Stop Asset Acquisition Group Debt Harassment

Asset Acquisition Group LLC (AAG) is a Denver-based debt buyer that purchases charged-off consumer accounts from original creditors and then pursues those balances directly. In our practice, the clients who call us about AAG frequently describe persistent calls, threats of legal action, and contact with family members that goes well beyond what federal law allows.

If you are receiving calls from (303) 694-0031 or (800) 742-3310, you may already have grounds for a federal claim under the FDCPA. Call +1-844-638-1122 now for a free case review with The Wood Firm PLLC.

Key Facts About Asset Acquisition Group

Who Is Asset Acquisition Group

Asset Acquisition Group LLC is a debt collection company based in Denver, Colorado, and it operates specifically as a debt buyer, which means it does not collect on behalf of original creditors. It purchases portfolios of charged-off accounts, often at a fraction of face value, and then pursues consumers for the full balance under its own name.

In our practice, clients who call us about AAG often have no memory of the original account and 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, and confirming which company is actually contacting you is an important first step before responding to any calls or letters.

Why Is Asset Acquisition Group Calling Me

Asset Acquisition Group is calling you because it has purchased a charged-off debt that is associated with your name and is now attempting to collect the balance. Because AAG buys old accounts, that debt may be years old, and consumers sometimes first learn about it when AAG calls out of nowhere or a collection entry appears on their credit report.

There are several specific 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 with the original creditor
• The debt may be time-barred under your state’s statute of limitations, meaning AAG cannot legally sue to collect it even though it is still calling
• According to consumer complaints reported through fair-debt-collection.com, AAG has allegedly contacted relatives and associates to locate consumers, which may explain why family members are being reached
• There may be a case of mistaken identity if your name or information resembles that of a prior account holder in their database

Clients who contact us about AAG frequently describe escalating call frequency that feels less like an attempt to resolve the account and more like pressure to pay without asking questions. That pressure, depending on how it is applied, may itself be a federal violation.

Has Asset Acquisition Group Filed Lawsuits Against Consumers

Yes. Court records confirm that Asset Acquisition Group LLC has filed lawsuits against consumers in multiple states, and the filings show a company that uses litigation as a direct collection tool. The cases below are drawn from publicly available court records:

• Asset Acquisition Group, LLC v. Bobbie Banks (Case A-12-669923-C): A civil lawsuit filed by AAG in Las Vegas, Nevada, to collect on an alleged consumer debt.
• Asset Acquisition Group, LLC v. David E. Murphy et ux (Case 06-2-01013-9): A judgment enforcement action filed in Whatcom County, Washington, in which AAG sought to collect on a prior court judgment.
• Asset Acquisition Group, LLC v. Nathaniel Mulkey Jr. (Case 0900694 CC): A legal action in Marion County, Florida, resulting in court registry balances, reflecting active debt recovery litigation.

In our firm’s experience, a debt buyer that files lawsuits must be taken seriously, but that does not make AAG immune from liability for how it conducts itself in the process of pursuing those debts.

How to Identify if an Asset Acquisition Group Is Calling You

If you are receiving calls from an unfamiliar number and suspect it may be AAG, the two numbers most commonly associated with this company are (303) 694-0031 and (800) 742-3310, both originating from the Denver area. Under the FDCPA, every debt collection call must include a disclosure that the caller is a debt collector and must identify the company by name.

If calls from either of those numbers do not include that disclosure, the omission is its own FDCPA violation independent of anything else said on the call.

Steps to confirm the caller and protect your position:

• Do not confirm or provide any personal information on an inbound call; ask for the company’s full legal name, mailing address, and the name of the original creditor in writing
• Search the number in consumer complaint databases such as 800notes.com or the CFPB complaint portal to find other reported experiences
• Document every contact: date, time, number on caller ID, name provided by the caller, and a summary of what was said
• Request written debt validation before engaging further; any legitimate collector must send this within five days of first contact under 15 U.S.C. § 1692g

In our firm’s experience, AAG voicemails sometimes fail to identify the caller as a debt collector attempting to collect a debt. That omission, repeated across multiple messages, can generate multiple standalone FDCPA claims.

What Tactics Does Asset Acquisition Group Use That May Violate Federal Law

In our practice, the complaint patterns we see 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. In our experience, clients report early morning and late evening calls from AAG, which are easy to document with phone records and create strong FDCPA exposure.

Contacting third parties about your debt. According to consumer complaints reported through fair-debt-collection.com, AAG has allegedly contacted relatives and associates of the consumers it is pursuing. Disclosing the existence of 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 the legal standing or genuine intent to do so violates the FDCPA’s prohibition on false or misleading representations under 15 U.S.C. § 1692e. If the debt is time-barred and AAG threatens a lawsuit anyway, that threat may be a standalone violation.

Failing to properly validate the debt. As a debt buyer collecting on secondhand accounts, AAG may not hold complete documentation proving the debt is valid, current, and accurately attributed to the right person. In our firm’s experience, consumers who push back with a written validation request often find that AAG’s records do not hold up.

Is the Debt Asset Acquisition Group Is Chasing Too Old to Collect

It may be. Because AAG buys old charged-off accounts, the statute of limitations on some of those debts may have expired before AAG ever contacts you. Every state sets its own limitations period, typically ranging from three to six years from the date of last account activity, and once that window closes, AAG cannot successfully sue you to collect the debt even though it may continue calling.

There are important warnings consumers must understand about time-barred debt:

• Making even a small payment on a time-barred debt can restart the statute of limitations in some states, giving AAG renewed legal standing to sue
• Verbally acknowledging the debt or promising to pay can have the same effect depending on your state’s law
• Time-barred debt can still appear on your credit report for up to seven years from the original delinquency date, which is separate from AAG’s ability to sue
• If AAG threatens to sue on a debt it knows or should know is time-barred, that threat may itself constitute a violation of 15 U.S.C. § 1692e

If you are unsure whether the debt AAG is pursuing falls inside or outside your state’s limitations period, do not make any payment or acknowledgment before speaking with a consumer protection attorney.

How to Respond to Asset Acquisition Group

The single most important first step when dealing with Asset Acquisition Group is to request written validation of the debt before making any payment, admission, or agreement. Everything that follows should be based on what that validation does or does not show.

1. Request debt validation in writing. Send a certified letter to AAG’s Denver address requesting the original creditor’s name, the claimed balance with a full breakdown, and documentation showing the chain of account ownership from the original creditor to AAG. If this request is made within 30 days of their first written contact, collection activity must stop until proper validation is provided.
2. Check your credit report. If a collection entry from AAG appears on your report, note the original delinquency date. That date controls when the entry must come off your report, and any manipulation of that date may support a separate FCRA claim.
3. Document every contact. If calls continue while a validation request is pending, each call may be a standalone FDCPA violation. The log you build now becomes evidence in any future claim.
4. If calls continue after a written cease request, consult an attorney. Each call received after AAG acknowledges your written cease request is a potential separate violation, and at that point the value of legal action may significantly exceed the value of the underlying debt.

Does Asset Acquisition Group Appear on Your Credit Report

Yes, it may. As a debt buyer, AAG can report collection accounts to Equifax, Experian, and TransUnion, and a collection entry can reduce your credit score by 50 to 100 points depending on your overall profile. That entry can remain on your report for up to seven years from the original delinquency date, not from the date AAG purchased the account, and that distinction matters when the date is reported incorrectly.

In our practice, the credit-related issues we examine most closely in AAG cases include:

• Whether the original delinquency date is accurate or has been extended to keep the account on your report longer than permitted
• Whether the balance reported includes unauthorized fees or interest not part of the original agreement
• Whether the same account is being reported inconsistently across the three bureaus
• Whether AAG continues to report the account as active after a consumer has formally disputed it

Any of these issues may support an FCRA claim that runs alongside, and is separate from, any FDCPA claim based on AAG’s collection conduct.

What Our Clients Say

How The Wood Firm PLLC Fights Asset Acquisition Group

We Know Asset Acquisition Group’s Specific Playbook

When a new client calls us about AAG, the first thing we do is evaluate the conduct against the documented patterns we have seen from this type of debt buyer. Because AAG purchases secondhand accounts, it often lacks the documentation to prove the debt is valid, accurately attributed, and within the limitations period. The violations we examine first include:

• Whether the validation notice was sent within five days of first contact and contained all legally required disclosures
• Whether calls were made outside the 8:00 AM to 9:00 PM window in the consumer’s time zone
• Whether any voicemail failed to identify the caller as a debt collector attempting to collect a debt
• Whether AAG contacted third parties and disclosed the existence of the debt without authorization
• Whether any threat of legal action was made on a debt that AAG knew or should have known was time-barred
• Whether credit reporting contains inaccurate dates, balances, or account status that violates the FCRA
• Whether automated calls were placed without prior express written consent, triggering TCPA liability

We Stop the Calls Within 48 Hours

The moment The Wood Firm PLLC sends a notice of representation to Asset Acquisition Group, all contact must be redirected to our firm. That single step, which happens at the start of our engagement, is often what clients describe as the most immediate relief. From that point forward, you do not speak with AAG, you do not respond to their correspondence, and you are no longer subject to collection pressure while your case is being built.

We Handle FDCPA, FCRA, and TCPA Claims

AAG’s conduct can trigger liability under three separate federal statutes, and we evaluate all three from the first call. The specific claims we examine in AAG cases include:

• FDCPA: Harassment, false representations, failure to validate, unauthorized third-party contact, threats of legal action on time-barred debt
• FCRA: Inaccurate credit reporting, failure to investigate consumer disputes, re-reporting deleted accounts, and manipulation of original delinquency dates
• TCPA: Automated or prerecorded calls to a cell phone without prior express written consent, with statutory damages of $500 to $1,500 per call

You Pay Nothing Unless We Win

The Wood Firm PLLC handles all consumer protection cases on a contingency basis with no upfront fees, no retainers, and no hourly billing. If we win your case, Asset Acquisition Group pays our attorney fees under the fee-shifting provisions of the FDCPA and FCRA. If we do not win, you owe us nothing.

About Attorney Jeff Wood

Jeff Wood founded The Wood Firm PLLC because he believes consumers facing debt collectors deserve the same quality of legal representation that large creditors routinely afford themselves. He is admitted to practice in federal courts and has spent more than 15 years working exclusively on the consumer side, which means he has never in his career represented a creditor, a debt buyer, or a collection agency.

That exclusive focus gives him a precise understanding of how companies like AAG operate and exactly where their practices most commonly cross legal lines. What drives him is not an abstract principle but the specific, practical relief that clients describe when the calls finally stop, and that outcome is what he works toward in every case.

Outside the courtroom, Jeff is a husband and father who chose this work because he has seen firsthand how predatory collection tactics upend the lives of people who are already struggling.

This article was reviewed for legal accuracy by Attorney Jeff Wood, Esq., founding attorney of The Wood Firm PLLC. Last reviewed: July 2025.

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, but licensed does not mean every tactic it uses is legal. It operates as a debt buyer out of Denver, Colorado, with a documented history of filing lawsuits against consumers in multiple states. If you are unsure whether the company calling you is actually AAG or a fraudulent impersonator, request written correspondence bearing their full legal name and address before responding.

Can Asset Acquisition Group garnish my wages?

Asset Acquisition Group cannot garnish your wages without first filing a lawsuit, winning a court judgment against you, and then obtaining a separate garnishment order from the court. That process takes time and involves multiple legal steps. If AAG is threatening immediate garnishment before any judgment has been entered, that threat may be a false representation in violation of 15 U.S.C. § 1692e.

What happens if I ignore Asset Acquisition Group

Ignoring AAG entirely carries real risk because, as court records show, this company does file lawsuits against consumers in multiple states. If a lawsuit is served and you do not respond, AAG may obtain a default judgment giving it authority to pursue garnishment and bank levies. The better course is to verify the debt, confirm whether it is time-barred, and speak with a consumer protection attorney before deciding how to respond.

Can Asset Acquisition Group contact my family or employer

No. Under 15 U.S.C. § 1692c(b), a debt collector may contact third parties only to locate you and may not disclose that it is attempting to collect a debt when making those contacts. If AAG has contacted relatives, coworkers, or your employer and revealed the existence of a debt, that contact may be an independent FDCPA violation regardless of whether the underlying debt is valid.

How old does a debt have to be before Asset Acquisition Group can no longer sue me

The answer depends on your state’s statute of limitations, typically three to six years from the date of last account activity, not from the date AAG purchased the debt. Because AAG acquires old accounts, the limitations period may have already closed before it ever contacts you. Do not make any payment or acknowledgment before confirming whether the debt is time-barred, as doing so may restart the clock in some states.

What should I do if Asset Acquisition Group is calling about a debt I do not recognize

Request written validation immediately and do not pay anything until that validation has been reviewed. AAG must provide the original creditor’s name, the claimed balance, and your right to dispute within 30 days of first contact. If the debt is unfamiliar, it may belong to someone else with a similar name, result from identity theft, or have already been paid and discharged by the original creditor.

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 for proven emotional distress or financial harm, with attorney fees paid by AAG if we win. If automated calls were placed to your cell phone without consent, TCPA damages range from $500 to $1,500 per call and are calculated separately from any FDCPA recovery.

Is there a deadline to sue Asset Acquisition Group

Yes. FDCPA claims must be filed within one year of the date the violation occurred, and that deadline cannot be extended once it passes. FCRA claims carry a two-year limitations period from the date you discovered the violation, or five years from the violation itself, whichever comes first. If you believe AAG has violated your rights, contact our firm promptly so we can evaluate your situation before any deadlines close.

The Wood Firm PLLC has spent more than 15 years representing consumers exclusively, never creditors, and when clients call us about Asset Acquisition Group we look specifically at the patterns most common with debt buyers: defective validation, third-party contact violations, threats on time-barred debt, and inaccurate credit reporting. We handle these cases on contingency, meaning you pay nothing unless we win, and if we do win, AAG pays our fees. Call +1-844-638-1122 today for a free review. FDCPA claims expire in one year and waiting costs you rights you cannot get back.