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Report: #89315

Complaint Review: Sherman Acquisitions, II LP - Houston Texas

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  • Reported By: Garden CIty Kansas
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  • Sherman Acquisitions, II LP Po Box 740281 Houston, Texas U.S.A.

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We have a company Sherman Acquisitions, LLP P.O. Box 740281 Houston, TX 77274, that has attached itself to us stating that we owe them $1000 something dollars for a bad debt account from Home Depot.

They had already sent this to the Credit Reporting Agency's (CRA's) when we were first contacted. We did have an account with Home Depot, and I told them this, but we paid it off. I gave them the information and they said the account numbers did not match and the date the account was opened is different. They are stating it was opened in 1997, when my husband opened his in 2000. I have all the paperwork, receipts, and payments of the account we know about, but nothing that we do not know. I sent this company a certified letter stating that I needed 'validation' that this is our account.

I asked for proof like a credit application or receipts with some type of signature or purchases that were made. They stated in order to do that they would have to get an attorney involved. After they received my certified letter they sent me a letter that they would investigate it. I called a month later and they said the information was removed from the credit report as of 3/1/04. As of 4/27/04 it is still there.

I called again today 4/28/04 and they stated they would not remove it until they could prove that it was not our account. I asked could they prove it is??? Anyway they said it could take anywhere from 3 months to a year to investigate and it would remain until the final review came out. My question is can they do this? I found some information on the FTC website that a company does that fraudulently then they could be sued for up to $1000 plus legal fees.

All I wanted at first was for them to get me proof, which I believe they cannot find and to get rid of it. I have spent a lot of time investigating what to do and it seems that I have come to an end.

Another important part of this is that when they called they had an El Paso, TX address and an employer that we have never heard of. This information is now on my husband's credit report as well. I believe they had the wrong person and we were just easy to find. The KS credit Bureau said that companies that purchase this type of bad debt usually do not have all the information, but do have access to the CRA's so they can look up all the people with this name and get a number of someone that is easy to find.

They did state at first we were hard to find. (Probably because they were looking for the other Stephen Rankin). I had also asked the CRA's to launch an investigation along with the letter that I sent this company, but each one called this company and asked if it was there account, they said yes, and said the investigation was done.

We are trying to refinance our home, but this is showing up as a collection account over 120 days. What is my next step? I am thinking of obtaining legal counsel, but it is only $1000 or so (they are adding interest and late charges to it) but I do not want to give them the money. At this point I have spent a lot of time I want something done so they cannot do this to other people, which they evidently can. I found a letter to this company of a Texas Credit Bureau website for the exact same reason I am disputing. Coincidence??

Stefanie
Garden CIty, Kansas
U.S.A.

This report was posted on Ripoff Report on 04/28/2004 09:04 AM and is a permanent record located here: https://www.ripoffreport.com/reports/sherman-acquisitions-ii-lp/houston-texas-77274/sherman-acquisitions-ii-lp-ripoff-noncmpliant-no-proof-of-anything-rip-off-houston-texas-89315. 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. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
13Consumer
0Employee/Owner

#13 Consumer Suggestion

Corporate/Contact info for Sherman/LVNV/Resurgent

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

POSTED: Sunday, April 30, 2006

Agency Details

LVNV Funding, LLC,

DBA/ Resurgent Capital Services, LP

Dba/ Alegis Group, LLC

Aka/ Sherman Financial Group, LLC

Fka/ Sherman Acquisitions

Aka/Ventus Capital Services



Addresses:

Bank of America Building

200 Meeting St., Suite #206

Charleston, SC 29401-3187



15 South Main Street, #600

Greenville, SC 29601



Phone: 888-665-0374-864-678-8421

Fax: 888-546-7697- 864-370-4998

(Phones ring at Resurgent Capital, Greenville, SC)



Websites:

http://www.lvnvfunding.com/

http://www.rcap.com/

http://www.resurgent.com/

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#12 Consumer Suggestion

Standard rules when dealing with collectors...

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

POSTED: Saturday, April 29, 2006

Never speak to them on the phone! NO EXCEPTIONS!

NEVER give them ANY personal information. They attempt to "verify" your information with you when they really don't have it at all. They are fishing.

Immediately send a DEBT Validation request by certified mail, return reciept requested., Demand to see whatever you allegedly signed to create the debt, as well as an account history.

DEMAND that all correspondence be in writing only, and send this CEASE COMMUNICATIONS request as per your rights under the FDCPA by certified mail, return reciept requested.

By the same means above, dispute to all credit bureaus, and as per your rights under the FCRA DEMAND to see the ACTUAL verification and the name of the person who provided it. This is your right and you do NOT have to just accept the CB saying it has been "verified".

Change your phone# to an unlisted one. You can do this for FREE if you just tell the phone company that you are getting harrassing calls from an UNKNOWN party.

Always file suit against a collector on the first violation of your rights. Send them only one notice. Then file suit. Contact the NACA / Budhibbs.com for help with this.

File FTC complaints on each violation separately at FTC.gov. Enforcement by the FTC is initiated by a certain # of complaints.

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#11 Consumer Comment

Illegal Re-aging is also Sherman Tactic

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

POSTED: Friday, April 28, 2006

in the past 2 months, we have noted on our credit report that a disputed and fraudulent account has been purchased by Sherman Acquisitions,a nd has then been illegally reaged by them. only 1 of the 3 credit reporting agencies has since corrected the illegal action, with the other 2 ignoring it. A sherman representative has been constantly, at all times of day and night, calling to harass my new wife, when my ex-wife was the thief who caused this debt, said representative of sherman being rude and cursing my current wife. i have not in any way acknowledged this, as the account is and will remain in dispute in court until my ex wife is forced to repay the money, $67,000 she stole from me by credit fraud, and sherman will not see any of it from me, as i did not create this debt. If sherman wishes to continue doing business, they will also relent from cursing my wife on the phone, and calling after 10pm at night or before 8am, both weekdays and weekends.

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#10 Consumer Comment

Get Yourself Over To AOC

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

POSTED: Thursday, August 25, 2005

Disregard what the "collector" says. ArtofCredit and CreditBoards do NOT teach you to avoid paying your bills. They teach you to take care of items such as this - a collection that doesn't even belong to you. You are in Kansas. Make sure you report this to the Attorney General's office and the FTC. Good luck.

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#9 Consumer Comment

Response to the above comments

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

POSTED: Wednesday, August 24, 2005

Recently I began reading several pro-consumer boards like the ones mentioned above (artofcredit, creditboards).

It's a shame that the above poster has taken it about her/himself to spam those boards and rip off report with baseless comments about being deadbeats. Check out the websites they listed, especially artofcredit.com Look at the kind of posts they make and judge for yourself if the above poster comes across as an honest and believable individual.

I too am the victim of collection agencies placing fraudulent accounts on my file.

Have the same name as someone in the county we are looking for? It MUST be you.

The credit reporting agencies are not for the people they are reporting about. The companies that report to them PAY for that service. The agency takes their word over yours and ignore much of the proof that you send them. Money talks as the saying goes.

Sherman Acquisitions is one of the worst of the worst. The Enron of collection agencies. Even when you catch them with a fraudulent report on your file, they change names to one of their many affiliated companies and re report the information.

Anyone who wants to check out the veracity of the above poster's claims, go to creditboards.com or artofcredit.com and see for yourself. No one is advocating not paying what you owe, but holding someone to a standard of proving it.

I could send a letter to your house and say you owe me $5,000. Would you just up and pay it, or would you want to know what its about?

It's very common for someone to have defaulted on some obligation for a couple hundred dollars, and get a letter about it claiming thousands are owed now. A smart person would want to know what all that extra money came from and if they were allowed to charge it legally right?

That's the kind of information that is posted to those types of boards. You have rights. Know them and use them. Just because someone says you owe them money, doesn't make it true. Exercise your rights and if they can come up with proof you owe that amount, you pay it. Simple as that. Nothing deadbeat or fraudulent about it.

The problem is, collection agencies like Sherman constantly violate your rights. It would be like the police busting in your door without a warrant and not giving you your miranda rights. We all know those basic rights. Know your rights as a consumer also.

Those over at artofcredit.com are more of a lawsuit oriented mindset. The detail and research there is staggering at times. Yet, they are always reminding you that they are NOT lawyers and to not take any advice as 100% truth. Most, if not all of their research can be independently verified. That's the great thing about the US legal system. Court decisions are saved and kept in law libraries that can even be accessed on-line. When someone posts caselaw that is beneficial to a consumer, you can check their work.

Unfortunately, the above poster was probably the defendant in a lawsuit and was ordered to pay money for the violations of someone's rights. His/her mindset is always "you are deadbeats and we NEVER make mistakes". What did you learn in elementary school about saying never or always?

The internet has allowed thousands of us to meet and share information at the click of a mouse when before we may have felt isolated in our situations. Check out creditboards.com or artofcredit.com and see there are people being defrauded just like you and how to protect yourself from their criminal activitity.

If the above poster wants to post derogatory remarks about me and call me a deadbeat without knowing me, go right ahead, I have no intention of wasting my time with a rebuttal.

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#8 Consumer Comment

Art of Credit forums teaches how to be a better deadbeat.

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

POSTED: Tuesday, February 08, 2005

Art of Credit is a message forum for deadbeats only.
It will teach you how to be a better deadbeat and how to avoid your responsibilities to those you owe.

Creditnet and creditboards is more of the same.

Stephen is really Stephen Katz also known as flyingifr and Dr. Tax and by several other alias names. He tells the truth when he says he tells people to file lawsuits on creditors and debt collectors but he never tells you how to do it.

The moderators at art of credit are rude and obnoxious and will ban you and delete your posts if you disagree with them in any way.

Be a responsible human being and not a deadbeat. If you can't pay your bills then do the honorable thing and try to work things out with your creditors or debt collectors and if you can't do that then at least go file bankruptcy.

But don't follow the advice of deadbeats like Stephan. It will only lead you to grief.

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#7 Consumer Suggestion

How to deal with Sherman

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

POSTED: Monday, August 02, 2004

I had the same problem with these idiots in January 2001. I had to actually sue them to get them to listen to me.

Here's what you do:

1. E-mail Sherman's Chief Executive Officer Kevin brannigan (kbrannigan@shermfin.com) and cc it to their Corporate Counsel Scott Silver (scott@shermfin.com). Tell them you intend to file suit against Sherman and taht since you are in the process of refinancing your Mortgage, the provable damages will be considerable.

2. Gove Kevin and Scott a phone number they can contact you at. BTW, Sherman's Executive Offices are in New York City, so if you are dealing with people in Texas or South Carolina you are dealing with low level flunkies.

3. If you don't get a response in 15 days, file suit. You can sue Sherman in your local Courts under the Kansas Long Arm Statutes.

They paid me $1000 as a result of doing teh same thing to me. There are several good consumer credit sites on the web. One is Creditnet and another is Artofcredit. Both are free and give excellent advice. Artofcredit is littered with threads about Sherman.

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#6 Consumer Suggestion

How to deal with Sherman

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

POSTED: Monday, August 02, 2004

I had the same problem with these idiots in January 2001. I had to actually sue them to get them to listen to me.

Here's what you do:

1. E-mail Sherman's Chief Executive Officer Kevin brannigan (kbrannigan@shermfin.com) and cc it to their Corporate Counsel Scott Silver (scott@shermfin.com). Tell them you intend to file suit against Sherman and taht since you are in the process of refinancing your Mortgage, the provable damages will be considerable.

2. Gove Kevin and Scott a phone number they can contact you at. BTW, Sherman's Executive Offices are in New York City, so if you are dealing with people in Texas or South Carolina you are dealing with low level flunkies.

3. If you don't get a response in 15 days, file suit. You can sue Sherman in your local Courts under the Kansas Long Arm Statutes.

They paid me $1000 as a result of doing teh same thing to me. There are several good consumer credit sites on the web. One is Creditnet and another is Artofcredit. Both are free and give excellent advice. Artofcredit is littered with threads about Sherman.

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#5 Consumer Suggestion

How to deal with Sherman

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

POSTED: Monday, August 02, 2004

I had the same problem with these idiots in January 2001. I had to actually sue them to get them to listen to me.

Here's what you do:

1. E-mail Sherman's Chief Executive Officer Kevin brannigan (kbrannigan@shermfin.com) and cc it to their Corporate Counsel Scott Silver (scott@shermfin.com). Tell them you intend to file suit against Sherman and taht since you are in the process of refinancing your Mortgage, the provable damages will be considerable.

2. Gove Kevin and Scott a phone number they can contact you at. BTW, Sherman's Executive Offices are in New York City, so if you are dealing with people in Texas or South Carolina you are dealing with low level flunkies.

3. If you don't get a response in 15 days, file suit. You can sue Sherman in your local Courts under the Kansas Long Arm Statutes.

They paid me $1000 as a result of doing teh same thing to me. There are several good consumer credit sites on the web. One is Creditnet and another is Artofcredit. Both are free and give excellent advice. Artofcredit is littered with threads about Sherman.

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#4 Consumer Suggestion

How to deal with Sherman

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

POSTED: Monday, August 02, 2004

I had the same problem with these idiots in January 2001. I had to actually sue them to get them to listen to me.

Here's what you do:

1. E-mail Sherman's Chief Executive Officer Kevin brannigan (kbrannigan@shermfin.com) and cc it to their Corporate Counsel Scott Silver (scott@shermfin.com). Tell them you intend to file suit against Sherman and taht since you are in the process of refinancing your Mortgage, the provable damages will be considerable.

2. Gove Kevin and Scott a phone number they can contact you at. BTW, Sherman's Executive Offices are in New York City, so if you are dealing with people in Texas or South Carolina you are dealing with low level flunkies.

3. If you don't get a response in 15 days, file suit. You can sue Sherman in your local Courts under the Kansas Long Arm Statutes.

They paid me $1000 as a result of doing teh same thing to me. There are several good consumer credit sites on the web. One is Creditnet and another is Artofcredit. Both are free and give excellent advice. Artofcredit is littered with threads about Sherman.

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#3 UPDATE EX-employee responds

Sherman's Deception, I saw this happen numerous times.

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

POSTED: Tuesday, June 08, 2004

Ok, first of all during the many months I worked for Sherman Acquisition a.k.a The Alegis Group a.k.a Resurgent Capital, I saw this happen numerous times.

Just from looking at what is stated, this is possible that it is someone elses account. It is not uncommon for Sherman to skip trace on accounts and locate the incorrect people and report on their credit file by address only.

You are completely accurate in stating that if you feel this account is fraudulent or not yours that you are entitled to validation of debt. The problem is Sherman has to pay for that application so they are going to do everything they can not to order it. Sherman's company policy is to order only applications on accounts over $1,500.

Here is going to be the difficult task: convincing these people to remove something you know isn't yours. I can guarantee you they aren't going to do it. The best thing you can do is to send them a certified letter giving them 30 days to clear this account from your credit unless they can provide you with validation of debt. ALSO go ahead and file a complaint against them with the Federal Trade Commission as well as your state's Attorney General. Trust me, when they get a call from the Attorney General, they're more than willing to work with them.

I hope this helps!

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#2 UPDATE EX-employee responds

Sherman's Deception, I saw this happen numerous times.

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

POSTED: Tuesday, June 08, 2004

Ok, first of all during the many months I worked for Sherman Acquisition a.k.a The Alegis Group a.k.a Resurgent Capital, I saw this happen numerous times.

Just from looking at what is stated, this is possible that it is someone elses account. It is not uncommon for Sherman to skip trace on accounts and locate the incorrect people and report on their credit file by address only.

You are completely accurate in stating that if you feel this account is fraudulent or not yours that you are entitled to validation of debt. The problem is Sherman has to pay for that application so they are going to do everything they can not to order it. Sherman's company policy is to order only applications on accounts over $1,500.

Here is going to be the difficult task: convincing these people to remove something you know isn't yours. I can guarantee you they aren't going to do it. The best thing you can do is to send them a certified letter giving them 30 days to clear this account from your credit unless they can provide you with validation of debt. ALSO go ahead and file a complaint against them with the Federal Trade Commission as well as your state's Attorney General. Trust me, when they get a call from the Attorney General, they're more than willing to work with them.

I hope this helps!

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#1 UPDATE EX-employee responds

Sherman's Deception, I saw this happen numerous times.

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

POSTED: Tuesday, June 08, 2004

Ok, first of all during the many months I worked for Sherman Acquisition a.k.a The Alegis Group a.k.a Resurgent Capital, I saw this happen numerous times.

Just from looking at what is stated, this is possible that it is someone elses account. It is not uncommon for Sherman to skip trace on accounts and locate the incorrect people and report on their credit file by address only.

You are completely accurate in stating that if you feel this account is fraudulent or not yours that you are entitled to validation of debt. The problem is Sherman has to pay for that application so they are going to do everything they can not to order it. Sherman's company policy is to order only applications on accounts over $1,500.

Here is going to be the difficult task: convincing these people to remove something you know isn't yours. I can guarantee you they aren't going to do it. The best thing you can do is to send them a certified letter giving them 30 days to clear this account from your credit unless they can provide you with validation of debt. ALSO go ahead and file a complaint against them with the Federal Trade Commission as well as your state's Attorney General. Trust me, when they get a call from the Attorney General, they're more than willing to work with them.

I hope this helps!

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