NCO Financial was established in the early 1920’s and has been operating since. There headquarters are located in Pennsylvania.

They will collect upon heath care, financial service and education related accounts amongst others. They have 140 operation facilities and are spread out across 9 countries.

If NCO has created a negative mark on your credit report it has caused your credit score to be lowered. You should remove this mark as soon as possible to increase your score.

To remove a negative mark from you credit report you must dispute it. This is accomplished by crafting a dispute letter and mailing it to each credit bureau.

In this letter you must explain why the notation is incorrect. For example; account is paid, not my account, amount is wrong and etcetera.

When the credit bureaus get your dispute letter and find that it is valid, they will then conduct an investigation into listing. During this investigation the credit bureaus will contact NCO Financial and ask them to verify the amount and dates of the disputed listing.

Frequently listings are removed once an investigation takes place. This is a result of NCO Financial being un willing to spend the time and money to verify a debt. So it is common for all disputed listings to be removed once the investigation occurs.

However the difficulty is to get the credit bureaus to actually conduct the investigation. This is because it costs the credit bureaus money to investigate, so they are resistant to the dispute process.

It is common for the bureaus to respond to a dispute letter by requesting more information about the disputed mark. This is done in an effort to frustrate the consumer and force them to give up on the dispute.

The Fair Credit Reporting Act passed by congress in the early 1970’s is a piece of legislation to help you the consumer. This law says that bureaus must investigate disputes and if the investigation shows that the listing is inaccurate or unverifiable then if must be removed from your credit report.

If this debt is legit and you do owe the money then you can settle the debt. If you choose to settle then you should send a settlement letter offering an amount to settle the debt with NCO.

In this settlement letter, I strongly encourage you to get in writing from NCO that they will remove the negative listing in exchange for your payment. If you do not get this then you will be forced to dispute the negative listing later.

I recommend settling this debt for less than the total amount. The reason for this is NCO has purchased your account for only pennies on the dollar. Also between interest and fees your bill has probably added up to more than the original debt. Thus I recommend starting your offer at 50% of the total debt. Also you should know that an inaccurate amount is grounds to dispute the listing.

In sum, I recommend first disputing the listing before you make any efforts to settle the debt. If you only have one negative mark on your credit file then conduct the disputes yourself, however if you have multiple marks then I suggest a professional credit repair service.