superior asset managment

Anybody every heard of a Superior Asset Management in Norcross, GA? They have dinged my credit report, for what I do not know, and I cannot find any record of them there... Are they the same Florida company that people here are referring to? Anyone?

Thanks in advance...

P.S. If I cannot find the company that put the claim on my credit report, how do I address it?

Call S.A.M. at this number 727-524-6990 and discuss with them about this issue.

Make sure that you put everything in writing through certified mail and return receipt requested. This way, you will be having a record of every communication.

Also ask them to validate the debt as per the fdcpa law. It is your legal right to know the complete details of the said debt. If they are unable to prove it, you can dispute with them and get the negative information removed from your credit report.

The fax number for superior is not what is posted, it is 850-796-1680.

I just got a call AT WORK from someone, whose first name I didn't even understand, and all she said was her first name and then the phone number 1-800-895-2989. I Googled it and got this site, not too many other hits and really no other helpful hits. I don't know if this is actually Superior Debt or whatever, but I would like to send them a notice to call my attorney, and also that they are not authorized to call me at work. Every single creditor I have has already been informed that I have retained an attorney for bankruptcy, and they have that attorney's information and they should know to contact my attorney, not me and especially not at work. It takes awhile to file the paperwork, etc, for bankruptcy and in the meantime it seems like these debts collectors spend more money harassing someone who clearly can not pay, rather than just leaving me alone and complying with the law, which says that once they are referred to an attorney they are supposed to refer all inquiries to that attorney, and also which says that they can not call me at work.
Anyway, does anyone know for sure what this number is for and how else I can get in touch with them, in writing? I can't have them harassing me at work. And please do not judge me for being in this situation. I will suffer from it for years to come. Thanks.

Hi Geea7

Welcome to the debt consolidation Care forums.

Once you are discharging your debts in bankruptcy, you get the protection from many creditors and collection agencies as per the fdcpa law. All the debt collection efforts and foreclosure must be put to a stop until the bankruptcy court has issued some specific orders.

The debt collector contacting you is violating the rules laid down in the Fair Debt Collection Practices Act. He is contacting you at your place of work against the law and when you are about to file for bankruptcy. Please send them a letter through certified mail with return receipt requested to stop all collection activities.

I am going through a similar problem w/ a client who has a so called collection w/ SAM as well.

While the credit bureaus will update your tradeline if you call them, it will be back on there again next month unless they get a letter from SAM saying they do not have a collection against you. Good luck getting anything from them. They don't fax out proof of ANYTHING.

Do a google search on the above company, and you will see that many people are being scammed by them.

As per the fdcpa law, if the credit bureau re-inserts a removed information without notifying you, it is a violation of the consumer protection afforded by the FCRA Part (A)(5)(B)(ii) and you can recover up to $1,000

True, but the credit bureau will not remove the tradeline permanently and update your score accordingly unless they have a document on letter head from the company in question stating the collection has been satisfied. It will still be reported every month.

SAM verified that they don't have my client on record, yet would not fax me any documents proving so.

T-Mobile has sent the collection to SAM and now im dealing with them. Someone told me that i can settle with a settelment and the issue would be closed. I asked for documents stating for the settlement with SAM and with original creditor that this matter will be closed.. but im not sure about these guys.. seems like they'll take a certain amount right now and still report me to the credit bureau. How do i go around this to make sure im cleared of all this? I would appreciate a quick reply. Thanks

Regards,
Jared

Hi Nparikh31

Welcome to the forums.

First of all, I will not suggest you for a debt settlement program. This is a negative remark and should be considered only when you are at the last resort before filing bankruptcy.

If your accounts are termed as 'Settled' in your credit report, it will show to your lenders that you were not responsible towards paying your account and the creditors have settled the account.

I will suggest you to opt for a consolidation program. This program has more beneficial results and will be viewed in a better way by your lenders.

In a consolidation program, the total amount of your debt will be reduced by 40% to 60% eliminating the financial charges, late fees and you will be offered a reduced amount that will be easier for you to pay.

This program will appear in your credit report until you have paid your creditors and you will be able to increase your credit scores through this program.

Before making any move, read this article for a better understanding.

http://www.debtconsolidationcare.com...omparison.html

You can do it yourself or you can take a free advice from the experts. They will offer you a professional counseling and you will be open to better repayment options.

Regards
Roxette

Thanks Roxette.. Can I use someone to deal with SAM directly and resolve this matter. If i go with the debt consolidation program, how do i start. I want to make sure this doesn't affect my credit report from now on. I already have the prev. collection agency that T-Mobile reported to on my credit report and I dont want to see SAM on there too.. i would like to resolve this matter fast and effectively. I really appreciate all the advice.. another question, should i hire a credit attorney for this?

regards,
n31

Hi n31

Credit attorney won't be required at this situation as things will get solved conveniently.

debt consolidation program will not hurt your credit in anyway. It just eases your monthly payments and will stay as long as you are in the program.

You can take a free counseling in this website by entering your contact information at the sign up page. (This link is also available at my signature). The consultant will call you up and offer you the best possible options. You will be able to solve all the debt related problems and achieve a debt free life within a short period of time.

Regards
Roxette

If i make full payment to SAM for the amount owed.. How do i know if they haven't reported to the credit bureau yet? I only check with Experian and the prev. collector is still there which needs to be removed since they no longer hold the debt. I guess i have been going back & forth with these guys for quite some time and i just want to resolve the matter and get it over with, without affecting my credit any longer. SAM says they will send a receipt in 5 business days and within 21 days they will monitor the account with the orginal creditor and make sure to update the credit report. Do i have a choice now? or should i make payment with the original creditor? Thanks so much for your help!

regards,
n31

Creditors won't accept any payment from you because the debt has been sold to the collection agency for a cent in a dollar. You can deal with the creditors only if they are holding the debt. You can verify the status of the account with your creditors.

Get the statements in writing from Superior Asset Management about the receipts and updating your accounts with the bureaus. Verbal agreements don't sound to be strong.

Once they have put everything in writing, get proper receipts of your payments made and keep a watch on your credit. Systematically, you should be able to see results.

ok so if the debt was sold for cents onthe dollor, and SAM is the third agency I have heard from on this one, then my questions are:
Did SAM Aquire the account actually from T-Mobile? or from the Previous Agency?
If the previous agency had reported, but the account has since been sold to SAM, then does the previous agencies report have to be deleted?

The debt accounts can pass from one collection agency to another agency after it has been sold by the creditor. Whoever is holding the debt will try to recover it from you.

The collection agencies can report your account to the credit bureaus but once the debt is paid to a specific collection agency, it is the responsibility of that particular agency to report your account as 'paid' in your credit report.

The credit bureaus will update your account with the latest standing of your debt account and it will be shown as 'paid' in the credit report.