We have a collection acct with Asset Acceptance LLC. Our final balance with Circuit City was $4,992.88. This agency now says that our balance is $6556.48 and they are willing to settle for $3278.24. They sent the same letter last month willing to settle for $3226.52, about 50 dollars less! What makes it even more wierd is that the CA that had this acct last year wanted to settle for $2995. I know they have purchased the debt for even less than the original. It it legal for them to do this? What steps do we need to take? Thanks.
