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ARRGG!!watsthis
Joined: 29 Jun 2008
ARRGGwatsthis's page
Posts: 1
301 Magic Points
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Subject: Who is NCO FIN /22 ?
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Tue Jul 01, 2008 9:26 pm
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| I received my credit report and its showing I have a debt to NCO Fin /22 and a charge that Im not familiar with. Who are they and how can I tell if its a valid charge? |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Wed Jul 02, 2008 10:20 am
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NCO is a collection agency, apparently they have picked up an old unpaid bill of yours and is now trying to collect it. You will probably start hearing from them now that you have check your report, most of these companies put a tickler on the credit reports and when the consumer checks their report the collection activity will begin.
If they don't contact you, you can contact them if you feel that you do not owe any old debt. You can also dispute this.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17413 Magic Points
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Wed Jul 02, 2008 12:04 pm
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Since the name NCO is listed in your credit report, it must be a collection agency to whom your creditor has sold off your debt. To know that whether you actually owe the debt or not, send them a debt validation letter. Wait for 30 days from the date they receive the letter. If they validate your debt then check whether their validation is correct or not. If you find the validation correct go for a repayment agreement with the CA and request for PFD. If you do not agree with the validation send a dispute letter to the CRA requesting them to remove the listing.
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Where there's a will, there's a way !! |
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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Wed Jul 02, 2008 12:10 pm
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I agree with Mary at this point. To find out whether you actually owe the debt or not, you need to send a DV letter to NCO financial, whose address you will find in the credit report. If you do not agree with the validation you can always dispute the listing with the credit bureau to get it removed from the credit report.
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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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ARGG!!watsthis
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Subject: FIN /22
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Wed Jul 02, 2008 5:43 pm
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Thanks guys, I'll get that DV letter out to them and see where this goes. I appreciate all the info all of you have provided.. Thx and Happy 4th of July!  |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Wed Jul 02, 2008 9:41 pm
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Glad to be able to help, they probably will not validate, usually what I have found is that the original creditor do not give these collectors enough information, like the original contract between the debtor and the creditor. Once they sell it off, the original paperwork is normally a lost cause and the collector can not produce it.
I have to say though that NCO was one of the easier ones to deal with, at one time I had three collectors on me at one time and the other two could get pretty nasty. Hopefully they will come to an agreement that is good for you and them, normally they will give you a descent settlement amount that is much less than the original amount and they should make a descent payment arrangement with you that you can afford.
goodluck and keep us updated.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17413 Magic Points
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Thu Jul 03, 2008 9:56 am
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If they can't validate your debt within 30 days from the date of their receipt of the letter, we can always send a dispute letter to the Credit bureaus telling them that you do not agree with the listing of the CA. So watsthis can definitely try it out and get it removed from the credit report and increase his credit score.
_________________
Where there's a will, there's a way !! |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3735
10 Magic Points
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Sat Jul 05, 2008 11:49 am
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Great point Mary, I wonder if they will confirm it with the credit reporting agency? I also wonder what the credit reporting agency takes as confirmation, sometimes I wonder, I have disputed and they always seem to give enough information to keep it on the report.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
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Subject: credit
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Mon Jul 14, 2008 11:16 am
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| NCO Financial is NOT one of the best. They tried to put back, on a CR, a debt that was over 11 years old. And it wasn't in my name anymore...it was in my ex's name. God..that was a mess to take care of. They were calling me, too, about this account. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 3735
10 Magic Points
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Tue Jul 15, 2008 2:37 am
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Did they manage to put it back on your report? Did you file a dispute with them or with the credit reporting agency?
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1334
1 Magic Points
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Subject: credit
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Tue Jul 15, 2008 4:10 am
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| About 3 years ago, they DID put it back on my CR. However..I did dispute it and it was taken off...SOL expired and was no longer in my name. God...these people are crazy!! Did they really think i would 'restart' a debt that was THAT old and no longer in MY name?! |
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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Tue Jul 15, 2008 12:32 pm
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Hi sdchargers
What actually happens is that as far as I know, if they can make you agree for a royalty payment, the SOL will again start off. In that case they can sue you to the court if you do not pay the entire debt. So we should always be aware of such fraud. Moreover, if your debt is about 11 years old, there is no point in repaying it because it can no more be listed in your credit report.
_________________
Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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erb1953
Joined: 31 Dec 2007
erb1953's page
Posts: 621
-55 Magic Points
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Sun Jul 20, 2008 1:33 am
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| true, it is an old debt, I would not bother with it either, if you do pay a dime you start the statute of limitation all over again. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4124
1011 Magic Points
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Mon Jul 28, 2008 2:13 pm
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| I was reading this post and seen something mentioned about a tickler. What is that? How can they legally know if you are checking your report? That all sounds a little unfair to me. I don't think collectors should have knowledge of msomething like that. It is almost like someone spying on you. |
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erb1953
Joined: 31 Dec 2007
erb1953's page
Posts: 621
-55 Magic Points
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Tue Jul 29, 2008 12:56 am
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You know I agree with you, I mean if you think about it, a doctors office is not allowed to give out your information with out your permission, why should the credit reporting agencies be allowed to disclose your information to these collectors that don't have your best intrest in mind. I think that these credit reporting agencies should be in violation of some law, some where when they disclose with out your permission.
I think that this is something worth more investigation. Does anyone know the laws and rights to privacy that a consumer has when it comes to financial records and who has the right to view or make use of them the way that they see fit. |
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