topic Re: Understanding this letter from NCO...AMEX in General Credit Topics

Understanding this letter from NCO...AMEX

Anonymous — Fri, 16 Nov 2007 19:05:20 GMT

The letter starts off as:

"Please be advised that American Express has forwarded your account to our agency for collection"

Does this mean that it is still owned by AmEX, or it has been sold to NCO? BTW I only have a derrogatory mark on my account from AmEx, I do not have a TL by NCO. Thanks.

Re: Understanding this letter from NCO...AMEX

Anonymous — Fri, 16 Nov 2007 20:25:42 GMT

I do believe that means AMEX is still the owner but hired the CA. The CA has yet to report so that is a good thing. If you can pay this off, right now is time to strike while the iron is hot. In other words if you can get this settled up quickly you will avoid a CA tradeline which would be the double whammy on your report.

Message Edited by Boswd on 11-16-2007 12:25 PM

Re: Understanding this letter from NCO...AMEX

Anonymous — Fri, 16 Nov 2007 20:25:08 GMT

Oh also if you call the CA they have to disclose if they are in sole possesion or if they are collecting on behalf of AMEX.

Re: Understanding this letter from NCO...AMEX

Anonymous — Sat, 17 Nov 2007 02:49:05 GMT

Amex does not sell their accounts to CA's.

@Anonymous wrote:
Oh also if you call the CA they have to disclose if they are in sole possesion or if they are collecting on behalf of AMEX.