Who is Midland Credit Management
Midland Credit Management is a debt collection agency that specializes in purchasing and collecting charged-off debt. MCM then tries to collect this debt through a variety of methods. Our Midland info & dispute guide will help you make informed decisions.
What to do
While debt collectors play an important role in the financial system, they are not your friends. It is important to be aware of your rights. Click here to find out what you can do.
They are calling the wrong person. You already paid your debt off. There are a million valid reasons to dispute a debt. Look no further to start filing disputes starting with the actual company that is calling you.
Who Is Midland Credit Management
Midland Credit Management (MCM) is a debt collection agency that specializes in purchasing and collecting charged-off debt. Charged-off debt is debt that has been written off by the original creditor as unlikely to be collected. MCM then tries to collect this debt through a variety of methods, including negotiation, litigation, and asset recovery.
MCM is one of the largest debt collection agencies in the United States, with over 4,000 employees and offices throughout the country. They are a member of the Better Business Bureau and the Consumer Data Industry Association. They are also accredited by the American Collectors Association.
MCM’s mission is to “help consumers achieve financial recovery.” They offer a variety of repayment plans and options to their customers, and they are committed to working with their customers to find solutions that meet their individual needs.
However, MCM has also been criticized for its aggressive collection tactics and for violating consumer rights. In 2013, MCM agreed to pay $3.5 million to settle a lawsuit alleging that they had violated the Fair Debt Collection Practices Act (FDCPA).
What To Do If Contacted By Midland
While debt collectors play an important role in the financial system, they are not your friends. They are not there to help you. Collectors collect money for their clients, and do whatever it takes to get the job done.
If you are contacted by a debt collector, it is important to be aware of your rights. You have the right to:
- Verify the debt: Debt collectors are required to provide you with certain information about the debt. This includes the original creditor, the amount of the debt, and the date it was due. If you are not sure if the debt is legitimate, you can ask the debt collector for proof of the debt.
- Dispute the debt: If you believe that the debt is not yours, or that you have already paid it, you can dispute it with the debt collector. You will need to provide documentation to support your claim.
- Make a payment arrangement: If you cannot afford to pay the debt in full, you can try to work out a payment arrangement with the debt collector. This may involve making smaller payments over a longer period of time.
- Be treated fairly: Debt collectors are prohibited from engaging in certain harassing or abusive practices, such as calling you at unreasonable hours, threatening you with violence or arrest, or lying to you about the debt.
Complaints can be filed with the Consumer Financial Protection Bureau (CFPB).
How To Dispute Your Debt
You must have a valid reason to dispute your debt for a chance at success. If you feel you have a valid reason and some proof to back up your dispute then proceed.
Midland Credit Management Contact Information
Attention: Chief Compliance Officer
P.O. Box 939069
San Diego, CA 92193