Vent about Credit Bureaus

mohrds · #1 01-05-2006, 06:14 PM

Ok, I watch my credit reports, I have over seven years of never missing a payment, I have a score in the high 700's.

So last month, I get an alert that a "Potentially Negative" item has been placed on my account. I go in and look and dispute it since I had no idea who the company is.

It is listed as an open collection from some NCO Collection agency in Philly, PA. No phone number, no address, no information that would enable me to contact them.

I figured this was a slam-dunk dispute. The Collection Agency would see their reporting to the wrong SS# or whatever they did wrong and it would be over.

Today, I get a response from Experian saying that after thorough investigation, they have determined the information to be accurate!!

WTF?

Did they even contact the collection agency? I would really like that contact info so I can find out who the hell the bill belongs to.

Had I actually owed them a debt, wouldn't logic conclude that the collection agency would send me a letter or call me asking for the money at least once? They certainly can't expect me to just send a check to "NCO, Philadelphia, PA" and expect it to get there.

Better question, why would anyone who always pays their monthly bills on time (totaling well over $3K a month with mortgage, utilities, cars, etc) risk their credit by stiffing some unknown company out of $150???

I heard that The credit Bureaus were losing reputations and banks are starting to look at alternative methods of determining loan worthiness. I for one hope that they dig their own grave.

Not only do the mysteriously lose my official "opt-out" 3rd party marketing requests, but apparently they don't give a damn about the people who's lives they play with, either.

Sorry for the rant.

Doug

NikFu S. · #2 01-05-2006, 06:41 PM

What happened after Experian got back to you?

I'd call them out on flat out lying, but there is always the chance of fraud and ID theft.

Think it's possible someone tried to be you?

mohrds · #3 01-05-2006, 08:21 PM

Quote:

Originally Posted by NikFu S.

Think it's possible someone tried to be you?

Who would want to be me?? Hell, I don't even want to be me

subi-crosser · #4 01-05-2006, 11:39 PM

Quote:

Originally Posted by mohrds

Ok, I watch my credit reports, I have over seven years of never missing a payment, I have a score in the high 700's.

So last month, I get an alert that a "Potentially Negative" item has been placed on my account. I go in and look and dispute it since I had no idea who the company is.

It is listed as an open collection from some NCO Collection agency in Philly, PA. No phone number, no address, no information that would enable me to contact them.

I figured this was a slam-dunk dispute. The Collection Agency would see their reporting to the wrong SS# or whatever they did wrong and it would be over.

Today, I get a response from Experian saying that after thorough investigation, they have determined the information to be accurate!!

WTF?

Did they even contact the collection agency? I would really like that contact info so I can find out who the hell the bill belongs to.

Had I actually owed them a debt, wouldn't logic conclude that the collection agency would send me a letter or call me asking for the money at least once? They certainly can't expect me to just send a check to "NCO, Philadelphia, PA" and expect it to get there.

Better question, why would anyone who always pays their monthly bills on time (totaling well over $3K a month with mortgage, utilities, cars, etc) risk their credit by stiffing some unknown company out of $150???

I heard that The credit Bureaus were losing reputations and banks are starting to look at alternative methods of determining loan worthiness. I for one hope that they dig their own grave.

Not only do the mysteriously lose my official "opt-out" 3rd party marketing requests, but apparently they don't give a damn about the people who's lives they play with, either.

Sorry for the rant.

Doug

I too share your grief!! The letters I sent to the legal department at Lowes, and Nationwide insurance started out like;
" In The Circuit Court Of Allegany County Maryland"

I have been TRYING to get them to remove BOGUS stuff from my report since June of 04, I will now have to 'be compensated' for my damages!!
Can you say "LAWSUIT???" I can!!

ensteele · #5 01-05-2006, 11:43 PM

Don't get me started on this topic!

#6 01-06-2006, 12:20 AM

www.clarkhoward.com

That's all you ever need. Go there, read, learn. His radio program nightly helps people with similar problems. Even if the bill isn't truly for you the collection agency will still try and get your money. If the bill if really yours dont pay it till you get a statement in writing from them saying they will remove this bad mark from your credit score.

mohrds · #7 01-06-2006, 03:49 AM

Quote:

Originally Posted by jjcobra

www.clarkhoward.com

That's all you ever need. Go there, read, learn. His radio program nightly helps people with similar problems. Even if the bill isn't truly for you the collection agency will still try and get your money. If the bill if really yours dont pay it till you get a statement in writing from them saying they will remove this bad mark from your credit score.

That would be fine if I could get ahold of them.

michael · #8 01-06-2006, 06:01 AM

Is it possible you got signed a contract with someone, cell phone,XM,etc.. Sometimes they will set you up with a credit card without you knowing about it. If you do not get the bill or don't pay it they will put it on this card. I

d NCO and it seemed as tho they were legit, what phone# did you call 1-815?