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The incessant calls from debt collection agencies are among the worst things that people have to deal with when they have outstanding debt. These calls will soon transcend beyond being a simple annoyance. They can escalate into harassment and become intolerable, especially if a debt collection agency begins to threaten you. One of the company’s largest debt collectors, Midland Credit Management, has a history of pestering Floridians over unpaid debt. If this company has contacted you, it is important that you understand your rights and how to respond to the calls.
Did you receive a call or letter from Midland Credit Management? Are you wondering who this company is and what they want?
We will be happy to tell you more about them and offer you advice on how to handle Midland Credit Management, Inc.
Who Is Midland Credit Management?
Midland Credit Management functions as both a debt buyer and a debt collector. They frequently use the moniker MCM or Midland Funding, another related company. The relationship can be simply understood as follows: Midland Funding buys the debts, and then they transfer them to Midland Credit Management for eventual collection. Both businesses are part of Encore Capital Group’s parent company, but they are separated for legal and logistical purposes.
Lenders who have given up on their own recovery of large groups of delinquent consumer debts are bought by Midland Funding (or one of their affiliated entities). Then, MCM makes persistent attempts to collect on those past-due accounts until the debt is settled.
They have a few other names under their umbrella. You might also see Encore Capital Group or Atlantic Credit and Finance if you have debt that Midland or Midland Funding has acquired. It can get a little complicated because all of these businesses are entwined. We’ll primarily use that for the rest of this post since Midland Credit Management handles the majority of their collection activity. It should come as no surprise that Midland Credit Management is among the biggest debt collection firms in the nation, considering the sheer number of entities involved.
Is Midland Credit Management Legitimate?
Being a consumer rights law firm, we always advise you to proceed with a healthy dose of skepticism when responding to calls or letters requesting payment. But if the call or letter really comes from Midland Credit Management, they are a reputable debt buyer and collector. One of the biggest debt buyers and collection companies in the United States is MCM.
What Kind of Debt Does Midland Credit Management Collect?
MCM typically focuses on the consumer debt market, which consists of debts owed by people as opposed to companies. Typically, they buy past-due consumer debt from lenders that prioritize serving customers, such as credit card companies, auto lenders, and phone providers.
How Do I Deal With Midland Credit Management?
As a consumer in debt, you have rights and can take certain actions if you receive calls or letters from Midland Credit Management. First, read the Attorney’s Guide to Reading A Collection Letter. This will clarify the main points of the letter you were sent.
If you’re not sure that you owe MCM the money, you may want to consider disputing the debt. You can try to accomplish this on your own with a little investigation and work. Reach out to our staff at National Legal Center if you would prefer to delegate this task to a debt lawyer with experience in debt dispute.
Verify that any arrangement is affordable and won’t cause you to fall behind on other obligations. If you are certain the debt is legitimate, can you afford the payments to settle or resolve the debt?
National Legal Center negotiates with companies like MCM daily. To find out how to deal with Midland Credit Management and any other creditors you might have, fill out this brief form.
If you’re tired of struggling with debt, you’ve got options. Call today and let National Legal help you #standuptodebt once and for all.
FAQ
Should I answer a call from Midland Credit?
You are under no obligation to provide Midland Credit Management with any information, including your social security number or bank account numbers, should they contact you. You are not required to answer calls from MCM or any other debt collection agency that are hostile or bothersome.
How do I get my Midland credit to stop calling me?
This entails requesting evidence from Midland Credit Management that you are, in fact, the owner of the debt they are attempting to collect. A written request for validation should be sent by certified mail, and a copy of the letter should be retained for your records. They have to stop contacting you if they are unable to show that the debt is yours.
Who does Midland Credit collect for?
Midland Credit Management primarily collects on consumer finance accounts. Credit cards, unsecured and secured loans, lease-to-own financing, and other consumer accounts might be among these accounts. These accounts might have originated from some of the biggest financial institutions in the country.
What happens if I don’t pay Midland Credit Management?
Your debt won’t go away on its own if you can’t pay it off. Actually, Midland Credit Management is the owner of all legal rights pertaining to the accounts they open. This implies that Midland Credit Management may, on occasion, bring legal action and request a judgment.
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Why is Midland Credit Management calling me?
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