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Midland Credit Management, INC.

Date: Wed, 02/08/2006 - 08:19

Submitted by anonymous
on Wed, 02/08/2006 - 08:19

Posts: 202330 Credits: [Donate]

Total Replies: 9


Hello,

I recently got a phone call from Midland Credit saying I owed (this amount) for a old Fingerhut account. They want me to either make $100 a month payments to pay the bill off or they gave me a settlement of $1, 130.51 to pay by the end of the month.

I told the lady I could do monthly payments but coudn't pay $100 mth. She then asked me if we rented or owned a home then when I told her we rented she asked if my husband had a retirement fund we could get the money from or ask a relative. She said if I don't pay they are going to take me to court or take the money from my husbands work check- I don't work.

I realise I owe this debt, but how can I get it so I can make monthly payments that are manageable to me and my family. Or, should I just find a way to pay this off in a hurry.

I would appreciate any help in this matter.

Thanks,
Tina


Before you do anything,you should send a letter for validation of debt,that will give you a little more time.When was your last payment on this account?Make an offer to them after you receive the validation,ask to speak to someone higher up.But first you need to send out the letter,I found two addresses for them.
midland credit management, Inc. , 4310 E. Broadway Phoenix AZ 85040 (602) 431-1756
Midland Credit Management, Inc. , 8875 Aero Dr., Suite 200 San Diego CA 92123 (858) 560-2600


lrhall41

Submitted by twokidtwocat on Wed, 02/08/2006 - 09:13

( Posts: 602 | Credits: )


Ask for the validation of this account from the company. You must be given proof that midland credit management, INC. is authorized to collect for Fingerhut. The complete break down of the principal amount along with the interests has to be mentioned in the validation request. They also need to give copies of your contract signed with the original creditor while this debt was incurred. Along with it, a note of the date of last activity on this account should be attached to verify the statutes in your state.

After you have verified all the details thoroughly, you can need to make a payment arrangement with the company. If you can make a good deal, this debt can be reduced to half, provided you ensure them regular payments. If it's tough for you to make the payments, use a consolidation program. You can pay the debt through easy monthly installments and all the negotiations will be done by a professional hired by you.


lrhall41

Submitted by curlycarl on Wed, 02/08/2006 - 11:01

( Posts: 616 | Credits: )


I,m moving and need mr.black to contact me and my new number 1-417-649-6981. I also have new information about my checking account. Please either email me or call as soon as possible,thank you.


lrhall41

Submitted by on Fri, 05/16/2008 - 12:11

( Posts: | Credits: )


I just got a letter from them telling me they want a payment by 06/22 for 40% off or the full balance by 06/29. It isn't till the other side of the letter it says I can dispute it.

I am sending out a DV letter but I have read that they don't validate and in fact send letters to debtors asking for validation.

My question is, what do you do after they fail to validate the debt? Can they sue you still? If they do sue can you have it dismissed with prejudice by showing the proof they failed to validate and that you sent a letter to them?


lrhall41

Submitted by on Mon, 05/19/2008 - 16:44

( Posts: | Credits: )


UGHHHHHH. You must be in San Diego. Believe me, I'm from San Diego and MCM are really horrible. First off, they will NOT sue you. Can you afford the settlement? If you can, do the settlement and ask for a Pay for delete letter. once you get that, let me know and i'll post the Big 3 fax numbers for dispute. By using this method, the Big 3 have 5 BUSINESS DAYS to update your account. This will be good for you.


lrhall41

Submitted by pageantgirl_1908 on Mon, 05/19/2008 - 19:49

( Posts: 22 | Credits: )


LOL no, I am about 3,500 miles from San Diego.

I don't know if this debt is mine and how old it is so I will send the DV letter. MCM is not on my credit reports as of yet. I was reading and they can only put an entry if I don't respond after the 30 days. If I dispute it they can't do a thing.


lrhall41

Submitted by on Mon, 05/19/2008 - 20:03

( Posts: | Credits: )