NCO Financial Systems, Inc.

NCO Financial Systems, Inc. is a high volume debt collector located at 507 Prudential Road, Horsham, Pennsylvania 19044.

  • Consumers all over the country have sued NCO Financial Systems, Inc. for violations of the Fair Debt Collection Practices Act (FDCPA) and for other unfair and abusive collection practices.
  • In a federal case filed in Pennsylvania, plaintiffs claimed that a privacy notice that NCO Financial sent to debtors was "deceptive, false and misleading" and that the company threatened legal action that could not be taken, both in violation of the Fair Debt Collections Practices Act (FDCPA). See Smith v. NCO Financial Systems, Inc., 2009 WL 1675078 (E.D. Pa. 2009). The privacy notice stated that NCO Financial collected non-public information about consumers from employers and others. As the Court noted, the FDCPA expressly prohibits debt collectors from such conduct, and therefore, NCO Financial's motion to dismiss the lawsuit brought by these consumers was denied.
  • An Illinois federal court similarly found NCO Financial's correspondence with a debtor consumer to be "deceptive as a matter of law," and therefore a violation of the FDCPA. The Court granted summary judgment in favor of the consumer debtor, forcing NCO to pay for its unfair and deceptive debt collection practices. See Allen v. NCO Financial Systems, Inc., 2002 WL 1291791 (N.D. Ill. 2002).
  • A New York federal court ruled that NCO Financial Systems, Inc. failed to adequately identify itself as a debt collector in messages left on a consumer's answering machine, a violation of the Fair Debt Collections Practices Act (FDCPA). See Foti v. NCO Financial Systems, Inc., 424 F. Supp.2d 643 (S.D.N.Y. 2006). In this case, the Court further ruled that NCO Financial System's supposed repeated demands for payment and threats of "continuous demands for payment absent immediate remittance" was improper under the Fair Debt Collections Practices Act (FDCPA) and refused to dismiss the case against NCO Financial Systems.
  • A lawsuit was recently filed against NCO Portfolio Management and New York debt collection attorneys Sharinn & Lipshie, alleging that NCO and its attorneys sued a consumer on a debt that was outside the statute of limitations (i.e. "time-barred"), unlawfully proceeded with the case in New York Civil Court after the consumer made clear that he lived in Texas and had not been served, filed court papers that had not been meaningfully reviewed by an attorney, and filed affidavit(s) that falsely claimed personal knowledge regarding the account, all in violation of the Fair Debt Collection Practices Act (FDCPA) and other consumer protection statutes.
  • Don't be a victim of debt collection abuse.

    If you are being sued by NCO Financial Systems or its representatives, or are suffering debt collection abuse or harassment at the hands of NCO Financial Systems, contact the consumer lawyers at The Law Office of Richard Groves at (602) 230-0995 or CLICK HERE

Posted by AZ Debt Lawyer  |  Bad Debt Buyers : NCO Financial Systems, Inc.