MDub Posted December 21, 2004 Report Share Posted December 21, 2004 OK. I'm trying to pay off a $1,200 debt where the OC is Best Buy/ Household. The OC has charged off the debt and Sherman is collecting (I am in the process of validating, but don't know if its been bought or just collected. Couple of questions: 1) Sherman is adding $100 or so to the original debt, claiming interest and fees. Is this legal? I may just pay it to save the headache and get them to go away.2) When I do approach them to pay the debt, should I approach Household/ Best Buy since they are the original creditor even if they have already charged off the debt?3) If I do approach Best Buy/ Household, has anyone had any success getting them to change the report to "paid as agreed" ?Any help would be appreciated.MW Link to comment Share on other sites More sharing options...
cran Posted December 21, 2004 Report Share Posted December 21, 2004 Whatever you do, don't do what I did. Thankfully you have found this site to help you out. I had a best buy charge off account that went to Sherman and they garnished my wages. I just ignored everything because I had no idea about the whole dv thing. It really pisses me off now but not much I can do. The one good thing is I have disputed with the cra's as paid full balance because sherman was listing as paid less than full balance. Well, yesterday I saw using pg sherman's tl was removed from equifax. Basically, do not make the mistake I did and not do anything. Link to comment Share on other sites More sharing options...
edubb007 Posted December 21, 2004 Report Share Posted December 21, 2004 Approach Best Buy/HH first for settlement with deletion. Not a very good chance of R1 staus being noted. So I'd be happy with a deletion! Link to comment Share on other sites More sharing options...
Jeep 2005 Posted December 21, 2004 Report Share Posted December 21, 2004 I had the same happen with Best Buy. Once it goes to Sherman, BB will not even talk with you about it. I'll pull my notes tonight and give you all of the correct contact numbers for both BB and Sherman.For mine, the negative reporting is using a different last name then mine. I truelly believe it is fraud, but BB is a b*tch to deal with. Sherman was easy.Just keep in mind that settling with one for a deletion doesn't make both of then go away. Link to comment Share on other sites More sharing options...
MDub Posted December 22, 2004 Author Report Share Posted December 22, 2004 If you can get me those numbers, I'll appreciate it. So BB won't talk once its turned over to Sherman? Or will they? If they won't, that means at best I'll get a deletion or R1 from Sherman and the BB will remain on my report? Well that's better than nothing. What was your luck negotiating with Sherman for a "Paid as Agreed" status?BTW, the extra fees Sherman is charging... is that legal if they have bought the debt? Should I try to settle for the entire amount I owed to BB?Thanks again. Link to comment Share on other sites More sharing options...
miracle Posted December 24, 2004 Report Share Posted December 24, 2004 Link to comment Share on other sites More sharing options...
MDub Posted December 24, 2004 Author Report Share Posted December 24, 2004 So was that just a bump or are you saying hi to someone? Link to comment Share on other sites More sharing options...
RedDog Posted January 3, 2005 Report Share Posted January 3, 2005 Any updates? Link to comment Share on other sites More sharing options...
MDub Posted January 3, 2005 Author Report Share Posted January 3, 2005 I just received a settlement offer from Sherman on this account. More than 50%, which I am going to take. Does anyone think that they will negotiate a deletion with this settlement? Any advice before I make contact with them?Thanks. Link to comment Share on other sites More sharing options...
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