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Asset Acceptance

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Established Member

Asset Acceptance

Question for those who have dealt with this company. I filed a complaint to the BBB regarding them reporting as a factoring company and reporting 120 day lates on my husband's credit report. They have replied back twice stating they are reporting correctly. Does anyone have any advise on what I should do at this point? This was for a CC that was charged off by First Premier. We settled with asset.

Message 1 of 17
16 REPLIES
Moderator Emeritus

Re: Asset Acceptance

File FTC and State AG.

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Message 2 of 17
New Member

Re: Asset Acceptance

What does this entail are they wrong for noting the account as 120 days past due and as a factoring account?


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Message 3 of 17
Contributor

Re: Asset Acceptance

What they mean by factoring company
Message 4 of 17
Contributor

Re: Asset Acceptance

If a debt buyer buys a charge off can the report a delinquency for a date it was in there posession
Message 5 of 17
Senior Contributor

Re: Asset Acceptance


lee09 wrote:

Question for those who have dealt with this company. I filed a complaint to the BBB regarding them reporting as a factoring company and reporting 120 day lates on my husband's credit report. They have replied back twice stating they are reporting correctly. Does anyone have any advise on what I should do at this point? This was for a CC that was charged off by First Premier. We settled with asset.


Unfortunately, there is nothing illegal by them listing themselves as a Factoring Company, They are still seen as a collection agency. I would file the complaint if they are listing lates. Where was the CR pull from?

Message 6 of 17
Contributor

Re: Asset Acceptance

So a CA cannot report late or delinquent payments
Message 7 of 17
Senior Contributor

Re: Asset Acceptance


chevyman wrote:
So a CA cannot report late or delinquent payments

No, a CA cannot report lates.I would pull your credit reports from the CRA's. 3rd party credit reports sometimes have inaccurate info on them.

Message 8 of 17
Contributor

Re: Asset Acceptance

I do have the exp one
Message 9 of 17
Contributor

Re: Asset Acceptance

What if they are not reporting accurate
Message 10 of 17