NCO Financial Systems Informative - NCO: "Ebay/PayPal debt will not go on credit report." true/false???
For the past several years, I sold miscellaneous merchandise on ebay and primarily used PayPal to collect payments.
About one year ago, I received a string of chargebacks on high-dollar items. This left my PayPal account with nearly $1,000 in the red. I provided delivery confirmation numbers for all of the cases, and PayPal reimbursed me for half of the cases, but for some reason they didn't decide in my favor for nearly $500 worth of merchandise?!?
I got so aggravated with PayPal that I quit selling on eBay. I ignored the emails from PayPal regarding my negative balance.
Then a few weeks ago, I received a letter from NCO Financial stating that I owed $472! I have a perfect credit-rating and have never missed a payment in my life. I immediately tried to contact PayPal via telephone, which was impossible. I resorted to emailing them which took forever to go through their online screening process... only to receive a generic response telling me to simply pay NCO.
(I ended up losing the letter from NCO on a business trip prior to calling NCO...)
I called NCO, waited on hold for several minutes, and then reached a lady that had never even heard of PayPal. She asked me if it was a department store?! She gave me another phone number to call. I called it, but they couldn't find any record of my account. She gave me yet another number to call. I called it, and once again, they couldn't find a record of my account!
The lady said, "Well, you'll just have to wait until you receive a call from us or get another letter." I was extremely aggravated at this comment, and she explained that "eBay and PayPal collections would not get turned over to the credit bureaus..." and went on to say that they "were having a lot of legal problems with ebay and paypal that were trying to get worked out..."
She confirmed to me that I was in no danger of having my credit record scarred by an ebay or paypal account.
Can anyone out there confirm or disprove this claim??? I want to be absolutely sure that my credit record is not in any danger.
Although the debt was wrongfully forwarded on to me, I am willing to pay it off to clear up this mess and go on with my life... but I don't want to sit around waiting for another letter when time may be running out for me to prevent any negative credit reports.
Thanks for your information!