reastman Posted April 16, 2007 Report Share Posted April 16, 2007 My other half all of a sudden got a call from Asset Acceptance LLC about a old credit card account that is more than 10 years old. I pulled the his credit report and it is no longer listed on their. What kind of letter should I be sending from the Good Credit is Sexy example letters? Michigan law states that 6 years is the limit that they could sue so they really have no rights what so ever to do anything correct?Thanks. Link to comment Share on other sites More sharing options...
MadinKS Posted April 16, 2007 Report Share Posted April 16, 2007 Not only is this time-barred from collection but for reporting. What is the date they are reporting and what info do you have from the OC? A$$et is known for buying time-barred debt and trying to collect from people unaware of the laws. They're probably the lowest scum of collection agencies!! Do you have any old CR's with the OC on it? If you can give us more specifics, we can give you a better game plan. Link to comment Share on other sites More sharing options...
reastman Posted April 16, 2007 Author Report Share Posted April 16, 2007 It never from his or my knowledge has been at a collection agency before. Could have been but he was never notified. I have always had everything in my name. The letter to attempt to collect does not state, any date on this. This was back when he was married over 14 years ago. Link to comment Share on other sites More sharing options...
reastman Posted April 16, 2007 Author Report Share Posted April 16, 2007 Oh, we dont' have a report with this CO on it. The last report was for the home purchase back in 2005 and it was not listed on it then. Link to comment Share on other sites More sharing options...
MadinKS Posted April 16, 2007 Report Share Posted April 16, 2007 I would start with disputing w/CRAs as "too old to report" or "no knowledge of account". At the same time send a DV letter to A$$et. Don't use the sample letters verbatim though. The CA's are not playing with those anymore. Use the sample as a guide and change it up to be in your own words. Send everything CMRRR so you have proof of delivery and keep good records If you follow the chart here it's very useful. http://www.creditinfocenter.com/rebuild/debt_validation_workflow.shtmlHave you read the stickeys and the primer on credit repair? If not go here and read, read, and more read. http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=263069If you still have questions (which, you will) let us know. Link to comment Share on other sites More sharing options...
momof5 Posted April 17, 2007 Report Share Posted April 17, 2007 Send them a FOAD letter telling them that this debt is out of statute, C&D all communications, threaten to sue them if they even attempt to reage or report this to the credit bureaus and go pound sand! Link to comment Share on other sites More sharing options...
IHateCAs Posted April 17, 2007 Report Share Posted April 17, 2007 I would start with a simple DV letter. I've come to like the one from Spears v Brennan.Also on November 12, Shepard sent Brennan a letter informing him that Spears “disputes your debt collection-related allegations, denies the same, and demands strict proof and verification thereof. This dispute, denial, and demand are made in accordance with federal law.” Link to comment Share on other sites More sharing options...
divemedic Posted April 17, 2007 Report Share Posted April 17, 2007 Why DV? If it is that old, and you can prove it, send them a FOAD letter. The only way I would even bother to DV is if I could not prove the DOFD. Link to comment Share on other sites More sharing options...
reastman Posted April 17, 2007 Author Report Share Posted April 17, 2007 OK, Looked at the abbrv. and do not see what FOAD means?Thanks for the help thus far. Link to comment Share on other sites More sharing options...
momof5 Posted April 17, 2007 Report Share Posted April 17, 2007 F* Off And Die. The debt is SO old that it is uncollectable and they are not allowed to put it on your credit report either. They 'could' attempt to sue, but you put the affirmative defense of "out of statute" and the judge throws the case out.99% of the time, on a debt this old, when you send the old FOAD telling them that the debt is out of statute AND unreportable to the CRAs and to C&D, they go away. Link to comment Share on other sites More sharing options...
IHateCAs Posted April 17, 2007 Report Share Posted April 17, 2007 Why DV? If it is that old, and you can prove it, send them a FOAD letter. The only way I would even bother to DV is if I could not prove the DOFD.No point in not preserving your rights.If you catch them with their hand in the cookie jar, you can force an end to the debt just being repackaged and dunned for again along with collection INQs being made on your report. Link to comment Share on other sites More sharing options...
cuthatcard Posted April 19, 2007 Report Share Posted April 19, 2007 What if the account w/Asset is out of the collecting SOL, but within the reporting SOL. Other words, 5 yrs to collect SOL and 7 yr. reporting SOL. DV, FOAD letter or let lay until reporting SOL runs? Link to comment Share on other sites More sharing options...
MadinKS Posted April 19, 2007 Report Share Posted April 19, 2007 You take a big risk when you deal w/ASSet. They are notorious for re-aging. Just do a search of the forum for ASSet and you will see some of the various low-life, scumbag, tactics they use. Just walk softly and carry a huge stick. Link to comment Share on other sites More sharing options...
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