AssetAcceptanceSucks!

Ok,
all of you people out there in cyberland who have had the ordeal of dealing with these miscreants watch out is all I can say(to Asset Acceptance). Okay so Asset Acceptance is trying to collect an alleged debt from me that is outside of the SOL. It is not even on my credit report. That is one problem I have with them.

Secondly, Asset Acceptance has misreported 2 items on my credit report. So I sent out certified letters about these alleged debts to Asset Acceptance and they have validated nothing so far. They just keep reporting these two alleged debts to Experian and Transunion. So far Equifax has taken them off. Interesting enough after I sent a Debt Validation Letter to Asset Acceptance about one alleged debt in particular they appear to have sold this alleged debt to another company.

What is even more interesting is that one of these alleged debts started off as $300.oo and now it is $4000.00 which tells me Asset Acceptance and and Providian are violating something called Usury statutes. For all of you dealing with debt collectors according to United States Law no one is allowed to violate Usury Statutes. Usury Statutes are basically a limit on the interest a person or collection agency can charge. Each state has a limit on the interest you can be charged on a loan. For instance, if you take out a loan with 5% interest and they all of a sudden start charging you 20% interest and your state only allows them to charge up to 5% interest they are violating the Usury Statutes of your state. It is basically the reason why loansharking is criminal. Don't ask me why collection agents aren't thrown in jail because I have no idea myself.

I have to do some backtracking but I think Asset Acceptance and Palisades Collection LLC are trying to collect the same alleged debt. I am pretty sure that is double indemnity or something like that. Maybe I should have Palisades and Asset Acceptance exchange phone numbers so they can argue over phony debts.