Being contacted by a debt collection agency is not a fun experience. In the worst case, debt collectors can ruin your hard-earned credit and financial health. If you are being contacted by Midland Credit Management and want them removed from your credit report, this article is for you.
Founded in 1953, Midland Credit Management is a third-party debt collection agency based out of San Diego, California. They are a subsidiary of Encore Capital Group. Midland Credit Management collects debt on behalf of creditors in the consumer financial industry.
No, Midland Credit Management is not a scam. They are a legitimate company. You shouldn’t outright ignore their correspondence, but you should first verify if the debt is truly yours. Protect yourself from actual scams by making sure Midland Credit is contacting you, and not another company. Here’s Midland Credit Management’s contact information:
According to their website, Midland Credit Management collects for consumer finance accounts. Like most other debt collection agencies, Midland Credit Management does not specifically say who they collect for. But if you have a debt on your credit report from a credit card, a loan, or a lease-to-buy arrangement then Midland Credit Management could now own the debt.
Midland Credit Management is calling you to attempt to collect a debt. This debt may be late or otherwise outstanding. In some cases, the debt has been falsely attributed to you. That’s what we are focusing on in this article; read on to learn more about common credit reporting errors.
In many cases, Midland Credit Management has made a credit reporting error to a consumer’s account. This can be detrimental to the consumer’s credit score, especially if they are unaware of the debt in the first place. After all, if you didn’t sign up for a credit card or take out a loan, how would you know that there is one out there in your name?
Here are some common mistakes and errors debt collection companies make when reporting debts on consumer credit reports:
Sometimes debt collection companies have errors in their databases. A debt could be incorrectly attributed to you if there is a consumer with a similar name to yours, a variation in spelling, or if they have the same exact name. For example, your name is John Smith and you live in Michigan. There is a debt on your credit report from Midland Credit Management, but it actually belongs to John Smith from Texas.
Debt collection agencies like Midland Credit Management are known to double charge consumers. If you pay off a debt with them, they could assure you that your account will be closed, but they open another account under your name and charge you again.
Unfortunately, in 2023, our society is plagued with identity theft. It’s not uncommon for thieves to take out loans or open credit cards in the name of unassuming consumers. However, this is not the responsibility of the consumer to pay.
In most cases, there is a statute of limitations regarding how long an unpaid debt can be reported on your report. Some debt collection companies pursue debts that are already past the statute of limitations, and therefore can be removed from your report rather than paid.
Firstly, Midland Credit Management is not accredited by the BBB. At the time of writing, Midland Credit Management has 349 complaints in the last 3 years, and they are involved in a legal suit with the Consumer Financial Protection Bureau.
Some complaints filed against Midland Credit Management include:
These are just a few complaints from consumers filed with the Better Business Bureau. If any of these situations resonate with your own, keep reading to learn more about resolving the debt.
Contact any credit bureaus or agencies that you have credit open with and let them know you would like a copy of your credit report. Keep a close eye on your credit report and your credit score and take note of any errors or discrepancies.
You are also granted the right, as a consumer, to file a cease and desist letter towards debt collection agencies like Midland Credit Management. A cease and desist letter is not a legal document, but once it is served to the debt collection agency, they need to acknowledge it. In order for a cease and desist letter to be effective, file it within 30 days of first contact with the debt collector.
If you are unsure how to draft one or where to send it, an attorney can help you with this step.
You may be able to negotiate a settlement with Midland Credit Management. In some cases, the debt has to be paid. But that doesn’t mean you should have to pay it in its entirety or all at once. An attorney that is experienced in negotiating settlements with debt collection agencies is a great resource for this step.
Are you experiencing harassment and incessant phone calls from Midland Credit Management? Is there a debt that’s been falsely attributed to you? If so, it’s best to hire legal support to assist you in fighting back against Midland Credit Management.
As FCRA attorneys, our team at Fair Credit is dedicated to helping our clients face debt collectors like Midland Credit Management. It’s a daunting process, but with Fair Credit, you’re never alone. Contact us today for a free consultation so we can take the stress of this off your plate and help you resolve the debt.