Commercial Collection Corporation was started in 1962. It is owned, or at least partnered, with M&T bank. It belongs to two other groups; one is Commercial Collection Agency Association of the Commercial Law League of America and the International Association of Commercial Collectors. It won the Caine Award from the Commercial Collection Agency Association of the Commercial Law League of America, which is an association that fights for creditors’ rights to collect debt, and strives to make just as balanced rights to the debtor. They try to ensure that fraud was not one of the tools used in collecting the debt.

In 1906 Credit and Financial Services Incorporated was formed as part of a merchant association to help as a collection agency. It used to be a members-only collections agency, until 1987 when they were purchased by Wayne Campbell and the Credit Bureau and Collections Agency and formed the Durham Merchant's Association Charitable Foundation which is listed as a non-profit organization. It is based in Durham North Carolina where the doors stay open today.

Unifund, founded in 1986 has built a reputation over the years as being a leader in the Accounts Management Field. Unifund buys and sells debts and provides portfolio management services. In just one year time, they purchase billions of dollars in charged off receivables from a variety of sources including nationally known banks and financial institutions.

The Sherman Acquisition Limited Partnership seems to be an enigma. Its structure is extremely complex and in addition to the several layers and cross-layers of ownership and control it is also a private company, so information on its actions and dealings is very limited.

Cuomo and the Attorney General’s office of NY, over the last year, have been suing debt settlement companies. At the same time they have been putting out warnings to consumers who are in debt and looking to enter into a debt management program. With job loss and the turned economy millions of people have been overcome by debt and there are countless debt settlement companies ready to take prey. These companies make claims that they can eliminate your debt. In actuality, they charge hefty fees for empty promises. In many cases they walk away with your money, leaving you in worse financial shape than you were to begin with.