My Co-Signer Went Bankrupt and NCO Financial is Collecting on My Student Loan

“Dear Steve, My private student loan defaulted because my co-signer filed for Chapter 13. It was in good standing as of 20 days ago and now it’s in collections with NCO Financial Systems overnight. Lender bounces me off to Collections. If I talk to them they have an assigned agent to my case who states … Read more

The NCO Debt Collector Lied That I Could Settle My Private Student Loan Debt. – Matt

“Dear Steve, The background information is something like this: I went delinquent on a student loan (private) after a period of financial hardship. It defaulted and went over to NCO Financial for debt collections. I wasn’t sure how the whole process worked at the time, and I started a payment plan. My agent at NCO … Read more

What Repayment Plan Should I Ask for From NCO Financial for My American Express Debt? – Steven

“Dear Steve, I currently have 30k in debt from American Express, and it is in collection from NCO Financial for about 6 months. I make around 1100 after taxes, want to make a weekly plan. Wasnt sure what i should do when i call them and ask about terms. Should i make a long term … Read more

NCO Financial Systems Settles Multi-State Issues Regarding Consumer Debt Collection

On the heels of the recent settlement with the FTC and DOJ by Asset Acceptance, NCO Financial Systems has announced a settlement with a number of states over “irregularities” or problems. The states included in the settlement are: Alaska, Arkansas, Idaho, Illinois, Iowa, Kentucky, Louisiana, Michigan, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, … Read more

I feel like it’s insurmountable and my debt has me depressed. – Bob

First off, this is a great website and I’m sure I speak for many in thanking you for doing this and providing advice for all of us. I feel like there’s no end in sight and it has me depressed. Years ago while my Dad was unemployed, I decided to help my Mom in paying … Read more