How to Beat Sherman Financial Group in Court

January 26, 2024

How to Beat Sherman Financial Group in Court

If you’ve been sued by the Sherman Financial Group, use ZumaZip.com to respond in 15 minutes and win your lawsuit.

There are two words, and only two words, you need to know to beat Sherman Financial Group (or any debt collector, for that matter) in court. Those two words are – Prove It.

Americans are awash in debt, and that is a gold mine for unscrupulous debt collectors who want to make money by collecting on that debt. These debt collectors will often use aggressive tactics to achieve their goal, up to and including filing lawsuits against alleged debtors.

The debt collectors use these tactics because they know that, in almost every case, the person who owes the debt will not respond. The debt collector hopes to get a court judgment against the debtor to garnish the debtor’s wages, or worse.

That is where those two powerful words – Prove It – come into play.

If a debt collector files a lawsuit against you, then you need to demand that they prove to you that you truly owe the debt that they claim you owe. You will be shocked to discover that the debt collector will rarely be able to prove its case in court.

File a response with ZumaZip.com in 15 minutes and win your case.

Sherman Financial Group is one of those aggressive debt collectors that you need to stand up to. So, if you just received a notice that Sherman Financial Group (or some subsidiary of Sherman Financial Group) is suing you in court on a debt, do not throw it away. And do not run and hide. Rather, respond to that suit, and demand that Sherman Financial Group prove its case in court.

In this article, we will give you a little background on what Sherman Financial Group is all about. But more importantly, we will give you an easy way to demand that Sherman Financial Group put its money where its mouth is and prove its case against you in court. You too will be able to stand up to an aggressive debt collector and say those two powerful words – Prove It.

What is Sherman Financial Group?

Sherman Financial Group, LLC is a massive debt collection company that purchases and administers consumer debt that has gone into default. The company buys the debt from credit card companies, phone companies, student loan providers, mortgage banks, and other businesses with consumers who are unable to pay their bills.

It pays for the debt at a very low price (often pennies on the dollar) and makes its money by keeping the difference once it gets the money from the debtor. Not surprisingly, that business plan motivates Sherman Financial to be aggressive in collecting from debtors.

Sherman Financial has a rather confusing set of intertwined organizations. It is owned by Sherman Capital, and it owns many debt collection subsidiaries including Sherman Originator and Sherman Acquisition. Also, it is somehow affiliated with companies called Resurgent Capital Services, LVNV Funding, and Alegis Group.

Are you confused by all the companies? You should be. The confusion is by design. It is a way for the billionaires who own the companies to hide assets behind different corporate forms when any one company is sued for illegal debt collection activity. As you would expect, Sherman Financial Group’s subsidiaries have been ordered in the past to pay millions to settle allegations of illegal debt collection practices, including making false claims about consumers.

Use ZumaZip.com to file a response and counterclaim for illegal debt collection practices.

How You Can Fight Back Against Sherman Financial Group and Win

As noted above, the key to beating Sherman Financial Group in court is to force it to prove its case against you. Sherman Financial, and other aggressive debt collectors, often go into court unopposed. Sherman Financial counts on that. So, it is rarely, if ever, prepared to provide adequate evidence to demonstrate that it owns your debt and that you owe money on the debt.

So, you may ask, what do I do to make Sherman Financial prove its case? The answer is to go to ZumaZip.com and get started today creating an Answer to the lawsuit you received. ZumaZip.com automated software will help you accurately prepare your response in any jurisdiction.

There are two demands for proof that will allow you to push Sherman Financial Group back against its heels in its lawsuit against you.

First, in your response, you ask for evidence, for documentation, showing that Sherman Financial Group owns the alleged debt that it says you owe. Because Sherman Financial does not typically originate loans, nor does it have a credit card, it must have purchased your debt from someone else. You should demand proof of that transaction. If Sherman Financial cannot come up with the documentation to show that it owns your alleged debt, then you win.
Second, you need to demand that Sherman Financial prove that it filed its lawsuit within the necessary period. There is a concept, you may have heard of, called the “statute of limitations.” The statute of limitations is the amount of time in which a debt collector can legally sue to collect an individual’s debt. Therefore, if the statute of limitations in your jurisdiction is, for example, five years and Sherman Financial sued you six years after the debt was overdue, then its lawsuit too late. You win your case.

Conclusion

Sherman Financial Group does not have all the power. Especially if you push back with those two powerful words – Prove It. Fight back with ZumaZip.com!. You can easily and safely respond to a collection lawsuit from Sherman Financial Group.

What is ZumaZip?

ZumaZip is a convenient solution designed to streamline your response to a debt collection lawsuit. Here’s a breakdown of what you can expect when you use ZumaZip:

Firstly, you’ll access our user-friendly web application, which guides you through the process step by step. You’ll be prompted to answer a series of questions related to your specific situation. Once you’ve completed the questionnaire, you have the option to either print out the finalized forms and mail them to the appropriate courts yourself, or you can opt to utilize ZumaZip’s services to file them on your behalf. Additionally, if you choose this option, an attorney will review your document for added peace of mind.

If you’re seeking guidance on how to effectively respond to a debt collection lawsuit, ZumaZip can provide the assistance you need. Feel free to explore our FAQs for more information on what ZumaZip has to offer.

What if I haven’t been sued yet?

If you’ve only received a collections notice, but not a lawsuit, the best way to respond is with a Debt Validation Letter. When a debt collector contacts you in any way, whether it’s by phone or mail, you can respond by formally requesting a debt validation with a Debt Validation Letter . This letter notifies the collector that you dispute the debt and forces them to provide proof you owe the debt. They can’t call you or continue collecting until they provide validation of the debt. This flowchart shows how you can use a Debt Validation Letter to win.

Get started with a Debt Validation Letter here.

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