Complaint Review: Sherman Acqusition LP - Houston Texas
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- Author Not Confirmed
- Sherman Acqusition LP P.O. Box 740281 Houston, Texas U.S.A.
- Phone:
- Web:
- Category: Credit & Debt Services
Sherman Acqusition LP, - Universal Fidelity - Sherman Financial Group - Collections Ripoff Fraud Houston Texas
*Author of original report: hothead named Geaorge in the Columbus, OH office is the reason I filed a lawsuit
*Consumer Suggestion: DONT PAY THEM A DIME, JUST WAIT IT OUT!!!
*UPDATE Employee: You and I both know that you dont have this alleged letter from montgomery ward...
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4 years ago I cancelled a credit card with Montgomery Ward. Their bank issued me a letter stating the account was closed and no debt owed. Sherman Acqusition LP, under the name Risk Management Alternatives, Inc. persued Collection of the debt. They constantly harrased me even after I informed them of the letter from Montgomery Ward's Monogram Bank. I offerd to fax them a copy of the letter and they refused to accept it.
I ended up filing complaints with the BBB and Attorney General's office of Ohio. The company has so many addresses they were very difficult to track down (I am sure this is by design). I received a letter of "cease and desist" on the account from RMA, Sherman Acqusition LP. Sherman is now, one year later trying to collect on the same account.
I believe this is illegal and constitutes fraud and extorsion. I know that it violates collections laws as well as consumer credit laws. As far as I am concerned the company is a bunch of wannabe, scumbag lawyers that couldn't make it chasing ambulances.
Anybody receiving collections notices from this company should fight it all the way. File complaints to the BBB, this site and your state AG and the Texas state AG.
Don
Kailua, Hawaii
U.S.A.
This report was posted on Ripoff Report on 02/18/2004 12:47 PM and is a permanent record located here: https://www.ripoffreport.com/reports/sherman-acqusition-lp/houston-texas-77274/sherman-acqusition-lp-universal-fidelity-sherman-financial-group-collections-ripoff-80854. 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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#3 Consumer Suggestion
DONT PAY THEM A DIME, JUST WAIT IT OUT!!!
AUTHOR: Bradley - (U.S.A.)
SUBMITTED: Wednesday, February 25, 2004
These types of "collectors" are just scum. Dont worry about them, and dont pay them A DIME. Time will eventually erase their mistakes but if you start paying-even only a little bit- the clock starts ticking again. They will offer you a "settlement amount" to get you to pay something so they can open their books on you again. I once received a bill for 25 cents when I owed the company hundreds, ha ha, not gonna fall for that one. Accounting class was fun.
I need no credit for this.
#2 Author of original report
hothead named Geaorge in the Columbus, OH office is the reason I filed a lawsuit
AUTHOR: Don - (U.S.A.)
SUBMITTED: Wednesday, February 25, 2004
George,
I will be sure to let Mr. Brannigan know that the hothead named Geaorge in the Columbus, OH office is the reason I filed a lawsuit in small claims court. I will have both a letter from Montgomery Ward and a letter from Sherman Acquisition showing after investigation a "cease and desist" was issued on this account. Then you and I will be satisfied as well as the hundreds of thousands of other fraudulent cases you have pending now, that we do have proof that you and your associates are nothing but scum.
I would suggest Sherman begin investigating its accounts before sending demand letters and to stop the practice of re-aging accounts.
Just my $0.02,
#1 UPDATE Employee
You and I both know that you dont have this alleged letter from montgomery ward...
AUTHOR: George - (U.S.A.)
SUBMITTED: Tuesday, February 24, 2004
Two reasons, 1. No one would have refused proof the account is paid, why because at Universal Fidelity, We have something called spin... say 100 account (equal values per account to avoid any algebra here) are placed that = 100% ...with me so far? if one account pays that means we spun @ 1% Not a lot right? but when theactual number of accounts are close to in the millions, 1% suddenlt becomes some kick a*s revenue, this spin also determines future buisness with that client, hence more money from them, if our spin is low, then we get dog shite accounts if its high we get gravy accounts liquid and ready to goin my pocket, Here is my point if we can prove an account has been paid, then it comes off of our accounts placed rainsing our spin percentage... thus making us more money.
2. If you really had that leter you would have contacted the original creditor when the collection agency allegedly refused reciept of the proof.
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