Midland Credit Management Inc listed on my credit report

Guest, you are not alone in this problem with midland credit management. Since they have a collection agency, send them a debt validation letter to get the actual details of your accounts. They must follow the fdcpa laws before attempting any collections on you. Do you have any proof from your side about this debt being paid? This will be your best defense to prove that they are contacting you with wrong account information.

If you do not want them to call you at your home or your place of work, mention in your cease and desist letter that you prefer to be contacted only by email. This will keep them bounded to follow the federal laws.

Is this the same MCM that is based out of Arizona and if so could you please send me a contact number and mailing address.

Charlie

Hi Charlie

midland credit management can be reached at 800-282-2644. I know MCM has their corporate office at CA. Here is their address:

Midland Credit Management
5775 Roscoe Ct
San Diego, CA 92123-1356

Consumer Relations
800-825-8131 ext 2980

You can give a call to them and request for more information.

I had a couple of accounts with midland credit management. I simply disputed them with the CRA's and Midland sent me two letters deleting the accounts. I would try that first. I am new here but it worked for me.

I am attempting to clear my son's credit history. The cred. rept. shows Midland Credit Mgmt. with Experian, $1410 (credit extension) and Equifas $1390 (collection). Can you please tell me whom to call to negotiate a settlement on this acct.? Thank you.

Rosemary Ennis,

Call your creditor and see if they can accept payment on this account. If they are interested to work with you, make a written agreement before paying them.

However, if your account has been sold to the collection agency, then you might have to deal with Credit Midland directly. Contact them and ask for debt validation first. If you are satisfied with the validation provided by them, make suitable payment plan.

Again make an agreement before paying, this is important. Keep all the records of your payment to them. And always send your letters through certified mail with return receipt requested. Keep us posted.

My husband and I recieved a letter from MCM and they said they would settle for $678 on a $1,131 debt. I have made the 4 payments of $169, like stated in the agreement and the account is now paid off. I have called several times and verified that the account is paid in full and in good standing. That was in Novemeber, 2005. We are now in March, 2006 and I still haven't recieved a letter of verification that the account is paid and the agent has called me twice, urgent calls, but says everything is fine. On my husbands credit report they now have a new entry from MCM that could potentially be negative, but the account is supposed to be in good standing. Something isn't right with this company from what I have been reading on here. What else should we do for this? We are trying to rebuild his credit and haven't been late on anything and have paid off all past due accounts that we can. This isn't helping the cause. Please advise on our next step. Thanks.

AmynJamie, send a letter to the credit bureau that is reporting this collection agency. Highlight the item and request them to verify it. They will conduct an investigation with all your information providers. If your dispute is found correct, you will see its effect on your credit report.

As you have surely paid off the account, ask the CA to validate the debt first. Without having the details in papers, you can't be legally forced to pay anything. Send your letters through certified mail with return receipt requested. This is important because you will have proof of all the actions taken from your side.

I recently did a free credit report, and saw midland credit management on there. I got the number from this forum and called them to vaildate the debt. The not so friendly gentlemen told me it was past the dispute stage, and they weren't legally binded to send me anything. He said that it was my responsibilty to prove the debt wasn't mine. He offered me a settlement for a crazy amount by the 31st of this month. I told him I wasn't going to agree to anything, and he said there's nothing else he can do, and pretty much hung up on me.

Is working out a settlement with them the only way to remove them from my credit report? Will it always show up with an open status? Can I egg there building?

Midland Hater,

A correct negative entry cannot be removed from credit report. If they are holding your account, they will report to the credit bureau. But you always have the right to ask for debt validation. How long are they holding your account? Did they ever contact you to collect the debt?

IMO, you should send them DV via certified mail with return receipt requested. Once they receive the letter, they have to send you the itemized detail of your account. When you get the validation, check it carefully. You can dispute the incorrect item in the validation within 30 days of receiving it from the collection agency. Go through the article for more details-

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

I have a open account and would like to get this account taken care of. How do I contact Midland credit to do this?

800-825-8131---> Midlands #

Thank you

Not a problem at all! :)

I have recently begun to clean up my credit which has been ruined by credit cards I received over ten years ago (I was irresponsible and didn't pay them)and a repossession five years ago (which was immediately paid). I recently paid off a debt that Associates had "charged off" and sent to Midland Credit Services. I applied for a Secured credit card through my bank (where I have a checking acct. and debit card) and was denied! I thought I was almost guaranteed a secured card since I would be the one supplying the funds! I don't know how to go about rebuilding my credit since I thought that would be a good start. Also, the "charge off" card that I recently paid the balance due for (I sent the payment about a week ago) hasn't yet appeared on my credit report, so should I have waited to apply for the secured card after the account was shown as paid? How long do I have to wait until I can re-apply for the secured card?

numommy,

There is no specific time limit for the creditor to update your credit report. However, you can request them to update your file as early as possible. If they don't, you can dispute it with credit bureaus.

Now, if you pay a charged-off account, it is most likely to be reported as paid charged-off. If you wish to get it reported as paid, you have to contact your creditor to finalize it. Keep us posted.

I posted on another part of this site about the charged-off account I had w/ Associates that Midland is now handling. I was told it was a very bad idea to pay this off b/c the account is over 10 years old and hasn't been active for several years. I was told Midland cannot legally collect on this account any longer. B/C of this, I called and had my check for $1200 I sent to them last week cancelled b/c it has not gone through yet. Now what? I believe this account is on my report, but how do I get it off of my report? By paying it to Midland I guess it's very negative b/c it just allows the negative mark to stay on my report for 7 more years. I am at a loss as to how to go about paying off my debts! I have the funds to do so now, but who do I contact about my rights and getting debt free and on how to regain good credit? (I live in MN.) My credit stinks so bad I can't even get a secured card!! I really want to fix this!

Quote:

I wound up calling Midland and was told they are still able to collect on the account until April 2007, and come to think of it the last time any payment was made or contact with Associates was made was probably around '99 or '00. She then told me it would be a good thing to pay this off b/c they report it as being "paid in full" on my report and it will look better now that I have paid it, even though I only paid half the balance b/c of the settlement offer. She assured me it will appear as if I paid the full balance, though, which was about $2500. I then requested a letter be sent to me that the payment was made (I made a one-time payment of $1200) and she said they always send a payment confirmation letter w/i 30 days. (By the way, I reversed the cancelled check after I talked to Midland and just paid the darn thing). So that's where I stand now. Also, I have Capitol One listed on my credit report from another card I had years ago (I only had 2 - thank God!)and would like to pay this off. The last time any payment attempt was made on this account was about 4 years ago. Should I just call Capitol One to set up a payment plan, and by setting up payment will this help my credit? Or will I be 're-starting' the clock on this account?

If you pay it off with one payment only, chances are your creditor will not restart the clock and it will get off your credit report on the scheduled date.

There are two types of SOL, one is applied to debt collection and the other is meant for credit reporting. SOL for debt collection is the time frame after which the debt is declared to be uncollectible. It varies from state to state. It is counted from the date of last activity seen in your account.

The SOL for credit reporting agency aka seven year reporting time is same for all the states and it is counted from the date on which an item enters your credit file.

Could you please remind me what SOL stands for?

SOL stands for statute of limitations.

So about my Capitol One account... would it be ok to call them to set up payment arrangements or would I be restarting a clock somehow? This account was listed on my report under Capitol One, not a collection agency, and the last time I attempted to pay on it was about five years ago. Would this be a good thing on my report if I set up payment arrangements - I know that's kind of an obvious answer, but I just don't want to re-open something or get another negative strike on my report.

hey there. This late in the game, I'm not sure if you want payment arrangements or not. I'm not telling you not to pay your debts, not at all, but making payment arrangements, will surely start the clock all over again. Its better to pay it off in one lump sum, you should get a 'paid as agreed' or 'paid charge off' (depending how they're reported it for the past five years). The only way to NOT restart the clock, is a one lump sum payment. a payment plan or payment arrangement will reage the debt.

Hmmm... I just can't afford to pay off another bill with one lump-sum payment right now. The balance due on this Capitol One account is $1200, so I thought I could pay monthly until it was paid off. I'm worried about even contacting CO because I don't want my inquiry on the account to "restart the clock".

Do what you think is right. I have read alot of post from people here about still getting sued and carted off to court AFTER the SOL was out and the judge ruling for them to pay. So when it does go out of SOL, you could still have to pay it. So maybe you should make payment arrangements. It will restart the clock but you will still get a 'pays as agreed' or paid charge off when you're finished. If you don't want to take a chance on getting sued and all that, maybe you should talk to them about payment arrangements. anyone else here want to jump in and share? shirley

Part of me is so anxious to pay this off, but I don't want to get ahead of myself. Who wouldn't want to wait until the SOL is up and hopefully not have to pay, but the fact is I want to be responsible about this and clean up my credit as fast as possible. I fsomeone else has an opinion about contacting Capitol One after five years of non-payment, I would love to hear it!

Does anybody have any advice about contacting Capitol One to pay off a credit card after almost five years of non payment? Will it restart the clock or look ok on my report?

In debt,

It seems that you have made the last payment towards this account 5 years ago. So a single payment will restart the clock.

Is it appearing in your credit report? What is the status? Please update us.

Yes,it is appearing on my credit report as "charged off" but it shows it with Capitol One and not with a collection agency.

Sorry, I looked again at my report and it actually says Account Status: Closed; and under Account Type it says Credit Card - Revolving Terms. Under Payment Status it reads: Charge-off and Credit line closed - grantor request - reported by subscriber. It is all still listed under Capitol One, though. Should I contact them or see if they will settle?

Indebt,

I assume the account is still 2 or more years behind the 7 year reporting act. So it will be there on your credit report for more days. Chances are the collection agency has not reported your account yet. It might appear on your report any day.

Now, if the original creditor has sold the account, they won't accept payment from you. There is no harm in contacting your creditor; however, it could give you a better result if you pay the amount in full. BTW, which state do you belong to? Have you checked the SOL for debt collection?

I live in Minnesota and I have not checked the SOL here. The credit report states the account was opened in April of 2000, although I could swear it was opened much longer ago. This may have been the last time I made a payment, so I'm wondering if the clock got restarted in April '00.

You can consult a lawyer with this, however, I think your account is very closed to SOL. It is 6 years from the date of last activity in Minnesota. In that case, after April '06, no legal action is enforceable for this account. You should consult a lawyer for this.

Sometimes creditors use state laws of their state also, if they are from a different county. Still if the account is past SOL in your state, you can deny paying it. But it will be there on your credit report for 7 years from the date of reporting.

just need phone number for midland credit management

Adelaide, you can reach MCM at 800-282-2644

I received a letter from MCM recently stating that I owed a certain amount from a credit card debt. I know where the debt originated, but I did not know until I got the letter that MCM is the current owner. I had been making payments to the original credit card company, Chase Bank, through a debt management program. I was told by the Chase that yes, they received the payments and that the payments were being forwarded to MCM. However, the amount that MCM says I owe is the original amount of the debt - it does not reflect the payments that I have made through the debt management program. I do not know what to do at this point. The debt management program is encouraging me to call Chase and find my payment history with them, but Chase is quick to brush me off when I call with questions because they don't own the account any longer. They said the payments were being forwarded, but it doesn't seem true. Can someone give me advice on how to deal with this? I have made payments that have gone toward nothing! I need help!Thanks!!

Get copies of all of your payments, checks, etc..And stuff from your management program to make sure they are really sending stuff to Chase.

Greetings,

I am enertaining a settlement offer with a collection agency. The only poblem is, they are not willing to put the settlement offer in writing. I am planning to write settlement offer for account number on the check. Is this a good idea???

If it is midland credit management, beware of them! They have a lot of consumer complaints against them. First you must know that they legally authorized to collect the debt from you. Don't send any money until you are sure that they have your accounts.

Send a debt validation letter and know the details of your accounts in writing. After they have received your request, the details must be given to you otherwise, you can involve the credit bureau to get the straight facts.

A credit collection agency offered me a settlement for half of the original amount. Once the payment is received, they will notify the creditor the account is settled in full. I was informed by the representative that my credit report will read paid in full. I concerned about the charge off status. Will settling this account take it out of charge off status and read "paid in full".

The SOL ran out and the collection agency is unwilling to put in writing that my credit reports will read "paid in full". Is it a good idea to settle this account or should i use the court system to try and get what I want? Truthfully, I want this account deleted or at best, marked paid in full.

Any information is greatly appreciated...

D.L.B. in Pennsylvania

D.L.B.

Are you sure that the account is past the SOL period in your state? If it is, you are under no legal obligation to pay the debt. No agency can force you to pay on the account and no actions can be brought against you. But, the negative information will still stay in your file for seven years unless you wish to pay it off. If you make a payment towards the account, the SOL will be renewed and the company will enforce all actions in case of a default. Be sure of paying the account in one time if you intend to do so. The account will be reported as "paid charged off" by the creditors in your file. It can't be reported as 'paid in full" Though it is still negative information, but it's still better than an unpaid account. There will be a slight increase in the credit scores from the present scores.

David,

Thanks for the reply. I did check the SOL in Pennsylvania and it's 4 years. This debt came via a marriage approximately 6 years ago. The name of the collection company is National Action Financial Services, Inc (NAFS).

I sent a validation letter and they sent me a settlement offer. The letter contained the original creditor's name, account number, and the balance owed. I also have NAFS's debtor Id number; but how can I find out if they are allow to collect on this account?

As well, if I decide not to pay this account, how will it affect me obtaining a morgage or credit in the future?

Thanks for your time and assistance,

D.L.B.

D.L.B. if the company has proof of your account, you can send your payments to them and they will transfer it towards the account. However, be sure that a single payment will renew the expired SOL and you will come under legal obligations to pay it. Have everything in writing for records and that the company is making legitimate collections here.

If you decide not to pay the account, it will be reported as an unpaid account in your file. The possibility of your credit scores increasing wouldn't happen. Your future lenders will see that you have left this account unpaid and will decide if they wish to extend new credit to you.

I received a call about a debt that i owe and midland credit purchased it. They asked me to settle and i agreed. They were suppose to send me a letter stating our agreement but they have not sent it as of today. I'm afraid that if i pay them they will not remove the debt from my credit report as paid in full as they agreed to do. I do not know how to contact them i have lost the phone number. Please help.

The phone # of midland credit management is 800-282-2644. You must make sure that Midland has the legitimate details of your accounts. There are many companies that make fake collections and steal money from the people.

Don't rely on verbal communication. Have everything in writing before you send your money. Once you know that they have your account details, insist them to put in writing that they will be updating your file as paid. This will be good for your records.

I don't like this company. They have me down for a CitiBank Credit card, and I've been trying to call to pay it off, they said that it was sold off to another company called Embrace. I called them to offer a settlement, and they are now trying ot offer me some credit card, of which if I pay $59.00/month, I will get a discount to then settle my Midland account...but htey say they are the same company. I'm so confused, I don't know what they are trying to do, I just want to pay it off and get on with my life. Is there any advise anyone can give. I've been calling Midland to let them know that I've been having a hard time dealing with this company, who is not on my Credit Report, but Midland is. They say that they don't give letters when they transfer accounts...all I have to deal with is the new company. So they pretty much hang up on me all the time. HELP.

Alphina

Do you have anything in writing from Embrace? They must give you the necessary information about your account before you make a payment. Send a debt validation letter to Embrace if you have not got anything in writing from them. Send the letter through certified mail with return receipt requested. You will cover your basis after the company has received your mail. Keep the receipt of the certified mail for your records.

I have a mark on my credit from Midland Credit Mgmt. I'm not entirely sure what the orginal account was, but I'm fairly sure it's legitimate. I'm going to go ahead and send them a DV though. But here's what I'm wondering: On my credit report it says the date opened for the Midland account was in 2004. However, I guess that is the date that Midland took it over from the original creditor because the original account was probably opened in 1998 or 1999. Will this Midland Credit account fall off of my credit report 7 years from the original account date or from the Midland Credit Mgmt date? Can I dispute to the CA that the original account is more than 7 years old and get the Midland Credit mark off my credit? Midland seems to be reporting to the CA every month. So, even if I can get it taken off, won't it just go back on when the report it again?

Frank

Negative information remains in the credit file for seven years only as per the FCRA laws. This period begins from the date the account first went delinquent. The CA's change the dates in order to keep negative info for longer period.

Make sure that Midland has the correct details of your accounts. It will be a fraudulent activity to hit your file without legitimate purpose. Besides, you must check the SOL period of your state before making any payment on this account. The collector will insist you to make a small payment so that the SOL gets renewed. Be careful on that note.