settle debt with Midland Credit Management
Date: Sun, 10/03/2010 - 22:58
Hi I suggest you to to accept the offer given by Midland Credi
Hi
I suggest you to to accept the offer given by Midland Credit Management company.
I would call 866-833-6398 they don't take any upfront fees and y
I would call 866-833-6398 they don't take any upfront fees and you pay the creditor directly and they only charge a small fee after the settlement letter is sent directly from the creditor or it's agent. They can settle between 20-35 cents on the dollar.
Quote:Originally Posted by AnonymousRecently, I saw Midland Cred
Quote:
Originally Posted by Anonymous Recently, I saw Midland Credit Management listed on my credit report. I have sent a debt validation letter to them on 24th August 2010. They have sent me a settlement offer on 16th September. They are offering to lower the payoff amount by 8%. As they have not validated the debt, what should I do? Should I accept the settlement offer? |
Do not take the settlement. They are required to validate the debit. By you accepting the offer they are no longer required to validate the debit. This usually means they have no intentions of validating it and are trying to get you to pay it off anyway. If the debit is valid they will have no problem supplying you the documents needed, and as federal law requires them to.
They should validate the debt first. They are trying to get arou
They should validate the debt first. They are trying to get around it by sending you the settlement offer. Are you sure that you own the debt? If not, send them a letter again stating that if they do not validate the debt, you will be bound to dispute the debt and send a 'Cease and Desist' letter.
Good advice, Paul! I also just sent a validation letter to Midl
Good advice, Paul! I also just sent a validation letter to Midland, well actually an attorney working on Midland's behalf, and am awaiting the reply.
George, good luck on yours and any updates you post will be appreciated!
thx
Quote:Originally Posted by RoswellHi I suggest you to to accept
Quote:
Originally Posted by Roswell Hi I suggest you to to accept the offer given by Midland Credit Management company. |
Um.....what? So he should take a 92% settlement (thats what lowering the payoff amount by 8% is) without them even validating the debt? Well in any case a 92% payoff is just ludicrous.
Debt validation simply means that this CA needs to prove that yo
Debt validation simply means that this CA needs to prove that you are the person responsible for paying the debt AND that the amount they are trying to collect is valid. If they can't validate it, you don't pay it.
Do not take ANY offer from Midland. First, make sure the debt i
Do not take ANY offer from Midland. First, make sure the debt is legitimate. Second, do not speak to anyone at Midland. Make all of your inquires in writing or use representation.