ED Magedson – Founder
NCO Financial and Paul Reinhardt507 Prudential Road Horsham, Pennsylvania United States of America
In April 2009, Paul Reinhardt with NCO contacted me regarding an outstanding debt to Sovereign Bank. He stated that monthly payments of $2,000 per month for 20 months would pay the account in full, and that Sovereign would then consider it paid in full and would reflect this on my credit report.
I made all payments on time, and they were automatically deducted from my checking account. These payments totaled $40,000!!!! Upon making my last payment in October of 2010, I wrote NCO and Mr. Reinhardt a letter, requesting a paid in full letter, and proof that the arrangement I made was legitimate. I have received nothing as of July 13, 2011.
Today, a second slimy collection company, FH Cann, contacted me and attempted to collect the very same debt. When I informed them that it had already been paid, gave them the information necessary, they informed me that I would need to clear this up myself. My intention is to sue NCO, Mr. Reinhardt and Sovereign Bank.
This report was posted on Ripoff Report on 07/13/2011 10:56 AM and is a permanent record located here: http://www.ripoffreport.com/r/NCO-Financial-and-Paul-Reinhardt/Horsham-Pennsylvania-19044/NCO-Financial-and-Paul-Reinhardt-PAID-40000-TO-NCO-AND-NOW-ANOTHER-DEBT-COLLECTOR-IS-TR-752364. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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