Complaint Review: SHERMAN ACQUISITION - OSI GULF - HOUSTON Texas

"Alegis Group LP was created in July 1992 is a wholly owned subsidiary of Sherman Financial Group LLC" Talk about a sham, this is the new Enron scam of the century. A Houston debt collection agency called Alegis purchased portfolio's of 'charged-off' debts from various banks (ie; Mastercard, Visa, Discover, etc.) for approximately 4-6 on the dollar. Then, like a Las Vegas high roller, is gambling that their 'goons' can convince (ie; threaten intimidate, harass) debtors to pay up, based on their highly inflated figures. Sherman is Alegis, Alegis is Sherman, even with the branch office they opened in Greenville, SC. The main factor in dealing with a 'Scavenger Debt Buyer's' (SDB), that will work in your favor is to DISPUTE all accounts within the first thirty days of receiving written notice. Sherman/Alegia (SDB)is owned and run by these high stakes gamblers: Frank Russo, President and COO, Houston Richard Dunn, Senior Vice President, Houston Bob Collins, Vice President, SC Send Sherman/Alegis (SDB)a certified letter, making emand for all documentation that substantiates their claim. Tell them you want to see legal papers that prove they own they debt, who they bought it from and what they paid for it. Ask them to put in writing: "HOW DID YOU ARRIVE AT THE FIGURE YOU CALIM IS OWED?" Sherman/Alegis (SDB)likes to farm-out their dirty collection work to other debt collectors. This makes it all the more confusing as to who is in control and what is going on. Like all gamblers, Sherman/Alegis(SDB) is gambling you will cave in to the demands of the collectors and send them money. This is a HIGHLY profitable 'cash' business.' In my dealings with it, I can only compare it to the drug cartels. They get a product for almost nothing, then gamble they can turn it into a high profit item with very little effort. IT IS LEGAL, and they CAN report it on your credit files! Scavenger debt buyers gamble that they can buy low and turn a huge profit. One thing they rarely do is keep the paperwork associated with the accounts. You see, that would involve too much expense, like hiring a staff to handle it and pay for storage. Instead, they have little more than a computer screem print-out available for validation.That print-out is all they get from the original owner of the debt. Consumers and lawyers who take on these gamblers should ALWAYS demand written verification of any debt, claimed owed, by these scavenger debt buyers. Sherman Acquisitions/Alegis(SDB) is chasing the 'fast-buck' empowered by the thinking that they can out smart the consumer. Well, let's teach these greedy, gamblers and opportunists that the laws can slow them down and put the brakes on their fast cash scams. Send the legal notices, tape their calls (where legal) and contact me for referral to a local consumer law professional in your area.Scavenger debt buyers, debt collectors and other scammers can be held accountible for their actions. Based on BBB files, this company has an unsatisfactory record with the Bureau due to unresolved complaints