Complaint Review: NCO Financial Systems

My account was forwarded to NCO Financial Systems in neglect of payment for appx. $20,000, during the years of 1999-2004. I was constantly contacted by phone and mail from NCO in regaards to payment was infomed by NCO that this would become a permanent part of my credit record and ratings score. NCO received monies from myself totaling appx. $10,000 all paid by 8/29/06.

After rejection from American Express for a credit card, in attempts to re-establish credit due to a lengthy bout of unemployment, I requested copies of my credit report from Transunion, Equifax and Experian. In awe, I found that NCO or the Credit Card of First USA/BankOne(original card debtor); their account successor is listed as Global Rated Eligible Asset Trust never reported payment to the credit bureaus.

Mysteriously, it is as if NCO had arranged a collection scheme with former First USA/Bank One; since there was never mention to any of the credit bureaus of this account being reported as settled by negotiation.

I have since reported this to the Better Business Bureau, NYS Attorney Gererals Office and the NYS Consumer Protection Board. In resolve I am asking that NCO provide documents of transaction and purchase under that account of said debt for original amount requested of $20,000 in order to substantiate vaildity of collection. If this debt is really of existence then I would like it reported to the credit bureaus, if not then I want a return of the money paid to NCO.

Sheri
Mount Vernon, New York
U.S.A.