NCO Financial Systems Complaint - Attempting to collect a 19 year old debt
FLORIDA -- NCO Financial Systems has been sending me letters every 3 months for the past two years. The letter states that if I do not pay the entire amount within 30 days further legal action will be taken. The debt they are trying to collect is a credit card bill I defaulted on in 1987. Yes, when you do the math, it was 19 years ago. I'm not really even sure how they obtained my address. I have moved three times in the past 19 years. The letters do not really bother me. I realize the statute of limitations has obviously expired. And this particular debt does not show on my credit report.
My main reason for posting this message is due to my concern for individuals who may not be aware of this type of "scam" and may just pay the debt out of fear of legal action or decrease in credit rating. There should definitely be something done about NCO as well as other similar companies.