Ncofs Dept

NCO Financial Systems is an accounts receivable management company based in Horsham, Pennsylvania. Besides Fixed Fee Collections, First Party Collections and Third Party Collection Services, they are also a leading purchaser of bad debt and charge-offs. NCO may be attempting to collect a debt you owe to companies like Citibank, Chase, AOL and Verizon or it may be collecting debt it has purchased.
NCO Financial Systems is an accounts receivable management company based in Horsham, Pennsylvania. Besides Fixed Fee Collections, First Party Collections and Third Party Collection Services, they are also a leading purchaser of bad debt and charge-offs. NCO may be attempting to collect a debt you owe to companies like Citibank, Chase, AOL and Verizon or it may be collecting debt it has purchased.

In 2004, NCO was fined $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.\» (FTC NCO Case File 992-3012)

In 2006, NCO paid $300,000 in settlement to the Commonwealth of Pennsylvania after an investigation of over 800 complaints to the Pennsylvania Attorney General\’s Bureau of Consumer Protection. (PA Attorney General Press Release)

If you need to file a complaint regarding NCO, you may do so online with the PA Attorney General\’s Bureau of Consumer Protection and the Federal Trade Commission (FTC) Bureau of Consumer Protection. You may also contact your particular state\’s Attorney General.

As with all debt collection agencies, you should be careful what information you provide or questions that you answer when communicating with debt collectors as this may restart the statute of limitations on your debt or create a legally binding agreement.

Need help fixing your credit report? Call the experts at Lexington Law at 877-573-2943.

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