Has Alegis Group Threatened to Sue You?
In addition to placing negative items on your credit report to bring your credit score down, debt collection agencies like Alegis Group sometime also threaten to sue for the right to garnish your wages or repossess your property as payment for your debts.
Who is Alegis Group?
Sometimes known as Sherman Financial Group, Alegis Group is a collection agency operating in South Carolina. Like many collection agencies, Alegis Group has been accused of using questionable practices like harassment and false threats of legal action in order to frighten consumers in to repaying their debts.
If these tactics sound familiar, you need to keep a close eye on the Alegis Group debt collectors who may be calling you.
How to Contact Alegis Group / Sherman Financial Group
Bank of America Building
200 Meeting St., Suite #206
Charleston, SC 29401-3187
15 South Main Street, #600
Greenville, SC 29601
Telephone: 1-888-665-0374 or 1-877-264-5884 or (864)-678-8421
Fax: 1-888-546-7697 or (864)-370-4998
Alegis Group LP is debt collection agency located in Houston, TX.
Debts that are kept unpaid by debtors are the most important objective of this debt collection agency - and they can ruin your credit score if you are not ready!
They will stop at nothing to get the details. Once the unpaid debts are located, the debt collection agency will then present a deal to the original creditors. The deal is actually just a convenient arrangement between the 2 parties, the creditors and the debt collection agencies so as to leverage the losses for the creditors and to enhance the profits for the debt collection agencies.
The deal that is settled upon will involve at dirt cheap rates, and nobody else other than the debt collection agency benefits from this arrangement. But it would be unfair to say that the debt collection agencies are the sole beneficiaries of this arrangement, because the creditors also gain from this pact, but in an albeit different manner.
First of all they receive at least 5-10 % of the outstanding dues that would have otherwise been reduced to 0 % if the debt collection agencies were not involved.
Also another mode of advantage for the creditors is the tax benefit that they will receive from the government by showing these unpaid debts as “uncollectible debts”.
Once the debt account details have been acquired, the debtor will be contacted by the debt collection agency, as all the particulars that are in any way relevant to the debtor will be sold to the debt collection agency as a part of the deal by the creditors.
The debtor has no opportunity to get free from the claws of the debt collection agency now, as their executives will commence calling the debtor several times a day and beleaguer him / her. Many debtors protest against the uncivil behavior of the debt collection agencies as they routinely use vulgar language, abuses and threats to dig out payments by wielding their power.