Nelson Watson and Associates - Are they a good company to deal with?

kid pay your bill just cause your credit was 4k doesnt mean your balance cant go over 4k ... over limet fees????

U r getting some poor advice. Please dont play ostrich for your own sake. When an agency is representing a larger cc co they do not report to the bureaus, they forward payment back to the holder of the debt ie large c/c company and they must report. They also cannot garnish wages that is up to the again owner of the debt also, cease and desist letters will stop communications but what is happening to your debt in the mean time? Maybe going to court ? Would you want to know? Or stick your head in the sand and hope your ship doesnt sink. Or maybe try to work things out? I agree some reps are not very professional. But some are and it is after all just a job. But you are making a mistake if you think that they are customer service. The service they provide is to thier client. Any reputable co will provide verification of debt. But my best advice is if you know the debt is yours , and you know fees and interest have been applied , make an arr try to get the interest to stop and be cooperative that is the best way to deal. And if you are not sure if your debt was purchased. (and by the way it still is in contract signed or authorised by you so you legally owe the debt) then go to annualcreditreport .com it really is free no c/c required and see who holds your debt also the original creditor can agree to expunge the debt off of your credit report but the best way to do this is to offer to pay your debt in full.. Because that is more incentive for them to agree .. They dont have to.. And my best piece of advice . Dont lose your cool ask to speak with a manager and express that you are trying to resolve your debt. Oh and by the way your employer can be found either in your credit bureau or a large info data base w/your social security # so providing info just saves time and again tells any reputable agency that you are seriously trying to resolve you debt . And your experience should be more positive. Hope this helped

I do not think that sending a debt validation and a c & d letter is poor advice. i did it, nelson watson validated and i paid. but i first had to deal with people breaking the c & d letter they recieved and called me up screaming. it was so bad that i had to speak to upper management and they blocked up my whole file so only supervisors could see it.

yes they are pulling your chain.... they never call capital one, its all done while your on hold, they pretend to call. nelson & watson come up with the prices themselves

Be careful. This collection agencyowns the debt now, NOT Capital One. This agency buys debts for about 18 cents or less on the dollar. They will still be making well off and they keep the money, Not Capital One. Capital One sells their debts for a fraction of the cost to clear their books on bad charged off debt and this collection company profits by inflating the debt (which is illegal per FDCPA). Anyone dealing with collection agencies be forewarned...CAs make the money, not the original creditor. They will say they are contacting Capital One or the OC and they are in fact not. Also be aware that SOL is only for reporting to credit reports. They can and sometimes due try to collect (by law is ok to) for as long as they want. they just cannot report it after so many years (varies by states).

good info,except once the SOL has passed(and it's different for each state and kind of debt)and often is shorter than the 7.5 yr reporting window.once that lapses it's the persons choice whether to pay or not.if a creditor tries to sue on a time barred debt,they can be sued by the person.they can try to collect,but a complete C&D letter does the trick as any attmept to collect after that gets the collector sued.again good info except the last part.

your an idiot not all debt is purchased...

when you call nelson watson and assoc ask if they purchased any debt from cap one
i bet the answer is no resurgent purchases debt, the office services cap one accounts

listen folks.... if you owe money pay it... if you dont then dont pay it. ie. if i lend you 400 dollars and you tell me... hey ill pay you next week. Then i tell you ok, but if you dont, you owe me 5 dollars extra evry week until its paid back in full. Then, lets say you have a hardship, and takes you 6 months to pay me back. Am i wrong for wanting the whole thing back. You agreed to the terms when you took the money. Right? Forget about SOL. Its about your responsibility as an adult. Its not "lets make a deal." And yes I realize that its probably a major credit card that is owed and that company probably has millions of dollars and you dont. Still the money is owed. Pay it and move on with life. Just a thought. Nelson Watson is a licensed collection agency. I have looked them up. You cannot be licensed and be a scam. If someone there breaks the law. Bag em. Be educated before you call them in case they slip up. More than likely its few and far between, and what you see on the internet is people taking the low road and bashing a company that in reality probably isn't that bad. NO one likes a bill collector.

Just cause its a collection agency DOES NOT mean its legitimate. Just cause they are licensed in one state DOES NOT mean its licensed to collect in others. ANY company that treats people the way this one does is not legit. Most licensed agencies are SCAMS. Buy a debt of $3000 for $30 and sues you for $5000, that is a scam, plain and simple!

i don't work for them but owe lots of debt myself,, the only thing i can tell you is dispute the bill. all that means is they will send u the contract u signed when u got the card,,. unfortunately it IS possible to owe 7k as opposed to 4k because interest builds on top of over limit fees late fees and whatever fees capital one decides to smack you with. nelson watson cant add to ur debt no collector can. so it sounds like fees from the credit card company. u have no choice but to pay it unfortunately,, happened to me. sux

they don't get to choose how much you get to settle and account for. Capital One give them the criteria and they cannot override what Capital One has said. At this point you are no longer considered a consumer, you are in a pre-lit office and are not going to be treated with customer service.

Capital One doesn't sell debt. Sorry