NCO Financial
If you have not heard about NCO Financial, NCO Financial is one of the largest collection agencies who has earned a bad reputation for ruining our credit reports. Their ultimate aim is to collect money from us, the money we owe as debt. They harass us to get money from us by hook or crook in spite of our financial difficulties. To get us to pay them at all cost, that is what they are after from the consumers.
There are, however, some basic things that we can resort to prevent them from taking control of our lives.
1. Send NCO a letter to notify them to stop harassing you. Make it very clear to them that the creditor you owe the money to is the company you will deal with, not with any other third party who is trying to get involved in this process.
2. If they continue to harass us after getting that letter, it would be wise of us to hire an attorney who can work on our behalf, use his/her expertise on this matter and let them firmly know about the same course of action.
3. It is likely NCO might stop contacting us if we can negotiate some kind of agreement with them. Once we enter into an agreement, we should let them know in writing that they will receive their first payment only after the negotiated terms are documented and sent to us in writing. It is very important to document everything.
4. Keep in mind that if all fails, you can always file for bankruptcy. But that should be your last resort alternative. Do not try to rush to this decision. Weigh all your options, do whatever you can to come to an agreement with them.
Just like NCO has the right to contact us to make debt payments, we have our rights to defend as well. We have the right to dispute the bill, request NCO to stop calling us at inconvenient times, make a payment via mail and last but not the least get help from another company to help us deal with NCO.
As suggested by attorneys, we can resort to various ways to get the collections from our credit report removed. It would need time and patience but we can negotiate with NCO Financials and work towards it.
1. If there is an item in the credit report that you don’t recognize, dispute it. There is no reason to take them for granted, it is very likely that it might have been put into your credit report by mistake.
2. Another option is to resort to debt validation. This is the only way to make NCO prove that we really owe them the money. They are obligated to prove this if they want to collect the money.
3. If it is proved that you really owe NCO money, you will have to pay them sooner or later. It is good to have a realistic idea about what you can afford to pay. Try to work out a payment plan with them, let them know what you can afford and chances are they will co-operate with you.
4. Always be patient with NCO or any other collection agency. Their ultimate aim is to get the money from you, by being patient and calm; you can work with them and eventually have them remove the debt from your credit report.
No collection agency wants their reputation tarnished. We are the ones who should make informed decisions, use sound judgment to stand up for our rights. Sooner or later NCO will revise the way they do business with customers.
You are not alone if you are being harassed by nco financial. You should beat nco financial at their own game, you most certainly should.
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