Tag Archives: asset acceptance

FTC and DOJ Announce Asset Acceptance Settlement Which They Want to Be Framework for Debt Collection Industry

David Vladeck director of the FTC’s Bureau of Consumer Protection and DOJ Assistant Attorney Tony West today conducted a conference call I attended to provide additional information regarding an announced settlement with collection company Asset Acceptance. In the settlement Asset Acceptance agreed to pay the second largest fine ever against a collection company for alleged [...]

American Express Credit Report Issue by Asset Acceptance. – Bibi

“Dear Steve, Hi Steve! So, I ran my report and saw Asset Acceptance is reporting 3 account balances. I believe they are old Amex accounts that went unpaid. I also believe these accounts are about 7-8 years old. Is there a way I can find out when was the last time these accounts had any [...]

Former Asset Acceptance Employee Alleges FDCPA Abuses

I worked for asset acceptance a debt collection company that purchases debt they have 5 US locations and a huge call center in India. Since the company has good old Rion Needs from Amex all of the US jobs have threatened, basically forcing reps into breaking FDCPA rules to collect more money. What happens is [...]

Asset Acceptance Called Me on an Old Bank of America Debt. – Terri

“Dear Steve, Asset Acceptance LLC called me recently and said they were collecting on an old Bank of America debt. They told me it was from a period of time when I lived in California (1993-1994). I told them I did not believe I owed this debt and to please send me a statement or [...]