Many consumers wonder about their credit score. NCO Financial Systems, Inc. (NCO) is not a credit company. Rather, they are a debt collection agency that strives to help consumers improve their credit score. Your credit score is determined by the amount of credit activity recorded and whether or not you have been delinquent in repayment of purchases made on credit. Delinquent payment causes your score to get lower. Delinquent payments can also be sent to a collection agency. Creditors send delinquent billing information to third party collection agencies in order to recover them.
NCO is one of many debt collection agencies in the United States and around the world. They contact consumers about their debt and help them through the debt collection process. The debt collection agency uses your credit history information in order to contact you. Your contact and credit information is updated each time you fill out a credit card application, purchase a new home or automobile or take out a loan from the bank. Credit agencies track your credit activity and determine your credit score based on your history.
Creditors rely on the debt collection agency to recover debt after their efforts to do so have failed. Representatives of the debt collection agency strive to help consumers understand the debt collection process. Through education and communication the debt collection agency helps consumers learn the difference between debt and credit. This information may help consumers determine their credit score. Consumers who are unable to find their credit score should consider contacting NCO or a credit report agency.