NCO Debt Collectors Not Showing On My Credit Report

TylerDurden36

Hi,
For around 2 years now I have been paying £10 a month to a company called NCO Europe got a debt of just over £1000 that was passed to them from a credit card I had with someone. This is debt is nowhere to be found on my credit report. I use Credit Karma and Experian and the debt is nowhere to be seen on either report. I was going to pay the full balance next month but I’m wondering as it’s not showing on my credit report then is there any point? May as well keep paying the £10 a month if it’s not having any detrimental effect on my file. Anyone had this sort of thing happen before? Thanks.

[Deleted User]

Yes, people have had that happen before. It happens once a defaulted account reaches the 6 year mark.

Paying off it now removes any chance of further action being taken and may also get a discount.  Otherwise, you can continue paying it every month.

[Deleted User]

If you stop paying, given the debt is acknowledged and considered active it's more than possible they will come after you for it via debt collectors or worse etc

TylerDurden36

Deleted_User said:

If you stop paying, given the debt is acknowledged and considered active it's more than possible they will come after you for it via debt collectors or worse etc

I don’t want to stop paying it. I’ve got no issue paying £10 a month for the next 10 years. What I’m wondering is would it be of any benefit to me to pay the debt in full? As it doesn’t show on my credit file then paying the full balance won’t make any difference to my credit score surely?

[Deleted User]

It will only reappear on your credit files if they get a CCJ.

But the big benefit would be in any financial saving.

[Deleted User]

TylerDurden36 said:

Deleted_User said:

If you stop paying, given the debt is acknowledged and considered active it's more than possible they will come after you for it via debt collectors or worse etc

I don’t want to stop paying it. I’ve got no issue paying £10 a month for the next 10 years. What I’m wondering is would it be of any benefit to me to pay the debt in full? As it doesn’t show on my credit file then paying the full balance won’t make any difference to my credit score surely?

I misread your post, my apologies, I thought you said was there any point continuing to pay.
Your credit report is all that matters, the score doesn't make any difference to anything as no lender will ever see it.

TylerDurden36

If it’s not affecting my credit file in anyway then I may aswell just keep paying the £10 a month. Unless it somehow effects the amount of money I can borrow in future?

sparklep0ny

TylerDurden36 said:

If it’s not affecting my credit file in anyway then I may aswell just keep paying the £10 a month. Unless it somehow effects the amount of money I can borrow in future?

It will need to be declared on a mortgage application and any outstanding debt will affect how much you can borrow so if you're applying for a mortgage, yes, it will affect how much you can borrow in the future.

TylerDurden36

sparklep0ny said:

TylerDurden36 said:

If it’s not affecting my credit file in anyway then I may aswell just keep paying the £10 a month. Unless it somehow effects the amount of money I can borrow in future?

It will need to be declared on a mortgage application and any outstanding debt will affect how much you can borrow so if you're applying for a mortgage, yes, it will affect how much you can borrow in the future.

Already got a mortgage so don’t really need to borrow for anything big again. I have £6000 available credit on my overdraft and credit card. The only debt I have is the £1000 that I owe at £10 a month. After everything I’ve read on here it just seems pointless paying it back in one go if it’s in no way affecting my credit file and only costing me £2.50 a week.
I may pay it off just to see if the amount of credit I can obtain increases at all and then report my findings on here. Thanks.

sparklep0ny

TylerDurden36 said:

sparklep0ny said:

TylerDurden36 said:

If it’s not affecting my credit file in anyway then I may aswell just keep paying the £10 a month. Unless it somehow effects the amount of money I can borrow in future?

It will need to be declared on a mortgage application and any outstanding debt will affect how much you can borrow so if you're applying for a mortgage, yes, it will affect how much you can borrow in the future.

Already got a mortgage so don’t really need to borrow for anything big again. I have £6000 available credit on my overdraft and credit card. The only debt I have is the £1000 that I owe at £10 a month. After everything I’ve read on here it just seems pointless paying it back in one go if it’s in no way affecting my credit file and only costing me £2.50 a week.
I may pay it off just to see if the amount of credit I can obtain increases at all and then report my findings on here. Thanks.

If you want to remortgage it'll affect that too.

If you can afford to pay it off, it's much better to do so.  It's one less thing to worry about.