Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

Maybe BOA will accept a payment now since they won't.

Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

I am hoping they return the debt back to Bank of America. If this happens, do they have to delete their tradeline?


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Regular Contributor
Posts: 170
Registered: ‎12-02-2012
0

Re: Asset Acceptance won't accept payment!

If they said they are going to cease collection, that may mean hey will delete. Give it a few days then maybe dispute CRA or have them send letter stating they are no longer collecting on debt and send that letter to CRA's? 



Eq 675
TU 681
Ex your guess is as goodas mine!

Nfcu Cash Rewards 15000, Nfcu nRewards Mc 15000, Walmart 600, Target 400, VS 650,Capital one 3750, Us Bank 300, Discover 4500,Citi DP 1500, Chase Freedom 2000. And I'm done...... no more cards just going to tend my garden
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

[ Edited ]

Done! I have disputed all bureaus and filed complaints with BBB and Michigan Attorney General for violation of FCRA for reporting a debt and not accepting payment. I told them to delete all tradelines and return debt to the original creditor!

 

Keep in mind I did this before with a DV so I have the documentation to prove to them they are reporting the debt. This will blow up in their face now since they wont accept payment! We will see


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

[ Edited ]

Spoke with the supervisor again, they can no longer collect on the debt according North Carolina Statute of limitations nor can they accept payment on the debt? The tradelines will be deleted. So basically now I am stuck with Bank of America reporting a chargeoff debt that was sold to Asset Acceptance. What do I do here with OC since I cant make a payment? Can they buy it back??

 

Also, if they can no longer collect or report... Then why do I have medical debt that is 6 years old still being collected and reported! Shouldn't they have to remove as well???? According to the Statute? I dont understand their response to this collection. So now I have the BBB involved to help


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Valued Contributor
Posts: 1,063
Registered: ‎05-26-2010
0

Re: Asset Acceptance won't accept payment!

I would ask for something in writing from AA stating they cannot accept payment, are deleting reporting and will not resell the debt.

 

BOA must report a zero balance and a status date no later than the date of sale to AA.  You'll have a CO that will impact your score but it will slowly age off.

 

Since BOA sold the debt they cannot "take it back".  I would send a letter, CMRRR to their CEO asking that since they sold this to a buyer who refuse to take payment they delete their reporting as a GW.

 

If BOA won't delete make complaints to the Comptroller of Currency and CFPB.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

Thats the advice I was looking for! Thanks Chasmith. Thanks for looking out for me


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

If my GW doesn't work what would my complaints be to to the Comptroller of Currency and CFPB?


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Frequent Contributor
Posts: 278
Registered: ‎12-10-2012
0

Re: Asset Acceptance won't accept payment!

Asset Acceptance Deleted all tradelines! In response to BBB they stated that they closed the above mentioned account pursuant to North Carolina Law!

 

Now all I have is the OC which Bank of America... This will be difficult.

 

Thanks everyone


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Epic Contributor
Posts: 22,398
Registered: ‎01-17-2008
0

Re: Asset Acceptance won't accept payment!

Just curious where MI came into play.  Is it because the CA is based there?

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.