Established Member
ramjam25
Posts: 27
Registered: ‎07-23-2012
Asset Acceptance Success

I have been dealing with asset acceptance for over two years now! I paid them off finally this year with the promise from them they would delete the tradeline... of course they never did. So after researching this board I decided to contact the BBB yesterday today I received this letter:

 

Dear Sir or Madam:

          Asset Acceptance, LLC (AALLC) is in receipt of correspondence from your office, concerning complaint filed by ________ dated September 19.2012, and I have reviewed the same.

          Please be advised the AALLC has reviewed its business records and calls and does not find any indication that AALLC agreed to remove its credit reporting of this matter. In accordance with Federal guidelines, AALLC is required to provide accurate information to the consumer reporting agencies. Further, AALLC is not permitted to agree to remove tradeline information in exchange for payment.

          However, in the interest of resolving this matter, AALLC agrees to remove its tradeline with the appropriate consumer reporting agencies.

 

 

I highly doubt that they reviewed 2 years of calls in less than 24 hours, but either way I hope they stick to their word and I hope this removal will help my score. I will still have the original debt from credit one listed (which sucks) but one down is a good start! Especialy since i've been fighting with these jerks for so long!

 

 

Current lines: Chase Freedom $500 l Walmart Store $600 l Orchard bank $320 l First Premier $300 l First Premier (2) $300 l Capital One Secured $320 l Fingerhut Store $700 l Kay Jewelers $1200 l Navy Federal Visa Signature $6000


Starting Score: 7/12: EFX: 581 EXP: 611
Current Score: EFX: 609
Goal Score: 650 by end of the year

Established Member
ramjam25
Posts: 27
Registered: ‎07-23-2012
Re: Asset Acceptance Success

Does anyone know how this will effect me? Having a paid collection deleted?

Current lines: Chase Freedom $500 l Walmart Store $600 l Orchard bank $320 l First Premier $300 l First Premier (2) $300 l Capital One Secured $320 l Fingerhut Store $700 l Kay Jewelers $1200 l Navy Federal Visa Signature $6000


Starting Score: 7/12: EFX: 581 EXP: 611
Current Score: EFX: 609
Goal Score: 650 by end of the year

Frequent Contributor
novabama
Posts: 305
Registered: ‎08-24-2012
Re: Asset Acceptance Success

Congrats! I too had them deleted through BBB. It really depends how many baddies you have. Collection is as collection does, so paid or not doesn't make much of a difference. If you don't have many other collections, one may make a score jump a bit. good luck! report back if you get an increase. They agreed 2 weeks ago almost to delete my TL and it hasn't removed yet. So if you don't mind, post when yours is removed?! :smileyhappy:


Goal Score: 640 Good things come to those who wait.
Good things come to those who work their butt off and never give up.

Removals - Asset Acceptance, Receivable Solutions, LVNV Funding, Enhanced Recovery, Credit Systems Int, Discover Financial, Amchek/Amsher, Financial Adj Services, Chase, Target, AFNI, RJM, Portfolio Rec!
Moderator
09Lexie
Posts: 26,593
Registered: ‎09-13-2012
Re: Asset Acceptance Success

I, too had to do battle with Asset Acceptance and for years they kept verifying the debt.  However, I followed the advice I read here and filed the online complaint on Sept 10th. I received an email response from BBB with Asset Acceptance agreeing to delete on the 13th and so far I can confirm that Experian deleted on the 17th and Equifax as of yesterday. Still waiting for TransUnion. :smileylol:

 

I have two small collections left (totaling under $700) and i hope my score will increase. Asset's was fr $1,900 so my fingers are crossed!

 

Good luck to you!

Regular Contributor
sbeasl11
Posts: 122
Registered: ‎07-23-2012
Re: Asset Acceptance Success

I too, followed advice and filed a BBB dispute against AAC on 9/17 & received a letter today stating that they are going to delete the tradeline! Congrats to you and thanks to the great advice from these boards. Will let everyone know how long it takes to come off.

Established Member
ramjam25
Posts: 27
Registered: ‎07-23-2012
Re: Asset Acceptance Success

I will definitely post when I see mine removed, I printed out the letters too from the BBB so if I don't see them removed within a resonable amount of time I will forward the letters to the CRAs. I only have one other collection on my reports and it should fall off next year sometime I believe and it's a medical collection which my mortgage guy told me they don't really look at as much. It stinks that I will still have the original negative account from capital one (that asset bought) but it doesn't show in my collections part.

 

Thank you all for the responses this board has been so helpful :smileyvery-happy:

Current lines: Chase Freedom $500 l Walmart Store $600 l Orchard bank $320 l First Premier $300 l First Premier (2) $300 l Capital One Secured $320 l Fingerhut Store $700 l Kay Jewelers $1200 l Navy Federal Visa Signature $6000


Starting Score: 7/12: EFX: 581 EXP: 611
Current Score: EFX: 609
Goal Score: 650 by end of the year

New Contributor
poohda23
Posts: 64
Registered: ‎02-06-2012
Re: Asset Acceptance Success

I sure would love to know how to get rid of them.  My problem is that they keep reporting 120 days past due every 4 months and it's killng my credit score.  They also show up as an open factoring account.   

Frequent Contributor
novabama
Posts: 305
Registered: ‎08-24-2012
Re: Asset Acceptance Success

poohda, what are the details? Who was the OC, dofd and if it was a charge off, when was that?


Goal Score: 640 Good things come to those who wait.
Good things come to those who work their butt off and never give up.

Removals - Asset Acceptance, Receivable Solutions, LVNV Funding, Enhanced Recovery, Credit Systems Int, Discover Financial, Amchek/Amsher, Financial Adj Services, Chase, Target, AFNI, RJM, Portfolio Rec!
New Contributor
poohda23
Posts: 64
Registered: ‎02-06-2012
Re: Asset Acceptance Success

the original account was with British Petroleum.  The account was charged off june 2008 and the DOF is 11/07

Frequent Contributor
novabama
Posts: 305
Registered: ‎08-24-2012
Re: Asset Acceptance Success

sending you a PM


Goal Score: 640 Good things come to those who wait.
Good things come to those who work their butt off and never give up.

Removals - Asset Acceptance, Receivable Solutions, LVNV Funding, Enhanced Recovery, Credit Systems Int, Discover Financial, Amchek/Amsher, Financial Adj Services, Chase, Target, AFNI, RJM, Portfolio Rec!