Sued By Asset Acceptance LLC? We Can Help
If you’re receiving calls or being sued by Asset Acceptance LLC, we’re here to help. For general information purposes, in this article, you’ll learn the best methods of dealing with Asset Acceptance LLC and similar debt collectors.
Contact Ziegler Diamond Law today for a free consultation with a Florida Debt Attorney about your case.
What is Asset Acceptance LLC?
Asset Acceptance, LLC is a subsidiary of Asset Acceptance Capital Corp. It is a debt collection company (debt buyer of charged-off consumer debt) headquartered in Troy, MI, conducting business (typically via phone call) in all 50 states.
The vast majority of its debt collection activities involve the following types of defaulted accounts:
- Credit card debts
- Debts from telecommunications and utilities providers
- Consumer loans
- Debt owed to health clubs
- Defaulted mortgages, second mortgages, and home equity loans
- Student loan debts
Is Asset Acceptance LLC Legitimate?
Yes. The legal status of Asset Acceptance LLC is confirmed. It can be challenging to find information about them online, including their website, valid phone number, location, etc.
However, you can be assured they are a real company.
What is Asset Acceptance LLC Phone Number?
Suppose you receive a call from Asset Acceptance LLC. In that case, you may find that calling them back or making an attempt to look up the phone number yields “invalid number” results, or when you call back, there is no answer. Since they are debt collectors (i.e., not the original creditor), they conceal as much information as possible about their activities.
According to our research, the most updated contact information for Asset Acceptance, LLC includes:
- Toll-Free Number: 1-800-545-9931
- Headquarter Number: 1-800-505-5166
- Email Address: Customerservice@assetacceptance.com
- Listed Site: AssetAcceptance.com (currently down)
How to Stop Asset Acceptance Calls?
According to the Federal Trade Commission (FTC), there are limitations to what a debt collector like Asset Acceptance LLC can and cannot do when attempting to collect consumer debts.
Under the Fair Debt Collection Practices Act (FDCPA), a debt collector is prohibited from the following activities when attempting to collect money from consumers:
- Calling debtors at unusual times or places
- Making threats of physical harm
- Making back-to-back calls repeatedly in attempts to harass debtors
- Using obscene language during calls
There are many ways to stop calls from Asset Acceptance LLC. Learn how in the sections below. If Asset Acceptance LLC has infringed upon your consumer rights, we can help. Contact us today to speak with an attorney you can trust.
1. Negotiate With Debt Collectors At Asset Acceptance LLC
In many cases, a proposed settlement offer for the purchased debt shouldn’t be taken at face value. One method of avoiding or erasing negative information on your credit report (before a lawsuit filed by Asset Acceptance) is to negotiate a payment plan with the company. However, this is not always the best credit repair or debt repayment route.
If you’re unsure if negotiation with Asset Acceptance LLC is the best option, it’s in your best interest to consult with an attorney who can provide legal advice regarding your circumstances. Contact us today for a free consultation.
2. Send A Debt Verification Letter
Suppose Asset Acceptance LLC contacts you. In that case, you have a right to ensure they are attempting to collect the debt based on legitimate data. If they can’t provide you with the appropriate paperwork within 30 days of you contacting them, then the company must contact the three major credit reporting agencies and request the debt be removed from your credit report.
3. Send a Cease and Desist Letter To Asset Acceptance LLC
Asset Acceptance LLC is governed by the FDCPA and the Fair Credit Reporting Act (FCRA). That means they must abide by the rules, restrictions, and laws when reporting to credit bureaus and engaging in debt collection activities.
With that in mind, one of the most effective ways to ensure stopped calls is to send Asset Acceptance LLC a cease and desist letter requesting them to stop contacting you. While there are many benefits to sending this letter, there are also a few drawbacks. Generally, we recommend consulting with an attorney before proceeding.
4. File For Bankruptcy
Another effective method of stopping calls and potentially avoiding a lawsuit is to file Chapter 7, Chapter 11, or Chapter 13 bankruptcy. Once you file for bankruptcy, your creditors (including Asset Acceptance LLC) are legally required to stop all debt collection activities (i.e., automatic stay).
That’s true even if they feel they have reasonable cause to contact you. If they violate this order, you may be eligible to file a lawsuit and receive compensation.
5. Work With An Attorney
If you’re tired of Asset Acceptance, LLC making calls threatening to garnish your wages or bank account, file a lawsuit (i.e., become judgment creditors), or report negative information on your credit report, then working with an attorney is advisable.
Dealing with Asset Acceptance LLC can be an uphill fight when you’re on your own. An attorney can help deter lawsuits and calls in the following ways but are not limited to:
- Draft and send a cease and desist letter to Asset Acceptance LLC
- Negotiate a fair debt settlement
- Stand up for your rights and seek compensation from companies who don’t follow fair debt collection practices
- Represent you in court (in case of a lawsuit) and reduce the chances of a default judgment
- Help you file for bankruptcy
How To Beat An Asset Acceptance LLC Lawsuit
Based on prior results obtained in litigation, there are proven methods to beat an Asset Acceptance LLC lawsuit. They include, but are not limited to:
- Responding to the Asset Acceptance LLC lawsuit
- Making the company prove you owe the debt
- Ensuring the lawsuit was filed within the statute of limitations
- Filing a Counter Claim
Learn how the debt attorneys at Ziegler Diamond Law can help you with our debt services in the section below.
Contact Ziegler Diamond Law Firm Today
Many consumers have successfully sued Asset Acceptance LLC because the company:
- Failed to notify consumers when it provided damaging information to credit reporting agencies
- Neglected to reasonably handle consumer disputes
- Used third parties to harass debtors
- Neglected to inform consumers about the extension of the statute of limitations when they make a partial payment
You’re not alone when dealing with Asset Acceptance LLC. At Ziegler Diamond Law, we value the attorney-client relationship we’ve built with countless consumers facing judgment, harassing calls, or other debt collection activities.
Our attorneys are here to help. Contact us today for your free consultation with a debt attorney you can trust.
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