NCO Financial Systems Complaint - How I beat NCO without effecting my credit
Resolution Update on 09/27/2010:
Details as to why were included in the post.
I'm sorry to hear of most of all your terrible experiences with NCO. Mine was not that bad.
It started out when I had sold a virtual item on Paypal and deposited the funds I received into my bank. This was a legitimate transaction. A week later the purchaser decided to reverse the transaction and suddenly I owed Paypal $350. I then closed the bank account so Paypal could not withdraw the money for the goods that I had delivered. As a result I was negative $350.
After getting absolutely NOWHERE with Paypal for a few months, I started receiving e-mails from NCO and the occasional phone call.
They all stopped when I typed up a letter that demanded that they provide proof that I was the owner of the debt. Proof that the debt was valid. And return it to me via certified mail, or else I would consider the debt null and void. I sent this via certified mail, and verified it was received.
That was it. Not a single reply or a mail reply.
Six years later my credit score has not been tarnished.
Don't ever use Paypal.