amunra26: Am interested in what resulted with two interagency debits on your bank account, if and how it was rebated. Did you sent NCO a blank VOID cheque with your application, was this application signed and on file with your bank/Credit Union? With my institution, I keep track on line of my account. A few times, generally when I desparatedly needed emergency money, the bank made the error with double entry, or the billing company made the submission on a Friday and then Monday (mistakes to happen). The minute I see a mistake I e-mail my bank secured messaging, question this, remind them of the faxed form from the billing company supposedly on their file, and indicate I want the second entry corrected. Similar with the billing company--either they correct their error or I will send registered letters to both them and my bank cancelling the withdrawal agreement. In addition, file a stop payment on debit notice in advance.

What happened with you? How was it resolved? Was it an entry mistake that was corrected wht both parties were notified, or was is more serious breach of contract. Despite regulations-Ontario Collection Agency Act (is on provincial website)-- you can submit complaints about this matter--but NCO will do whatever it wants anyway, since acts favors corporations "acting in good faith" , mediation,phone call to company and its reporting it acted properly and overlooks mandated corrections or compliance with such matters unless enough people submit complaints or you sue.

My wife was doing some online banking and when to pay some bills when she notice that there was no money in the account and the account was over drawn by 200.
She checked the activities and notice that NCO when in and made 2 with draws intotal of 750 via interbranch transaction, WTF. I have payment arrangment with NCO to make payments on a monthly bases. I never received a call or letter saying that they were going to do this, last statement i have was a thank you for your payment. I never gave them premission to go into a join account and clean it out,which is what they did. Is there anything I can do about this.
This is for a student loan
PEI

Hi. I have a student loan from 1998 and have never made a payment to it and have been watching my credit over the years. The Royal Bank listed it as "written off" and"paid" a couple of years ago. Now for the last couple of weeks NCO financial has been calling me asking how I would like to pay this loan of $1500! They say they have had it since 2005. I have decent credit and get approved for credit. There is nothing on my credit file with owing any money to NCO or the Royal Bank. They keep saying they will ruin my credit if I don't pay. Can they do anything to affect my credit? Am I stats barred? Has it been removed from active recovery and unenforceable? Thank you very much for any responses...!!

Okay. Call me.

The reason why they never mailed you or me, the agreement was because I never signed application form. The lady told me, we already your chequing account information in our system, and we'll do an inquiry on with the bureau to see if your qualifed. I was approved instantly without signing any overdraft agreement papers.

The original chequing account agreement, I did sign with CIBC. I'm pretty sure that original agreement doesn't discuss disclosing information to a consumer reporting agency or a collection agency. Since it wasn't a credit application, they didn't include that.

Hey Coolz,
I'll help you with this. BFH...

I guess we'll have to make some noise. I need to see copies of the contracts on this. I need to see if you authorized third party collection agencies on your agreement with CIBC.

We'll talk on the phone.

Remember that CIBC Overdraft account you were helping me with? Well guess what. It was sent to NCO Financial Services. And you know how stubborn CIBC is when it comes to helping its customers. They don't. My Account wasn't even more then 3 months over due, and without telling me or saying a word, they placed it with NCO Financial. I would try to comprise with them about paying the account for deletion from your credit file.

I received this question regarding NCO Financial Services. and I thought I would post it here for our readers.

I have a problem with CIBC Visa account. They have sent the account to NCO Financial Services. I have been I thought O.K. up until today. I told them when they first contacted me that I had applied through the disability insurance that I have on my card that I was waiting for an answer. They finally paid a back portion of $4,000.00 on the account and then they have been paying $434 each month. They are now requesting the full amount from me. I still am waiting for my disability from C.P.P. and I have no other money coming in. Could you help me on this one. I am really in a bind here.

Thanks