nco and capital one help

They are yanking your chain, so take a deep breath! NCO is a CA....they cannot turn anything over to the county. They would have to forward the account onto an attorney who lives in your area first before any lawsuit could be filed, so technically you got them on an 1.

I thought I would have at least received a letter or something first.

I really just don't know how this works. I've read NCO can be a pita to get the debt sized down a bit. I would pay the whole amount, but if there is any way I can manage to have it adjusted, it would be awesome.

Any advice would be much appreciated! I've read so much, and it usually pertains to larger and older debts. My debt, obviously, isn't gigantic or old. Do I write a letter to NCO to ask about an adjustment? Do I do a DV first? Does the request for a smaller amount get send certified with receipt?

Thanks again!

First off, use the correct lingo. You want a settlement, not an adjustment. They will walk all over you if you use any other term.

Personally, if you have the money, I would suggest calling between christmas and new years and offer them a settlement at say 40%...it gives you negotiating room. If they want it, they will fax you a settlement letter....you never accept or pay a settlement without it being done in writing. (Collectors will be scrambling to meet their december goals....they will be more open to a bigger settlement.) If you dont have a fax, have the fax number of your local kinko's or other fax machine ready and waiting.

Great! Thanks so much! (Can you tell I'm totally new at this?)

I honestly can't get any money to them until my tax return (three kids and Christmas isn't easy when you're temporarily out of work), but maybe I could write them now to offer a settlement at 40% to get the ball rolling. Would that be a good idea? I do have a fax machine. Also, would it be better to call or write with the settlement offer? I was told to keep every bit of contact with them in writing.

I would ignore them ...period. They cannot do anything to you....I wouldnt contact them at all until YOU are ready to settle. Enjoy christmas. Let them call and break the law some more.

NCO contacted me regarding capital one but never valdiated the debt. they eventually turend me over to nelson watson

NCO more than likely didnt turn you over to Nelson watson...capital one probably did

NCO being a collection agency can not press any charges or turn you over to your county, Capitol One can, but NCO can not. Ignore the calls until you can possibly pay it off, and go for the settlement. The will accept breaking the settlement up into portions but need a credit card or bank account number to do that. I recommend getting a prepaid debit card from say Wal-Mart and set up payments through that instead of giving any personal information. They can and will take extra interest out of your account if it is available, so a pre-paid debit and the exact amount that was agreed upon is much safer.

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I wouldn't pay them a dime. Let them rack up the FDCPA violations, retain a consumer rights attorney, sue them in federal court, and watch this debt evaporate before you eyes. You can take a long vacation at NCO's expense ... maybe even send them a postcard when you are enjoying a drink on the beach!

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NCO could have sold the debt to Nelson Watson, they are a collection agency and not a law firm.

true, nelson watson is a co (they like to make believe they are a law firm though)

I also had to deal with Capital One and NCO. NCO played dirty and when I contacted Capital One about it, it did not stop. I made sure I had names and all of the 21 times a day NCO called me and my family. I successfully sued both and won $2000. They violated the FDCPA many times and I had the paper trail to prove it. Many attorney's in this area will work for free. Good luck!

good for you, beck.. they cannot treat people like this!! NCO used to call my parents for my uncle who my dad has not spoken to in years! they would call everyday for months, my parents sent a c & d letter and they eventually went away.