#13] was denied. We provide no guarantee regarding case outcomes nor are we liable for any case outcomes. Financial Services. According to court papers filed in a Maryland case in 2011, corporate disclosure statement in a class action filed against Sherman. Full-time + 1 Monday to Friday Fork Lift Operator - 2nd Shift Shipping Eaton 3.7 Sherman, TX $19.60 an hour Employer est. Sherman Financial Group LLC (Sherman Financial Group) is a Nonbank Lender located in New York, NY United States, North America. Phone Number +1-212-922-1616. Sherman Financial Group LLC ("Sherman") is a highly experienced and active global investment company with a 15-year track record of unparalleled success during a period of vast market . Free and open company data on Nevada (US) company SHERMAN FINANCIAL GROUP, LLC (company number E0227192005-3) ULTIMATELY, THIS ALLOWS US TO KEEP YOUR BEST INTERESTS AT HEART, ALL THE TIME. Doing Business As: Sherman Financial Group Company Description: Key Principal: Benjamin W Navarro See more contacts Industry: Buying of installment notes , Investment offices, nec Printer Friendly View Address: 200 Meeting St Ste 206 Charleston, SC, 29401-3187 United States See other locations Phone: Website: www.sfg.com Employees (this site): [5] He lived in Princeton, New Jersey and graduated from Princeton High School, when his father was coaching the Princeton University football team. Summary: If you've been sued by the Sherman Financial Group, use SoloSuit to respond in 15 minutes and win your lawsuit. Business company SHERMAN FINANCIAL GROUP is a legal entity registered under the law of State Nevada. I know not too long ago they were getting a couple hundred percent on personal loans by working in fees and renewals. 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. 2023 PitchBook. Those people who need their own house and vehicle can get loan for that. I assumed you were referring to SC's lack of collection case law. Our visitors would benefit substantially from an accurate description of Sherman Financial Group LLC. It is owned by Sherman Capital, and it owns many debt collection subsidiaries including Sherman Originator and Sherman Acquisition. Even if the company paid $0.50 for every $1.00 of debt, it would needto win only half of those cases in order to break even. Especially if you push back with those two powerful words Prove It. They cannot refuse them as LVNV has insisted in the past they need to be 'served' there if you sue them. Sherman Financial & Wealth Management LLC, Father & Son Beach (Achieve a Successful Future Today). Need help managing your finances? Sherman Financial Group Employee Directory. Powered by Invision Community. 1fff9e92-f972-11e2-a286-000bcdcb2996 July 30, 2013 at 4:50 PM. As of December 31, 2006, SFG reported total assets of $1.204 billion and net income of $347 million. Sherman Financial Group LLC is listed as an officer in two other companies. In 2018, Credit One was named the "Philanthropic Business of the Year - Private" by Vegas Inc. for its philanthropic efforts in Affordable Housing & Homelessness, Employment Services, and Financial Education. Designer and entrepreneur Melody Ehsani takes us on a journey from her early days working retail, to designing her first shoes and jewelry lines, to collaborating with Red Hot Chili Peppers and Jordan brand before taking on a bespoke role at Foot Locker. The debt collectors use these tactics because they know that, in almost every case, the person who owes the debt will not respond. Resurgent is owned by Alegis Group LLC and Sherman Financial Group, LLC. It is believed that the Sherman Financial Group uses many subsidiaries for debt collections. Sound strategies for any net worth, select the service alone, or combine with our additional services to offer a full financial advisory solution. Sherman Financial Group provides financial help to people those who are facing financial issues in their life. Full-time 8 hour shift + 1 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. ABOUT Sherman Financial Group LLC Sherman Financial Group LLC Representatives: We attract thousands of visitors to our website daily. SEC / JURISDICTION. Sherman Financial Group Headquarters 335 Madison Ave Floor 19 New York, New York10017 212-922-1616 Driving Directions Sherman Financial Group Summary ABOUT Overview Sherman specializes in the development of innovative solutions that optimize long term value. [19] The newly-renovated stadium debuted on April 2, 2022 for the 50th annual Credit One Charleston Open, the largest women's only tennis event in North America. LVNV, which is just one of many companies owned by Sherman Capital, files thousands of lawsuits each year. [4], Navarro earned a bachelor's degree in finance from the University of Rhode Island. Emma is a collegiate tennis player at the University of Virginia. Sherman Originator LLC, in turn, is owned bySherman Financial Group LLC. Outline your thoughts as the above is vague. Learn More Investment History SHERMAN FINANCIAL GROUP LLC. sherman financial group. In 2008, Sherman Financial Group CEO, Ben Navarro, along with other Charleston community members, founded Meeting Street Academy (MSA) in Charleston, SC. [1] In 2005, Sherman bought a small bank and renamed it Credit One Bank. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document. Sherman Financial Group LLC (Sherman) is a highly experienced and active global investment company with a 20-year track record of unparalleled success during a period of vast market fluctuation. They were never designed to get DV letters, that is why it is so Nice to send them there!!! Just Follow These 3 Steps: STEP 2: Talk with one of our attorneys to review your options. LVNV then hires Resurgent Capital Services LP (Resurgent) to manage that debt. by calling 1-866-787-8078, or by filling out this contact form. Get the full list, Morningstar Institutional Equity Research. #33]. 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. The confusion is by design. Display as a link instead, How long do debt collectors take to respond to debt validation letters? 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. Suspendisse varius enim in eros elementum tristique. [2][3] He was born in Williamstown, Massachusetts, when his father was football coach at Williams College. The "Sherman Group" holds all of the companies, including the Bank of Marin, AKA, Credit One Bank, the subprime credit card issuer. Those two words are Prove It. February 17, 2023. Sherman Financial Group periodically offers buyers the opportunity to purchase accounts directly from our own portfolio. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Sherman Financial Group revenue is $60.1 M, Sherman Financial Group has 662 employees, Sherman Financial Group headquarters are located in 335 Madison Ave Fl 23, New York, New York, 10017, United States, Sherman Financial Groups main industries are: Investment Banking, Finance, Sherman Financial Group appears in search results as sherman financial group LLC, Sherman Financial Group, Sherman Capital Markets LLC, Sherman Capital Markets, Sherman Financial Inc, Web Hypertext Application Technology Working Group, International Organization for Standardization, Microsoft SQL Server Business Intelligence, SAP BusinessObjects Business Intelligence, Get Free Access to Sherman Financial Group Contacts Info. Sherman Financial Group is owned by management, Mortgage Guaranty Insurance (MGIC) Corporation and Radian Group, Inc. MGIC is a leading provider of private mortgage insurance in the United States, with a market capitalization of over $6.9 billion. Company Type For Profit. FEE-ONLY MEANS WE PROVIDE ADVICE FOR A FEE ONLY, WITHOUT COMMISSION AND OTHER MISLEADING OR HIDDEN FORMS OF COMPENSATION. Its extremely doubtful Midland will have any documents on this account. Industries. Headquarters Regions Greater New York Area, East Coast, Northeastern US. (personal experience ). Sherman Financial counts on that. Suggest edits BIRDEYE FOR BUSINESSES This profile is powered by Birdeye. This setup is intentionally confusing, with the organizations intertwined in such a way as to keep people from understanding who funds the purchase of such large amounts of consumer debt. Also Known As Sherman. The Sherman Group selling debts to agencies they own does not violate anti-trust laws because there are THOUSANDS of JDBs in this country. Heather. This failure to respond, called default, lets LVNV and other debt buyers get a court judgment without providing any proof of the debt. By signing up you'll also receive access to future resources right in your inbox. Sherman Financial Group 2022 Contributions Ranks 188 of 29,115 $3,200,050 Lobbying $0 in 2022 $0 in 2021 Outside Spending $0 Top Recipients 2022 NOTE: Organizations themselves cannot contribute to candidates and party committees. Location and Contact Details: Resurgent Capital Services, L.P. 55 Beattie Place, Suite 110. Residential developer Centurion American has acquired 680 acres in the Grayson County town of Dorchester, south of Sherman, for a new masterplanned community. Sherman Financial, registered in 2016, serves 1 state (s) with a licensed staff of 1 advisors. Early life [ edit] He is one of eight children of Frank Navarro, a college football coach who posed for the Norman Rockwell painting The Recruit. Correspondence Phone: 1-888-665-0374 Correspondence Address: Resurgent Correspondence PO Box 10497, Greenville, SC 29603 Payment Address: Resurgent Capital Services PO Box 10466, Greenville, SC 29603 Dispute and Complaint Address: PO Box 1269, Greenville, SC 29602 Dispute and Complaint Email officeofCCO@resurgent.com 335 Madison Ave Fl 23, New York, New York, 10017, United States. Not surprisingly, that business plan motivates Sherman Financial to be aggressive in collecting from debtors. In response, LVNVs attorneys (who had previously not been particularly helpful to them) dropped the case. (Which deters monopolies and antitrust issues), and is controlled by the FTC and the Department of Justice (in Criminal Matters). How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide), Tips on you can to file an FDCPA lawsuit against a debt collection agency. Sure. Sherman Financial Group, founded in 1998 and headquartered in New York City, New York, is an investment company that specializes in investment solutions and services. However, we have a 3-year SOL, no wage garnishment, pretty generous bk exemptions that apply to judgments, and judgments last 10 years, but can not be renewed. Benjamin W. Navarro Founder and CEO (Sherman Financial Group, LLC) Jake Jones, Senior Director of Compliance and Ethics Contact. By Paste as plain text instead, The company buys, services, resells and secures consumer debt that includes credit card receivables, telecommunications receivables, student loans, mortgage deficiencies, and all types of bankruptcy debt. [15] [16], Navarro has an estimated net worth of about $3 billion. In this article, we will give you a little background on what Sherman Financial Group is all about. ", "Charleston Place owner share first details about 'multi-million-dollar' renovations", "Charleston's Ben Navarro buys Cincinnati pro tennis tournament", "Charleston billionaire Ben Navarro buys Volvo Car Open women's tennis event", "Meet Ben Navarro. While they are large and do have a big percentage of the credit and collections industry they are not the only player and it isn't a monopoly in violation of anti-trust laws. notsherman, This legal entity was firstly registered on 8th August 1995 under the legal form of Domestic Corporation. AlegisGroup LLC is also a subsidiary ofSherman Financial Group, LLC. They also have a few other of their PO Boxes(I mean companies) based in SC. Greenville, SC 29601-5115. Now if Credit One is associated with LVNV why is Midland involved ?? Sherman Financial Group filed more lawsuits to squeeze cash from people behind on their credit-card bills. I will copy and paste my reply here: It isn't a monopoly. Are you confused by all the companies? "Potential Panthers owner Navarro is a low-profile billionaire", "Getting to know Panthers owner candidate Ben Navarro", "Billionaire's row: A deep look at the potential bidders for the Carolina Panthers", "Ben Navarro Bio - Sherman Financial Group", "Community Reinvestment Act Performance Evaluation", "2021 U.S. Credit Card Satisfaction Study", "Credit One Bank | Better Business Bureau Profile", "Credit-Card Issuer Credit One Rebuked in Debt-Reporting Lawsuit", "Credit One Bank: What You Need to Know | The Ascent", "Credit One Credit Cards: Why to Avoid | The Ascent", "Credit One vs Capital One: What are the differences? Thanks to being demoted from full time to part time status at his job back in 2011 he could no longer pay on the card. How does it smack of an antitrust violation? Your previous content has been restored. He is one of eight children of Frank Navarro, a college football coach who posed for the Norman Rockwell painting The Recruit. Sherman Financial Group, LLC is owned bySherman Capital, LLC. [17], In 2022, Navarro funded extensive renovations to Credit One Stadium, a 20-year-old city-owned facility, as a gift to the City of Charleston. [2], In September 2018, he bought Charleston Tennis LLC, owners of the Charleston Open women's tennis event, through his company Beemok Sports LLC. Read our 50-state guide. REGISTRATION STATUS. Popular Searches Sherman Financial Group sherman financial group LLC Sherman Financial Sherman Financial GP Sherman Financial Inc Revenue $76 M Employees 851 Primary Industries These include SPF , Domain Not Resolving , and Microsoft Exchange Online. This business specializes in Financial Planning. The show takes listeners inside the business end of the sports world, and explains what it means to fans and their pocketbooks. File a response with SoloSuit in 15 minutes and win your case. He bid for NFL team, owns Volvo Car Open and is changing schools", "Ben Navarro to give $20K a year to Charleston high school grads to help pay for college", "Editorial: Navarros' gift could be life-changing, for our entire community", "SC businessman Ben Navarro and MUSC launch new approach to mental health treatment", https://en.wikipedia.org/w/index.php?title=Ben_Navarro&oldid=1140575584, Businesspeople from Charleston, South Carolina, American chief executives of financial services companies, Princeton High School (New Jersey) alumni, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 February 2023, at 18:32. Meanwhile, LVNV Funding is situated at 625 Pilot Road, Suite 3, Las Vegas, NV 89119. Clear editor. Better Business Bureau Report Summary (Capital Management Services LP)We researched the Better Business Bureau reports on this company as of February 15, 2012 and found the following data:Number of complaints processed by the BBB in the last 36 months: 349 complaints in the last 12 months: 105 complaintsThe agency maintains an F rating due to its handling of the complaints filed. Talk with a lawyer, decide on your best course of action, and move forward from there. Both Credit One Bank and LVNV Funding are situated in Las Vegas, Nevada. SHERMAN FINANCIAL GROUP LLC (DOS ID: 2352795) was incorporated on 03/05/1999 in New York. California Weighs $360,000 in Reparations to Eligible Black Residents. [1], He left Citigroup in 1997, and in 1998 founded Sherman Financial Group, a global diversified investment services company. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use. Written by investor.com. Variations on Name: Alegis Group, Capital Management Services LP, Sherman Acquisitions LP, LVNV Funding LLC, Resurgent Capital Services LP, SFG Technologies, Inc., Credit One Financial Solutions, Marble Arch Home Loans, Ventus Capital ServicesWebsite: http://sfg.com/index.htmAddresses:8600 Governors Hill Drive Suite 201Cincinnati, OH 45249-138885 10th Ave NNew York, NY 10011-47251-646-486-5976335 Madison Ave 19th FloorNew York, NY 10017-46321-212-922-16168900 Nelson Way, Suite #100Burnaby, BC V5A 4W9Box 442 9632 Cameron St.Burnaby, BC V3J 1M2. Company Sherman Financial Group jobs Sort by: relevance - date 34 jobs Regional Development Officer The Lonely Entrepreneur Remote $100,000 - $250,000 a year Employer est. The collection originated in October 2021 with the acquisition of their flagship property, the Charleston Place - the largest hotel in Charleston at 434 rooms. [7] Despite Credit One's large portfolio, the company's reputation is mixed. Check out these resources. In fact, the US Federal Trade Commission estimates that companies such as LVNV win nearly ninety percent of debt collection cases because people dont respond to the lawsuit. Credit One Bank has an address of 585 Pilot Rd, Las Vegas, NV 89119. For some reason LVNV has found S.C. as a great place to hide and I do mean hide. 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. Mike Sherman, Managing Director - Investments, since 2001 Mike works with clients wisely by genuinely listening to their needs, helping to define their specific goals, and develops an investment plan based on sound principles and educated guidance for every stage of life. View latest Form ADV filed Part 2 Brochures. Will Others Follow? Add this address to the Navarros residentioal real estate addresses - 801 Star Of The West Street Sullivans Island SC 29482. The settlements require Portfolio Recovery Associates and Sherman Financial Group to vacate the improper judgments with the court and cease any further collection activities on the judgments, make key enhancements to their debt collection practices, and pay civil penalties and costs to the state in the amounts of $300,000 and $175,000 . Resurgent may try to collect the debt from people, but most often the company will hire collection agencies to handle the day-to-day collection activities. Arizona-based Walton Global, a real . Excel Known Addresses for Sherman Financial Group LLC 335 Madison Ave New York, NY 10017 200 Meeting St Charleston, SC 29401 8600 Governors Hill Dr Cincinnati, OH 45249 Corporate Filings for Sherman Financial Group LLC Nevada Secretary of State Corporate Notes Operating Status Active. Sherman Financial manages $0.0 and provides investment advisory services for 25 clients (1:25 advisor/client ratio). 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. There are two demands for proof that will allow you to push Sherman Financial Group back against its heels in its lawsuit against you. It isn't. Now check your email to confirm your subscription. Kind of like why so many of the credit card companies are incorporated in DE. Unknown June 22, 2014 at 8:46 AM. Here's a list of guides for other states. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Name: Sherman Financial Group LLC Year Founded: 1997 Engaged In: Manufacturing Importing Exporting Location Type: HQ Revenue: $ 111,525,387 The Sherman & Company team has decades of combined experience in insurance, healthcare, technology, asset & wealth management and investment banking, and we put it to work for our clients each and every day. They are known for going after consumers with more than one of their "companies" for the same debt. Spending the extra money may make business sense on a single debt, but not when the company is buying thousands of accounts at once. Shermans business strategy is to leverage its intellectual capacity, operational depth and financial resources to Meeting Street Academy (MSA)is a groundbreaking initiative, founded by Sherman, dedicated to the creation of a new mandate for education in South Carolina and beyond. SHERMAN FINANCIAL ( CRD # 285007 ) SHERMAN FINANCIAL, SHERMAN FINANCIAL, LLC, SHERMAN FINANCIAL PLANNING, LLC, SHERMAN FINANCIAL PLANNING, SHERMAN FINANCIAL CONSULTING. Now he is getting calls from MIDLAND about his old Credit One card. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. He ultimately lost to David Tepper. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Sherman Financial Review. There was an error submitting your subscription. You can post now and register later. SoloSuit is not an attorney or a law firm. Does that smack of antitrust violations? Unfortunately my state is not far behind. Companies House Registration Number 01276121, is authorised and regulated by the Financial Conduct Authority. Sherman specializes in the development of innovative solutions that optimize long Sherman's subsidiaries and affiliates originate, purchase and service all types of consumer and commercial debt in the United States, Canada, Mexico and the United Kingdom. Very professional, impeccably prompt. You get only one chance, so be sure to make the most of it. LVNV is a wholly owned subsidiary of Sherman Originator LLC. Sherman Financial & Wealth Management Hidden Tax Opportunities That Could be Expiring Sooner Than You Think These may be the lowest tax rates you'll ever see in your life First Name Last Name Phone Email We never spam. According to court papers filed in a Maryland case in 2011,Sherman Financial Group LLC is a companythat buysand services portfolios of consumer debt in default that it acquires at a large discount, and in originating and servicing credit card receivables. has acquired Reserve National Insurance Company from, Sherman & Company Served as Financial Advisor to Medical Mutual of Ohio, Sherman & Company Served as Financial Advisor to Strategic Insurance Software, Sherman & Company Served as Financial Advisor to GAINSCO. CREDIT ONE BANK, LVNV FUNDING, AND the "SHERMAN FINANCIAL GROUP". Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg. Use Solosuit to file a response and counterclaim for illegal debt collection practices. LVNV is actually based in Greenville, SC. LVNV Corp HQ is in Charleston, SC. Sherman Financial Group December 20, 2022 Variations on Name: Alegis Group, Capital Management Services LP, Sherman Acquisitions LP, LVNV Funding LLC, Resurgent Capital Services LP, SFG Technologies, Inc., Credit One Financial Solutions, Marble Arch Home Loans, Ventus Capital Services Website: http://sfg.com/index.htm Addresses: A few of them could be Alegis Group, Credit One Bank, LVNV Funding LLC and Resurgent Capital Services. Investment Adviser Firm Summary. A small number of the total businesses control the majority of the market but because the Sherman Group is not controlling 100% of the market it is not a monopoly. Sherman Financial Group, LLC is a massive debt collection company that purchases and administers consumer debt that has gone into default. Sherman's track record of successful diversification, risk management, growth and . Both companies are wholly owned subsidiaries of the "Sherman Financial. When I went to your link, my browser showed me this! "Sherman & Company represented GAINSCO and found the absolute best partner for our company, negotiated an exceptional price for our shareholders and played a key role in building a very solid transaction structure. Based in Ponte Vedra Beach, Florida . One-time comprehensive plans or project-based plans for individuals, families, and businesses. Power's credit card satisfaction survey Credit One ranked last among national card issues in 2021, a title the bank has held every year since joining the survey in 2017. Charleston resident Ben Navarro (right), with former Mayor Joe . Anonymous July 30, 2013 at 4:50 PM. Why do debt collectors block their phone numbers? If youre struggling with a number of past due debts then it may make sense to consider other options such as bankruptcy as a way to resolve all your financial problems at once. Lorem ipsum dolor sit amet, consectetur adipiscing elit. We pride ourselves in providing . I was not referring to the consumer/debtor laws of S.C.,which are not bad, but meaning it was a "friendly" state to operate from. They have Credit One in NV to take advantage of favorable banking laws. Sherman Dryden is available in White Plains to guide you through the home financing process. If youre interested, here is a corporate disclosure statement in a class action filed against Sherman. SoloSuit is a self-help tool. That is where those two powerful words Prove It come into play. Before the Court is Defendant Sherman Financial Group's ("Sherman") 12(b)(3) Motion to Dismiss for Improper Venue or in the alternative Motion to Transfer Venue for Convenience pursuant to 28 U.S.C. Is there an oligolopoly in the JDB industry? SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" Since 1990, the Current / Sherman Group has been providing prudent advice and financial guidance to a select group of Merrill clients. Sherman Financial Group specializes in the development of innovative solutions that optimize long term value. Got questions? From media and technology to finance and real estate, leagues and. This is a profile preview from the PitchBook Platform. One Pressed Ahead. Sovereign Investor Leadership Conference March 2023 Menu Being Sued for a Debt? Sherman Financial Group periodically offers buyers the opportunity to purchase accounts directly from our own portfolio. [8] However, in J.D. The videos were so helpful, easy to understand and encouraging. The adviser's REGISTRATION status is listed below. Rather, respond to that suit, and demand that Sherman Financial Group prove its case in court. Use of its products are governed by its Terms of Service, Privacy Policy, and Legal Disclaimer. It is a waste of time trying to pursue anti-trust litigation or claims against the Sherman Group. In a story heard on This American Life, reporter Jake Halpern interviews a Georgia couple who got sued by LVNV Funding for an old credit card debt. It is very easy to get loan from Ben Navarro Sherman Financial Group. [2][17], His daughters, Emma and Meggie Navarro, are involved in tennis. The firm prefers to invest in companies based in the United States, Canada, Mexico, and the United Kingdom. A trusted, ongoing financial planning consultant who understands your needs and financial goals. So, you may ask, what do I do to make Sherman Financial prove its case? SoloSuit makes it easy to respond to a debt collection lawsuit. I provide legal advice and representation in debt collection lawsuits only for residents of New York and California. If you have an account, sign in now to post with your account. 1404(a) [Doc. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Fax: (866) 467-1091. Copyright 2023 (c) Cordus Partners, LLC SFG consists of numerous asset holding and operating entities throughout the U.S. and Mexico City, Mexico. Benjamin Navarro is the Founder (in 1997) and Chief Executive Officer of Sherman Financial Group, the market leader in purchasing and servicing distressedconsumer debt, with over $2 Billion in revenue expected in 2016. It actually caused a major problem for them. Benjamin W. Navarro (born 1962/1963) is an American billionaire businessman, the founder and chief executive officer (CEO) of Sherman Financial Group, LLC, which owns Credit One Bank. Why worry about the FTC when you have the FDCPA? In many cases, it makes more economic sense for the company to drop the case because it can make more money chasing people who dont take action to protect themselves. When someone fights the lawsuit, LVNV can spend the time and money to fight backor use those resources to pursue default judgments. 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. Sales are primarily conducted for two reasons (i) to free-up capacity at our collection a. Website shermfin.com Employees 15 HQ +1 212-922-1616 Location New York, New York Employee Metrics