Like any other collection agency, NCO Financial has been notorious for harassing people for collecting debt that has not been paid off. They record negative items on our credit reports and ruin our credit history in the process.
There are, however, some basic things that we can resort to prevent them from taking control of our lives.
1. A very simple thing to do is to send them a letter and request them to stop harassing us. We should make it clear to them that we will only work with creditors to whom we owe the money, not to any third party agency.
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. Your last resort would be to file for bankruptcy if nothing else works on your favor. But remember, this is not what you should work towards as an easy solution. Give the whole process some time, try to work with NCO, check out all your options and make the right judgments accordingly.
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.
Attorneys suggest various methods to remove the negative items from our credit reports. We can’t do anything in haste, it is a time consuming process but we certainly can enter into an agreement with NCO to work towards it.
1. Disputing the account with the credit bureaus might be a very wise thing to do. We should most certainly dispute any questionable item that is reflected on the credit report.
2. NCO cannot expect you to pay off the debt without proving to you that you really owe them the money. Try the debt validation process, give NCO the chance to prove the validity of the debt they listed on your credit report.
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. When you are dealing with NCO or any other collection agency, it is important to be patient. After all, what they want from you is the money you owe them; by being patient you can work out a payment plan with them. Once they are assured that you will do your best to make payments, they might be ready to remove the debt from your credit report.
It is up to us to make the right decisions, act wisely and do everything we can to pay off the debt. As long as we act responsibly and judiciously, we can hope NCO will come around and co-operate with customers in the future.
You are not the only one if you are a victim of nco financial. You should outplay nco financial at their own game, you really should.
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