Asset Acceptance Info & Dispute Guide

Who is Asset Acceptance

Asset Acceptance, LLC is a debt collection agency, part of Encore Capital Group, with debts serviced by Midland Credit Management. Our Asset Acceptance info & dispute guide has their contact info and more.

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What to do

While debt collectors play an important role in the financial system, they are not your friends. It is important to be aware of your rights. Click here to find out what you can do.

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Dispute Now

They are calling the wrong person. You already paid your debt off. There are a million valid reasons to dispute a debt. Look no further to start filing disputes starting with the actual company that is calling you.

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Who Is Asset Acceptance

Asset Acceptance, LLC is a debt collector that purchases defaulted loans from banks and other lenders. The company then collects the debt from borrowers using a variety of methods, including phone calls, letters, and in-person visits. Asset Acceptance, LLC was founded in 1962 and is headquartered in Warren, Michigan. The company is a subsidiary of Encore Capital Group, Inc., which is one of the largest debt collection companies in the United States.

In 2022, Asset Acceptance, LLC partnered with Midland Credit Management (MCM) to service its accounts. This means that if you have an account that was owned and serviced by Asset Acceptance, you now need to reach out to MCM regarding your account. You can reach MCM by calling them at (800) 296-2657.

Read our Encore and Midland pages for more information about these companies.

What To Do If Contacted By Asset Acceptance

While debt collectors play an important role in the financial system, they are not your friends. They are not there to help you. Collectors collect money for their clients, and do whatever it takes to get the job done.

If you are contacted by a debt collector, it is important to be aware of your rights. You have the right to:

  • Verify the debt: Debt collectors are required to provide you with certain information about the debt. This includes the original creditor, the amount of the debt, and the date it was due. If you are not sure if the debt is legitimate, you can ask the debt collector for proof of the debt.
  • Dispute the debt: If you believe that the debt is not yours, or that you have already paid it, you can dispute it with the debt collector. You will need to provide documentation to support your claim.
  • Make a payment arrangement: If you cannot afford to pay the debt in full, you can try to work out a payment arrangement with the debt collector. This may involve making smaller payments over a longer period of time.
  • Be treated fairly: Debt collectors are prohibited from engaging in certain harassing or abusive practices, such as calling you at unreasonable hours, threatening you with violence or arrest, or lying to you about the debt.

Complaints can be filed with the Consumer Financial Protection Bureau (CFPB).

How To Dispute Your Debt

You must have a valid reason to dispute your debt for a chance at success. If you feel you have a valid reason and some proof to back up your dispute then proceed.

File a dispute with Asset Acceptance
Asset Acceptance ‘s debts are serviced by Midland Credit Management. Midland has a very nice online dispute center.
File a dispute with the major credit bureaus
You may want to go straight to the credit bureaus to dispute your debt. (Asset Acceptance credit report dispute)
File a complaint with the CFPB & BBB
In rare situations, you need to escalate the situation. CFPB Complaint Center & BBB Complaint Center.

Asset Acceptance, LLC Contact (Midland Credit Management)

Midland Credit Management
P.O. Box 939069
San DiegoCalifornia 92193

Phone Number: (800) 296-2657