When it comes to debt collection agencies, Asset Maximization Group is a new kid on the block. So, does this mean that they are legal, and upright in how they conduct business? That is what we will let you know, as it is important to know who you are dealing with. Here is what you need to know if you have been contacted by Asset Maximization Group about a debt, and how to defend yourself against their harassment.

What is Asset Maximization Group?

Asset Maximization Group Inc. is listed as a debt collections agency based out of New York. They are said to offer debt collection services to any and all people that need their help. They are said to serve the Metropolitan area of New York, and are headed by a Mr. T Neil Chan, who is listed as the president of the company.

Is Asset Maximization Group a legit Debt Collection Agency?

They are considered to be a legitimate debt collection agency. They were started in 2002, with their business file being opened in the Better Business Bureau database in 2007. They became accredited through the BBB in 2013, and have since been in operation for 17 years. They currently hold an A+ rating with the BBB, but have a 1 star out of 5 star average with one review on the BBB database.

Asset Maximization Group Contact Information

Address: PO Box 190191 S Richmond HI, NY 11419-0191

Website: Http://www.assetmax.net

Phone Number: 1-800-280-9770

Other Phone: 1-718-371-7000

Known Names: AssetMax

Does Asset Maximization Group have Complaints against them?

Asset maximization Group do have quite a few complaints made against them. Through the BBB database, there are 5 listed complaints that were closed within the last 3 years, with 1 being made within the last 12 months. They also have 1 customer review on the BBB database that rates them at 1 star out of 5 stars.

The Consumer Financial Protection Bureau’s Consumer Complaint Database shows 16 complaints matched to Asset Maximization Group as well.

What kind of Complaints have been made?

The complaints vary in issue and problem, but many center around the method of debt collection, as well as the amount that they attempted to collect on. The BBB database shows that all 5 of the complaints made are due to billing or collection issues. Indeed, the complaints made deal with the collection practices and methods being used that are illegal and predatory in nature. These include attempts at contacting family members, and giving false information while not authenticating the debts.

The CFPB’s CCD shows that the complaints made against Asset Maximization Group also deal with collection methods, as well as misinformation given by the debt collection agency that border on illegal practices. According to the complaints, many of the complaints state that the debts were already paid, or that the debts were not authorized for payments, and that the debt collection representatives attempted to utilize improper collection methods.

These methods that have been described above are dangerous and highly illegal if true. According to the Federal Debt Collection Practice Act, a debt collection agency or representative may not use the following when attempting to collect on a debt:

• Excessive calls/robocalls
• Threatening or abusive language
• Improper language or contact with family members/work place
• Misinformation or intentionally misguided information
• Threats of legal action and repercussions

Of those listed above, Asset Maximization Group has broken each of the Fair Debt Collection Practices Act’s (FDCPA) laws and guidelines. These put them in illegal territory, with their actions being labeled as illegal and being punishable by law. This is what is known as debt collection harassment, and should be reported to the proper authorities.

How can I protect myself and fight back against Asset Maximization Group?

There are many ways that you can protect yourself against the predatory nature of Asset Maximization Group. The first step is to ask for authentication of the debt in question. Authenticating a debt just means you verify that the debt is legitimate and that they are not trying to scam you. This can be done by asking the debt collection agency for a detailed report of the debt, or asking to get in contact with the original debt holder before paying the debt. You may also ask to verify the representative’s place of work, ensuring that you are not talking to a scammer just using the Asset Maximization Group’s name.

Once you have verified the debt, you can ask them to stop the calls and harassment. This is well within your right, and is covered by the FDCPA. If they do not comply, and continue to try to call and get in touch with you, you may have a legal case on your hands. It is best to then look to hire a knowledgeable and professional debt collection harassment attorney or lawyer. We here at the Law Office of Paul Mankin, APC are well-known for dealing with such cases, and have an excellent team ready to back you up. We can assist you in identifying the harassment, documenting it, and then reporting it to the proper authorities for good measure.

Not only can we help you to defend against harassment, we can also help to build a case, and assist you in understanding where the illegal collection patterns are for debt collectors. We are also able to help facilitate any communications or discussions between the parties, ensuring that nothing you say can be used against you.

The most important bit of information in your fight is to always remain vigilant. No matter who you have at your side, it can seem like a daunting battle against such a large company and agency. If you have ever been the subject of:

• Multiple calls per week from a third party collection agency
• Multiple calls in the early morning or late night from debt collectors.
• Violent and belligerent language and harassment from debt collectors.
• Threats of arrests or poor credit due to outstanding debts.
• Having your friends, family, and coworkers harassed from debt collectors.
• Automated robocalls from third party collection agencies.

Then you may have a case available. So do not wait, make sure to give us a call, and get started fighting back against the debt collection harassment.