Sherman chapter 13 discharged

[ness]

What is the name of your state?What is the name of your state?What is the name of your state? Montana
Chapter 13 Date Filed: 04/2001
Date Resolved: 05/2005
Enclosed is two Shermans account on my credit report...
I had disputed this with Experian and they say it will remain on my credit report???

SHERMAN ACQUISITION

Address:
PO BOX 10497
GREENVILLE, SC 29603
Account Number:
Original Creditor:



Status:
Petition for Chapter 13 Bankruptcy/Collection account. $448 past due as of Apr 2005.


Date Opened:
05/2001
Type:
Installment
Credit Limit:
$706

Date of Status:
09/2002 Terms:
1 Months High Balance:
NA

Reported Since:
09/2002 Monthly Payment:
$0 Recent Balance:
$448

Last Reported Date:
04/2005 Responsibility:
Individual Recent Payment:
$0


Account History:
Collection as of Apr 2005, Mar 2005, Jan 2005, Nov 2004, Mar 2004 to Oct 2004, Mar 2004, Jan 2004, Nov 2003, Jun 2003 to Oct 2003, Jun 2003, Oct 2002, Sep 2002
Filed Chapter 13 Bankruptcy on Sept 13, 2002

Second one:

SHERMAN ACQUISITION

Address:
PO BOX 10497
GREENVILLE, SC 29603
8664641183 Account Number:


Status:
Petition for Chapter 13 Bankruptcy/Collection account. $3,265 past due as of Apr 2005.


Date Opened:
06/2001
Type:
Installment
Credit Limit:
$5,322

Date of Status:
07/2002 Terms:
1 Months High Balance:
NA

Reported Since:
07/2002 Monthly Payment:
$0 Recent Balance:
$3,265

Last Reported Date:
04/2005 Responsibility:
Individual Recent Payment:
$0


Account History:
Collection as of Apr 2005, Mar 2005, Jan 2005, Nov 2004, Mar 2004 to Oct 2004, Mar 2004, Jan 2004, Jun 2003 to Dec 2003, Jun 2003, Mar 2003, Jul 2002 to Feb 2003
Filed Chapter 13 Bankruptcy on July 18, 2002




I have never received a letter or phone call from Sherman.. at least from my knowledge..

This is wrong right???

Ness

[ness]

Help me on this one..
Do I need a Lawyer to get Sherman off of my Credit Report..
Do I contact them?
Help....
ness

[ness]

This is the response I had received from my chapter 13 lawyer..

"as long as the status shows that it was filed under Chapter 13, and as long as they aren't attempting to collect from you, there is nothing you can do. Chapter 13 does not wipe it off your credit report. It appears to be correctly reported."


I still feel this is wrong....
help is appreciated..
ness

[jamied66]

They are definately reporting incorrectly. You may just have a lazy lawyer.

Unless you opened up an installment loan with Sherman. That's what their entry is saying.

If your BK is discharged (?), and this debt was included (?), then there are many errors in the way these are showing that is making your credit appear worse.

Check out the credit forum on Creditboards.com. Tons of great info from people with lots of experience with this (and with Sherman, too).

[ness]

I thought my lawyer was wrong..
Guess he is only good at banckrupty..

I knew it wasn't right!!!!
Gotta listen to your gut feelings.

Thanks again..


ness

[Ladynred]

Sherman ALWAYS reports collections as 'installment loans'.. its a crock !

First of all, a discharged debt CANNOT be 'past due'
Second, the dates for your CH 13 are reported wrong on BOTH entries - dispute it

Thirdly - reporting to the credit bureaus IS considered 'collection activity' by the FTC.

Lastly, FDIC regs say the following:

6500 - FDIC Consumer Protection Section 607--Compliance Procedures 6. Content of Report

A consumer report need not be tailored to the user's needs. It may contain any information that is complete, accurate, and not obsolete on the consumer who is the subject of the report. A consumer report may include an account that was discharged in bankruptcy (as well as the bankruptcy itself), as long as it reports a zero balance due to reflect the fact that the consumer is no longer liable for the discharged debt. A consumer report may include a list of recipients of reports on the consumer who is the subject of the report.

They cannot be showing ANYTHING owing !

[ness]

Thanks you..
my question is.. should Sherman even be on my cr?
I never received anything at all from them..
Plus all debts were filed chapter 13 before it went to collection..
ness

[Ladynred]

Sounds like the creditor sold off your accounts after you filed. Since reporting to the credit bureaus IS considered to be 'collection activity', then they may, in fact, have NO right to be on your reports if the debt was not in collections BEFORE you filed.

Dispute the entries, every wrong piece of them with the credit bureaus.