Asset Maximization Group, Inc. or AMG is a third-party collection agency based in New York. AMG has received consumer complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA), including failure to verify debts and attempting to collect debts not owed. If you have been contacted by AMG, make sure you understand your rights before responding.
The harassing company pays our fees.
They’re legit. According to the Better Business Bureau (BBB), Asset Maximization Group, Inc. or AssetMax was founded and incorporated in 2002. The BBB established a profile page for AMG in 2007. AMG is listed as a collection agency that uses the alternate business name, AssetMax. Buzzfile estimates AssetMax’s annual revenue at $1.5 million and the size of its headquarters staff at 15 employees.
According to its website, AMG’s “collection technique is designed to meet the needs of each of their clients individually…with collectors who are professional, aggressive, and persistent, while at the same time courteous and respectful to consumers.”
AMG is a full-service collection agency. Their services include skip tracing; litigation services; credit reporting; client web access to view account status, payments, and run reports; and contingency-based pricing.
AssetMax collects delinquent accounts for a variety of businesses and industries, including healthcare and medical service providers; credit card lenders; telecommunication debts; judgments; car rentals; personal and student loans; and commercial corporations.
AMG states that it “complies with all federal and state laws including FDCPA/FCRA/HIPAA.” However, their website does not include a page with links and references to consumer protection resources, laws, or enforcement agencies.
Who are we? We are Lemberg Law, a Consumer Law Firm
Lemberg Law is a consumer law firm helping victims of collection harassment and abuse. We are ranked A+ by the BBB. We’ve helped more than 15,000 consumers stop harassment and recover money from debt collectors. Harassed? Abused? Misled by a collector? Call our Helpline today! There is no charge unless we win.
The BBB has closed 5 complaints against Asset Maximization Group in the preceding 3 years, with 3 complaints closed in the past 12 months. All of those complaints alleged problems with billing and collections. Since February 2016, the Consumer Financial Protection Bureau (CFPB) has closed 6 complaints against AMG. Justia lists at least 2 cases of civil litigation involving AMG.
Asset Maximization Group, Inc.
PO Box 190191
S. Richmond Hill, NY 11419-0191
Telephone: (800) 280-9770
Website: http://www.assetmax.net/
It is illegal for a debt collector to make empty threats to sue you or garnish your wages. It is also unlikely AssetMax would sue you for a debt you may not owe or they cannot validate. However, debt collection agencies are known to have summoned debtors to court and garnish wages after a default judgement. Contacting an attorney BEFORE this could possibly happen would be a smart move. We’ve helped thousands of consumers fight back against unscrupulous debt collection harassers. Find out if we can help you too today!
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Unlawful Debt Harassment? Learn the Law & Sue the Collector.
Absolutely. You can sue a debt collector. Here is a Sample Complaint:
Complaints against Asset Maximization Group commonly cite problems resulting from disputes about the validity of debts and the accuracy of information reported to the credit reporting agencies. In September 2015, a complainant indicated that AMG had “entered a false claim against…her credit report.” The complainant allegedly disputed the debt, and when AMG “learned that the hospital was paid from the insurance provider…and that the hospital kept the reimbursement fees for the physician, they did not want to discuss removing the false claim from…her credit report.” She requested that AMG “explain that they posted a false claim” after confirming that the debt was not owed. In response, AMG stated that the account was originally placed “for collections in December 2011.” AMG mailed the initial collection notice, and the complainant “responded by phone…in February 2012, asking for a copy of the bill for review.” AMG stated that they “mailed her validation… of the debt the following day…and made several follow up phone calls.” The complainant responded by telling AMG that she would contact her insurance carrier and get back to them. AMG claimed that they did not hear anything further until August 2015, when the complainant again stated that she would be contacting her insurance carrier. Subsequently, the insurance carrier contacted AMG, and “the representative told…them that he would be sending…them a denial that shows NO member responsibility.” The denial letter from the insurance carrier confirming that there was no member liability arrived at AMG’s office, also in August 2015. AMG then contacted the complainant and “advised her that they are closing the account and will be deleting this off her credit report based on the denial from her insurance carrier.” AMG stated that they “emailed her a confirmation letter… and that …at this time this matter is closed with deletion from her credit report and no member responsibility.”
In May 2016, a complainant indicated AMG had “fraudulently reported an amount of $84… to…his credit report from a year ago.” He claimed never to have received any verbal or written correspondence from AMG regarding the debt. Asset Maximization Group responded by stating that they had sent two notices to the complainant that were not returned as undeliverable. They stated that they would send validation and instructed the complainant to contact their office with questions.
Federal laws protect you. The Fair Debt Collections Practices Act (FDCPA) regulates the behavior of collection agencies by prohibiting actions such as the use of abusive or threatening language; harassment; or the use of false or misleading information to collect a debt. The FCRA regulates how collection agencies and creditors report delinquent debts to credit reporting agencies. Additional consumer protection laws include the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
Yes. If you want to enforce your rights, or recover money for violations — you need to sue. Federal laws provide individuals like you with a means to seek monetary damages in court. For example, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs.
You may have a case, if…
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“I was almost going nuts receiving calls every afternoon from a person using profane language to push me to pay debts I don’t owe. Someone I trust referred me to Lemberg Law, and I don’t regret having contacted them. The attorneys were very kind and always available when I needed them.”
“Thank you for standing with me Lemberg Law. I was so afraid I could lose my job because of a caller who called my job number 4 hours straight back to back. He not only harassed and threatened me but also abused workmates who received the call when I wasn’t around. Since I solicited for your services, I’ve had a peace of mind, and I’m happy because of the few dollars I got as a settlement.”
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Sergei Lemberg is an attorney focusing on consumer law, class actions related to automotive issues, and personal injury litigation. With nearly two decades of experience, his areas of practice include Lemon Law (vehicle defects), Debt Collection Harassment, TCPA (illegal robocalls and texts), Fair Credit Reporting Act, Overtime claims, Personal Injury cases, and Class Actions. He has consistently been recognized as the nation's "most active consumer attorney." In 2020, Mr. Lemberg represented Noah Duguid before the United States Supreme Court in the landmark case Duguid v. Facebook. He is also the author of "Defanging Debt Collectors," a guide that empowers consumers to fight back against debt collectors and prevail, as well as "Lemon Law 101: The Laws That Lemon Dealers Don't Want You to Know."
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