NCO is who has been contacting me regarding my American Honda Finance Repossession in 2007. NCO does not own the account just has been assisgned the account by Honda to try to collect on it. Please let me know after reading this letter below what I need to do next. Thanks:
Creditor: American Honda FInance Corp.
Account: XXXXX
Total Balance: $10,934.37
Dear Esmeralda:
We are in receipt of your inquiry regarding the above-refernced account. In response to your request for validation, enclosed please find the materials we received from the creditor that corresponds to the above-referenced account. Please forward payment on the above account to NCO Financial.
While we have complied with federal law, factors beyond our control may prohibit us from confirming or denying the presence of inaccurate information within the time frame prescribed by state law. We may not have sufficient time to complete an investitgation of the alleged inaccuracy.
According to our files, we have not reported the above-referenced account to a credit bureau. Please be advised that NCO Financial Systems, Inc. canoon effect a change to how any other company or entity may have listed the account on your credit profile.
We appreciate the opportunity to respond to your inquiry and to provide you with the enclosed documentation.
They attached all the documents that were signed during the purchase of the vehicle.
Starting Score: 672 TU, 669 EQ, 659 EX FAKO(10/3/11)
So NCO is not on your CR? If that's the case, then they are saying they can't confirm what the OC is displaying on your CR. If they are on your CR and sent that, then they are saying they may be breaking the law but so be it.
Anyway, that's what I got from it.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
No, they aren't listing this on my credit report. Only the OC which is Honda. Honda has not sold my debt but have assigned it to them to collect and they have the authority to make a settlement is what they are telling me.
Can't I dispute the amount with the OC? NCO is saying they can verify the purchase with the contract they provided me but can't verify or deny the amounts is what I am gathering from this.
I really need some help. I am trying to buy and house and can't with this on my credit report.
bump
The amount they say I still owe for this repossession is what I want to dispute.
The repossession on Equifax says $0 owed, Transunion states $11,900.00 or so and Experian states $10,934.00. Why are they all different?
Yes, they sold the vehicle for less than what they say I owed. I don't know what else to do. NCO wants the full $10,934.00 and I don't have all of that to pay on this debt.
