Sherman Acquisitions

I called Sherman today to find out why they are reporting a $402 account as being mine. I stayed on the phone for over an hour listening to this over and over again:

Due to increased call volume, your estimated wait time is greater than 90 seconds. If you would like to continue to hold, press 1, if you would like to leave a message for a callback, press 2, thank you.

If you press 2, it says Mailbox full, and won't allow you to leave a message and then hangs up on you.

So I called back and waited and waited and waited...

Finally I got an operator on the phone.

She said the debt was purchased from AT&T Communications, and it was for a calling card from 1993. She said her information listed a last payment of July of 1993. I asked her how this could be on my credit reports when it is FAR past the 7 year reporting.

Her exact answer was "It reports until 7 years from the date of chargeoff". Since the account was not charged off, it will continue to be reported.

I asked her what I needed to do to have this removed. ( I hinted towards here sending me a fax number) so that I could dispute it like that, but she said I would have to write to:

Alegis Group LP
P.O. Box 10497
Greenville, SC 29603

Attn: Dispute Department

This is crazy, I am calling Equifax right now to dispute it again! They have already verified it once!

I also found out that Sherman has affiliations with OSI, Gulf State, Alegis Group, Resurgent Capital Services and Radian.

Here are a few websites:

http://www.shermfin.com/
http://www.alegisgroup.com/
http://www.rcap.com/

 

This is getting better and better. I disputed the account with the CRA over the phone. I had fun with them this time....

They told me that it was ok to report the account since it had NOT been charged off. I told them that per the FDCPA and FCRA, this account should have never been placed on my report.

They said the the DOLA was being reported as 2002. I told them that it was illegal and it should be removed immediately.

They said "Well if the account was bought by Sherman and isn't being reported by AT&T, then it is ok to report it as a new debt."

I told her "No that is illegal to reage an account even if it was purchased. And I began reading from the FCRA....

Section § 605. Requirements relating to information contained in consumer reports..

no consumer reporting agency may make any consumer report containing any of the following items of information:

(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.

She said "Sir, I will add that to your dispute and we will dispute the DOLA"

She sounded madder than I was............ lol