Asset Acceptance


Is Asset Acceptance hurting your credit score?

Schedule a free credit consultation to find out how you can eliminate inaccurate and questionable negative information from your credit report.

Who is Asset Acceptance?

Asset Acceptance, LLC, also known as Asset Acceptance Capital Corp. and Encore Capital Group, Inc., is a debt collection agency based in Warren, Michigan. They specialize in purchasing and managing charged-off consumer debt portfolios.

If you have an unresolved debt, you may see Asset Acceptance listed on your credit report as a collections account, indicating they now own your debt.

Who does Asset Acceptance collect for?

Asset Acceptance is a debt buyer and collector of charged-off consumer debt. They collect debt for credit card issuers, consumer finance companies, retail merchants, utility companies, and others.

Is Asset Acceptance legit or a scam?

Asset Acceptance is a legitimate debt collection company. However, their communication methods can often be persistent and include frequent calls, texts, or emails in their attempt to recover the debt.

How can I remove Asset Acceptance from my credit report?

Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(While debt collectors may not want this information to be widely known, it’s your right to be informed.)

Ready to Raise Your Credit Score?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Get started on the path to better credit today: Fill out the form for a free credit consultation.

Asset Acceptance Capital Corporation/Encore Capital Group Contact Information


Encore Capital Group
28405 Van Dyke Ave
Warren, MI 48093

Phone number: (312) 294-0100

Should I contact or pay Asset Acceptance?

It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.

The most effective way to deal with Asset Acceptance is to work with a credit repair professional. They help remove millions of negative items every year from companies like Asset Acceptance, LLC on behalf of their clients.

Will Asset Acceptance sue me or garnish my wages?

Asset Acceptance could potentially sue or garnish your wages as a way to collect outstanding debts. However, such actions are typically a last resort and depend on various factors, including the size of the debt, the state laws where you reside, and whether the debt is within the statute of limitations.

Some states allow wage garnishment, while others do not. If you are in a state that does not allow wage garnishment, it is illegal for a debt collector to threaten to garnish your wages.

It is also illegal for Asset Acceptance to make any claims they cannot or will not follow through on. This includes threatening to sue you or foreclose on your home.

Asset Acceptance Complaints

Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.

Your Rights When Dealing with Asset Acceptance

Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:

  • It is a violation of federal law for Asset Acceptance to report inaccurate or incomplete information about you.
  • You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
  • Asset Acceptance may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • Asset Acceptance must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
  • Asset Acceptance cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove Asset Acceptance From Your Credit Report Today!

Credit Saint can assist you in disputing Asset Acceptance accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.

If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.

They have helped many people in your situation. Fill out the form on their website or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.

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Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.