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Archive for 'Asset Acceptance'
Consumers Warned to Brace for New Efforts by Debt Collector As Encore Capital Group Acquires Asset Acceptance
Before announcing its acquisition today of Asset Acceptance, Encore Capital Group (aka “Midland Funding”, “Midland Credit Management” and “MCM”) boasted that it has one out of every nine collection “accounts”. In the $200 million purchase of Asset Acceptance, Encore is...
Read MoreAsset Acceptance Pays Big for Debt Collection Methods
In what is sure to be considered a major victory for consumers everywhere, the FTC this week ordered Asset Acceptance to pay $2.5 Million in fines. Asset is one of the largest debt collectors / debt buyers in the country. The fines...
Read MoreDebt Collectors Face a Hazard of Writers Cramp
When Michael Gazzarato took a job that required him to sign hundreds of affidavits in a single day, he had one demand for his employer: a much better pen. “They tried to get me to do it with a Bic,...
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