sxxx Posted February 18, 2005 Report Share Posted February 18, 2005 Can someone help me I have sherman acq on my credit report, with osi/gulf prov being the original creditor. Well I paid this account with the assigne collector that sherman hired, Capital Management.Well on the credit report it is listed as "paid in settlement/collection account"Well I talked to the NC attorney general office, and SHERMAN IS NOT LICENSED here. Now isn't there something about an unlicensed collector collecting, and reporting to the credit burea wouldn't that be under "collection activity" and a violation under one of the laws.And if not, since I paid, will it restart the Date of Last Activity, it was scheduled to be off 7/2006 Link to comment Share on other sites More sharing options...
LadyButler Posted February 18, 2005 Report Share Posted February 18, 2005 Somebody correct me if I'm wrong...I believe if they're not licensed to collect in your state and your state requires licensing... they can't collect. Link to comment Share on other sites More sharing options...
sxxx Posted February 18, 2005 Author Report Share Posted February 18, 2005 Hi Lady ButlerBut I have already paid the assignee collector "Capital Management"what law can I site, to make Sherman remove it from my report. I have already sent a DV letter, and a Email. Link to comment Share on other sites More sharing options...
LadyButler Posted February 18, 2005 Report Share Posted February 18, 2005 Do you have documentation that the debt has been paid? If so, dispute the entry with the CRAs... (Somebody will have to help me out with the category here... Paid... Not Mine... which will do the most good?) Link to comment Share on other sites More sharing options...
sxxx Posted February 19, 2005 Author Report Share Posted February 19, 2005 I've disputed with the CRA keeps coming back verified. I just got the green card back yesterday. From what I've been reading on these threads, I should get an affidavit from them, basically saying nothing.So what is my best strategy now??? Link to comment Share on other sites More sharing options...
sxxx Posted February 19, 2005 Author Report Share Posted February 19, 2005 I'm sorry LadybutlerSince I paid "Capital Management" and it was assigne by SHerman would the cra have to delete the tradeline. Since they do not have the account and it was assigned from Sherman Link to comment Share on other sites More sharing options...
reno2360 Posted February 19, 2005 Report Share Posted February 19, 2005 Sherman buys these accounts and then assigns it to one of their scumbag CA's to actually collect. Capitol Management is one of them, they work for Sherman.You need one of the experts to chime in... if Capitol Management is licensed in your state maybe it is a legal loophole... I don't know for sure, just something to check. Link to comment Share on other sites More sharing options...
sxxx Posted February 19, 2005 Author Report Share Posted February 19, 2005 Thank renoCapital Management is licensed here. DO anyone know if that is a legal loophole?Needing help???? Link to comment Share on other sites More sharing options...
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