You Can Remove NCO Collections From Your CreditFederal laws give you the right to challenge any item on your credit report that you find is questionable.
You can remove any unfair collection by disputing it with the credit bureau where it is listed. This includes collections, negative items and late payments listed by NCO Collections.
In 1970, Congress passed the Fair Credit Reporting Act that allowed consumers to challenge items on their credit reports they felt were innacurate, misleading, biased, or just unverifiable.
When a dispute letter is sent to the bureaus, it is put through their review process. If the bureaus open an investigation with the creditors, the creditors have 30 days to send proof that the item is accurate and worthy of being on the credit report of the consumer. If they cannot (or will not) provide incontestable proof, then the bureaus are obligated to remove the item.
A "deletion letter" is what you want to get in the mail:
Most consumers who dispute NCO Collections collections on their own play a guessing game that the bureaus eventually win.
Unfortunately, a great number of dispute letter requests are deemed "frivolous" - which means the bureau will not open up an investigation with the creditor, and a stall letter is sent back to the consumer.
What are my chances of removing a NCO Collections Collection from my credit report if I dispute it myself?
There are no real good studies to give accurate numbers of what the results are for people disputing their own credit. It's a guessing game. One statistic to keep in mind is provide by Lexington Law: Over 40% of the people who sign up with Lexington's services have tried to to repair their credit on their own and have turned to the trusted leaders in credit report repair for help.
If you're serious about removing your NCO Collections Listing, do yourself a favor and check out Lexington Law. Over 16,000 people are glad they did last year.
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With the recent acquisition of Outsourcing Solutions, Inc., NCO Group is currently the world's largest collection agency with over 30,000 employees. NCO Group was founded in 1926, publicly traded until 2006 when it was taken private by its management group.
In 2004, NCO Group was issued the largest fine ever by the FTC for violations to the Fair Credit Reporting Act, and paid 1.4 million in fines.
Other subsudaries of NCO Group include Portfolio Management, North Shore Agency, Inc. (NSA), Transworld Systems, Inc. (TSI), and University Accounting Service, LLC (UAS).
Contact Info (US):
507 Prudential Road
Horsham, PA 19044
Tel: (800) 220-2274
Website URL: www.ncogroup.com/Services/Credit_Collections.html
BBB Accredited: March 2000
BBB Rating: B+
BBB Report: Click here
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