NCO Financial - Stop the Harassment

When someone is contacted by NCO it is about an outstanding debt. They are also referred to as NCO financial, NCO group or a variation of NCO. They have a past of breaking legislation with their collection methods.

NCO Financial is hired as a third party to collect unpaid debts for companies. They have a reputation for unethical practices and have been know to use harassment, threats and intimidation.

NCO was punished in 2004 for violating the Fair Credit Reporting Act. They were caught working the credit system in an attempt to keep a delinquent debt on the borrowers' credit report for longer than 7 years. They were forced to pay $1.5 million dollars to the FTC.

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.

You should send this letter certified mail and save copies of all communication between you and the collection agency. These copies will be evidence if a lawsuit is necessary or to just file a complaint.

The collection agency will be able to notify you of how they plan on continuing the collection. Then according to the Fair Debt Collections Practices Act they agency can no longer contact you. This legislation was created in 1996 because congress needed to protect debtors from the collection agencies and their collection methods.

The Fair Debt Collections Practices Act says debt collectors can not misrepresent themselves or tell anyone else about your debt other than you and your attorney. Typically this piece of legislation is completely ignored and collection agencies frequently go unchecked.

The FDCPA was passed to protect people and unfortunately enforcement is lacking. Filling a law suit can be very frustrating and expensive. Many collection agencies are fly by night operations that have made it there business to hide assets from lawsuits.

To learn more about how to remove nco financial from your credit report or for a free sample dispute letter in order to dispute a negative listing on your credit report from nco financial click here.