Midland Credit Management (MCM) aka/Midland Funding collection debt desperation
Filed Under: Collections
Filed Under: Collections
As of late, they are getting cozy with Citibank and buying VERY old charged off debt. If the consumer has a letter and/or phone call from MCM, CHECK THOSE DATES on the alleged debt. Then check your state codes for the statute of limitations. This is for you – THE CONSUMER – to take advantage of see if the date to collect has expired. If is has expired then you need to write an SOL letter and send CM/RR to document the mailing. If the date to collect has not expired, write your VOD letter immediately.
Midland Credit Management is using an arbitration company to take the consumer to court. Arbitration is messy and ugly. This website has yet to write about arbitration and judgments in more detail. We have dealt with both scenarios and it is not pleasant. The only reason the collection debt would reach that stage is because you ignored the debt collector letters AND you did not learn your rights on how to fight it. If you have received an arbitration claim from Midland Credit Management, contact us and we can ONLY advise you over the phone (inotherwords, we do not offer a service to assist you with this critical collection stage) and to seek legal counsel. There is a right way to do that and a wrong way to do that.
At Next Level Credit, we stick to the basics of giving important information so that you can take action. We want you to be aware of the arbitration and judgments (more than basic) that MCM are using to collect and that this could happen to you. We strongly encourage you to seek legal counsel for the “more than basic” fight.
Also, MCM is hiring overseas in India to collect debt from Americans! Desperate perhaps?
Consumer (September 2008): “How desperate are the fools at MCM? Started receiving calls from India, collector spoke as though he was sucking marbles. Trying to collect on a debt more than ten years old. Went on about how he was “Certified by MCM” on the FDCPA. Almost impossible to understand. Why do junk debt collectors like MCM collect on such old debts and why go to India?”
Reply from Bud Hibbs:
Wall Street appears to be dissatisfied with many bottom feeders and they are feeling that impact. MCM thinks it has the right to place anything it chooses on a consumer credit report and never respond to validation requests. Consumers are warned that it is illegal for them to report accounts that cannot be validated and they still have the ability to payoff on FCRA lawsuits. I urge anyone being scammed by MCM to contact the consumer law professionals at www.myfaircredit.com. The law allows that you and your attorney may be paid for their greed, stupidity and attempts at extorting monies they are not entitled to. MCM cares only about making money at the expense of the American consumer, they are a disgusting, slimy organization that lies, cheats and puts us at high risk in a foreign country.”