How to Remove NCO Financial Systems From Credit Report

Who is NCO Financial Systems?

NCO is a debt collection agency headquartered in Horsham, Pennsylvania. They specialize in accounts receivable management.

NCO Financial is a subsidiary of EGS Financial Care, Inc. aka Expert Global Solutions, which was purchased by Alorica, Inc. in 2016 to form the largest BPO company in the United States.

NCO Financial Systems, Inc. goes by several names:

NCO Credit
NCO Financial Services
NCO Group
NCO Portfolio Management

You may see them listed on your credit report as a collections account. This can happen if you didn’t pay a bill.

Who does NCO Financial collect for?

NCO Financial collects debts for companies in numerous industries, including credit card, ecommerce, financial institutions, medical, student loan, and subscription services.

Is NCO Financial legit or a scam?

NCO Financial is a legitimate company. They’ve been in business since 1926 and are one of the largest collection agencies in the US.

However, they may repeatedly spam call, text, or email you.

How can I remove NCO Financial Systems from my credit report?

NCO collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)

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Lexington Law Firm is a credit repair company that helps people fix their credit.

In addition to collections, Lexington Law helps you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

Call Lexington Law now to learn more: (800) 220-0084

Has NCO Financial Systems Inc. tried to contact you recently?

NCO Financial Systems has been known to harass consumers. They are one of the most notoriously poor debt collectors out there. One website alone lists almost 200 complaints against NCO.

Nobody likes hearing from a debt collector, and NCO has proven to be one of the more aggressive in the country. Regardless of how old your debt is, they will still attempt to find out where you are to collect the debt that they believe is owed to them.

NCO collection agency has been known to pursue debts as much as 15 years old! They will also pursue you for debt that has never belonged to you.

Do not allow collection agencies to violate your rights under the Fair Debt Collection Practices Act (FDCPA). If you want to take a stand against them, keep reading; you have options.

NCO Financial Systems Inc. Contact Information

Address:

NCO Financial Systems
507 Prudential Rd
Horsham, PA 19044-2308

Phone number: (215)-441-3000 or (208) 375-9640

Should I contact or pay NCO Financial Systems, Inc.?

It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.

The most effective way to deal with NCO Financial Systems is to work with a credit repair professional. They delete millions of negative items every year from companies like NCO Financial Systems on behalf of their clients.

And they may be able to help you too.

Will NCO Financial Systems, Inc. sue me or garnish my wages?

It’s possible, but if you work with a law firm like Lexington Law, you have nothing to worry about. They help you dispute the collection account with the credit bureaus and possibly remove it from your credit report. It’s also possible that you never hear from or have to deal with NCO Financial Systems again.

Call Lexington Law Firm to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.

Wage Garnishment

Some states allow wage garnishment, while others do not. If you are in a state that does not allow wage garnishment, it is illegal for a debt collector to threaten to garnish your wages.

It is also illegal for NCO Financial Systems to make any claims they cannot or will not follow through on. This includes threatening to sue you or foreclose on your home.

NCO Financial Systems, Inc. Complaints

Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Lexington Law knows that you have rights, and NCO Financial Systems does too.

Your Rights When Dealing with NCO Financial Systems, Inc.

Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:

It is a violation of federal law for NCO Financial Systems to report inaccurate or incomplete information on your credit report.
You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
NCO Financial Systems may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
NCO Financial Systems must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
NCO Financial Systems cannot threaten to have you arrested or imprisoned over unpaid debts.

: Avoid the phone. Never talk to a debt collector on the phone. The less they know about you, the better.

Politely tell NCO Financial Systems it’s your policy to deal with everything in writing. Ask for a letter with details about the original debt, then hang up. If they keep calling, send them a cease & desist letter.

Record their phone calls. If you must deal with a debt collection agency on the phone, record them. Thirty-five states and the District of Columbia allow you to record your phone conversations secretly.

In the other 15 states, you can record with the other party’s permission. If you tell the debt collector you intend to record, and they keep talking, consider it permission. They will usually hang up.

Don’t believe what they say. Debt collection companies are known to make false threats, lie, and tell you whatever they need to tell you to get you to pay the debt.

Don’t attempt to hide money. Hiding money or assets from a legitimate debt collector is illegal if you owe them. However, bank account and credit card information should be kept private.

Don’t ignore them. You can do things on your terms, but ignoring the situation will not make NCO Financial Systems go away. Ignoring them sets you up for a possible lawsuit.

Know Your State’s Statute of Limitations. Each state has a statute of limitations on debt. Once your debt reaches a certain age, it is considered “zombie debt,” and you are no longer legally obligated to pay it. The age limit varies from state to state, but it’s typically around 4-6 years.

A collection agency is still allowed to contact you about these debts, but they can no longer sue you for them, and you are not required to pay them.

Remove NCO Financial From Your Credit Report Today!

Lexington Law Firm specializes in disputing NCO Financial collections. They have over 18 years of experience and have removed over 7 million negative items for their clients in 2020 alone.