Sherman Acquisitions Theiving, lying, scum-bag collectors who have no proof Ripoff Houston Texas

Tracy:

Do not be alarmed. I know that you must feel violated. U feel that companies are hanging you out to dry -and you are virtually powerless to fight all the red tape to repair your credit.

My name is Tom. I have been a debt collector for 16 years. I am now a consumer advocate.

Phantom debt is a growing problem in the United States. Poor consumers gets stuff tacked on their credit and are bullied by unruley collection agencies into paying or settling a debt the poor consumer has no idea what it is for.

The agency plays a numbers game. It buys the debt from the creditor for pennies on the dollar. Then it makes the calls 'fishing' for suckers to wear down and pay the thing just to get them off their back. Some do, some dont but in the end the Agency is laughing all the way to the bank.

I am not a commerial attorny. I do not work for the credit bureau. But that being said, i am a credit and collections professional. you can take this information to the bank.

First off, the agency is bound by 2 federal charters. The FDCPA -fair debt collection practices act- and the FCRA -fair credit reporting act. Now im not going to go into all the different sub headings, but heres the deal:

The agency must by law inform you in writing that you legally owe a debt within 30 days of buying and recieving it from the original creditor.

The consumer has the right to dispute the debt with the agency in writing and the agency MUST provide concrete evidence that the consumer owes it in writing. Such as a signed agreement with the original creditor. The agency has 30 days to provide such proof.

The consumer has the right to inform the agency to CEASE AND DESIST in writing which means that the agency must stop all attempt to collect the debt . They can only call you once more to inform you they are ceasing all attempts or filing legal papers. The agency or creditor cannot try to collect the debt -but can seek judgment in court to recover their loss.

The consumer has the right under the FCRA to dispute any info on their bureaus. The bureau must investigate to the agency or creditors who must 'reaffirm' that it is a legitimate debt or remove it off the credit bureau within 30 days. This is the law.

So if you dont owe the debt -they cannot 'reaffirm ' it . If they are stupid enough to do so, you now hire a Commerial Attorny on contigency -who will file in federal court for damages to your credit etc.

If the agency or creditor is stupid enough to continue to try to collect after you told them in certified mail to 'cease and desist' , you also ask the same attorny to sue them under the FDCPA for breaking those consumer protected laws.

So follow my instructions, and trust me, your problems will disappear. If they dont -you will have a payday in court.

Tom -Gahanna Ohio