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Are they allowed to do this?


Are they allowed to do this?

Asset Acceptance is collecting on a debt sold to them by First Premier.

I requested debt validation and they sent me a screen print which showed the dollar amount and the original creditor.

The dollar amount on the document is $695.77.

I have pulled 3 EQ credit reports and the dollar amount reported each time is different:

1/30/14 $747

3/09/14 $752

3/27/14 $753

Are they allowed to change the dollar amount like this?

I don't understand; please help.



Message 1 of 5

Re: Are they allowed to do this?

Yes, the dolalr amount on the screen shot is the original amount owed. The amoutn shown on your credit reports is likely the amount after fees etc.

*USAA WORLD MC 18k* *USAA VISA 12k* *AMEX BCE 10k* *DISCOVER IT 15k* *AMEX ZYNC* *B of A SIGNATURE CASH 15k* *NAVY FEDERAL PLATINUM 20k* *CITI DOUBLE CASH 15k* *Veridian CU 14k* *Barclays Apple 12.5k*

Message 2 of 5
Frequent Contributor

Re: Are they allowed to do this?

No they aren't. Do you know the dofd on the accounts? Do you think they're reaged? I definitely wouldn't think that a screen shot of a computer is accurate verification.
Message 3 of 5
Moderator Emeritus

Re: Are they allowed to do this?

Seems like they are adding interest, but not a ton of it.  I don't see anything wrong with it.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 5

Re: Are they allowed to do this?

The account was first reported on Oct. 2012.

Date of last activity is May 2010.

The amount had been changed 3 times in the last 3 months.

It's just odd.

Message 5 of 5