Anyone dealt with NCO Financial?

If I were you, I would deal directly with the creditor and not the credit agency. I had an AMEX charge-off that was sent to NCO for collection. I tried to negotiate with NCO without any luck but then decided, upon the advice of another, to deal with AMEX. I did so and the charge-off is now history. My advice, negotiate with the creditor; they have the ultimate power in removing a delinquency from your report. Good luck!

 

They are evil.

In December, I reached an agreement with them to settle a debt with an agreement that nothing negative would appear on my credit report. They agreed.

They then reported it as a loan that defaulted and also 90 days late. They never reported it as paid.

When I contacted them, they basically said we have your money - drop dead.

I went to the original creditor and got them to write me a letter saying that no negative references should appear on my CRA's. Eventually all three CRA's deleted the negative references. It took over four months.

But, I just got denied credit based on overdue accounts/bad debts. These can only be the same loan. So I assume that they reinserted the items. I am attempting to get my Equifax report (that's a whole other story).

Of interest, they claim they are part of Wells Fargo Bank. Did they tell you that?

Do not deal with these people.

 

They suck s**t....!!!

Words of Wisdom... Don't call them or any CA ALWAYS write! Once you call you are falling prey to their silly-lying game they play. They are well known for adding your phone number to your credit report. They are notorious this..!! Then collectors will come from out of the wood work. As we all... know CA feel they can't collect if they don't call..!!!

Good luck to you

MartysGirl

 

I dealt with them regarding 3 emergency room medical bills. I waitied until the SOL ran out. In PA the sol is 4 years. In December of 2000, I wrote them a letter demanding validation of the debts. The removed the information from my credit reports. I had 3 collection tradelines from all three bureaus.

NCO is world famous for not keeping accurate records. It sounds chaotic when you call, I received various information from their reps ect. If all else fails. Wait them out.

 

Chuck out www.budhibbs.com for information on nasty collection agencies. The best way to beat them is to get them to screw up repeatedly.

 

Yep!

I got NCO so scared they won't even send me a bill or demand for payment or anything else.

My wife has an X.Com deal going with them and all they will do is to call on the phone trying to talk to her. They usually call on Sunday morning, but they missed calling last Sunday. Every time they call I tell them she won't talk to them on the phone and that they will have to send her a letter. They say that they can't do that.

After the whipping I gave them last time I can't say as I blame them for not wanting to take any chances ofletting me get into the fight. Last time was hilarious to say the least, but I doubt they will ever take a chance on getting into another hassle with me.

 

------------------------------------------------------------------------------------
Every time they call I tell them she won't talk to them on the phone and
that they will have to send her a letter. They say that they can't do that.
----------------------------------------------------------------------------------------


ALWAYS IN WRITING...NEVER BY PHONE.

They can't send a letter, because they will be held liable for anything they say...on the phone they can say you "HEARD IT WRONG"...

 

By the way, the bud hibbs site is really informative, but unfortunately MR Hibbs view is to only send out cease and desist letters and he also thinks that you should just let them sue you. I like to take a more proactive approach and so do the others here on this board. His premise is walking away from your debts if you cant pay, after all it is better than filing bankruptcy. Maybe he is right in severe cases, but this would hardly make one judgement proof. The creditnet posters are about taking charge of your financial situation,. Good Luck!!

 

You are preaching to the choir on that one, George.

That's one of the first things I teach my students. Never talk to them on the phone.

The reason is not only the fact that if you talk to them on the phone, they will run you around Robin Hood's bard so hard that you'll wish it would fall in on you, but worse yet, you have no way to go back on them with good repair tactics.

 

One could get better gossip out of Aunt Mable's quilting party than they could from Bud Hibbs.

Just about nearly if not totally and completely worthless

His list of bad apples is pretty accurate though.

 

OK FINE DON'T READ IT...

 

I already did, several times over.

At first, I thought he really did have some interesting stuff, but when you really get down to studying what he has to say, reality begins to set in.

 

Absolutely! Way to go!

You don't really need to worry all that much about the law itself in general although it does help in some situations.
The specific ones you need to know very well is the FCRA and the FDCPA.

Those are available right here on the net as yoo know very well. I recommend you print them out in their entirety. Be aware that the FTC website does not carry the full and complete text of the law. Other websites do, and they are pretty easy to find. The FTC website is more than enough for starters. They also have other interesting and useful topics on the website topinions, rulings and other things. You don't need to print out all that. Just the law itself.

It's a lot easier to understand in print than it is on screen.

You can get along pretty well with just that. Where the going gets a lot tougher is when it comes to crafting effective letters and strategies needed to go out and trap them into doing something wrong and then being able to do something about it without ever having to go to court. You really don't want to ever have to do that if you don't have to. Those are the things that I teach people how to do.

You should do just fine. Use your head and try to think each situation through. Always ask yourself one question repeatedly. "DOES THIS MAKE SENSE???" If it don't, don't "buy" into it, not from collection agencies, credit bureaus, creditors nor anybody else. If it don't make good common sense, don't do it.