NCO-MEDCLR has ruined my credit by somehow placing a fake claim , now i am left with poor credit and all i can do is dispute the claim and wait PHILADELPHIA Pennsylvania

Dennis,

This is easy to fix. A simple dispute letter sent by certified mail return reciept requested works. Put the certified# on the letter itself and keep a copy for your records.

Send the dispute by the means above to each credit bureau involved. Simply state that the account is not yours and you have never done business with any of the listed parties. Also state that you want copies of all communications used in the dispute and/or validation process as per your right inder the FCRA.

Now send a copy of that letter along with a request of DEBT VALIDATION by the means above. In this letter clearly state that you dispute the debt and want to see whatever you allegedly signed to create it as well as a full account history and itemization of charges.

Chances are very good you will never hear from them again.

You do have recourse. You can sue for FCRA and FDCPA violations that are worth up to $1000 plus costs in punitive damages, and also any actual damages they caused by the false reporting. For example, if you got a 12% interst rate due to this false negative, when you could have qualified for a 6% rate without it, you have suffered actual damages in the amount of the extra 6% interest you are paying because of them.

Make them pay. Contact the NACA today for an attorney in your area that specializes in this. Sue them immediately.

FYI.. There is no entity called NCO-MEDCLR, this in itself is bogus reporting and is a FDCPA violation in itself. The company you are dealing with is NCO Group which includes NCO Portfolio Management and NCO Financial. However, NCO just "sold" to its President and CEO Michael J. Barrist. This is an attempt to get out from under FTC scrutiny for illegal and unethical practices.