My client’s complaint, my declaration and the exhibits were delivered to the NM AG on 3/22/12.
On 3/29/12 the NM AG referred the complaint to dispute resolution staff
Asset Acceptance STILL reports to Experian as of today. Since my client has received nothing else from the AG, Asset probably doesn’t even know yet about the complaint.
The illegally charged INTEREST is an issue affecting many thousands of accounts sold to debt buyers by creditors such as Chase and Citi who do NOT charge interest after the accounts are charged off.
Since Citi does NOT report any account on my client’s credit, Exhibit 4 to my Declaration is the credit reporting from another client’s Citi account:
Citi does NOT charge interest after the account was charged off.
I have seen several lawsuits with debt buyers suing for interest NOT charged by the original creditors.
The consumer lawyers and regulators seem to be completely oblivious to this fraud.
It’s incredible to see how debt buyers have NO respect for the law and the truth. The Asset Acceptance extraordinary incompetence and unwillingness to resolve the issues to my client’s satisfaction is truly astounding.
We should send the complaint to the new Consumer Financial Protection Bureau as they now regulate debt buyers.