Asset Acceptance

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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 stay on your credit report for up to seven years, even if you pay them. Paying the collection might even lower your credit score.

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

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

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They can help challenge inaccurate, unfair, or unsubstantiated information on your credit report, including collections, inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

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Asset Acceptance Capital Corporation/Encore Capital Group Contact Information

Address:

Encore Capital Group
28405 Van Dyke Ave
Warren, MI 48093

Phone number: (312) 294-0100

Should I contact or pay Asset Acceptance?

Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.

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

Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.

Your Rights When Dealing with Asset Acceptance

Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:

  • 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. They have 30 days to prove the debt is yours and the amount is accurate.
  • Asset Acceptance cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
  • Asset Acceptance must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
  • Asset Acceptance cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove Asset Acceptance From Your Credit Report Today!

Credit Saint can help you dispute Asset Acceptance accounts. With over 15 years of experience, they have a proven track record of removing incorrect entries for many 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 call (855) 281-1510 for a free credit consultation to see what they can do for you.

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