Complaint Review: Assetcare, Inovision-Medclr-Portfolio Group, NCO Portfolio Management - Norcross Georgia
- Assetcare, Inovision-Medclr-Portfolio Group, NCO Portfolio Management 5100 Peachtree Industrial Blvd. Norcross, Georgia U.S.A.
- Phone: 866-429-3598
- Category: Collection Agency's
Assetcare, Inovision-Medclr-Portfolio Group, NCO Portfolio Management, Very confusing collection letter??? with INSANE extra charges Norcross Georgia
*Consumer Suggestion: Send a written objection
*Consumer Suggestion: answers
*Consumer Suggestion: Valari, just get a good laugh at them. Do this.
HELP!! NCO IS AFTER ME.
I received a letter from Assetcare demanding I pay them $5,448.79. The letter states:
"You can settle this account(s) for a lump sum of 40% of the total balance listed above in the amount of $2179.52. This offer may expire without notice. Before making payment, please confirm with one of our representatives that this offer has not expired.
If you need to talk with a representative, please call 866-429-3598.
You may also make payment by visiting us online at www.assetcareinc.com. Your unique registration code is XXXXXXXX-XXXXX. "
The back of the letter has info on former/original creditor and another section stating above accounts were purchased by one of the following companies prior to sale to Inovision-Medclr Portfolio Group, LLC which now owns the account(s) Global Rated Eligible Asset Trust, Securitized Multiple Asset Rated Trust 1997-5 and Securitized Multiple Asset Rated Trust 1997-6.
It appears they are trying to collect on old credit card debt from 1995-1997. The SOL in NJ is six years, so they would be barred from collection anyway since the time has run out.
I checked my credit report and didn't find anything - it's clean. No negatives at all. They are not threatening legal action as of this point.
Here's the insane part. They state the "purchased debt" as $2305.46 and they want to charge me $3143.33 on top of that. This is crazy. Even after reading all the rip off reports on this site I am shocked that anyone would think it's OK to tack on 150%. It's just plain WRONG.
Along with the collection notice they have sent a Privacy Notice. This notice lists about 20 different companies but most of them seem to be variations of NCO. Also listed are Creditrust, Inovision-Medclr, and Integrated Capital. What are these idiots doing? Selling old accounts back and forth to each other?
I'ld love to find out if Global Rated Eligible Asset Trust and Securitized Multiple Asset Trust are also NCO subsidiaries.
I'm not sure what the proper course of action is regarding this. Do I demand they validate this? Do I demand they stop trying to collect on a time-barred account? Are they in violation for sending me this collection notice? Also, I'm concerned that by contacting them it will get them going on putting some kind of charge on my credit report which would really suck since I have great credit now. I don't want the hassle of dealing with getting something removed from my credit report.
Since they are using info they got from 10 year and older expired accounts how can they charge interest? I didn't do business with them, I didn't borrow any $ from them, so how can they be entitled to interest? How did they get this information in the first place? I have no intention of sending these idiots any $ at all and I want them GONE. I don't even want to get these bogus bills from them.
One other thing concerns me. There is an inquiry on my credit report from OSI Collection Services dated 8/2005 and another one from Merchants CR Guide dated 12/2005. Are these clowns also part of NCO? I haven't received any letters from them that I know of. Why are these scummy companies checking my credit report? Can I expect more letters from these jerks?
What's my next move here? Anybody deal with a similar situation with these criminals?
Pompton Lakes, New Jersey
This report was posted on Ripoff Report on 12/29/2006 05:11 AM and is a permanent record located here: https://www.ripoffreport.com/reports/assetcare-inovision-medclr-portfolio-group-nco-portfolio-management/norcross-georgia-30071/assetcare-inovision-medclr-portfolio-group-nco-portfolio-management-very-confusing-coll-227732. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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