Household HSBC Watch

Experian has announced the launch of Collection Triggers, a collections solution that monitors a company’s portfolio of collections accounts and identifies new information indicating the possibility of recovering the debt.

“Our clients have been asking us to help solve the debt dilemma — when collection efforts go cold, the consequence is a huge burden of unpaid […]

Bill collectors are not allowed to call after 9 at night and cannot call on Sunday - or so you thought. If it happened to you see our “Your Money” page to see how much you can charge them because of their violation. The FDIC tells them so - use this link to […]

Does this sound familiar? Are these tactics used by other debt collectors? Read this article:
The Minneapolis/St. Paul Business Journal - 4:45 PM CST Monday
State Commerce Dept. fines collection agency
By John Vomhof Jr., Staff Writer

An Illinois collection agency owned by Sallie Mae has paid a $125,000 civil penalty after an investigation by the Minnesota […]

Slower growth, legal changes and a shift in attitudes to debt have led to a sharp rise in personal insolvencies, according to Department of Trade and Industry figures published yesterday. There were 17,562 personal insolvencies in England and Wales in the three months to September -a 46 per cent rise compared with the same quarter […]

If you are called by a debt collector beware of their caller ID system. “NEVER call them using your home telephone or cell phone” say consumer advocates at Household - HSBC Watch. “These companies have caller ID systems on steroids, so be very careful” the group said. Recommendations include using ‘voice over […]

If you negotiate a settlement, you’ll usually receive an Internal Revenue Service (IRS) Form 1099 that shows the amount of money representing the difference between the negotiated settlement amount and the balance in full. There are several types of 1099 forms that report on earned gross income (money from which taxes have not been deducted). […]

Sick and tired of settlement scams and offers, only to find out that you’ve been scammed? We are too, and the problem goes well beyond Sherman Acquisition, HSBC, Household International, Retail Services and the companies we discuss here at Household - HSBC Watch. Our new website, SettlementScams.com goes live in a few days […]

Sherman’s Acquisition’s phone number 888-665-0374. The number is answered with the standard debt collector recorded notice. Resurgent Capital Services answers the phone. Their website is rcap.com

More information:
Alegis Group, LP/Sherman Financial Group
Name Change: ‘LVNV Funding, LLC’
Incorporated in Nevada, see Nevada Corps for agent to serve lawsuits
15 South Main St. Ste 600
Greenville, SC 29601
Phone: (864) […]

It was reported to us today, via our helpline, that Sherman Acquisition is a collections agent for Best Buy. Therefore, since Best Buy accounts are actually HSBC Accounts, one must conclude that Sherman has a business relationship with HSBC. This division of HSBC is the former Household International. Our helpline caller stated, […]

We received this question from a website visotr: “How do I trace back what HSBC is claiming I owe. This has been outstanding the collection agency says since 98. I never had this account, however, would like to know what account is sueing me. The collection agency is no help. […]