[beli2005]

I had that happen with them. They were removed from my credit report and haven't contacted me since. I kept the letter in case they tried putting it on my credit report again.

Federal debt has no statute of limitation.

I used to work for Osi. I collected third party federal debt

[sdchargers_63]

Someone said, above, that OSI (?) bought out NCO? What does OSI stand for? I had several letters, from NCO, in the past. ..stating I owed debts that were 10 years old ( or longer). They just got rude and hung up when I was trying to ask questions about my 'account' with them.

Osi. Out sourcing solutions

[kak213]

I just started hearing from NCO and couldn't figure out why they were calling me.
It turns out that I had a Capital One card years ago and defaulted when I lost 2 jobs. This debt is just about ready to be taken off of my credit report because it is almost 7 years old.
I guess NCO would try to see if they could get some money before the debt disappears.
What a bunch of low lifers!!!

[fidoisgood]

I am so sick of these companies being TOTALLY unmonitored, its like the wild west of debt policies, no protocol is followed and they don't care WHO they trample on the way, this is OUTRAGEOUS. We need to start writing our legislators to get these people to follow the LAW!

Just a note too all who have mentioned the recording of these harrassing phone calls:

Regardless of the laws in your state pertaining to telephone recordings; in order to be admissible in court both parties have to agree.

i.e- When you call Capital One, the VRU states that "This call may be monitored or recorded for quality purposes". - by continuing the call and speaking with an agent, you are giving authorization to be recorded and this cannot be taken back.

If YOU intend to record a conversation with Capital One and a) You do not tell the agent you are recording or ask their permisson, or b) You DO tell the agent and they say that you may NOT record the conversation, then it immediately becomes inadmissible in a court of law.

...for you. Capital One may still use their own recording.

Yeah, I am an Account Manager for Capital One, I have been through this many times with our legal team. And seen it in action in court. So think long and hard before you do it.

[paulmergel]

got news for you.if we say we are recording and you stay on the line despite your protests.that constitutes consent.you don't want to be recorded then hang up.once someone informs you of the recording and you stay on the line that is consent.nice try though.i know this because someone close to me did that and they found it admissable.don't want to be recorded hang up.

[NASCAR_Devil]

Moving this to its own thread in the Student Loan Forum

http://www.debtconsolidationcare.com...bout66947.html

In regards to Krak213's comment about his debt being old and about to fall off his credit report, that is incorrect. Debt will fall off of your credit report as long as it stays with the initial creditor you owe. Once the debt is sold to a new creditor the time frame starts over again. So in reality if your debt is say 7 years old and scheduled to fall off of your credit report next year, the creditor will sell the debt to another collector. This begins the time frame over again.

[Chrys Henderson]

Nope. If that were the case, NO ONE's debt would ever reach the SOL as debts are shuffled around numerous times as the years go by....

My mother is totally on Social Security and had a couple of credit cards a few years ago. Due to hard times, she hadn't paid on them in awhile, but then this rep for Applied Bank called and we set up payments for 6mos and have now paid over $130 over her original $500 limit. Now, they are coming after her for abou $600 more for late fees and overlimit fees, etc. Is this legal?? Especially since she's paid off her original balance and then some? Can a Credit Card company/debt collector touch her SS?? They also bully her on the phone, so now she lets the answering machine take the calls. What can we do?

If I am correct no one can touch you mom's social security. I would tell them that she is on SS and tell them to back off.
If she does direct deposit she may have to prove that is the only thing that goes into that account. The only thing that can be taken from SS is federal payment such as back taxes, child support i think and student loans. I hope I haven't steered wrong but that is my understanding.

Account Manager for Capital One...Hmm your REAL title please Unit Manager/Front Line Manager Account Manager..Wow thats a Risk Rep. if they care to call themselves that. What I think these people don't need is a "manager" bullying people in debt. Keep that attitude up and the address for the call center will pop up here by some ticked off customer.

So NCO says they have no record of you. Time to make the Federal credit bureau also validate or verify the NCO debt listed on your credit report per Federal Credit Reporting Act laws. If they can't do it, they have to remove it; and if they don't you sue the Credit bureau in a Federal Lawsuit!