Sherman Financial Group LLC
Sherman Financial Group LLC is a leading purchaser of distressed consumer debt. Sherman Financial Group LLC purchases, services and resells delinquent unsecured assets such as credit card receivables, student loans, auto deficiencies, high loan-to-value second mortgages, and bankruptcy debt. It has been reported that Sherman Financial Group LLC purchases the debt that they will attempt to collect for approximately 4-6 cents on the dollar. Reports further indicate that Sherman Financial Group LLC own or controls LVNV Funding, Alegis Group LP and Resurgent Capital Services LP, which are all collection companies also operating in the United States.
Collection agencies are known to put negative information on the consumers' credit report in their attempt to collect debt and for that reason; numerous federal laws have been put in place to protect the American consumer from unscrupulous collection agencies that may abuse this practice. One of the many federal laws written with the intention of protecting the American consumer is the Fair Credit Reporting Act as it grants all American consumers the right to dispute and potentially remove the negative information placed on their credit report.
My ability to attain credit and my credit score were being damaged by the many charged off accounts and collection accounts being reported on my personal credit file. Deciding it was time to do something about it, I began repairing my credit by contacting collection agencies that were reported to be a part of the Sherman Financial Group in an attempt to negotiate some kind of arrangement with them in order to remove the negative information on my credit report. Dealing with collection agencies like the Sherman Financial Group was more time consuming and frustrating than I could have possibly imagined but even worse, none of the collection agencies were willing to work with me and continued to report the damaging information to the credit bureaus. Despite what some people may think, I rapidly learned that credit repair is not easy.
I needed results and didn't have the patience or hundreds of hours it was going to take so I contacted Credit Restoration Bureau and they immediately began working to repair my credit. They were able to raise my credit score by deleting various types of derogatory items from my consumer credit file such as late payments, collection accounts, charge offs and judgments (see the letter below). Working with Credit Restoration Bureau was a much more pleasant and worry free experience than I could have hoped for. Each time I received an update from Credit Restoration Bureau, I was delighted to see they were continuing to have a positive effect on my credit score. By the time Credit Restoration Bureau was finished, my scores had all gone up approximately 150 points and I was in the 700s. They had truly given me a fresh start.
Here is one of the update letters I received from the credit bureaus. This one is from Equifax and shows the deletion of a collection account placed on my credit report by LVNV Funding LLC, a collection agency either owned or controlled by Sherman Financial Group LLC.
Here is another update letter. This one is from TransUnion and shows the deletion of another collection account placed on my credit report by LVNV Funding.
Credit Restoration Bureau was amazing and I would recommend them to anyone struggling with bad credit or being harassed by collection agencies like Sherman Financial Group LLC. Credit Restoration Bureau specializes in the removal of all types of derogatory credit itmes to include: late payments, collection accounts, charged off accounts, bankruptcies, tax liens, civil liens, foreclosures, repossessions and more. If you have negative information on your credit report and would like a higher credit score, you should talk to professionals that specialize in credit repair. You should call Credit Restoration Bureau or click their link below.
