Class Action Lawsuit: Asset Acceptance Scam

Asset Acceptance Scam

This JDB is the trickiest scam debt collector. Asset Acceptance is very well known on most consumer forums about collection debt. They are NOTORIUS for buying very old portfolios of consumer debt. They raise the alleged balances due and send out dunning notices consistently. It is a fear factor with this junk debt collector.

A standard procedure for this collection agency is changing the date of last activity on your credit report. Also, they claim to have received a payment from you which you never sent to them. They swear up and down and drive you crazy when in actuality you NEVER sent any money. One of many other tactics is that Asset Acceptance creates and files phony documents. Beware of any mail you receive from collection agencies especially this debt collector. All JDB collection agencies are a scam!

Below is a great report of how a consumer fought back and WON! August 2008 I have had the experience to deal with this company twice. I have beaten this company twice. Both times they contacted me, I challenged them. I told them I want proof that I owed them anything. Neither time could they do so. However, they continued to report and update the amounts on my credit reports. I took my complaints to the BBB and the Michigan Attorney General. Each time Asset denied any wrong doing, even though I had them on many many many violations of state and federal laws, but each time, they deleted their poison from my reports. They will lie and break the law, but if you stand your ground, they can be made to leave your life.