To Kristi at Carreon & Associates from mba9999@aol.com Alert those who work with you that NCO FIN SERVICES out of Philadelphia, if you do not already know this, has "acquired" many many stale accounts that were being "processed" by Commercial Financial Services out of Oklahoma. Commercial Financial went bust and it appears that the Bankruptcy Court approved of NCO servicing these stale accounts. Although many of the delinquent accounts had appeared on debtors' credit reports for seven years in the name of the original creditor, NCO last October reported many accounts being serviced by it as NEW accounts in its own name, that (reportedly) became current collection accounts in June 1999. In my own situation, I had three MBNA America Bank credit card accounts that were written off in 1991, MBNA America Bank never sued me. Each of these became time barred by operation of the four year Statute of Limitations in Pennsylvania. Commercial Financial a few years ago tried to collect these from me and I sued them and two opinions were written by the Chief Judge of the United States District Court for the Western District of Pennsylvania, and then my case went up on appeal to the 3rd Circuit which issued a Memorandum Opinion. These three opinions have W L citations. Commercial Financial never did report any of these three accounts to any credit reporting agency. MBNA America Bank had reported these accounts to Trans Unioin and they remained on my Trans Union credit report for seven years. They were not on my credit report in 1999. However, I learned in late December 1999 that NCO had reported each of these old stale MBNA America Bank accounts with Trans Union. NCO reported these as NCO accounts placed for collection 6/1999. NCO never did send me any collection letter or notice letter that it had taken over the servicing of these accounts. Rather, I learned of this when I obtained my current Trans Union credit report in late December 1999. I have heard from others over the internet that they learned that NCO had reported as current accounts in collection what were actually old stale written off debts as occurred with me. When these people applied for credit they learned of the adverse entries reported by NCO. I sued NCO here in Pittsburgh and a hearing took place before a Board of Arbitrators yesterday. I will provide you with additional information at your request. You can skim down to the older messages and older topics on the Creditnet message board to two topics I submitted under "MBA" around March 18-20 pertaining to NCO and to accounts appearing on your credit reports, and if you skim down my messages you will see that I posted a copy of the Requests for Admission filed of record in my lawsuit. Anyone reading these Requests for Admission with any knowledge of the FCRA, or the FDCPA and the Pennsylvania Consumer Protection Act will readily know what my lawsuit was all about. I am not a lawyer. I do not offer any legal advise. Obviously, I wonder whether Trans Union, having been made aware of the situation concerning NCO having reported to them in its own name about me has any obligation to each of the other persons upon whom it maintains personal credit profiles to verify the accuracy of the information reported by NCO. I am told the FCRA places certain obligations on credit reporting agencies concerning the accuracy of the information it includes in a person's credit report and provides to others. mba9999@aol.com Pittsburgh, PA 15221 April 6, 2000
RE: About NCO and TransUnion "Obviously, I wonder whether Trans Union, having been made aware of the situation concerning NCO having reported to them in its own name about me has any obligation to each of the other persons upon whom it maintains personal credit profiles to verify the accuracy of the information reported by NCO. I am told the FCRA places certain obligations on credit reporting agencies concerning the accuracy of the information it includes in a person's credit report and provides to others." I imagine they are very well aware of the situation, but as far as their obligations do nothing more than pay lip service to that. TransUnion has demonstrated they are they greediest and least moral of the CRA's. Their sole concern is money and are more than willing to sell their information to every last marketing scammer (Credicorp is a prime example) in the industry. When given the option between taking NCO's (and others collection agencies) money for posting what they very well KNOW are lies and following the rules, its obvious they'll take the money EVERY SINGLE TIME. AFTER you win your case, TransUnion will naturally remove these lies placed on your account and WHEN NCO is busted and closed down while they may remove the rest, its doubtful unless a court puts a gun to their head its just not worth their effort or bottom line. For that matter I am highly doubtful that any government body or court will place any culpability on TransUnion's hands. Pity.
RE: About NCO: To Kristi at C Kristi: My case went to Arbitration in state court as scheduled and an award was entered in favor of me. Do you (or do others at your firm) ever counsel persons who reside in Pennsylvania?
