Asset Acceptance Violated FDCPA By Adding Interest to Charged-Off Accounts

Asset Acceptance LLC violated the Fair Debt Collection Practices Act when it attempted to collect interest that Asset had added to charged-off accounts that the original creditors had waived, according to an Aug. 7 opinion from the U.S. District Court for the Eastern District of Michigan (McDonald v. Asset Acceptance LLC, E.D. Mich., 2:11-cv-13080-MOB-MAR, 8/7/13).

Judge Marianne O. Battani saw misrepresentation of the amount of a debt where the original creditor had manifestly waived the right to charge interest to the charged-off accounts and Asset Acceptance then added interest to its dunning attempts all the way back ...