Midland Credit Management / Encore Capital gross $97.8 million
Filed Under: Collections
Filed Under: Collections
Jan 10 · by Next Level Credit
This could be a rumour. However, Forbes is very reputable so we say it is not a rumour. This is beyond disgusting and there is not a word to describe the feeling when we read that MCM and Encore Capital is grossing this amount of money.
$97.8 million – ONE QUARTER !!!
We posted earlier about Midland Credit Management debt collectors and their desperate tactics. Here is another article from buddhibbs.com with some stats that will make your blood boil.
MORE consumers need this information and made aware that we CAN fight the collection debt industry.
NEXT LEVEL CREDIT
2 Responses to “Midland Credit Management / Encore Capital gross $97.8 million”
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Okay, so $97.8 million in one quarter is a huge amount; however, when you think about the amount of loans people take out and never pay back, it isn’t even a drop in the bucket. I know of one company (a lender) that is writing off just over $50 million in bad loans every quarter. $200 million a year!!!
I might not have the highest paying job, but I do have a lot of pride, and I do pay my bills. And you know what that gets me??? a great credit score and NO, that’s right, NO collection calls.
Face up to what you have done. if you have lived and had a great time with someone’s money, pay it back! I guarantee if you lent me $1,000.00, you would not accept me telling you I couldn’t pay it back. You wouldn’t accept me saying: “You have more money than me, so just eat it!”
No, I don’t work for a collection agency, a bank, a credit card company, or any business even close. I was just raised to live up to my obligations. And one more thing…this idiot in the White House saying people who earn over $250K a year need to give to others…that’s B.S.!! Good for them for making something of themselves; they don’t owe me a cent!
Chuck,
Thanks for your comment. Just recently, we have had someone bad mouth consumers and how they don’t pay their bills. Actually, this was a personal friend who is too ignorant to really understand how companies such as MCM do what they do. The person who was critical ate his words because his brother who had a perfect credit score, house (wife, 2 kids), 2 cars, great job was laid off from a major company last year. The brother had to stop paying his mortgage, let it foreclose, and as of last month he moved out of his house and is renting an apartment.
To add to that…we talk to many people each day all different situations, business owners who businesses have closed, to two job losses in one family, to medical emergencies which causes job loss, unforeseen. These are consumers who had GREAT credit. As we have posted here before, unless you are IN this critical financial situation, you will not understand the dynamics.
We agree with your comment about the White House and we pray for him too!
~Next Level Credit~