NCO-JDB or CA?

[jmf8756]

Does anyone have any experience with whether or not NCO is a JDB or a CA? I realize they have many different entities and collect on all types of things. DH has a repo on his credit report. OC was Service Financial who sold the debt to First American in 2009 shortly after the repo, and now NCO (SST/CIGPFICORP) acquired it the middle of 2011. DOFD is June 2008 so I'm planning to start working on this one after June as the SOL will be up then. I'm just wondering how much of a fight they are going to be when I try to DV them. I suspect they don't have things in order because the amount they are asking for is double what the OC wrote off 3 years ago but it's still a large amount so that worries me.

[rslifkin]

Be not afraid!

 

I have dealt with NCO before.

 

Back in either 2009 or 2010 I forget, NCO popped up on my reports. Some odd NCO FINANCIAL/99 name, or something like that. State of Delaware address. The amount was for $1300 or so.

 

I was very scared. I did not know what it could be, OR had a faint idea.. but the amount was not adding up. I did not have that kind of money, and was angered it appeared on my reports.

 

I spent a solid two days reading the board back then, posting up a topic and question and the concensus was unanimous: "NCO folds easy. DV them, and they go away." This to me says JDB, or Junk Debt Buyer, which is an unofficial worser version of a CA as they are still a Collections Agency...

I did and *poof* Two days later, CM-RRR was out. A week after that? *poof* *gone* Off reports.. no reinsertion. And ive been stirring the bee's nest with disputing things, getting old addresses removed.. on and off, ever since. Im in "full steam ahead" mode again. It is MY credit on the line; No reason NOT to be proactive, and ACTIVELY PARTICIPATE.

 

I'm just wondering how much of a fight they are going to be when I try to DV them

 

They will probably fold like a wet noodle. They probably just have a name match, or something else, and its old. They go away. (Ive had some dogfights, still do.. but NCO was like driving a Ferrari in terms of how easy it was to get them gone.)

 

I dont have ANY of the letters or documents from that time due to life events, but I know i sent them a 4-paragraph, custom-tailored version of a DV. There was some FCRA and FDCPA citations in it, in paragraph three, i think; "Give them just enough to show them you know your stuff." Do not threaten to sue or they either 1. Dig in, or 2. Do not take it seriously, your dispute as a whole. AVOID "I WILL SUE" LANGUAGE, IMHO and this advice is echoed by MANY. Dont use an EXACT c/p of a sample DV; tailoring it is KEY. It may have been a couple years, but I remember how good it felt when i DVd my first baddie. And no, they did not reinsert!

 

Getting off the soapbox now.. I hope my advice has been helpful. Thank you.

[jmf8756]

I'm just worried because of the amount. The OC wrote off $12k and NCO is reporting the same number as the balance, but a past due amount of about $19k that they add $400/a month to (that was what the original monthly payment of the loan was). But, they sent a dunning letter about a month ago for over $24k! We are in Texas so can DV at any time, aren't limited to the first 30 days.

[jmf8756]

I'm sure he owes something, just not convinced it's any of these amounts. I've read up on trying to validate repos so I know I need to ask them to validate to make sure they followed proper guidelines and such. I'm just not ready to do that until 4 years has passed.

[Gronnie]

I would try to get the thread title edited to state that you are in Texas. Also, check out WhyChat's website for help on handling a repo.