Dispute Asset Acceptance Capital in Cedar Rapids, IA
Cedar Rapids residents being contacted by Asset Acceptance Capital can fight back using FDCPA Section 1692g and Iowa consumer protection laws. Known violations include purchasing stale debts, suing without documentation, inaccurate affidavits. Iowa's Consumer Fraud Act (§ 714.16) allows the AG to seek restitution on behalf of consumers.
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Asset Acceptance buys very old debts at deep discounts2
FTC obtained $2.5M judgment against them for violations3
Demand proof of assignment and original agreement