Posts Tagged ‘national-credit’

Do you think I can dispute this with collection agency?

Here's is my situation please let me know what ya'll think.  I have to accounts showing up on my credit report for NCA (National Credit Adjusters).  They are both from payday loans from Jan/March of 2006.  I live in Texas and have since found out that these two payday loan companies are not lisensed in my state and I way overpaid them before they defaulted.  NCA is however licensed in my state.  I'm wondering if since the original creditor was not if this gives me any ammo to dispute.  Also NCA is not showing under collections on one of my reports.  It is listed as an account, with a 120+ late.  Is this legal for them to do?  Any advice would be greatly appreciated.  Thanks alot.

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National Credit Adjusters – Operating Illegally – Credit bureaus won’t take action

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.

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