If nothing else, I was very relieved to see that we are not the only consumers that NCO has tried to rip off!
We received a letter from them this past week that states we owe $50.00 in interest on a credit card that was paid off in full and closed many, many years ago. (So many years ago that it doesn't even show up on my husband's credit report anymore...) What I truly found interesting was NCO's "calculation" of the interest: No Principal Balance, but $60.00 in interest. Funny, but last time I checked, if there wasn't a balance to charge interest to, there was no interest to be paid. Hmmm, simple deductive reasoning... It's an amazing tool!
Needless to say that after reading the vast amount of horror stories here and what others have had to contend with while dealing with NCO, we are taking the bull by the horns and stopping this situation immediately. We're mailing out a validation of debt tomorrow and seeing what kind of reply we get. How in the world can we owe interest on an account that doesn't even exist anymore? Where does this company get off thinking that consumers are just going to fork over money to them without questioning the reason behind it?
NCO just picked the wrong consumers to try and scam... We are the type of consumers they hate... We are informed and actually question things!
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