OK, here is the story. My wife had a judgement filed 10/98 against her, it was satisfied 8/00. Today she gets a letter at her old address from NCO trying to collect on this debt. It was paid two years ago. Actually I think it was paid 4/00, but credit report stated it was satisfied 8/00. It is not on her most recent credit report but I have a copy of the check somewhere. How do I go about this? I heard NCO is a pretty crappy colelction agency. Do I just tell them it was paid? Or what? As far as I know NCO was never assigned the debt before the judgement, but I can not be sure of that. Forgot to mention, this shows on NO credit report as of yet. thanks for any help from anyone!
Lbrown59 is right of course ;-) They all are... LOL. Nco buys old, uncollectable debts and they just bother people. This is my opinion, but I personally wouldn't worry about them unless it hits her reports. They are poking around for money. If in the future you ever want to dispute anything associated with this account, I wouldn't admit it was mines in any way. (showing NCO proof it was paid, etc). I hope this makes sense....... Good luck.
It would be wise to worry about it before it hit's your report. By sending an immediate demand for val. (crrr) it should prevent them from reporting to the bureau's. That should go out tomorrow, and if it was me, I'd Fed-Ex it.
Butch, I totally agree, but the reason I said don't worry is because someone else said they asked NCO to validate and boom, it hit their reports, and they had to go through the whole saga of getting it off. They even admitted they should have left it alone, beause NCO turned around and re-sold it. I just didn't think they would want to go through that drama. But of course, your advice to him would stop that from happening;-)
I understand the validation before it hits credit report. But it was said not to admit owning the debt. BUT, the debt was paid, we have proof it was paid TWO YEARS ago. I have a satisfied letter from the lawyer that handled the Judgement. Still go about it in the same manner? Ask for validation, etc. etc. and never give them any info?
An update. I know some of you will think this is bad, but it really isn't. First since the debt is not mine (it's wife's) and it's been paid there isn't really much damage I can do. But, after reading here for a long time I know not to ever say I owe anything, that I have any knowledge of anything etc. So, all I did was call NCO and ask when the debt was assigned. They said it was assigned 9/12/2002. That is all I said to them, they asked me a question about the debt I said it was my wife's and I have no knowledge of it, she just asked me to call and find out when it was assigned. Does this matter? It means the debt was assigned to a collection agency TWO YEARS after it was paid. NCO was actually very nice, but again I didn't deal with them very much; I will be sending out a validation letter today...mainly to keep them from posting this collection on my wife's credit account that I worked so hard at cleaning, hope her newly achieved 779 stays that way.
