Sherman Acqusition posting wrong info.

[score720]

Sherman Acquisition won’t report to the credit bureau that the original creditor is. They have it reported as Citifinancial, which the credit bureaus already deleted a couple of years ago, and I still have the letter stating they deleted that item. I know who the original credit is and I can prove it. I asked the credit bureaus to dispute and they wrote back to me “RESULTS verified no changes. Sherman sent me a notarized affidavit stating they are authorized to collect. They didn’t validate original creditor. How do I get this item removed from my credit reports? Due to fall 11/06

TU 564

Experian 584

Equifax 592

[bellatragedia]

Sherman isn't even bonded in their state of TX and I doubt in your state as well which equals them not being able to legally collect. Check it then file a complaint to the BBB, the FTC, and your AG as well as TX. That's what I'd do.

Or you can write them a letter stating basically the info (after you have checked to be sure about it). Email Nina Weston at: [email protected]

She is really nice to deal with and can tell you whether or not they are currently bonded. Then contact your SOS (usually) and find out if they are meeting their requirements in your state. If you are unsure of the requirements for your state, please look it up at www.lawdog.com for your state and debt collectors.

In addition what is the SOL for this account in your state? Is it within it or outside of it. It sounds like a six year old debt, so it's likely out of SOL depending on your state.

Sherman is horrible. My complaint technique worked well for solving their BS on my CR.

[score720]

I check state law for California nad found this:

"The California Law which required collection agencies to be licensed and bonded was allowed to "sunset" effective June 30, 1992. Collection agencies no longer require a specific state license and bond. However, agencies (and creditors) may be required to comply with California's Fair Debt Collection Practices Act, and possibly California's Consumer Credit Reporting Agencies Act. These are discussed briefly in " Debt Collection" and "Fair Credit Reporting" from the previous menu. Collection agencies are, of course, subject to all Federal laws which may apply as well."

So, I'm understanding this to say they dont need a license to collect in california

Past SOL, due to fall of November 2006. I'm going through a program to purchase a house and one of the requirements is to payoff outstanding debts. They don't care how old the debt is, they just want it paid. Sherman is not trying to collect from me, they responded to a validation letterI sent to them.