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NCO - End the Harassment

Jul 12, 2008
You are being contacted by NCO Financial concerning a delinquent debt. NCO Financial is commonly referred to as NCO group, NCO collections or a similar variation. NCO is third party collection agency with a checkered history.

NCO is often hired to come in and collect a debt for a lender they also will purchase debts and collect for themselves. They have a reputation for ruthless collection methods that often run afoul of the law.

In 2004 NCO violated the FCRA or Fair Credit Reporting Act. The FTC imposed a strict penalty and forced NCO to pay 1.5 million dollars. They were in violation because according to the Fair Credit Reporting Act a delinquent debt can only remain on your credit history for a maximum of 7 years. NCO was reporting late dates, in an attempt to manipulate the system and have a debt be listed for more than 7 years.

Collection agencies in general have a history of abusing debtors. They will call your home, place of work, friends and relatives all in an attempt to collect the debt. So in order to stop the calls, you must write the collection agency a letter. In this letter you simply tell the collection agency to stop contacting you regarding collection of the debt.

I strongly recommend sending this letter certified mail, so you have proof that it was sent. Also fax a copy and save all documentation of any communication between you and the agency. This will help when filing a complaint or filing a lawsuit against the collection agency.

When this letter is received the collection agency will be able to contact you once more in regards to how they will move forward with collecting the debt. This is the law according to the Fair Debt Collections Practices Act of 1996 which was made in response to overwhelming complaints of unethical collection methods by collection agencies.

The FDCPA says that debt collectors must be ethical in their collection methods. Meaning they can not misrepresent themselves or use undue influence to force you to make a payment. Often this law is overlooked by collection agencies.

The FDCPA was an attempt by congress to protect debtors from being abused by debt collectors. Collection agencies are frequently brought to court because they do not comply with the FDCPA. However agencies have become very skillful at hiding assets and changing their operation name to avoid a lawsuit or paying on a successful one.
About the Author
To learn more on how to deal with NCO Financial or how to remove a negative listing from NCO Financial Systems visit us.
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