Stop Asset Acquisition Group Phone Harassment – Know Your Rights
You do not have to deal with Asset Acquisition Group (AAG) harassment. Debt collectors can disrupt your life with harassing phone calls, but understanding your rights empowers you to take control. From repeated calls to abusive language, debt collection practices are legally regulated, and you don’t have to tolerate what you believe may be harassment. Here’s how we can help stop these practices and provide the support you need.
Understanding Debt Collection Agencies
Debt collection agencies, like Asset Acquisition Group, play a crucial role in the debt collection process. These agencies are hired by original creditors to collect debts that are past due. They may also purchase debts from creditors at a discounted rate and then attempt to collect the full amount from the debtor. Debt collection agencies are governed by federal laws, such as the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA), which regulate their behavior and ensure that they treat debtors fairly.
Asset Acquisition Group: Company Background
Asset Acquisition Group (AAG) is a third-party debt collector located in Denver, Colorado, at 6825 E Tennessee Ave STE 525, Denver, CO 80224-1628. According to available records, AAG has been in business for nearly 30 years. While they are a legitimate, registered company, if you believe they’re using tactics that may violate your consumer rights, you have options for addressing these concerns.
Asset Acquisition Group Harassment: Know The Signs
Debt collection can affect mental well-being, especially when collection agencies like Asset Acquisition Group (AAG) resort to tactics that you may find unethical, including potentially harassing phone calls. AAG collectors may employ aggressive strategies that can feel overwhelming and, at times, personal. However, knowing what is allowed under federal law helps you recognize when complaints may be valid and potentially actionable.
Below are some common tactics AAG collectors might use that could potentially be grounds for a complaint:
- Frequent or Early/Late Calls: If AAG contacts you at odd hours, outside what you believe should be the permissible window of 8:00 a.m. to 9:00 p.m., they may be overstepping legal boundaries.
- Contacting Others About Your Debt: By involving friends, family, or colleagues, a debt collector may try to pressure you. However, if you believe they’re discussing your debt with unauthorized parties, this could potentially violate federal regulations.
- Abusive Language or Threats: Threatening arrest, wage garnishment, or legal action without a proper basis can feel frightening and may be unlawful if you believe it’s intended to scare you into compliance.
- Failure to Verify Debt: Under the Fair Debt Collection Practices Act (FDCPA), a debt collector should confirm the debt is valid if you request proof. If you believe they’re pressuring you without this verification, this may be unacceptable.
Asset Acquisition Group Phone Numbers
If you’re receiving calls from any of these numbers, they may be from Asset Acquisition Group:
📱 303-694-0031 📱 800-742-3310 📱 (303) 694-0031 📱 (800) 742-3310 📱 3036940031 📱 8007423310
If you believe you’re receiving harassing calls from these numbers or other numbers that may be associated with AAG, it could be time to seek professional assistance.
Protecting Your Rights Against Harassment with Fair Debt Collection Practices
When phone harassment is affecting your peace of mind, it’s crucial to understand your legal rights. The FDCPA protects consumers from what may be unfair practices by debt collectors. If you believe AAG collectors are engaging in prohibited tactics, you could potentially have grounds for a legal claim, possibly qualifying for statutory damages up to $1,000.
Most collection agencies do not have to accept settlement offers, but many are open to negotiating lower amounts, especially for debts they have purchased at a fraction of their original value.
The Wood Law Firm handles cases involving aggressive debt collection agencies like AAG. By seeking legal advice, you gain clarity on your rights and the steps that may be needed to stop what you believe are harassing calls. Call us at 📱 +1 844-638-1122.
Also read: Financial Asset Management Debt Collection Harassment
Receiving a Debt Validation Letter
If a debt collector contacts you about a debt, they are required by law to send a debt validation letter within five days of initial contact. This letter must include the amount of the debt, the name of the creditor, and a statement indicating that the debt will be assumed valid if not disputed within 30 days. It’s essential to review this letter carefully and respond promptly if you believe there may be inaccuracies or if you wish to dispute the debt.
Is Asset Acquisition Group a Scam? Understanding Their Background as a Debt Collection Agency
Many people wonder, “Is Asset Acquisition Group a scam?” The answer is that AAG appears to be a legitimate, registered company with nearly 30 years in operation. However, if you believe their tactics may not align with consumer rights laws based on your experience, you may have valid concerns. Reviewing feedback from others reveals that some consumers have faced similar situations that they believed were problematic.
Asset Acquisition Group’s Phone Communication Patterns
Identifying calls from the Asset Acquisition Group can sometimes be confusing, as they may use multiple numbers to reach consumers. If you’re receiving persistent calls from the numbers listed above or suspect that AAG may be trying to reach you using other numbers, it may be time to speak to a professional. The Wood Law Firm can work with you to evaluate your situation and develop a plan that may help address what you believe is harassment.
Also read: Asset Recovery Solutions Debt Collection Harassment
The Wood Law Firm: Your Partner in Addressing Debt Collection Concerns
For over a decade, The Wood Law Firm has represented individuals dealing with consumer rights violations, specializing in cases involving what clients believed was debt collection harassment. If you’re facing pressure from debt collection agencies that you believe may be excessive, our firm can help. We offer a free consultation to assess your case, and if we take your case, there are no legal fees to worry about — we only get paid when you do.
Taking Potential Legal Action Against Asset Acquisition Group Under Federal Law
If you believe the debt collection agency has crossed the line, you may have several options. Filing a complaint is often the first step toward potentially holding them accountable. By documenting instances of what you believe may be threats or harassment, you can strengthen your case if you decide to pursue legal action.
Filing a Complaint Against Asset Acquisition Group
Filing a formal complaint records your experience and alerts regulatory agencies. You can send these complaints to:
📌Federal Trade Commission (FTC): The FTC monitors and investigates consumer complaints against companies like AAG.
📌Consumer Financial Protection Bureau (CFPB): Another agency that enforces laws against what may be unfair debt collection practices.
📌Better Business Bureau (BBB): Although the BBB doesn’t enforce laws, it collects company reviews and complaints, which can influence AAG’s reputation.
If you believe AAG may have violated the FDCPA, you may potentially have grounds to take legal action. The Wood Law Firm can evaluate your case and guide you through the process if you believe filing a lawsuit against the company may be appropriate.
Also read: Recovery Solutions Group Debt Collection Harassment
Steps for Protecting Yourself from Potential Harassment
Debt collection agencies like Asset Acquisition Group can make life challenging, especially when you believe they may be overstepping the bounds of fair practices. However, you can defend yourself effectively by taking a few essential steps:
- Document Every Interaction: Keep a log of every call or communication. Record the date, time, caller ID, and conversation details. These records may later prove useful if you believe there has been debt collection harassment.
- Demand Written Validation of the Debt: Under the FDCPA, debt collectors should provide written proof of the debt’s legitimacy. If AAG has not sent you this validation, you can dispute the debt until they comply.
- Send a Cease and Desist Letter: If you believe the harassment may be continuing, you are within your rights to send a formal letter demanding they stop all communication. Once they receive this letter, they can only contact you to confirm receipt or to notify you of any legal actions they may intend to take.
- Consult with a Consumer Rights Attorney: Speaking with an experienced attorney specializing in consumer rights can make a big difference if you believe you’re being harassed. The Wood Law Firm has helped many clients who believed they were facing debt collector harassment. They can handle the legal procedures and, if eligible, may help you receive compensation.
- Report Potential Harassment to Regulatory Bodies: Filing complaints with the FTC, CFPB, and BBB can put additional pressure on companies if you believe they’re using harassment tactics.
Also read: Sequim Asset Solutions Phone Harassment
Examples of Potentially Problematic Collection Tactics
Debt collectors should adhere to specific standards, and Asset Acquisition Group could potentially face legal consequences if you believe they’re violating these rules. Here are some examples of tactics that may be unlawful:
- Using Profanity or Harassing Language: If you believe they’re using insulting or abusive language, this may be prohibited.
- Repeated Calling: If you think they’re calling you numerous times daily, especially outside reasonable hours, this could potentially be unlawful.
- Misrepresenting Consequences: Collectors should not lie or make what they believe are misleading claims about what might happen if you don’t pay.
- Public Disclosure of Debt: Debt collectors should not discuss your debt with unauthorized third parties, such as family members, co-workers, or friends.
Credit Score and Report Considerations
Your credit score and report are critical components of your financial health. A debt collection agency, like Asset Acquisition Group, may potentially impact your credit score if it reports a collection account to the credit bureaus.
This could potentially lead to a decrease in your credit score, making it more challenging to obtain credit in the future. It’s crucial to monitor your credit report regularly and dispute any errors or inaccuracies you believe exist to ensure that your credit score remains accurate.
Negotiating a Settlement
Negotiating a settlement with a debt collection agency, such as Asset Acquisition Group, may be a viable option for resolving a debt if you believe it’s legitimate. When negotiating a settlement, it’s essential to understand your financial situation and the amount you can afford to pay.
You should also consider the debt collector’s potential willingness to accept a settlement and the possible impact on your credit score. A settlement might help you avoid further collection activity and potentially remove negative marks from your credit report.
Removing Negative Marks from Your Credit Report
Removing negative marks from your credit report can be a challenging process, but it may be essential for maintaining good credit health. If you’ve settled a debt with a debt collection agency, such as Asset Acquisition Group, you may potentially be able to have negative marks removed from your credit report.
This might be achieved through a pay-for-delete agreement, where the debt collector agrees to remove the negative mark in exchange for payment. It may be beneficial to work with a credit repair professional to help ensure that negative marks are handled correctly and that your credit report remains accurate.
The Potential Benefits of Filing a Lawsuit
If you believe Asset Acquisition Group has used aggressive or potentially illegal tactics, you may be entitled to compensation. The Wood Law Firm can represent you in a lawsuit against the company if we believe you have a valid case, seeking damages for their behavior. Some damages you might potentially receive include:
➤Statutory Damages: Under FDCPA, victims may have the right to as much as $1,000 in statutory damages if harassment is proven.
➤Emotional Distress: If you believe harassment from the company has caused you stress, anxiety, or emotional trauma, you may potentially be able to recover additional damages.
➤Attorney’s Fees and Costs: In many cases, the law may order the debt collector to cover all legal fees and costs associated with the case.
Also read: Account Resolution Group Phone Harassment
Common Misconceptions About Debt Collection Lawsuits
There are many misunderstandings surrounding debt-collection lawsuits. Here are some common myths and the reality of each situation:
✅Myth: You Can’t Sue if You Believe There’s Harassment by Debt Collectors: Many people don’t realize they may have the right to sue when subjected to what they believe is phone harassment. The FDCPA exists to potentially protect you from these very situations.
✅Myth: You Have to Pay All Legal Costs: In successful cases, the court may require the debt collector to cover attorney fees.
✅Myth: Ignoring Debt Collectors Is the Best Solution: Simply ignoring Asset Acquisition Group may not stop what you believe is harassment. Taking legal steps may be a more practical approach.
What to Potentially Expect in a Case Against Asset Acquisition Group
When you decide to take potential legal action against Asset Acquisition Group, your case may go through these stages:
- Initial Consultation with Your Attorney: Your attorney will review the details of your case and advise you on the potential next steps.
- Gathering of Evidence: This may include documentation, call logs, or written communications that you believe prove the company’s harassment.
- Filing the Lawsuit: Once the evidence is in place, your attorney may file the lawsuit in court, where the company will be notified and summoned.
- Settlement or Trial: In some cases, the company may choose to settle outside of court. If not, the case may go to trial, where a judge will decide.
Also read: American Credit Bureau Phone Harassment
Frequently Asked Questions About Asset Acquisition Group
Q: Is Asset Acquisition Group a legitimate company or a scam? A: Asset Acquisition Group appears to be a legitimate debt collection company that has been in business for nearly 30 years and is located in Denver, Colorado. However, if you believe their tactics may be problematic, you may have valid concerns worth addressing.
Q: Can Asset Acquisition Group report my debt to credit bureaus? A: Yes, Asset Acquisition Group may report debts to credit bureaus, which could potentially impact your credit score. If you believe there are inaccuracies, you have the right to dispute these reports.
Q: Can AAG garnish my wages? A: Asset Acquisition Group may potentially garnish wages in specific cases, but they typically must first obtain a court judgment. The process varies by state, and there are federal and state protections that may limit wage garnishment.
Q: Will Asset Acquisition Group stop calling after I file a lawsuit? A: Usually, filing a lawsuit may halt further direct communication from the collection agency, as they would then typically communicate only through your attorney.
Q: What should I do if I think Asset Acquisition Group is calling me at an inappropriate time? A: Document all calls with dates and times. If you believe they’re calling outside the permitted hours of 8:00 a.m. to 9:00 p.m. in your time zone, this could potentially violate the FDCPA.
Q: Can I request that Asset Acquisition Group stop calling me entirely? A: Yes, you can send a written cease and desist letter requesting that they stop all phone communication. After receiving this letter, they may only contact you to confirm receipt or notify you of specific legal actions.
Q: How much can I potentially recover if I sue Asset Acquisition Group for harassment? A: Under the FDCPA, you may potentially recover up to $1,000 in statutory damages, plus any actual damages, and the court may order them to pay your attorney fees if you win.
Q: What information should Asset Acquisition Group provide about my debt? A: They should provide a validation letter within five days of initial contact, including the debt amount, original creditor’s name, and your right to dispute the debt within 30 days.
Q: Can Asset Acquisition Group discuss my debt with my family or employer? A: Generally, no. Debt collectors typically should not discuss your debt with third parties, though there are limited exceptions for locating you or if you’ve given permission.
Q: How long does Asset Acquisition Group have to collect on a debt? A: This depends on your state’s statute of limitations for the type of debt involved. The timeframe typically ranges from 3 to 6 years, but varies by state and debt type.
Q: What should I do if I believe the debt the Asset Acquisition Group is trying to collect isn’t mine? A: You should request debt validation in writing within 30 days of their initial contact. They should provide proof that you owe the debt and that they have the right to collect it.
Q: Can Asset Acquisition Group sue me for an old debt? A: They may potentially sue you if the debt is within your state’s statute of limitations. However, if you believe the debt is beyond the statute of limitations, this could be a defense in court.
Q: Should I pay Asset Acquisition Group to make them stop calling? A: You should carefully consider your options first. If you believe the debt may not be valid or if you think they’re using improper tactics, consult with a consumer rights attorney before making any payments.
Q: What records should I keep if I believe Asset Acquisition Group is harassing me? A: Keep detailed logs of all calls, including dates, times, caller ID information, and summaries of conversations. Also, save any written communications, voicemails, and take notes of any tactics you believe may be improper.
Also read: Associated Recovery Systems Phone Harassment
How The Wood Law Firm Can Help
The Wood Law Firm has extensive experience handling cases involving what clients believed was debt collection harassment. We understand the toll that you may believe Asset Acquisition Group phone harassment could take on you and your loved ones. When you work with us, you can expect compassionate and professional guidance at every step. If you believe you’re being harassed, call +1 844-638-1122 today.
Some Useful Links: Colorado Attorney General
