You most likely located this article because you’re searching for more information on Midland Funding (Other names: Midland LLC, Midland Credit Management, Midland).
This is a debt company who pays very little money in order to acquire your debt from original creditors. This company uses very similar tactics that IC System implements when going after you to collect debts that are past due. They are known for filing lawsuits against consumers in order to obtain a default judgement in order to garnish your wages.
Who Owns Midland?
Midland LLC is owned by their Parent company Encore Capital Group. According to the Secretary Of State for California, this is the current information listed for their business:
Entity Name: Encore Capital Group, INC.
Entity Number: C2320424
Date Filed: 11/16/200
Address: 3111 Camino Del Rio N, Suite 103
City, State, Zip: San Diego CA 92108
According to the New York Times, between the years of 2006-2009 this company purchased over 90 million (90,000,000) consumer accounts which had a value of more than $140 billion. Additionally, from 2007-2012 alone they filed over 239,000 lawsuits against consumers.
One of the largest companies they purchase debt from is Synchrony Bank which partners with sites such as Amazon and Wal-Mart in order to issue store credit cards.
Are you being contacted by Mindland LLC?
If you have been contacted by this company in regards to a debt which they claim you owe, you have many options. Typically they are known for either sending you letters in the mail or calling your home, work or cell phone in regards to the debt.
There have been many reports of harassment from customer service reps.
Before you decide which options you’re going to utilize you always want to pull your credit report in order to see if they are actually reporting negatively on your credit. If they are not reporting on your credit then you have nothing to worry about.
If they are reporting on your credit you can proceed with the following options listed.
Option #1 – Ignore letters and phone calls completely
Many people will just ignore these letters and phone calls typically if they have no plan to pay the debt in question.
To be completely honest, if you’re not trying to rebuild your credit or apply for something with your credit, these negative items don’t really matter to most consumers.
However ignoring these phone calls and letters can lead to other issues down the line such as them filing a lawsuit in order to get a default judgement which will most likely involve them garnishing your wages.
In my personal opinion, I don’t ever think it is wise to completely ignore debt collectors when they contact you.
Other reasons why you may choose to ignore their attempts to collect a debt:
- You may not have the money to pay the debt.
- You may disagree with the debt.
- You may not know what other options are available to you.
- You may be completely unfamiliar with the company contacting you.
Regardless of the above reasons, it is always best to do your research in order to determine how you are going to approach the situation.
Option #2 – Call the collection agency to work out a payment
A lot of the time consumers think that calling the agency in question to work out a payment may be their only option to resolve the matter.
I’ve made this mistake previously and paid on an account before doing my research, only to find out that the creditor in question never really reported this item negatively on my credit.
I would be very hesitant before you decide to contact Midland and admit to owing any debt. Ideally, your best bet would be to send them a letter via certified mail in order to have them validate the debt in question.
There are laws such as FDCPA (Fair Debt Collection Practices Act) which governs the actions of a debt collector. There are certain things that they can and cannot do when trying to collect a debt from you. A majority of the time, they are in violation of these laws.
Option #3 – Sue the company
This is an option that many people decide to take.
There have been many cases where people have come out victorious when suing debt collectors due to their foul practices.
Obviously, before you do this you’d want to consult with an attorney to find out the best approach.
If you have found Midland LLC to be in violation of your rights you may be better off to take matters into your own hands and sue them directly in small claims court.
There have been many successful judgments plaintiffs once they have proof that debt collection companies are in violation of federal law.
Check out this mother who won a $7,500 judgement when the court decided in her favor.
How do I get in contact with Midland?
Phone numbers: (858) 560-2600, (877) 240-2377, (602) 431-1756, (800) 825-8131, (877) 864-3526
Address: 8875 AERO DRIVE SUITE 200 San Diego CA 92123
Email Address: email@example.com, firstname.lastname@example.org, email@example.com,
firstname.lastname@example.org, email@example.com, firstname.lastname@example.org,
email@example.com, Rita.Melconian@MCMCG.COM, Brian.Frary@MCMCG.COM firstname.lastname@example.org, email@example.com
It is highly recommended that you do your research and not make an emotional decision that could affect you later down the line.
Creditors are known to prey on consumers who have little knowledge of the current laws that are in place to protect them. Is this unfair? Yes, however, this is also the world that we live in.
There is information that is available, you just have to find it. Just know that you’re not alone and there have been many consumers who have fought and won against these huge companies who believe that they above the law.