ASSET ACCEPTANCE Collection

[JasonL]

We have a COLLECTION account with Asset Accptance that was from a Target credit card. We want negotiated a settlement amount that was about half of what we owed and are happy with that.

My question is can I assume that Asset Accpetance actually owns the debt? They show up on the credit agencies as owning the debt. 

A few years ago we had a collector trying to collect on an old debt and it turns out that they did not even own it.

Thanks in advance

[guiness56]

Is Target reporting also?  If they are does it say the debt was sold/transferred and reporting a 0 balance?

[JasonL]

Target is no longer reporting on this account.

AAC

Status as of Jan, 2013
Date opened Dec, 2009
Date of last activity Aug, 2007
Largest past balance $396
Account Type Open Account
Account holder Individual
Industry Factoring Companies
Descriptions
Collection account

[guiness56]

You can always call Target and find out if the debt was sold or assigned.