ED Magedson – Founder
Nelson, Watson,& Associates, Resurgent Capital Services, PYOD LLC, The Sherman CompaniesPO Box 19008 Greenville, South Carolina United States of America
A Chapter 7 Bankruptcy was filed in June 2009. A credit card account by Citicorp had been settled out of court showing a balance of $2000.00 as the settlement figure. Payments were made against that balance and reducing the amount outstanding to $1400.00. Citicorp sold this account to PYOD, LLC, a/k/a Resurgent Capital Services and Resurgent Capital Services then filed a Proof of Claim against the bankruptcy for $6,173.54, five times greater than the amount the account had been settled for. Since there is a court order showing the account is settled thereby closing the account. Citicorp sold this account to Resurgent knowing or should have known they could not sell this account and attempt to collect twice on the same account.
This is a bogus Proof of Claim against the Chapter 7 bankruptcy. I filed a complaint with the Attorney Generals office for my state, they contacted Resurgent Capital Services and Resurgent then withdrew their claim as having been filed 'in error'. This is another attempt by this company that operates under several different names attempting to collect debts by filing bogus claims against someones misfortune. Then, Resurgent Capital Services sold this account back to Citicorp who, after being contacted by the attorney generals office about the situation, sent another letter in response stating they 'strongly urge' the debtor to contact their office and make payment arrangements. This is a settled claim by Court Order. Obviously the left hand does not know what the right hand is doing at Citicorp.
This report was posted on Ripoff Report on 12/31/2009 07:33 PM and is a permanent record located here: http://www.ripoffreport.com/r/Nelson-Watson-Associates-Resurgent-Capital-Services-PYOD-LLC-The-Sherman-Companies/Greenville-South-Carolina-29602/Nelson-Watson-Associates-Resurgent-Capital-Services-PYOD-LLC-The-Sherman-Companies--548271. 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.
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