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Tariq Law PC
ASSET ACCEPTANCE, LLC
Are You Being Threatened Or Sued By Asset Acceptance, LLC?
Tariq Law can defend you against debt collection lawsuits filed by Asset Acceptance, LLC. Depending on the circumstance, we will also sue them for the violation of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, or any other applicable laws.
In the case, The United States of America, (Plaintiff) v. Asset Acceptance, LLC, (Defendant), Asset Acceptance was sued by the Federal Trade Commission for misrepresentation while trying to collect consumer debts. It was alleged that Asset Acceptance violated the FTC Act, The Fair Debt Collection Practices Act, and the Fair Credit Reporting Act. The company paid a $2.5 million civil penalty in the settlement.
The complaints by FTC against Asset Acceptance were that they were misrepresenting and failing to disclose to consumers that their debts were too old to be legally enforceable, providing inaccurate information to credit reporting agencies, failing to notify consumers in writing that they provided negative information to a credit reporting agency, failing to conduct a reasonable investigation of disputed debts, repeatedly calling third parties who do not owe a debt, informing third parties about a debt, using illegal debt-collection practices, failing to provide verification of the debt, and continuing to attempt to collect a disputed debt.
Asset Acceptance, LLC is one of the largest leading consumer debt buyers and collectors of charged-off consumer debt. It is a public company whose parent corporation is Asset Acceptance Capital Corporation (AACC). The Company collects credit cards, utilities, consumer loans, second mortgages, health clubs, student loans, home equity loans, and other types of debt. Headquartered in Warren, Michigan, the company conducts its business throughout the United States and has 1,400 associates across 10 offices in nine states.
Asset Acceptance buys debts from Citibank, N.A., JP Morgan Chase Bank, N.A., and Providian. If you have accounts with these institutions, you are likely to be contacted by Asset Acceptance.
Asset Acceptance has been affiliated with Encore Capitol Group since June 2013. Generally, it also goes by the names AAC, Asset & Lee, Acceptance, Asset Acceptance, Asset Acceptance Corp, FCC, Financial Credit, LLC, Lee Acceptance Corporation, and RX Acquisitions.
If you are contacted by Asset Acceptance, LLC or have received a court summons, default judgment, wage garnishment notices or your bank account is being frozen, waste no time and act fast to assert your rights. Contact Tariq Law at email@example.com, we can help you settle your lawsuit with Asset Acceptance, LLC and can guide you through the process. Depending on your situation, we can assist you to have the judgment vacated, stop the garnishment of your wages, or perhaps settle your debt by a significant amount.
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