Re: asset acceptance

Posted by Paul (207.44.154.35) on January 10, 2004 at 18:49:20:

In Reply to: asset acceptance posted by shermanhater on January 10, 2004 at 15:41:42:

You can’t pay off the original creditor. They sold the account to Asset. Just for giggles, Asset “buys” accounts for an average of 2 cents on the dollar. So they bought your $1300 debt for $26 (yes the math is correct, check it yourself) Then they tacked on $200 for the heck of it and claim you owe them $1500 for something they paid $26 for. Kind of funny in a perverse sense isn’t it? File Assets letter in the trashcan.

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