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Whis is Midland Credit Mgmt on my credit report?

Date: Sun, 12/17/2006 - 18:02

Submitted by anonymous
on Sun, 12/17/2006 - 18:02

Posts: 202330 Credits: [Donate]

Total Replies: 4


Midland Credit Mgmt is listed on my credit report as of Nov 2006. The origial creditor was an auto finance company that repossed the car in Mar 2006. How is that possible? I have since purchased 2 vehicles with no problem. Why is Midland suddenly showing up on my credit report and what makes anyone think that I intend to pay for a vehicle that I no longer have possession of?


If a car is repossessed, and it is sold at auction for a loss you will be responsible for the difference. Midland is a collector and your auto finance company sold the debt to them. If they decide to pursue it, Midland will take you to court to garnish your wages. I never had a car repossessed, but had Midland as a collector on charged off credit cards. They served papers on me within 3 months of aquiring the debts. This was 5 years ago, but I am sure they are just as aggressive now.


lrhall41

Submitted by on Sun, 12/17/2006 - 18:16

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This appears on my credit report open on January 1 2006.. with the terms one month.. I do not know what this is about.. Can you help?


lrhall41

Submitted by on Mon, 06/16/2008 - 17:32

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