Asset Acquisition Group LLC (AAG) is a Denver-based debt buyer that purchases charged-off accounts and pursues those balances directly. Clients who call us about AAG describe persistent calls, legal threats, and contact with family members. Federal law limits all three tactics.
Key Takeaways
- Asset Acquisition Group is a Denver-based debt buyer, and court records show it has pursued consumers through litigation, including an appeal in Ohio.
- Because AAG buys secondhand debt, the accounts it pursues may be years old and potentially time-barred under your state’s statute of limitations.
- Do not make a payment or acknowledge the debt before confirming whether the limitations period has expired; doing so may restart the clock in some states.
- AAG must send written validation within five days of first contact; if it has not, that may already be a violation.
- Consumers have alleged that AAG contacts third parties and threatens legal action; document every interaction.
- FDCPA violations can result in up to $1,000 in statutory damages per lawsuit, with AAG paying your attorney’s fees if we win.
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Who Is Asset Acquisition Group
Asset Acquisition Group LLC is a debt collection company based in Denver, Colorado. It operates as a debt buyer, meaning it does not collect on behalf of original creditors. It purchases portfolios of charged-off accounts, often for a fraction of face value, and pursues consumers for the full balance under its own name.
Clients who call us about AAG often have no memory of the original account. They are surprised to learn a company they have never heard of is claiming they owe money.
AAG is frequently confused with Asset Acceptance LLC, a much larger debt buyer now owned by Encore Capital Group. These are separate entities. Confirming which company actually contacted you is an important first step before responding.
Asset Acquisition Group Contact Information
- Address: 6825 E Tennessee Ave STE 525, Denver, CO 80224-1628
- Main Phone: (303) 694-0031 | 303-694-0031 | +1 303-694-0031
- Also Known As: (800) 742-3310; historically also associated with Aurora, CO, and Providence, RI
- BBB Profile: Asset Acquisition Group BBB listing
Why Is Asset Acquisition Group Calling You
Asset Acquisition Group is calling you because it purchased a charged-off debt associated with your name. Because AAG buys old accounts, that debt may be years old. Consumers sometimes first learn about it when AAG calls out of nowhere or a collection entry appears on a credit report.
There are several reasons you may be receiving these calls, even if the situation feels unfamiliar:
- AAG purchased a portfolio that includes an account you may have forgotten or already resolved
- The debt may be time-barred under your state’s statute of limitations, even though AAG is still calling
- AAG has allegedly contacted relatives and associates to locate consumers, according to consumer complaints reported through fair-debt-collection.com
- There may be a case of mistaken identity if your information resembles a prior account holder’s
Clients who contact us about AAG frequently describe escalating call frequency. That pattern can feel less like an attempt to resolve the account and more like pressure to pay without asking questions.
Can Asset Acquisition Group Debt Be Too Old to Collect
Yes, if the debt falls outside your state’s statute of limitations, it may be too old to collect through a lawsuit. Because AAG buys old charged-off accounts, the limitations period on some of those debts may have expired before AAG ever makes contact. Every state sets its own limitations period, typically three to six years from the date of last account activity.
Once that window closes, AAG cannot successfully sue you, even though it may continue calling. Important warnings apply to any time-barred debt:
- Making even a small payment can restart the statute of limitations in some states
- Verbally acknowledging the debt can have the same effect, depending on your state
- Time-barred debt can still appear on your credit report for up to seven years from the original delinquency date
- A lawsuit threat on a debt AAG knows or should know is time-barred may itself violate 15 U.S.C. § 1692e
If you are unsure whether your debt falls inside or outside the limitations period, do not make a payment or acknowledgment before speaking with a consumer protection attorney.
Has Asset Acquisition Group Filed Lawsuits Against Consumers
Yes. Court records confirm that Asset Acquisitions Group, L.L.C. has pursued consumers through litigation, including an appeal that reached the Ohio Court of Appeals.
- Asset Acquisitions Group, L.L.C. v. Gettis (186 Ohio App.3d 586, 2010-Ohio-950, Montgomery County): The Ohio Second District Court of Appeals reversed a default judgment in AAG’s favor after finding the charge-off statement it filed did not comply with the documentation rule for account-based claims.
In our firm’s experience, a debt buyer that files lawsuits must be taken seriously. That does not make AAG immune from liability for how it conducts itself while pursuing those debts.
What Tactics Does Asset Acquisition Group Use
Complaint patterns from consumers dealing with AAG cluster around specific behaviors. Recognizing these tactics helps you understand whether what you are experiencing crosses a legal line.
Calling outside permissible hours. The FDCPA prohibits calls before 8:00 AM or after 9:00 PM in your local time zone. Clients report early morning and late evening calls from AAG, which phone records can document.
Contacting third parties about your debt. AAG has allegedly contacted relatives and associates of consumers, according to complaints reported through fair-debt-collection.com. Disclosing a debt to someone who is not the consumer, without authorization, violates 15 U.S.C. § 1692c(b).
Threatening legal action without basis. Threatening to sue or garnish wages without genuine intent violates the FDCPA’s ban on false representations under 15 U.S.C. § 1692e. If the debt is time-barred and AAG threatens suit anyway, that threat may be a standalone violation.
Failing to properly validate the debt. As a debt buyer collecting on secondhand accounts, AAG may lack complete documentation proving a debt is valid and correctly attributed. Consumers who push back with a written validation request often find gaps in AAG’s records.
How to Identify an Asset Acquisition Group Call
The two numbers most associated with this company are (303) 694-0031 and (800) 742-3310. Every debt collection call must disclose the caller as a debt collector and name the company under the FDCPA.
A skipped disclosure is its own FDCPA violation. Steps to confirm the caller and protect your position:
- Do not confirm or provide personal information on an inbound call; ask for the company’s legal name and mailing address in writing
- Search the number in consumer complaint databases such as 800notes.com or the CFPB complaint portal
- Document every contact: date, time, caller ID number, name given, and a summary of what was said
- Request written debt validation before engaging further; a legitimate collector must send this within five days under 15 U.S.C. § 1692g
AAG voicemails sometimes fail to identify the caller as a debt collector. That omission, repeated across multiple messages, can generate multiple standalone FDCPA claims.
Is Asset Acquisition Group a Scam
Asset Acquisition Group is a licensed debt collection entity, but licensed does not mean every tactic it uses is legal. It operates as a debt buyer out of Denver, Colorado, and court records show it has pursued collection litigation, including an appeal before the Ohio Court of Appeals.
In our practice, we verify a caller’s identity and licensing before advising a client on next steps. If you are unsure whether the company calling you is actually AAG or an impersonator, request written correspondence bearing its full legal name before responding.
Is Asset Acquisition Group Banned by the FTC
No. Asset Acquisition Group has not been banned by the FTC based on publicly available enforcement records. That does not mean its conduct is free of risk.
Consumers pursuing claims against AAG typically rely on private FDCPA and TCPA lawsuits rather than FTC action, since the FTC does not resolve individual disputes. If AAG’s conduct crossed a legal line in your case, a private claim, not an FTC complaint, is the practical path to compensation.
Does Asset Acquisition Group Appear on Your Credit Report
Yes, it may. AAG can report collection accounts to Equifax, Experian, and TransUnion, and a collection entry can lower your score by 50 to 100 points.
That entry can remain for up to seven years from the original delinquency date, not from when AAG purchased the account. Credit-related issues worth examining include:
- Whether the original delinquency date is accurate or has been extended
- Whether the reported balance includes unauthorized fees or interest
- Whether the same account is reported inconsistently across the three bureaus
- Whether AAG continues reporting the account as active after a formal dispute
Any of these issues may support an FCRA claim that runs alongside, and separate from, an FDCPA claim based on AAG’s collection conduct.
How to Respond to Asset Acquisition Group
The most important first step is requesting written validation before making any payment or agreement. What follows should depend on what that validation shows.
- Send a certified letter to AAG’s Denver address requesting the original creditor’s name, the claimed balance, and documentation showing the chain of ownership. Sent within 30 days of first contact, this request pauses collection activity until proper validation arrives.
- Check your credit report. Note the original delinquency date, since it controls when the entry must come off your report.
- Document every contact. If calls continue while a validation request is pending, each call may be a standalone violation.
- If calls continue after a written cease request, consult an attorney. Each call after AAG acknowledges your cease request is a potential separate violation.
How The Wood Firm PLLC Helps Stop Asset Acquisition Group Debt Harassment
When a client calls us about AAG, we evaluate the conduct against documented patterns from this type of debt buyer. AAG often lacks documentation proving a debt is valid and within the limitations period. We examine validation timing, call hours, third-party contact, and whether credit reporting or automated calls violated the FCRA or TCPA.
The moment we send AAG a notice of representation, all contact must redirect to our firm. We handle these cases on contingency, with no upfront fees, and if we win, AAG pays our attorney’s fees. Call The Wood Firm PLLC today at +1-844-638-1122.
Whether you owe the debt or not, you have options. Visit our contact page or call +1-844-638-1122 for a free case review. The Wood Firm PLLC handles these cases on contingency. If Asset Acquisition Group violated federal law, they pay our fees.
Frequently Asked Questions About Asset Acquisition Group
Is Asset Acquisition Group a Scam or a Legitimate Company
Asset Acquisition Group is a licensed debt collection entity with a documented history of collection litigation, but licensed does not mean every tactic it uses is legal. If you doubt the caller’s identity, request written correspondence bearing its full legal name before responding.
Can Asset Acquisition Group Garnish My Wages
No, not without first filing a lawsuit, winning a judgment, and obtaining a separate garnishment order. That process takes time and multiple legal steps. A threat of immediate garnishment before any judgment is entered may be a false representation under 15 U.S.C. § 1692e.
What Happens if I Ignore Asset Acquisition Group
Ignoring AAG carries real risk, since court records show this company does pursue consumers through litigation. An unanswered lawsuit can lead to a default judgment authorizing garnishment or bank levies. Verify the debt and confirm whether it is time-barred before deciding how to respond.
Can Asset Acquisition Group Contact My Family or Employer
No. Under 15 U.S.C. § 1692c(b), a collector may contact third parties only to locate you, never to disclose that it is collecting a debt. Contact that reveals your debt to relatives or coworkers may be an independent FDCPA violation.
How Old Does an Asset Acquisition Group Debt Have to Be to Escape Collection
The answer depends on your state’s statute of limitations, typically three to six years from the date of last account activity, not from when AAG purchased the debt. Do not make a payment or acknowledgment before confirming whether the debt is time-barred, since doing so may restart the clock.
What Should I Do if Asset Acquisition Group Calls About a Debt I Do Not Recognize
Request written validation immediately and pay nothing until you review it. AAG must provide the original creditor’s name, the claimed balance, and your dispute rights within 30 days of first contact. An unfamiliar debt may belong to someone else, result from identity theft, or already be resolved.
How Much Can I Recover if Asset Acquisition Group Violated My Rights
Under the FDCPA, you may recover up to $1,000 in statutory damages per lawsuit, plus actual damages, with attorney’s fees paid by AAG if we win. Illegal robocalls under the TCPA carry separate damages of $500 to $1,500 per call.
Is There a Deadline to Sue Asset Acquisition Group
Yes. FDCPA claims must be filed within one year of the violation, and that deadline cannot be extended once it passes. FCRA claims carry a two-year discovery period or five years from the violation, whichever comes first.
What to Do Next if Asset Acquisition Group Contacted You
You still have time to act, but the clock is already running on any FDCPA claim. Save every letter, voicemail, and text message you receive from AAG. Request written validation before making any payment or acknowledgment.
This article was reviewed for legal accuracy by Attorney Jeff Wood, Esq., founding attorney of The Wood Firm PLLC. Call The Wood Firm PLLC at +1-844-638-1122 for a free case review. We work on contingency, so you pay nothing unless we win.
Jeff Wood represents consumers exclusively, never creditors or collectors. He holds federal court admissions across nine districts, including all courts of AR, CO, NM, and TX. He practices from Little Rock, AR.
