Re: NCO Financial

Posted by observer (64.12.116.84) on July 22, 2004 at 21:42:18:

In Reply to: NCO Financial posted by GE on July 22, 2004 at 19:49:07:

Jeezy Pleasee! One bigassed fine wasn't enough?????

http://www.ftc.gov/opa/2004/05/ncogroup.htm

The FTC charges that NCO reported accounts using later-than-actual delinquency dates. Reporting later-than-actual dates may cause negative information to remain in a consumer’s credit file beyond the seven-year reporting period permitted by the FCRA for most information. When this occurs, consumers’ credit scores may be lowered, possibly resulting in their rejection for credit or their having to pay a higher interest rate.

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