punkyb Posted July 23, 2004 Report Share Posted July 23, 2004 I got a call at work from a very nast collections person from assest Acceptance. It seems there was a target card from way back when that was opened and now there is a bill for over 800.00. She said that they were sending me to legal and they knew where I worked (Never actually SAID they were going to sue me or get a judgement of whatever) well, it scared me and I came up with a payment plan to pay the debt. She said that when it is paid I will get a paid in full letter. She also said that while paying it it doesn't show up on my CR as a CA, just that I am paying on the account. She made it sound as though this was a positive thing. Did I just get suckered? The account went bad in 1999 so five years ago so I had awhile before it would drop off my report and I was afraid of a judgement and garnishment.Help! Link to comment Share on other sites More sharing options...
DocDon Posted July 23, 2004 Report Share Posted July 23, 2004 Asset buys bad debts. For them to say it'll will report like you're paying on the Target account is waaaay off.What state do you live in? May be able to nail them for trying to collect on a time-barred debt. Link to comment Share on other sites More sharing options...
retmar Posted July 23, 2004 Report Share Posted July 23, 2004 More A$$et BS! Go get 'em, Doc! Link to comment Share on other sites More sharing options...
DocDon Posted July 23, 2004 Report Share Posted July 23, 2004 Eh, their stock is at $16.50. Think I'll buy me some and play 'tapeworm' - get 'em from the inside. Link to comment Share on other sites More sharing options...
punkyb Posted July 23, 2004 Author Report Share Posted July 23, 2004 First, Thanks foryour response. I live in WI.I gave them my checking account number so I think I am screwed at this time. for some reason I think even if I tell them not to debit the account they will. Link to comment Share on other sites More sharing options...
DocPC Posted July 23, 2004 Report Share Posted July 23, 2004 Close the account right away and open another. Link to comment Share on other sites More sharing options...
katwoman Posted July 23, 2004 Report Share Posted July 23, 2004 Close the account, move all your banking to another, completely different bank; tell them they threatened you, inform them that they are never to call you at work. Send them a SOL letter with a C&D. In the letter, remind them that SOL is a affirmative and absolute defense.That's why you never talk to a CA. Link to comment Share on other sites More sharing options...
retmar Posted July 24, 2004 Report Share Posted July 24, 2004 Eh, their stock is at $16.50. Think I'll buy me some and play 'tapeworm' - get 'em from the inside. Doc, I could not stop myself from roaring out loud. That is the best idea I have heard all year! Love it! Link to comment Share on other sites More sharing options...
punkyb Posted July 28, 2004 Author Report Share Posted July 28, 2004 What's an SOL letter? Link to comment Share on other sites More sharing options...
tropicaljo Posted August 1, 2004 Report Share Posted August 1, 2004 SOL = Statute of Limitations...if the debt is beyond the SOL for collections on that type of debt, they CANNOT sue you for the debt. Nor can they threaten to sue you. However, it looks like the SOL in WI is 6 years.Now, my friend, alot of folks here have had troubles with Asset Acceptance, including myself. They are very difficult to deal with and not above violating the Fair Debt Collections Practices Act (FDCPA). You need to immediately do as DocPC and katwoman have advised as for as your bank account goes. You are absolutely correct in that they will debit your account despite your asking them to not do so. Also, I'd be willing to bet that she lied to you about how the account will be reported. If it were me, I'd send them a DV right away and dispute the debt as "NOT MINE" In your letter tell them that the collection agent bullied you into agreeing to a payment plan on a debt that you are not sure is yours. And since I haven't seen anyone tell you yet, do not talk to them any more on the phone. In your DV letter, tell them that they are not to call you again at home or work, but only communicate by written correspondance. Link to comment Share on other sites More sharing options...
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