• Report: #344611

Complaint Review: LVNV Funding - Sherman Acquisitions - Ventus Capital - Weltman, Weinberg & Reis

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  • Submitted: Thu, June 26, 2008
  • Updated: Sat, March 06, 2010

  • Reported By:Cambridge Ohio
LVNV Funding - Sherman Acquisitions - Ventus Capital - Weltman, Weinberg & Reis
PO Box 10497 Greenville, South Carolina U.S.A.

LVNV Funding - Sherman Acquisitions - Ventus Capital - Weltman, Weinberg & Reis Absolute nightmare!! Greenville South Carolina

*Consumer Comment: Robert is an uninformed collector shill!

*Consumer Suggestion: You might reconsider getting married to him.

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Our situation is unique because this started before I got engaged to my fiance. This started back well over ten years ago. He had a credit card, so long ago can't remember who it was with. The company went bankrupt and the account was charged off. Then about 7-8 years after that he and his family started getting harassing phone calls all the time. He did set up an agreement to give them 4 post dated checks then they were to contact him after to make further arrangements. Two days after the fourth check cleared they called him screaming that he was trying to not pay because he didn't call them. They started the harassing phone calls again this time even calling him at work. The he moved from VT to OH in 2000 has not has any contact with these people since.

In August of 2006 he went to the ATM to get some money and it told him that he was over drawn by a couple hundred dollars, even though he had just gotten paid. The next day in the mail came a letter from the local Courthouse saying that his money had been garnished by a company called LVNV Funding LLC. Well he never questioned it because it was a court order. They would continue to take money an account that was in his name only (at this time he was married and they did have a jointed account) so he just left the account alone because he thought that was what the court paper said. This happened for about a year then nothing at all.

Just last week we deposited my unemployment check and rebate checks, went online paid some bills and then 2 days later went to check to see what had cleared. Low and behold our account was over drawn $1100. There was a debt memo attached to our account so we called the bank to find out what was going on. That was late Friday afternoon. The bank manager called us bank later that evening and told us that it was court ordered and all she could give us was a name and number. We have been playing phone tag with these people. In the mean time we have no money because they took a total of $1444.22 from us and when he got paid the next week all we had left from his check was $484. Now we have to figure out how we are going to eat, put gas in the truck for him to get to work, and everything else that we need. I really don't know what we are going to do if we can't borrow money from family so that he doesn't lose his job over this. Also bills that were supposed to be paid are now going to be late this is going to take us months to recover. We also live in fear that they can just come along anytime and take our money again. This account is both of our names. To think that just a couple of weeks ago I was planning our wedding and now we may have to delay it after picking the date and telling all our family and friends. Unfortunately because he did not know that he had any rights in this matter it has gotten to this point.

After some research we have come to find out that this company goes by five or six other names. I need to find out what our legal standing is? They also have been sued multiple times in the past few years. I looked up all the names that they go by and they all have bad BBB reports.

The company that they are using is Weltman, Weinberg & Reis Co., L.P.A. they are from Ohio
Here are few names that the agency goes by: and they are from SC
Lvnv Funding LLC
Ventus Capital Services
Sherman Acquisitions
Alegis Group
If you do a google on any of these names you might be suprised by what you find.
(((Redacted)))


(((Redacted)))
Cambridge, Ohio
U.S.A.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 06/26/2008 01:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/LVNV-Funding-Sherman-Acquisitions-Ventus-Capital-Weltman-Weinberg-Reis/Greenville-South-Carolina-29603/LVNV-Funding-Sherman-Acquisitions-Ventus-Capital-Weltman-Weinberg-Reis-Absolute-344611. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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#1 Consumer Comment

Robert is an uninformed collector shill!

AUTHOR: Lynda - (U.S.A.)

Actually, my collector darling, LVNV is NOT ENTITLED to any funds in  a joint account with the fiancee, especially when those funds come from an UNEMPLOYMENT CHECK!  UNEMPLOYMENT CHECKS, BY LAW, ARE NOT GARNISHABLE EXCEPT FOR TAXES AND CHILD SUPPORT!  THIS WAS A FUCKING CREDITCARD, THEREFORE THE CHECK WAS NOT SEIZABLE.


In addition, unless the OP lives in a community property state, she is NOT RESPONSIBLE FOR HIS DEBTS PRIOR TO OR AFTER MARRIAGE UNLESS THE ACCOUNT IS JOINTLY OWNED!!!!!  From what the OP indicates.the account is his and his alone.  That means he is responsible,not her.  Seizing her unemployment check is a violation of the law. The OP should sue their lousy asses off for the money they stole (yes, stole since she is not legally responsible!) and for any fees she incurs as a result.


Also, LVNV Funding are a bunch of unethical bastards that think nothing of stealing debtors' money and abusing them verbally.  During the summer of 2006, they called my husband's cell pbone after 9pm, while he was in his therapist's office, and screamedat him so loud she could hear him clearly.  When she calmly asked them to stop yelling at her,this bottom feeding lowlife scumbag yelled at her too!


I can't believe you are defending thses disgusting people from LVNV that should be retroactive abortions!

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#2 Consumer Suggestion

You might reconsider getting married to him.

AUTHOR: Robert - (U.S.A.)

Seems he doesn't keep an eye on his finances, so I'd put off the wedding until such time as he get's his financial house in order (if he ever does.)

If you "damn the torpedoes" set on marrying this guy you should consider the following:

1. pre-neptual agreement. What is his is his, and more importantly for you is what is yours is yours.

2. SEPARATE BANK ACCOUNTS. I would not mingle my funds with his-not after this nonsense. He has a money judgment against him, and HE KNEW IT.

Good luck, if you marry this guy I think you're gonna need it.
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