Like so many debt buyers, Asset Acceptance ignored the dispute and it charges outrageous interest without providing any documentation allowing it to charge interest.
My client’s complaint and my declaration submitted to the New Mexico attorney general.
I have never seen Citi or Chase charge interest after an account was charged off. Yet, debt buyers routinely file lawsuits demanding interest from the date the account was charged off and while they did NOT own the accounts. In this case Asset is collecting a Citi account and its compliance department advised me that my client’s ONLY right is to pay the account.
Here is a screenshot of another client’s Citi chargeoff: (more…)