Hi,
I was just reading some of the posts regarding this company and I have one too which appears to be a little different from what I've read so far. I was recently contacted by Asset Acceptance about a debt (get ready for this) that is 17 years old. They claimed that I had a New York and Co. Credit Card in March of 1990 and that I owed $202 at the time the account was closed. I had a Lerner's Credit Card, but apparently they were purchased by the former. Now, I did look into the statute of limitations for GA but, I was in New Jersey at that time and Asset is located in Texas. I'm not sure which state's SOL to look at.
Either way, I can't remember if I paid that or not and I don't have bank records that go back that far. Even banks are only required to keep information back as far as seven years. I'm pretty sure I paid it though, because I when I moved to GA in 1997, I made sure that all of my old debt was paid off. Whatever was on my credit report was taken care of. The only way this thing could have gone on for so long is if it weren't there, and it's still not, presumably because it's too old. Although I will say this, it doesn't show up on any of my credit reports when I went to refinance my home with Suntrust, they knew about it. I don't know how that could be.
Either way, I'm upset at the fact they are attempting to collect a debt so old and are now calling my house regularly. Mind you, my phone number hasn't changed since I've been in Georgia. They are trying to take advantage of me, and I'm not sure what to do about it. I finally got a letter from them and will send them a letter asking them to validate the debt, but the original card issuer doesn't have any record of how my account got to them. They show my account having a zero balance. What should I do? Or better yet, what is the proper agency for me to contact?
