Sunday, February 10, 2008

NCO Financial Systems: Racketeering For Fun And Profit

Kim Mullen filed for bankruptcy in 1993. The bankruptcy code promises a fresh start and she has made good use of hers. She has achieved a good credit rating.

However, despite federal law, NCO Financial Systems contacted her in December, saying she had an unpaid card balance of $5,655 from 1992 (prior to the bankruptcy) and so much interest she had to pay NCO $19,400.

The demand from NCO shattered Mullen.

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