Re: WhyChat MUst read

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Posted by Confused in WA (4.41.128.17) on February 14, 2004 at 21:14:59:

In Reply to: WhyChat MUst read posted by jp on February 14, 2004 at 01:06:13:

"Please be adised that Asset Acceptance, LLC (AALLC) is a specialty finance company that purchase various types of consumer accounts receiveables in the normal course of their business. TO date AALLC has purchased over 15 million account. AALLC is not a colelction agency as they only collect on accounts they own. Therefore, there is no requirement that they be licensed as a collection agency."

Nice little loop-hole--we own the debt, therefore, collection agency laws don't apply to us.

Attorneys must have worked night & day to come up with the BS.

I wonder what kind of "Specialty Finance Company" they're claiming to be...seems like a terrorist organization if you ask me.