slippery slope. I felt like if I paid anything at all, it would be like admitting that they were a reputable company worth doing business with, instead of the sloppy, unresponsive outfit that they really seemed to be.

As time passed and I still refused to pay, I started receiving notices from the credit bureaus. I saw that Asset Acceptance LLC had begun posting collection items to my credit history. I knew that was bad news! I quickly ordered copies of my credit report from all three credit bureaus. In every case, my score had plummeted over 100 points.

Because I was actively looking for a new job at the time, I worried that my bad credit was going to be a huge obstacle for me. I had heard that many employers are in the habit of checking potential employees’ credit reports as part of the interview process. I didn’t like what my credit report said about me. My low score, combined with the collection items, gave the impression that I was an irresponsible person who couldn’t be trusted in matters of finance or in legal or business agreements. Not exactly the sort of person that good businesses want to hire!

During this time, Asset Acceptance LLC was as dogged as ever in calling me and sending tons of threatening mail. Plus, they began adding interest and fees to my balance. I couldn’t believe they had such nerve!

When I looked up Asset Acceptance LLC on the internet, I discovered that they have a reputation for inaccurate debt reporting. Here’s a few of the problems that real people like me have had with Asset Acceptance LLC:

-Old debts. A number of consumers say that Asset Acceptance LLC tried to hold them responsible for very old debts that had clearly exceeded the statute of limitations in their state.

-”Missing” mail. A suspicious amount of mail sent to Asset Acceptance LLC seems to get lost along the way.

-Non-existent accounts. In one case, an individual reports that Asset Acceptance LLC tried to collect on a debt from a company he had never interacted with in his life! He contacted the company in question, and they confirmed that he had never had an account with them. Nonetheless, Asset Acceptance LLC persisted in harassing him about the debt.

-Fraud accounts. If you’ve ever had your identity stolen, you will know about fraud accounts. They are created when the thief opens a new credit card or other debt account in your name. Naturally you are not responsible for the thief’s debts! However, in at least one case someone was targeted by Asset Acceptance LLC for collection on a fraud account, even though the account had already been recognized as fraudulent by the original creditor.

-Unauthorized withdrawals. In one case, Asset Acceptance LLC convinced a consumer to begin making payments to them on a debt. The consumer agreed to an account withdrawal of $100 to start. The next month, Asset Acceptance LLC automatically withdrew a much larger sum without his specific consent.

If you’ve had any of the above problems, here’s how to deal with them:

-Old debts. If you get a notice of a debt collection from Asset Acceptance LLC, immediately check the laws in your state and determine if the statute of limitations has run out on your debt. Don’t pay a penny before you do this! Paying on an expired debt can restart the statute of limitations and make you responsible for the debt again. If Asset Acceptance LLC has reported an expired debt on your credit history, they are legally obligated to remove it.

-”Missing” mail. To combat this, be sure to send all correspondence via certified or registered mail, which requires Asset Acceptance LLC to sign for your letters and creates proof of receipt. This is especially important if you are sending any time-sensitive material.

-Non-existent accounts. Send a debt validation letter to Asset Acceptance LLC, and make them PROVE that you owe the debt in question. Remember, the burden of proof is on them. You don’t have to prove that you don’t owe; they have to prove that you do.

-Fraud accounts. File an Affidavit of Fraud with the original creditor. They will then send you paperwork confirming that the account was opened by a thief, and you can use that paperwork to get Asset Acceptance LLC off your back.

-Unauthorized withdrawals. Prevent the possibility of unauthorized withdrawals by never giving your bank account information to an Asset Acceptance LLC representative. If you do have this problem, contact your bank immediately, close the account in question, and open a new one.

After learning all this about Asset Acceptance LLC, I was more troubled than ever. I was not happy to be dealing with a company that had this sort of reputation! However, I also gained a little bit of hope from reading about how other people had resolved their troubles with the debt collection agency.

I didn’t feel like I had the expertise needed to handle the situation on my own, so I decided to hire a professional to exercise my legal rights for me. After a little more research, I chose Lexington Law.

Lexington Law’s reputation is the COMPLETE opposite of Asset Acceptance LLC. I read nothing but good things about Lexington Law on the internet. I learned that they have a staff of 24 attorneys, plus 200+ paralegals and agents, all of whom are well versed in credit law. In 2010, Lexington Law removed over one million collection items for their clients! With a success rate like that, I was sure Lexington Law could help me too.

I called Lexington Law for a free consultation, and was even more encouraged by the friendly expertise of the phone representative. I decided to hire them right away.

Within just a few weeks, I received proof from all three credit bureaus that Lexington Law had gotten my Asset Acceptance LLC collection items removed! What a HUGE relief! Plus, Lexington Law had also removed a few other black marks from my credit report and set my credit score on the fast track to recovery.

Now, my credit score is in the 700s! I feel like I’ve gotten a second chance, and I’m so glad that Asset Acceptance LLC didn’t manage to spoil my credit forever with their questionable practices. I’m very grateful to Lexington Law for helping everyday people like me stand up against unfair and inaccurate debt collection practices.

If Asset Acceptance LLC is hassling you over a questionable debt, call Lexington Law now! The sooner you act the better, because some aspects of the debt dispute process are time sensitive and you have a limited window to initiate certain processes. Lexington Law has a no-risk refund policy, so there’s no reason to delay! Act now to clean up your credit and get back your peace of mind.