National Credit Adjusters (NCA) through their affiliate International Financial Services (Intl) has placed bogus negative trade line items on all three of my credit reports. They are collecting for two Internet payday loan companie called Planinum B and Debt Doctor. These are not my loans.
Payday lenders are regulated in my state by the Washington Dept. of Financial Institutions. All lenders, even those operating via the internet must be licensed by the state to du business with Washington residents. Neither of the NCA's clients are licensed, neither is Intl for that matter. So, NCA is aggressively trying to collect a debt for a client that is not legal in my state.
I advised Equifax customer service about the need for proper licensure and that without it, state law specifically states they cannot attempt collection activity including reporting to the credit bureaus. EQFX indicated that NCA validated the debt and the item will stay. I repeated the fact that all entities involved are operating illegally and they cannot collect or report. (Incidentaly, the validation process is this: EQFX: Hey NCA, is this a valid debt? NCA: Yes. EQFX: OK it stays)
How do I get EQFX and the other bureaus to understand these negative items are illegally placed?
