sherman acquisition!!!!

Discussion in 'Credit Talk' started by pink, Mar 6, 2003.

  1. pink

    pink Well-Known Member

    Re: Re: Re: sherman acquisition!!!!

    what reason for validation??
     
  2. pink

    pink Well-Known Member

    Re: Re: Re: sherman acquisition!!!!

    also what reason should i use to demand DM to remove the tradeline since they sold the account?
     
  3. bbauer

    bbauer Banned

    Re: Re: Re: sherman acquisition!!!!

    Nothing at all. Just ignore them and wait for Sherman to contact you.
     
  4. lbrown59

    lbrown59 Well-Known Member

    Re: Re: Re: Re: sherman acquisition!!!!

    None.
    You don't need a reason you have a right.
     
  5. jlynn

    jlynn Well-Known Member

    Re: Re: Re: Re: sherman acquisition!!!!

    They don't have to remove the TL, but they have to report it as -0- balance account transferred or sold.
     
  6. pink

    pink Well-Known Member

    Re: Re: Re: Re: sherman acquisition!!!!

    I have a right to have DM to remove their tradeline? under what right is it they sold the account but why would tey remove tradeline?? thanks
     
  7. bbauer

    bbauer Banned

    Re: Re: Re: Re: sherman acquisition!!!!

    Because I said so! That's why!

    If you don't believe it just ask me!

    Who the _ _ _ _ am I?
    Don't ask.

    (LOL)
     
  8. lbrown59

    lbrown59 Well-Known Member

    Re: Re: Re: Re: sherman acquisition!!!!

    1*Will this hurt me later when i validate wth sherman? ?2*
    2* How can i remove the direct merchants tradeline now that its sold?
    3*What should the premise of my letters be with sherman and direct merchants? 4*How much did shrman pay for this account???
    pink
    1*Don't see why it should!
    2*You might try this tip from WEST CAP(When we (Re CA) make the purchase or servicing transaction, we receive a power of attorney that gives us the inherit rights under the original cardholder agreement. We have the ability to "bind" the original creditor in certain situations. This gives us the right to settle an account and REQUIRE that the original creditor, such as Citibank, MBNA, Household etc. remove the original trade line and OURS.
    WestCap)
    3*As for The CA just use the Validation from the sample letters.
    4*Who cares.Whsat matters is what do you psay if anything.
     
  9. jlynn

    jlynn Well-Known Member

    Re: Re: Re: Re: Re: sherman acquisition!!!!

    Pink you asked this question earlier:

    You can always ask, but you don't have a "right", IMHO, as long as they report it as I mentioned earlier.

    You also asked under what right is it they sold the account? They are the owners of the account.
     
  10. jlynn

    jlynn Well-Known Member

    double post

    Is it me or is the board having a problem?
     
  11. lbrown59

    lbrown59 Well-Known Member

  12. lbrown59

    lbrown59 Well-Known Member

    Re: Re: Re: Re: Re: sherman acquisition!!!!

    No you have a rite to validation from the CA.
    I was not talking about the OC.
     

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