If you are being contacted by NCO Financial it is regarding an unpaid debt. Sometimes they are also referred to as NCO group or NCO financial systems. They are an aggressive collection agency with a history of FTC violations.

NCO is typically hired by a lender to come in and collect delinquent debts. They are known for using intimidation, threats and harassment at tools to collect on a debt.

In 2004 NCO violated the FCRA or Fair Credit Reporting Act. The FTC imposed a strict penalty and forced NCO to pay 1.5 million dollars. They were in violation because according to the Fair Credit Reporting Act a delinquent debt can only remain on your credit history for a maximum of 7 years. NCO was reporting late dates, in an attempt to manipulate the system and have a debt be listed for more than 7 years.

Collection agencies in general have a history of abusing debtors. They will call your home, place of work, friends and relatives all in an attempt to collect the debt. So in order to stop the calls, you must write the collection agency a letter. In this letter you simply tell the collection agency to stop contacting you regarding collection of the debt.

You should send this letter certified mail and save copies of all communication between you and the collection agency. These copies will be evidence if a lawsuit is necessary or to just file a complaint.

Upon receipt of this letter, the collection agency will be able to contact you one more time with how they plan on continuing their collection effort. Then contact must stop according to the Fair Debt Collections Practices Act. This act was made by congress to protect debtors from the abuse of debt collectors.

The FDCPA says that debt collectors must be ethical in their collection methods. Meaning they can not misrepresent themselves or use undue influence to force you to make a payment. Often this law is overlooked by collection agencies.

The FDCPA was passed to protect people and unfortunately enforcement is lacking. Filling a law suit can be very frustrating and expensive. Many collection agencies are fly by night operations that have made it there business to hide assets from lawsuits.