Wal-Mart sold my debt to NCO Financial Systems.

I just read NCO is getting sued. Hmmmmmm maybe I can get in on that. Does NCO have to accept my offer of payment? If I don't have the full amount how would taking me to court get them the full amount today? I still can only pay $50.00 a month.

Teresa,

First make sure that NCO has your file from the credit company. They must validate the debt in writing to you within 5 days after placing the first call. NCO has been penalized in the past for their illegal collection activities.

After reviewing the debt account, you can propose a payment plan to NCO. If they are not willing to accept your proposal, you can send your payment through certified mail. If they cash the check, your proposal will be considered as accepted. If they don't, the receipt will prove you were willing to pay the debt.

First thing, get the debt validated in writing from the collection agency. If you have not received anything in the mail, send a debt validation letter through certified mail with return receipt requested and cover your base legally.

Teresa follow Guns and Roses advice... I wish I had this forum when I was going thru this mess. NCO is horrible they also had my wal-mart account they called all the time and even told my little boy they were going to put his mom in jail. They will threaten everything. Taking you to court. Let them. At least the judge will work out a payment plan you can pay. They cant take anything....Credit Card debt is unsecured. I just went thru this. I paid my account off with income tax thank God. Good Luck . KYSIDE38. Listen to the forum they are wonderful......

Although the article posted in the FTC website is old enough, but it alerts the consumers from dealing with CAs like NCO. Read the link below and re-design your approach in a stronger way.

http://www.ftc.gov/opa/2004/05/ncogroup.htm

I expect a call any minute from NCO. I did recieve a letter from them specifying that they were trying to collect a debt from Wal-Mart just the other day. It's $400.00 and I don't deny I owe them the money but I was just shocked by their rudeness and also by them not wanting to help me make payment arrangements. Denise from NCO even said 'It's not very much, only $400, I don't see why you can't pay the whole thing!'
Thank you all so much for your help, I feel empowered!

I just filed a complaint NCO with the FTC. Thank you Andy :)

Teresa, don't worry! :) NCO cannot get the money from you without a legitimate reason. Start posting your experiences and browse through this forum. You will get loads of information. You will feel better once you start interacting with all of us :)