I was checking my credit with Experian and noticed two accounts with Midland Credit Management-Fingerhut. I contacted Fingerhut and gave them my information. Fingerhut says that they have know record of me having an account with them. Me either. They told me the debt may have been sold but midland credit management was not an institution they sold it to. The two buyers they gave me were different names but I contacted them and they never heard of an account with my name either. I cannot get in contact with Midland by phone. The date the negative was posted was this December 2005. I have not had anybody contact me about any debt.

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Hi John

Check your credit report again and see if the said account is shown under any collection agency. A collection agency having your account legitimately often report to the bureaus.

If you don't find any name of the collection agency, you might have to wait till the time you are contacted by one. Be sure to get the debt validated from their side so that you are assured of paying to the right company that is holding your account. They will give you a statement showing the details of the debt account with the name of the original lenders in it. Also check the SOL in your state and know if it is within the legal collection period.

Read this helpful article on the importance of debt validation. This will explain the ways to get the accurate details of your accounts with the collection agency.

http://www.debtconsolidationcare.com/validation.html

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Ok this has turned into bit of a chase. I called midland credit management and was told that they bought the debt from Fingerhut. I asked them to give me information on the debt and was told to contact TruLogic Financial. Midland would not give me any information about the debt at all. TrueLogic Financial told me to send them a letter of dispute and a notorized copy of my signature and ID. They also told me the debt may have began in 1999 or 2000 he was not sure. I will go throught the validation process like you stipulated. I need to know the SOL for Mississippi.

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In Mississippi, the debt is out of the statutes after 3 years. This pushes your debt out of the SOL period. Place it on dispute with TrueLogic after they send you in writing about this account. Don't send your dispute first. And, don't give your signature and ID. They will be able to prove by using illegal methods that you have agreed to pay this debt. Always be suspicious when you are dealing with such agencies.

Have you given your ID to them? I am worried till I hear from you

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I have not sent them my signature or a copy of my DL. They have my SSN on their files though. They say that I cannot dispute it now because they have sent me a letter. I am a college student and I have moved several times. Is there a limitation on dispute time. It went on my report this month. The original date is 12/28/99 on the accounts. TruLogic told me this. I asked not to be recorded. I requested not to be recorded and he said he could not talke to me. The dates on my credit report show 12/05 for the two accounts which is hurting my credit score. Second Question. I have a checking account with Baxter Credit Union ($210) charged off on Dec 29 2000. It shows up charged off 2005 on Experian and 2001 for Equifax. Will it help my credit score to dispute the dates and get my report to show the 2000 date? Will it help my credit score to do this and then pay it off? If I pay it off will it reset the 7 and half years? Sorry for all the questions but I am trying to repair my credit. Most of these accounts are 5 plus years old and I still cannot get any credit extended to me. I am not trying to get credit now but I may need it in the future. I just finished grad school. Thanks

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John, I suggest you to register in this site for a free counseling. I would have taken professional help at this situation. The agency is making things tough though it should not have been. You have the rights to dispute the letter and they are not letting you do so. Once your accounts are placed on dispute, you won't be legally required to pay this debt. However, the negative information will be removed after 7 years from the date of opening of this account. Your credit score will increase once this account gets removed from the file. Or, you can pay the whole debt now and see the increase in your scores. If you pay towards the account, the SOL will be set from the beginning and collection attempts will be valid for the next 7 years. Give a thought. A free counseling will be helpful to you.

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I have called your office back in May of 2005 in reference to letter code 04140054 and requested your office to send me a letter stating tht if I pay $1300 the case would be closed. The account manager name John stated that he would mail one out. After about two weeks went by, I called again and got the same statement. Since then, I have called several times and each time I call the Act. Mgr I get a different amount every time. I have a family member that is willing to help me clear this case. My offer is a certified check for $1000 plus notice to Credit Bureau that this has been taken care of. I can be reached at 617-543-3000.

James Peterson

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James

Your search on midland credit management resulted this forum which is posting consumer feedbacks on the specified company.

To get in touch with the actual company, please call the customer care of MCM and place your request there.

Send your request in writing to the company's mailing address and keep copies of it. It will be helpful if you send it through certified mail with return receipt requested.

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I noticed midland on mycredit report in october.
it seems like they reopened a account i had with verizon visa in 2000. i owed 1040.00 midland put more charges on the account it was at 1040.00 for 5 years.
last month i did pay 100.00 towards my balance of 1,582.33. do you think if i ask they would settle less than the total dept?

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JESSICA

Most of the times, collectors don't extend settlements whenever consumers desire. But at least, you can negotiate with them and give a try to it. Maybe, there are some offers available for people like you trying to pay their debt.

Also, note that the collectors are allowed to add interests on the total debt only if the creditors have authorized them to do so. Besides, check the statutes in your state to know the permissible interest charges that can be levied legally.

Did you get the details of your account in writing from this collection agency? Review your account properly before you make a settlement offer.

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I have received a settlement letter and they are requesting half of the amount owed then they will consider it paid in full. The only problem is this is in my ex-husband's name for a repossessed vehicle several years ago. I was a co-signer on the loan but everything comes in his name. He has never lived at the address I am currently at and I don't want him to have my current address. How do I get this to start going to where he currently lives??? I don't want to get stuck paying another bill that we had jointly. It clearly states in our divorce papers that he is responsible for this vehicle. Do I need to worry and what can I do regarding this address issue? Please help.

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Jessica,

I just wanted to let you know about my experience with midland credit management. My boyfriend also had a Verizon Visa that they attempted to collect on. They actually took him to court a month or so ago. The lawyer agreed to let him pay just the limit on the card, minus the fees. He went from a balance of $1500 to $500. Offer to pay the limit only, and they can break it up into payments for you. He's doing $125 for 4 months.

I'd be interested to hear if they accept your offer before they take legal action. I'm sure they will.

Hope that helps!!!

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helpless,

As you have jointly signed the mentioned debt with your ex-husband, the company will consider you liable to pay it. But there is a possible chance of passing this debt towards him since the divorce decree mentions him to be responsible for it.

Do you have his present address so that you can request the company to contact him there? Give a copy of your divorce decree and let them understand the scenario. Keep in mind, the agency will try to contact your ex at the other address but if they fail to recover the money from him, you will be later held responsible to pay it. So, it will be better if you can have a direct talk with your ex and come to a conclusion.

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How can I pay? Can I pay on line? My account is 85117*****

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Hi George

You need to contact your financial institution and make payment arrangements with them. They will also suggest you if you can make the payment online.

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30 days are up on the debt validation, no response from Midland. Now what do I do???

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