topic Re: GW to Asset Acceptance? in Rebuilding Your Credit

GW to Asset Acceptance?

InfinitiG35 — Thu, 08 May 2008 15:32:03 GMT

Has anyone had any success with sending GWs to Asset Acceptance? I'm getting ready to write one for an old Capital One account...

Re: GW to Asset Acceptance?

ChuckG — Fri, 23 May 2008 20:57:09 GMT

Yo G35!

Did you do this? Did it work?

I still have 2 Collection accounts from Asset reporting, one that was transfered to someone else (and paid) and one that I just finished paying off this month. It would be so friggin awesome if they were receptive to GW letters. So far they have been no help whatsoever with the small collection that they sold to someone else.

Re: GW to Asset Acceptance?

dwh164 — Tue, 17 Jun 2008 05:51:35 GMT

Did this work for you??? I've got one all written out, signed, sealed, needs delivered. Crossing my fingers.

Re: GW to Asset Acceptance?

nmorton79 — Thu, 02 Oct 2008 18:40:54 GMT

Hey guys,

Did you have any luck w/ GW'ing Asset Acceptance?

Re: GW to Asset Acceptance?

Anonymous — Thu, 07 May 2009 14:49:00 GMT

This thread is a year old. But has anyone had any success with GW to Access Acceptance Collections?

Additionally, did anyone get a PFD or able to settle for 70-80% of debt?

Thanks!

Re: GW to Asset Acceptance?

Anonymous — Thu, 07 May 2009 18:05:19 GMT

I had an $538 charge off from a Chase CC go to Asset Acceptance. Long story short, after speaking with a CSR that didn't understand credit reporting, she transferred me to her supervisor who told me that it won't report if I pay it within 30 days. I paid it, and it never showed.

The interesting thing is that he told me that he knows all about PFDs, GWs, PIFs, etc. But their policy is to never remove tradelines. Even if it means not making their money. Stupid in my opinion, but I am glad they aren't on my report.

Good Luck.

Re: GW to Asset Acceptance?

Anonymous — Fri, 08 May 2009 19:50:52 GMT

Thanks for sharing this. Seems like it is better to ask for a PFNR - Pay For Not Reporting instead of a PFD. Interesting strategy with the same results. Did you pay without anything in writing? I probably would if the supervisor told me he would do it, but I'd still be scared to chance it.

I have a very large unpaid (mostly interest) balance with them and a small balance that I settled with them. There is no way that I will settle the large balance $8000 w/o something in writing. In fact, I think I'll just let it fall off next year. They keep dinging my CR with 120 day lates on the settled account which causes 2 point drops each month.

I wonder if I could report them to BBB for that?

Re: GW to Asset Acceptance?

Anonymous — Fri, 08 May 2009 20:51:24 GMT

I had no reason not to believe him. In my experience, when you get a letter from a new collection, if you pay within 30 days, it won't report. (DV it obviously).

However, I would still try to get a PFNR if you feel uneasy. If it is already reporting, I just wouldn't pay and let it fall off. As long as it is beyond SOL, they can't sue, so they better work with you.

Re: GW to Asset Acceptance?

Anonymous — Fri, 08 May 2009 20:56:48 GMT

Both are already reporting, so I will let them fall off next winter. If they would work with me, I'd pay them, but I sent them a DV for the $8000 account and they sent me their own internal invoice of the balance, not an original copy from the OC. Thanks for letting me know. You don't have any contact info. from the supervisor, do you?

Re: GW to Asset Acceptance?

Anonymous — Mon, 11 May 2009 11:37:45 GMT

No, I didn't write anything down. Just call them and ask for a supervisor. My experience is regular CA CSRs are hard to deal with.

Re: GW to Asset Acceptance?

Anonymous — Mon, 11 May 2009 14:40:18 GMT

Hi, I was able to get Asset Acceptance to agree to a PFD. I spoke to about 4 different CSR's before I got one who would even entertain my request and he said that he did not have the authority to agree to PFD but that he would talk to his manager. The next day I got a call back from the CSR who said his manager agreed. I got them to fax and mail me a letter of the agreement that if I PIF they would delete. The payment just cleared on Friday so I am going to wait about a week and then call to make sure the delete request has been initated. If not I have my letter from them as proof and will send it to the CRA myself if I need too.

Re: GW to Asset Acceptance?

Anonymous — Mon, 11 May 2009 15:41:41 GMT

Congrats!!! I figured they must grant them. It is a stupid business model if you dont want to increase your revenues by granting PFDs!!

Re: GW to Asset Acceptance?

Anonymous — Mon, 11 May 2009 16:28:10 GMT

That is fantastic news! Would you please respond back with your results? Also , could you PM me any contact info. to the CSR or manager? Thanks!

Re: GW to Asset Acceptance?

Anonymous — Tue, 12 May 2009 15:49:54 GMT

Yes I will be happy to PM you the information once i verify that it has dropped of my credit report. I don't want any snags in the interim. I plan to call them either tomorrow or Friday to follow up on the agreement to delete. I'll be sure to update you!

Re: GW to Asset Acceptance?

Anonymous — Thu, 21 May 2009 16:44:56 GMT

UPDATE******

The collection account with Asset Acceptance has successfully been removed from my Experian and Equifax credit reports!!! TransUnion is of course stubborn and lagging behind but I have the letter that was sent to the CBR's and will be sending them a copy to ensure this gets deleted. Woo-hoo!

Re: GW to Asset Acceptance?

hopeful5 — Thu, 21 May 2009 17:28:50 GMT

would you mind PM me with any contact info you used for Asset. I too am trying to get a PFD (4) letters, no response.

Re: GW to Asset Acceptance?

Anonymous — Wed, 15 Jul 2009 20:43:50 GMT

Hi could you please PM me the contact info for Asset Acceptance? I am trying to send them a GW and havent heard back. Thank you!