Are You Being Called By Sherman Financial Group, LLC?*

Are you being called by Sherman Financial Group, LLC?* Here’s what you need to know

Collecting debts in a billion-dollar business in the U.S. In their eagerness to get your money, some debt collectors use deceit, intimidation, and outright threats. If it happens to you, it’s important to know that you don’t have to tolerate such treatment.

Your Rights Under the FDCPA

The Fair Debt Collection Practices Act, or FDCPA, was passed in 1977 to protect indebted consumers. Four decades later, it remains illegal for a third party debt collector to use tactics like the following to compel you to pay a debt.

• Swearing and calling you names
• Failing or refusing to identify themselves as debt collectors in every communication
• Demanding amounts not supported by law or the original creditor agreement
• Calling at inconvenient times, usually before 8:00 a.m. and after 9:00 p.m.
• Talking about the debt to anyone except you, your spouse, or your attorney
• Pretending to be members of law enforcement

Company Profile: Sherman Financial Group, LLC

If you are being called by Sherman Financial Group, LLC, information about the company is below.

Sherman Financial Group, LLC is a financial planning and collection agency headquartered in Charleston, South Carolina. It was established in 1998, has hundreds of employees across its branch locations, and is managed by its CEO, Benjamin W. Navarro. According to its website, it handles debt collection throughout the United States, Canada, Mexico, and the United Kingdom. Litigation files retained at the PACER (Public Access to Court Electronic Records) website suggests that some consumers who believed they were being harassed by Sherman Financial Group, LLC sued the company for violating their rights.

Alleged Violations against Sherman Financial Group, LLC

Susan E. Gallagher vs. Sherman Financial Group, LLC et al*

According to PACER, on or around July 20, 2007 Illinois resident Susan E. Gallagher received a collection letter from an agency employed by Sherman Financial Group, LLC. Upon inquiry she was told that the debt was originally owed to Sears. She made a payment on the condition that the debt be promptly validated, but no validation was ever received.

Feeling harassed by Sherman Financial Group, LLC, Mrs. Gallagher hired a consumer attorney and sued the company for allegedly violating the FDCPA in the following ways:

• Using false, deceptive and misleading means to collect a debt
• Failing to validate the debt

The matter was later settled.

Hire an Attorney

The phone numbers for this debt collection agency are:

• 1-212-922-1616
• 1-864-248-8759

If you spot either of these numbers on your caller ID when the phone rings, it means that you are being called by Sherman Financial Group, LLC. If they demand payment but fail to send you the legally required debt validation, hire a consumer attorney who can help you file a claim against Sherman Financial Group, LLC If you win your case, you could potentially be awarded $1,000 per FDCPA violation These awards remind collection agencies that they must obey the law when collecting debts, or else.

*Case taken from PACER (www.pacer.gov). Case: 3:08-cv-50051 from the United States District Court for the Northern District of Illinois, Western Division.

Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Sherman Financial Group, LLC, or any other third-party collection agency, you may not be entitled to any compensation.