Asset acceptance ...need help please

[Mish0817]

I guys I am very new to this .  I have never received a letter from these people EVER  original creditor is no longer on my report (not even with zero balance saying sold!). 

This asset acceptance called me a few weeks ago (I didn't admit ownership of debt I just said contact me via mail)  and I looked at my reports right after. Can these  people charge 2000+ in fees in a year? I am past sol, the dates are incorrect on here as well ...what do I do ?  Dv to CA  then dispute with DRA after they answer?

excuse typos on iPad 

Thanks Michelle 

My Transunion report states ~ 

Collection agency

Original balance 13079

Current balance  15265

Date assigned march 2011

Original lender beneficial

Account number

Account holder individual

Account descriptions   placed for collection

  My equifax says ; 

status nov 12 date

opened march 2011 

date of last activity jan 2009 

account type open account 

account holder individual

 industry factoring company

 largest past balance 13079

balance 15265

 current status 120days past due  

experian states  

date open march 2011

 type debt buyer 

credit/ original balance 13079

 recent balance 15315

first reported may 2011

date of status june 2011    

Asset Accept

$13,079

$15,265

Mar 25, 2011

01 Beneficial

XXXXX6896

Individual

[llecs]

They can charge $2000 in one year provided the org. agreement with the OC allowed for that and/or the default rate in your state allows for that much interest. If ever in doubt (I would be) I would suggest including within a simple DV a sentence asking for a detailed accounting.

The dates really don't matter. Date opened is when the CA bought the account. DOLA can change with anything like a payment or even a dispute. And status is when they updated last. The date that matters is DOFD.

If you are 100% certain you are past SOL, then I would DV. If they verified and I agreed then I'd offer a PFD.

[mtrsprt]

Ouch..  That is a ton of money owed....  I was in the same situation as you.  Tried everything.  Sheriff was coming to my home twice a year with court summons etc.  The only thing that took care of it was settling and paying 60% of my original $12,500.00 balance.....

[Mish0817]

Yes...ton of $$. Which is why it's od that I've never received any communication on this. It's past the SOL for california so no worries of a summons.  I think it's even od that the OC isn't  on my credit report  either. I'm going to Dv it point out its past sol then dispute wit CRA since dates are wrong, etc  I've just never done any of this  so.....  Any advice on language in dv? 

[llecs]

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@Mishwatson wrote:

Yes...ton of $$. Which is why it's od that I've never received any communication on this. It's past the SOL for california so no worries of a summons.  I think it's even od that the OC isn't  on my credit report  either. I'm going to Dv it point out its past sol then dispute wit CRA since dates are wrong, etc  I've just never done any of this  so.....  Any advice on language in dv? 

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The OC doesn't have to report, nor would you want them to. They would report as a paid CO which could hurt. It's not uncommon for the OC to delete early or not even report after they sell the debt.

I'd DV. Just use the simple ones within these forums. Example letters - PFDs, GWs, DVs, etc.

I wouldn't point out SOL. Even if past SOL they can report.

As pointed out, the dates could be right. I wouldn't dispute. Wait for the DV response, if any.

When is the DOFD?

[Mish0817]

I believe the Dofd was either 2007 beginning 2008 , I will DV 

thanks