NCO Financial Systems Complaint - Report to Credit Bureaus
HOUSTON, TEXAS -- How are these people still in business? O.K. Based on ALL the reviews I read from this site, in addition to all the Class Action Suits against it, EVERYONE who has responded to this forum needs to write complaints to:
1) The Federal Trade Commission
2) Their State's Attorney General
3) The Attorney General if the State where the company has their location
4) The reporting Credit Bureaus
5) The Original Creditor (if applicable)
6) The Better Business Bureau, and
7) The Department of Business and Professional Regulations
All it takes is one letter, cut and pasted.
In my attempt, to no avail, to find out what the heck is going on, I realized that there are several companies with the same name in various states. It appears as if NCO Financial Systems, Inc. and NCO Financial Services, Inc. are the same, based on the complaints against them.Could they all be the same company? I just don’t know.
Now, my situation with NCO is different. I never received any letters or phone calls. They just appeared on my credit report (2/3). I found out because my credit score dropped from 720 to 643 in two months. I've worked VERY hard to repair my credit after a bankruptcy 7 years ago, and these snakes, for a lack of a better word, recklessly damage it again. The date they say the account was opened is inaccurate. Impossible. I never applied for any credit during or near that period in an effort to build a stronger credit profile. Now, the only thing I can assume is, IF (an operative word) the debt is legitimate, then they altered the date of the original loan to make it appear as if the debt began when they acquired it. IF that is the case, the they are in violation of the Fair Debt Collection Practices Act because they are providing inaccurate information. After VERY little research, I discovered that in fact there was a class action suit filed against NCO for the very same reason. The plaintiffs won the case and were awarded monetary damages, including lawyers fees. See the link.
Now, if the debt is not a legitimate one, then they are still reporting inaccurate information, willfully and deceivingly attempting to scam me. If anyone is a lawyer, am I right about their obvious violation, assuming my hypothesis? I’ve recorded a dispute with the reporting credit bureaus, but I don’t have much confidence in them since I’m sure they are well aware of the consumer complaints against NCO. What do I do now?
Other links regarding lawsuits:
Other sites regarding NCO: