topic Re: ASSET ACCEPTANCE Collection in Rebuilding Your Credit

ASSET ACCEPTANCE Collection

Anonymous — Mon, 04 Feb 2013 20:10:39 GMT

We have a COLLECTION account with Asset Accptance that was from a Target credit card. We want negotiated a settlement amount that was about half of what we owed and are happy with that.

My question is can I assume that Asset Accpetance actually owns the debt? They show up on the credit agencies as owning the debt.

A few years ago we had a collector trying to collect on an old debt and it turns out that they did not even own it.

Thanks in advance

Re: ASSET ACCEPTANCE Collection

Anonymous — Mon, 04 Feb 2013 20:18:23 GMT

Is Target reporting also? If they are does it say the debt was sold/transferred and reporting a 0 balance?

Re: ASSET ACCEPTANCE Collection

Anonymous — Mon, 04 Feb 2013 20:31:03 GMT

Target is no longer reporting on this account.

AAC

Status as of Jan, 2013
Date opened Dec, 2009
Date of last activity Aug, 2007
Largest past balance $396
Account Type Open Account
Account holder Individual
Industry Factoring Companies
Descriptions
Collection account

Re: ASSET ACCEPTANCE Collection

Anonymous — Mon, 04 Feb 2013 20:34:08 GMT

You can always call Target and find out if the debt was sold or assigned.