Friday, January 11, 2008

ASSET ACCEPTANCE fired employee for exposing their Violation of the FDCPA and Federal Laws.

November 5, 2005 (Press Release)

Weed's complaint has caught the eye of a number of Attorney's and is expected to become a point of focus in AACC litigation for years to come. Additionally, as the lawsuit progresses, it has come to light that weed has substantial support for his allegations:

1. Weed was originally fired for allerting managment of the illegal re-aging practices and AACC 's failure to validate disputed consumer accounts as required by the fair credit reporting act.

2. Asset quickly hired Weed back when an attorney warned them that they were exposing themselves to even more liability if they fired a "whistleblower" that was reporting illegal behavior.

3. Then, within the next six months, Asset cooked up enough reasons to fire Weed that they felt they could safely do so. Unfortunatly, Weed got his own attorney and has exposed the concerted effort of Asset to get rid of Mike. Moreover, Mike had proof that Asset was guilty of the illegalities he'd alleged.

4. Finally, Mike sues Asset for what they did to him. The article makes the Detroit newspapers, and the national consumer protection advocates get their first, startling, look at the corrupt inner workings at Asset. See: http://www.detnews.com/2004/macomb/0412/12/B05M-30695.htm for the newspaper article.

- the above article was taken from www.assetacceptancesucks.com and for more information on Asset Acceptance and their violations of consumer protection laws and the lawsuits for Fair Credit Reporting Act and Fair Debt Collection Practices Act violations. Sample complaints and legal filings are provided for free.