Reply
Established Member
Posts: 21
Registered: ‎05-21-2011
0

NCO - Multiple on all 3 reports - Please Help

[ Edited ]

Hello fellow FICO friends,

 

I am in need of some advise. I am in the process of trying to clean up the wreckage of my credit past and have mostly medical collections on my reports. NCO is listed on all three of my reports 8 times, all old medical collections. DOFD is 2005 and 2006 on all but one. This means I am past or near the SOL in my state of 5 years (MO)...is that correct? 

 

My next question is what would be the next move for me? I have read to ALWAYS validate collections. The original creditors are not showing on my reports, only NCO. Do I send one DV letter with all the accounts listed CMRRR?  Or should I do one at a time....or a few at a time? 


I just want to get these things off my reports and I'm unsure of the best route to take?  Advice is always appreciated very much!

 

Thanks!


Starting Score: TU 637 EQ 597 06/03/11
Current Score: SAME
Goal Score: 700+


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: NCO - Multiple on all 3 reports - Please Help

It could be 10 years. If I read right, written contracts (assuming you signed medical docs) has a SOL of 10 years in Mo. I didn't read the statute but there's always an outside chance they have an SOL for medical debts. Worth a look. Now SOL is only important if you don't have the ability to PIF any given debt. If you don't have the ability to pay and SOL had not expired, then it is always a best practice to wait until one of the two conditions are met.

 

You don't validate. The CA (NCO) validates. By law, you had to have sent the DV within 30 days of their initial collection notice. However, sometimes the CA will response long after that 30 days expired. I'd send a DV without referencing the OC or any debt and see what they come up with. CMRRR of course.

 

 

 

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.