Established Contributor
Posts: 573
Registered: ‎02-12-2011

Strange wording on a letter from NCO..

They assured me I was being recorded everytime I called so I might be looking too far into this but I called them to settle a $518 Capital One debt for $283 as settled in full. Today I received 2 letters and they both said the same thing which was that I agreed to this "payment plan" and that they are taking $283 now but it mentions nothing of settlement or that they will report a $0 balance. I guess I should've waited for the letter to come before paying them. I hope they don't try to play with me because I am honestly in no mood.

Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700

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Valued Contributor
Posts: 1,546
Registered: ‎08-30-2012

Re: Strange wording on a letter from NCO..

You definitely want to call them and ask.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
Total credit $185,250; Util 14%
Goal Score: 700 across the board.
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Established Contributor
Posts: 505
Registered: ‎11-05-2012

Re: Strange wording on a letter from NCO..

This look not right. Why don't you send them a letter with agreement, then later on you can have a prof .

10/2012 Started with 588 EQ Fico score and 20+ CA and CO
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Epic Contributor
Posts: 20,933
Registered: ‎03-19-2007

Re: Strange wording on a letter from NCO..

In your letter remitting the payment, was it made clear that payment was being remitted per your agreement that it consitutued satisfaction of the debt?


A contract exists when their is a meeting of the minds.  They have stated their understanding of your agreement as a contract  If you made your understanding clear, then in my opinion, you dont have a contract.


Small claims court.

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