NCO Financial Systems Inc. THIS COMPANY THINK THEY ARE ABOVE FEDERAL LAWS bALTIMORE, Maryland

It depends on what state you live in:

There is a statute of limitations for credit card debt, which is the amount of time that they can successfully take legal action against you for the debt. This time period varies for each state. You can find this time period for your state by going to the link below and looking under "Open Accounts."

http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml

If the number of years since you defaulted on this account and stopped making payments on it is greater than the number listed for your state, then they can no longer defeat you in any court action because the debt is  time-barred and you don’t have to pay it back.
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Stay off the phone...don't make any payments towards this debt or admit that you owe it!

When a debt collector first contacts you, you have  rights under a federal law called the Fair Debt Collection Practices Act. Your first step should always be to request validation of the debt. Even if the debt is valid, request validation anyway.

Send them a letter via Certified Mail + Return Receipt (do not use regular mail) stating:
Per the Fair Debt Collection Practices Act, I am requesting written validation of this alleged debt, which includes:

- a copy of the  original signed contract with my signature. A typed letter showing an account number and balance due will not be accepted as validation.
- validation of the original "Date of Delinquency" for this alleged debt
- validation of the "Date of Last Activity" for this alleged debt
- validation that this alleged debt is within the statute of limitations.

Per the Fair Debt Collection Practices Act, cease all verbal communications with me about this alleged debt

Of course nco denied,  there collector was abusive & degrading towards me.  This was 4 years ago.  I am still,  wondering why isn't nco shut down. For there abusive law breaking tatics. 

Why are they allowed to.  Continue to abuse people.