Stop NCO Collections!
Are you receiving unwanted, repeated calls and letters from NCO Financial Systems? Please review the information below to find out more about this well known debt collector or fill out our free fair debt collection consultation form for help to stop the calls and letters from NCO!
A Fair Debt Collection Practices Act Attorney could help you stop the phone calls and letters from NCO Financial even if you do owe the debt! Don't put up with debt collector abuse from NCO Collections, the Fair Debt Collection Practices Act and State Debt Collection Law could help you stop the harassment and you could be entitled to monetary damages!
NCO Financial Systems, Inc.
( Also goes by the name of NCO Portfolio Management)
507 Prudential Rd
Horsham, PA 19044-2308
Phone: (215) 441-3000
Fax: (215) 441-3923
Web Address: www.ncogroup.com
NCO Financial has been dubbed by many consumer advocates as allegedly "the worst collector" in America! Each year NCO is sued under the FDCPA countless times for alleged violations and as consumers become educated as to their rights under Fair Debt Law, this number may continue to grow. Their yearly revenue in the hundreds of millions of dollars and much of that comes from harassed consumers who just put up with the debt collector abuse from NCO and paid, unaware that they had any rights at all concerning NCO Financials methods of debt collection. If you are being harassed by NCO, contact Fair Debt Collection Practices Act Attorneys to fight back and help you protect your consumer rights!
If you have received phone calls from any of the phone numbers listed below, it is NCO Collections Agents calling.
800-709-8625 or 888-804-3488 or 877-803-8009 or 800-541-2742 or 888-688-7929 or 800-445-4918 or 866-569-8956 or 800-218-1175 or 800-448-9576 or 800-684-8429 or 866-429-3592 or 800-976-8307 or 877-871-6484 or 800-735-6588 or 800-220-1942 or 877-778-1799 or 800-227-4000 or 800-807-7809 or 866-626-9112 or 866-425-8131 or 800-967-4100 or 877-252-4534 or 877-202-9074 or 888-691-8955 or 888-259-3021 or 800-437-7403 or 800-383-4761 or 866-360-9791
If NCO does not comply with the Fair Debt Collections Practices Act or state debt collection law, you could be entitled to $1000 per violation and they may have to pay your attorney's fees and potentially, the debt itself.
NCO Group to Pay Largest FCRA Civil Penalty to Date
One of the nation's largest debt-collection firms will pay $1.5 million to settle Federal Trade Commission charges that it violated the Fair Credit Reporting Act(FCRA) by reporting inaccurate information about consumer accounts to credit bureaus. The civil penalty against Pennsylvania-based NCO Group, Inc. is the largest civil penalty ever obtained in a FCRA case.
According to the FTC's complaint, defendants NCO Group, Inc.; NCO Financial Systems, Inc.; and NCO Portfolio Management, Inc. violated Section 623(a)(5) of the Fair Credit Reporting Act. The law specifies that any entity that reports information to credit bureaus about a delinquent consumer account that has been placed for collection or written off must report the actual month and year the account first became delinquent. In turn, this date is used by the credit bureaus to measure the maximum seven-year reporting period the FCRA mandates. The provision helps ensure that outdated debts - debts that are beyond this seven-year reporting period - do not appear on a consumer's credit report. Violations of this provision of the FCRA are subject to civil penalties of $2,500 per violation.
The FTC charges that NCO reported accounts using later-than-actual delinquency dates. Reporting later-than-actual dates may cause negative information to remain in a consumer's credit file beyond the seven-year reporting period permitted by the FCRA for most information. When this occurs, consumers' credit scores may be lowered, possibly resulting in their rejection for credit or their having to pay a higher interest rate.