Junk Debt Buyer Asset Acceptance, LLC Filed Only 11 New York Debt Collection Cases In 2016

By: Robert J. Nahoum

A man in suit and tie with his arms crossed.

Asset Acceptance, LLC is a notorious “junk debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar.

According to the New York State Unified Court System, Asset Acceptance has all but shut down filing new debt collection cases in New York with only 11 new debt collection cases in 2016.

The absence of new Asset Acceptance comes as little surprise, in 2012 Asset Acceptance entered into a consent decree with the Federal Trade Commission for settling allegations that it violated debt collection laws by using abusive debt collection tactics.

While Asset Acceptance has apparently halted filing new debt collection cases in New York, its legacy lives on in thousands of default judgments entered in years past against New York consumers.  Asset Acceptance is actively pursuing and enforcing judgments awarded years ago through wage garnishments and frozen bank accounts.

Asset Acceptance is a accused notorious violator of federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) and is sued regularly by consumers for these violations.  The FDCPA is a federal law that regulates the collection of consumer debts. It precludes third party debt collectors from using false, misleading, deceptive and harassing debt collection tactics.

If you need help settling or defending a debt collection law suit, stopping harassing debt collectors or suing a debt collector, contact us today to see what we can do for you.  With office located in the Bronx, Brooklyn and Rockland County, the Law Offices of Robert J. Nahoum defends consumers in debt collection cases throughout the Tristate area including New Jersey.

The Law Offices of Robert J. Nahoum, P.C
(845) 232-0202

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