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How to Settle Debt With NCEP LLC

George Simons | January 29, 2025

Fact-checked by Patrick Austin, J.D.

Patrick Austin
Attorney from George Mason
Patrick Austin, JD

Patrick Austin is a licensed attorney with a background in data privacy and information security law. Patrick received his law degree at George Mason University's Antonin Scalia Law School, where he served as the Editor-in-Chief for the National Security Law Journal.

George Simons
Co-Founder of SoloSuit
George Simons, JD/MBA

George Simons is the co-founder and CEO of SoloSuit. He has helped Americans protect over $1 billion from predatory debt lawsuits. George graduated from BYU Law school in 2020 with a JD-MBA. In his spare time, George likes to cook, because he likes to eat.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: If you've been sued for a debt by NCEP LLC, use Solo to respond in just 15 minutes and take proactive steps to resolve your debt issue.

When a consumer is served with a summons that a suit has been filed against them by NCEP LLC the clock begins ticking for a response. Being named in a lawsuit for not paying a debt you may have incurred can be intimidating if not downright frightening. Because time is of the essence, it is critically important that a consumer who is being sued, develops the proper strategy to triumph in the impending legal battle.

Knowing all that you can about the company that filed the suit is step one. NCEP, LLC. is a debt buyer. Primarily in the charged off auto loan market.

The best thing you can do is to arm yourself with information about the debt as well as NCEP LLC. Using your rights to gather documentation and information can be your strongest defense if you ever find yourself with a summons in hand.

In this article, we will detail how to engage with NCEP LLC to help resolve your debt issue in an efficient and effective manner, all while saving money.

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Who is NCEP LLC?

NCEP, LLC. is a limited liability company in the state of Nevada. Established there in 2006, they are still an active Nevada LLC. The registered service NCEP address of this organization with the state of Nevada is 701 S. Carson Street, Suite 200, Carson City, Nevada 89701.

NCEP LLC is a collection agency and a debt buyer. The type of debt they generally buy is charged off auto loans. This is an important distinction. Because they purchase debt, they are not an original creditor. It is important to note that both the Secretary of State in Nevada and the Better Business Bureau have NCEP LLC identified with another corporate name of Credigy Receivables. Credigy is located in Norcross, Georgia.

Who does NCEP LLC collect for?

Like we mentioned above, NCEP LLC collects for debt related to auto loans after purchasing charged off accounts.

Tips to negotiate a debt settlement with NCEP LLC

Ignoring a debt collector’s phone calls and correspondence is never a good idea and won't make the debt magically disappear. The best course of action is to respond promptly and communicate with NCEP LLC. Many debt collectors are willing to settle the debt without escalating the matter to litigation, as filing a debt collection lawsuit is usually a last resort. Engaging in communication may open the door to potential settlement options and alow you to avoid the hassle of going to court.

Here are some recommended steps you can take to try and settle your debt with NCEP LLC:

  1. If you were served with a Summons and Complaint regarding an NCEP LLC debt collection lawsuit, make sure to file an Answer in a timely manner.
  2. Determine how much you can pay toward the debt by using the following formula: Amount available to settle = (monthly income – monthly costs) + savings). Using this formula will help you establish financial parameters when engaging in settlement talks with NCEP LLC.
  3. Once you’ve identified your settlement parameters, convey your settlement offer to NCEP LLC. Make sure your opening offer is less than the maximum amount you can pay.
  4. Be prepared to go through multiple rounds of negotiations with NCEP LLC.
  5. If you can reach a debt settlement agreement, get the terms and provisions in writing.

To get more tips that may help you on your journey to settle your debt, watch the following interview with a consumer rights attorney, John Skiba, where he shares the best tips for negotiating debt settlement with NCEP LLC:

Read NCEP LLC reviews online to learn about others’ experience and prepare to negotiate

Looking for info on what people have shared about their interactions with NCEP LLC on a debt issue? If so, take a moment to read the online reviews published on Better Business Bureau.

Objectively speaking, the online reviews for NCEP LLC are not all five stars. Nevertheless, the mixed reviews should not deter you from taking proactive steps to engage with NCEP LLC in an effort to try and resolve your debt collection matter. Many debt collectors, including NCEP LLC, are willing to work with you to try and reach a resolution toward your debt issue.

Of course, if the prospect of calling a debt collector to discuss a collection matter sounds awful, then consider using SoloSettle to negotiate online and resolve your debt through our cutting-edge digital settlement platform.

Why is NCEP LLC suing you?

Without question, receiving persistent phone calls and written communications from a debt buyer or collection agency can be frightening. It should be concerning if this is happening. You need to be diligent about your credit and financial standing. The most important thing to keep in mind is that you have rights if NCEP LLC decides to escalate an unpaid debt into a lawsuit.

Because NCEP LLC is primarily a debt buyer, their name may not be familiar to you. It would not be likely that you recall or have any details about dealing with NCEP. There is a strong likelihood that you won't remember them at all. NCEP LLC buys unpaid debts from creditors and other financial institutions. They pay a few cents for every dollar of charged off debt that they purchase. Then they begin collection attempts in order to get their profit.

Imagine NCEP LLC buys your $1.00 debt for 20 cents. If they get that dollar from you, they made an incredible profit margin of 80%. Even if they settle for less than the full balance, they still are in line to make hefty and from their perspective, worthwhile profits.

If you find yourself anywhere in their collection timeline, it is time to take action.

Prepare to respond to your lawsuit

After exhausting collection efforts, a creditor or collection agency (or debt buyer) working on behalf of the creditor files the formal Complaint with the courts with the allegation that you have defaulted on money owed to them. In addition to the amount allegedly owed, expenses such as interest, late fees, attorney costs and court and filing fees are added to the Complaint.

Once NCEP LLC files the lawsuit, a service processor will attempt to serve you with the summons to appear in court. After receiving the Complaint, time is of the essence and the most important priority becomes your response or “Answer” to the filed Complaint.

Ignoring the Complaint after being served can prove to be detrimental. Why? Because if you neglect to respond to the lawsuit, the most likely outcome is that NCEP LLC will file a motion requesting a default judgment. If the court grants the default judgment, NCEP LLC has the ability, granted by this default judgment, to take the following actions against you:

  • Place a lien on your personal property;
  • Freeze your bank account; and
  • Garnish your wages.

Do not let this happen to you. Take action and respond to the Complaint.

Raise affirmative defense in response to NCEP LLC’s lawsuit

The answers to a received Complaint referred to above are known as Affirmative Defense. In any lawsuit, an allegation is made and as the one being sued, you have every right to answer each allegation made by NCEP LLC.

Look at it this way, you have an opportunity to point out any Inconsistencies or shortcomings in their lawsuit. As the side that initiates the lawsuit, thereby making allegations, the burden of proof falls on NCEP LLC to show that you are responsible for the unpaid debt and that the amount listed on the suit is correct. Since the burden of proof belongs to them, you must demand that NCEP LLC produce this proof (e.g., documents) that show:

  1. You are the person who is responsible for the alleged debt;
  2. NCEP LLC has the right to take legal action against you; and
  3. You owe the specific amount listed in the Complaint

Requesting evidence to establish these basic facts is important because it is not uncommon for these large debt collection companies to sue the wrong person or file their complaint beyond the statute of limitations.

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