Acquired Assets, Ltd. is a debt collection agency founded in 2002 by manager, Mark D. Slagle, and has approximately eight employees.
Rancho Dominguez, California
(312) 212-0400 (phone)
Acquired Assets, Ltd. currently has 24 CFPB complaints on file and has a litigation history. Notably, the collector was sued in Georgia for collections actions taken in 2010, including failing to identify itself a debt collector in all communications and for using false, deceptive, and misleading means to collect a debt. The alleged allegations, if true, are violations of the Fair Debt Collection Practices Act and the California Fair Debt Collection Practices Act.
Consumer complaints against Acquired Assets, Ltd. generally include the following consumer grievances that violate the Fair Debt Collection Practices Act: continued attempts to collect debt not owed; threatening to take legal action; improper contact or sharing of info (talked to a third party about a debt); not giving enough info to verify debt; not disclosing communication as an attempt to collect a debt; threatening or suggesting your credit would be damaged; and attempting to collect on debt already paid.
It is against federal debt collection regulations to engage in certain annoying and unkind acts in furtherance of pursuing repayment of a debt, including: calling before 8:00AM or after 9:00PM, calling repeatedly or even just a few times per week (no matter how many different phone numbers they use), calling your place of work if you are not permitted personal calls, calling you after you have made an unmistakable request for them to stop calling, using profanity or other threatening language, and other intimidating actions. It is also unlawful for collectors to misrepresents who they are and what the purpose of their communication is, as well as for them to attempt collection on an amount more than you owe or to collect from someone who is not legally responsible for the debt. These actions, each and all, amount to collector harassment, and you have the right to be free of this behavior.
To learn more about how the federal government regulates debt collection and protects debtors and other individuals from collector harassment, see FTC Debt Collection pamphlet. More information regarding complaints regarding California-based collectors can be found at https://oag.ca.gov/consumers/general/debt-collectors. Complaints regarding a collector in any state may be filed with the Federal Trade Commission at www.ftc.gov or (877) FTC-HELP (877-382-4357), and complaints regarding any collector or other business can be made at BBB complaints.
If you believe you have a claim for collector harassment or are a victim of another violation of state or federal debtor's rights, you should speak with a consumer rights attorney or debt collection harassment attorney immediately. Contact us today to discuss your matter and see how we can help at no cost to you.