Apology and Retraction

In a post to this blog in August of 2015 concerning the Sherman Group of companies, I inadvertently and incorrectly identified a company, Granite Bay Acceptance (Specifically, “Granite Bay Acceptance I”) as being associated with the Sherman group of debt collectors. I have since been informed and confirmed that this is incorrect. There is an entirely separate and distinct entity, Granite Asset Management LLC which is associated with the Sherman Group, but Granite Bay Acceptance is not. We confused these two entities in the original post. We want to make clear that we have no evidence or indication that Granite Bay Acceptance is a debt collector or has any relationship with the Sherman Group, and we accept their position that their primary business involves making firm offers of credit to consumers. We apologize to Granite Bay Acceptance for the incorrect information in the original post.