Specifically for Asset Acceptance Capital collecting auto loan debt in Denver, CO
Send a cease-and-desist letter under FDCPA § 1692c to legally stop all collector communications. This guide is tailored to residents of Denver dealing with Asset Acceptance Capital, one of the most-complained-about debt collectors for auto loan debt accounts. In Colorado, the statute of limitations is 6 years and wage garnishment is capped at 25% or amount exceeding 40x federal min wage.
6 years
Colorado SOL on Auto Loan Debt
$23,792
Average Auto Loan Debt
25% or amount exceeding 40x
Garnishment Limit
Asset Acceptance Capital has a documented pattern of FDCPA violations. If any of these happen to you, document them immediately and file a CFPB complaint.
These steps apply directly to your situation as a Denver resident dealing with Asset Acceptance Capital.
Under FDCPA, collectors cannot call before 8am or after 9pm, call your workplace if told not to, contact third parties about your debt, use abusive language, or threaten actions they don't intend to take.
Before sending a cease-and-desist, log each call with date, time, phone number, and what was said. This record is evidence if you need to sue for FDCPA violations later.
Your letter needs only one thing: a clear statement invoking your right under 15 USC § 1692c to cease all communication. Send it via certified mail with return receipt to the exact name and address on the collector's correspondence.
Once they receive your letter, collectors may only contact you to confirm they will stop, or to notify you of specific action like a lawsuit. If they call again, each call is an FDCPA violation worth up to $1,000.
Log any contacts after your cease-and-desist was received. If violations occur, you can sue in federal court within one year for $1,000 per violation plus actual damages and attorney fees.
These strategies are specific to auto loan debt — the type of debt Asset Acceptance Capital is collecting from Denver residents.
Colorado Fair Debt Collection Practices Act governs debt collection in Colorado. File complaints with: AG Consumer Protection.
In Colorado, wage garnishment is limited to 25% or amount exceeding 40x federal min wage. Income sources protected from garnishment include: Social Security, Workers' comp, Unemployment, Pension. Asset Acceptance Capital must first obtain a court judgment before any garnishment can begin.
The statute of limitations for auto loan debt in Colorado is 6 years. After this period expires, Asset Acceptance Capital cannot win a lawsuit on the debt if you raise the SOL as a defense in your Answer. Never ignore a lawsuit even on time-barred debt.
Known violations by Asset Acceptance Capital include: Purchasing and suing on time-barred debts; Inflating debt amounts beyond original balance; Failing to produce original credit agreements. Document any violations immediately and file a complaint at consumerfinance.gov/complaint.
To dispute auto loan debt with Asset Acceptance Capital: send a written validation request via certified mail within 30 days of first contact, demand the original creditor name, full chain of assignment, and original signed agreement. Start with: challenge deficiency balance after repossession.
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