topic Re: Asset Acceptance Success in Rebuilding Your Credit

Asset Acceptance Success

ramjam25 — Thu, 20 Sep 2012 19:24:51 GMT

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!

Re: Asset Acceptance Success

ramjam25 — Thu, 20 Sep 2012 20:12:19 GMT

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

Re: Asset Acceptance Success

novabama — Thu, 20 Sep 2012 21:28:21 GMT

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?!

Re: Asset Acceptance Success

09Lexie — Thu, 20 Sep 2012 22:07:37 GMT

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.

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!

Re: Asset Acceptance Success

sbeasl11 — Fri, 21 Sep 2012 00:47:59 GMT

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.

Re: Asset Acceptance Success

ramjam25 — Fri, 21 Sep 2012 14:36:22 GMT

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

Re: Asset Acceptance Success

Anonymous — Fri, 21 Sep 2012 18:53:27 GMT

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.

Re: Asset Acceptance Success

novabama — Fri, 21 Sep 2012 19:10:07 GMT

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

Re: Asset Acceptance Success

Anonymous — Fri, 21 Sep 2012 20:11:32 GMT

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

Re: Asset Acceptance Success

novabama — Fri, 21 Sep 2012 20:17:56 GMT

sending you a PM

Re: Asset Acceptance Success

novabama — Fri, 21 Sep 2012 20:21:10 GMT

well... I tried to PM you, it says that you have private messaging turned off??

Re: Asset Acceptance Success

Anonymous — Fri, 21 Sep 2012 20:30:20 GMT

Sorry I don't know how it got turned off and I can't seem to find how to turn it back on

Re: Asset Acceptance Success

novabama — Fri, 21 Sep 2012 20:31:51 GMT

@Anonymous wrote:
Sorry I don't know how it got turned off and I can't seem to find how to turn it back on

No worries, go to My Settings then Private Messenger

http://ficoforums.myfico.com/t5/user/myprofilepage/tab/user-preferences%3Aprivate-messenger

Re: Asset Acceptance Success

Anonymous — Fri, 21 Sep 2012 20:32:36 GMT

Thanks I think it's on now

Re: Asset Acceptance Success

09Lexie — Sun, 23 Sep 2012 22:11:19 GMT

It's confirmed... Off of TransUnion too!

After fighting with them for 2 years all it took was one online complaint to BBB... And in less than 2 weeks they are off all 3 bureaus! I am stoked!

Thanks again for all the help and guidance!

Re: Asset Acceptance Success

ramjam25 — Mon, 24 Sep 2012 14:48:16 GMT

Congrats! I can't wait to get the alerts they are off my bureaus too!

Re: Asset Acceptance Success

Anonymous — Mon, 24 Sep 2012 23:14:22 GMT

Congrats

Re: Asset Acceptance Success

Anonymous — Tue, 25 Sep 2012 00:21:28 GMT

How do you report to the BBB ? I have Asset Acc. on my report as a factorig company reporting 120+ days late :-(

Re: Asset Acceptance Success

ramjam25 — Mon, 01 Oct 2012 15:21:57 GMT

I had actually had issues dealing with them in the past they made promises they didnt keep (real shock coming from a collection agency), they withdrew money from my account when not authorized so on and so forth. So i just submitted a complaint through the BBB website.

Re: Asset Acceptance Success

Anonymous — Thu, 04 Oct 2012 12:35:23 GMT

This worked for me too! They did not agree to remove in the letter, but did anyway. Very happy considering that I have two more accounts with them that I am working on...