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Zwicker to NCO and now NCI

Date: Wed, 07/14/2010 - 11:20

Submitted by anonymous
on Wed, 07/14/2010 - 11:20

Posts: 202330 Credits: [Donate]

Total Replies: 10


Has any one delt with NCI. My business Amex went from Zwicker to NCO and NCI. My account is over 200 days past due and the balance is 7500. Try to settle with Zwicker but they would not go beow 60% so I sent them ARB and DV and the account went to NCO, they agreed to settle but changed the story and would nt give me any thing writing so I sent then DV and ARB. They wre quite for while and sent me back my monthly statemen worth about year back. Now I am receving lot of calls from NCI and I have not received any form them in writing yet.


Try to get in touch with American Express directly - at first they may say that they wont talk to you because you are with a collection agency - however amex still owns the debt so they will probably call you back because they often bring the debt back in before they ship it out to another agency - write an offer letter to them at their omaha address - they appear to be more likely to go a lower % if you can do it in a lump sum - you may get as low as 20% - however they told me they do settlements for as long as 24 month payback period at higher %s. Unfortunately i'm not in the position to resolve at even these levels right now - try to get to a senior person - the junior ones are only slightly better than the outside collection agency folks

American Express
7171 MERCY ROAD
PO BOX 6618
OMAHA, NE 68106

Phone number: 888-586-9767

Good luck


lrhall41

Submitted by on Thu, 07/15/2010 - 09:41

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:(Quote:

Originally Posted by dantheman
Keep in mind everybody that Amex does not dismiss the debt like other cc's. While they will show "settled' on your cr, they still show the balance due.


do you mean after settlement and full settled payment to Am Ex my credit report will still show the original amount? yikes ! if that's true won't that make my score stay down "forever"?:(


lrhall41

Submitted by homeseller on Thu, 07/15/2010 - 17:26

( Posts: 23 | Credits: )


Hi Dan,

We do seem to run into each other a bit on AMEX threads.

Could you please clarify your statement.

The way it reads to me is that after a SIF letter is received and funded by the consumer that AMEX will note the trade line as settled, but continue to report any unpaid balance as due.

This would be a violation of the Fair Credit Reporting Act.


Mileage may vary


lrhall41

Submitted by on Thu, 07/15/2010 - 17:27

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Quote:

Originally Posted by Anonymous
Hi Dan,

We do seem to run into each other a bit on AMEX threads.

Could you please clarify your statement.

The way it reads to me is that after a SIF letter is received and funded by the consumer that AMEX will note the trade line as settled, but continue to report any unpaid balance as due.

This would be a violation of the Fair Credit Reporting Act.


Mileage may vary

does anyone know if this is really what goes on? if it is a violation how are they getting away with it?:rolleyes:


lrhall41

Submitted by homeseller on Fri, 07/16/2010 - 17:41

( Posts: 23 | Credits: )


OK. Two months now since I made the final payment to NCO for my Amex. Two calls to Amex and was told there was no settlement. Called again a day or two later and was told it WAS settled. CR only shows that I have a zero payment. It does NOT show any reference to being settled AND still shows the balance, which is the original balance less the settlement money I paid. They really suck. I do not expect this is going to change. So even when my cr is cleared up, it will still look like I owe them money.


lrhall41

Submitted by dantheman on Fri, 07/23/2010 - 17:49

( Posts: 860 | Credits: )