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Asset Acceptance Letters on OOS debt
CG in TX posted a topic in Credit ForumI received two letters yesterday from Asset Acceptance. Both were settlement offers on old Providian Bank cards that are at least 14 years from DOFD. Asset Acceptance was subject to a FTC settlement in January 2012 that requires them to disclose that a debt is time-barred if in fact it is. There is no such disclosure in these letters. My question is this: Is there a right to private action against Asset Acceptance for a violation of the FTC settlement? Here is the link to the settlement: http://www.ftc.gov/opa/2012/01/asset.shtm