- Report: #1030124
Complaint Review: NCO Financial Systems - Horsham Pennsylvania
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NCO Financial Systems
507 Prudential Road Horsham, 19044 Pennsylvania, U.S.A.
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NCO Financial Systems Unfair Privacy Infringement Horsham Pennsylavania
When I went to pay a Nicor Gas bill I was three days late on, I used a credit card service that Nicor has in place which is in fact NCO Financial Systems INC.
When reading through the privacy statement which I like most people hardly ever read! I came upon something Dishonest that NCO was doing with all personal information they collected during this transaction. They were using any Information gathered to pursue debt placed for collections with NCO and any of their third party agents. They also say that they can share this info with any number of agencies in the pursuit of this debt. Then it hit me like a ton of bricks!!!! I had payed My Nicor bill during a similar situation about 1 year ago, just shortly there after the wife and I started getting a ton of collection calls from NCO and other collection agencies about debt's that dated back to before we got married 11 years ago! Turns out NCO bought that debt and then enacted collection proceedings, including Dinging Our Credit Reports with negatives. This has cost us a fortune in so much as that our Insurance rates have almost doubled. I cant get a credit card nor purchase a home or car with out paying a greater Apr Or Apy then if we had moderate credit! They Have no right to pursue debt in the state where I live which is over 6 years old. Yet they do so with no regard for the law or personal rights.
If anyone knows how to get this to stop please post it! This can help others who are currently trying to pay their bills in good faith and getting screwed by Illegal tactic's
Hawk
roscoe, Illinois
U.S.A.
When reading through the privacy statement which I like most people hardly ever read! I came upon something Dishonest that NCO was doing with all personal information they collected during this transaction. They were using any Information gathered to pursue debt placed for collections with NCO and any of their third party agents. They also say that they can share this info with any number of agencies in the pursuit of this debt. Then it hit me like a ton of bricks!!!! I had payed My Nicor bill during a similar situation about 1 year ago, just shortly there after the wife and I started getting a ton of collection calls from NCO and other collection agencies about debt's that dated back to before we got married 11 years ago! Turns out NCO bought that debt and then enacted collection proceedings, including Dinging Our Credit Reports with negatives. This has cost us a fortune in so much as that our Insurance rates have almost doubled. I cant get a credit card nor purchase a home or car with out paying a greater Apr Or Apy then if we had moderate credit! They Have no right to pursue debt in the state where I live which is over 6 years old. Yet they do so with no regard for the law or personal rights.
If anyone knows how to get this to stop please post it! This can help others who are currently trying to pay their bills in good faith and getting screwed by Illegal tactic's
Hawk
roscoe, Illinois
U.S.A.
3 Updates & Rebuttals
Steve
Bradenton,Florida,
U.S.A.
Hawk, your post does not make sense!
#2Consumer Comment
Sat, October 11, 2008
Hawk, If you were only 3 days late on your gas bill, why not just pay it like normal? Just write a check and mail it like normal. No big deal. If NCO was in any way involved, you were much more than 3 days late. FYI...Each state has its own statute of limitations for how long a debt can be enfoced through the courts. However, bad credit reporting is a minimum of 7 years by federal law. And, your car indurance premiums did not double due to this reporting. That is nonsense. My credit score went down to a 385 and I was surcharged about 20% increase of premiums. Not double.
Steve
Bradenton,Florida,
U.S.A.
Hawk, your post does not make sense!
#3Consumer Comment
Sat, October 11, 2008
Hawk, If you were only 3 days late on your gas bill, why not just pay it like normal? Just write a check and mail it like normal. No big deal. If NCO was in any way involved, you were much more than 3 days late. FYI...Each state has its own statute of limitations for how long a debt can be enfoced through the courts. However, bad credit reporting is a minimum of 7 years by federal law. And, your car indurance premiums did not double due to this reporting. That is nonsense. My credit score went down to a 385 and I was surcharged about 20% increase of premiums. Not double.
Stacey
Dallas,Texas,
U.S.A.
This is one of the worst Third Party Collections Agencies!
#4Consumer Comment
Sat, October 11, 2008
Go to www.budhibbs.com for more info and answers They tried to collect a so called "debt" from me that the company I worked for payed! Good Luck
