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NCO Group - End the Calls

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 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.

In 2004 the FTC imposed a $1.5 million dollar punishment on NCO. NCO had been exploiting the credit system. They were reporting debts late in order to keep the debt on the borrowers' credit report for more than 7 years. The fair credit reporting act says that a delinquent debt can by law only remain on your credit report for 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.

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