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Are you receiving phone calls or letters in the mail from Midland Credit Management? If so, you are not alone.
No one likes to be contacted by a debt collector. However, if you are, it is not the end of the world. Leveraging our expertise and proven strategies, we put together the resources you need to deal with any debt collector.
Keep reading to find out how to remove Midland Credit Management from your credit report, deal with this debt collector, and put an end to the annoying phone calls. Let’s get started.
What is Midland Credit Management?
Midland Credit Management is a third-party debt collector headquartered in San Diego, California. They are a subsidiary of Encore Capital Group, which is a publicly-traded company listed on the NASDAQ Stock Exchange.
Don’t believe me? The stock ticker is ECPG. So, if you are receiving calls from this debt collector, it is best to not push them off for a later date. Here is why.
Why is Midland Credit Management on My Credit Report?
After reviewing your credit report, you may have noticed Midland Credit Management or Midland Funding LLC appearing on it. This is because they now own your debt or they are working with a private company or entity, and they moved your account into collections.
Collections can remain on your credit report for up to 7-years, damaging your credit score along the way. Fortunately, with a little bit of hard work, you can remove collections from your credit report.
It is important to note, that Midland Credit Management may also appear as:
- Midland Credit Management, Inc
- Midland Funding LLC
- Midland Fund
- Midland Management
- Midland Credit Mgmt Inc
Let’s find out how to remove Midland Credit Management from your credit report.
How to Remove Midland Credit Management from Your Credit Report (Proven Ways)
When trying to remove Midland Credit Management, there are four things you can do: (1) Hire a Credit Repair Company, (2) Request Debt Validation, (3) Negotiate a Settlement, and (4) Ask for Goodwill Deletion.
Ready to dive in?
#1. Hire a Professional
When dealing with Midland Credit Management, the best thing you can do is hire a credit repair professional. Why? They bring years of experience to the table and have first-hand experience dealing with debt collections.
The best credit repair companies know how to remove Midland Credit Management from your credit report. They will leverage their knowledge of the Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) to thwarts Midland’s harassing efforts and to protect your rights as a consumer.
We recommend Credit Saint. This firm is a clear industry leader, affordable, and genuinely cares about each customer. They will take the matter into their own hands and will get right to work.
>> More: Credit Saint Reviews
#2. Try Validating Your Debt
According to the FDCPA, you have 30-days after initial contact to request debt validation. To do this, write Midland Credit Management a debt validation letter and send it via certified mail.
This will ensure the letter gets to them and they read it. In your letter, ask for specifics pertaining to the debt they are saying you owe. Ask for a date, time, reason, and other information that will help you better understand their request.
After you send your letter, Midland Credit Management has 30-days to respond. If they cannot produce supporting documentation that verifies the debt, then they must contact all three credit bureaus and remove the collection account.
#3. Negotiate a Pay for Delete
If you are outside the 30-day window, you still have options. The next best thing to do is to negotiate a settlement with Midland Credit Management.
To do this, send them a letter stating you are willing to pay off the debt, but in exchange, you want them to remove the collection account from your credit report.
Pro Tip: Midland Credit Management most likely bought your debt for pennies on the dollar. This means you should not say you will pay off the total amount, but instead, state you will payoff 50% of the total debt.
This is a good starting point to kick off the negotiations. If they agree, get them to sign a contract. This will protect you in case you have to escalate the case to the credit bureaus. It also holds them accountable.
>> Related: How to Remove Negative Items from Your Credit Report
#4. Ask for Goodwill Deletion
The last strategy you can employ is to ask for a goodwill deletion, but fair warning, this rarely works unless you have a strong relationship with Midland Credit Management.
To ask for a goodwill deletion, you need to write Midland a short goodwill letter that highlights why you can’t make the payment or were late to make the payment, and that you would like them to remove the collection account.
You see why this rarely works? You are asking Midland Credit Management to do you a favor! Debt collectors almost never do this; however, some consumers have success if they include a deep personal hardship that they recently encountered.
This could either be a recent job layoff or an unexpected family emergency.
Sometimes they are forgiving, but it better be true. They reserve the right to ask for supporting documentation to back up your personal narrative.
>> More: How to Remove Late Payments From Your Credit Report
Midland Credit Management Contact Information
- Mailing Address: P.O Box 939069 San Diego, California, 92193
- Phone Number: (800) 296 – 2657
- Website: https://www.midlandcredit.com/
Frequently Asked Questions
What Is the Difference Between Midland Funding LLC and Midland Credit Management?
Most people either see Midland Funding LLC or Midland Credit Management on their credit report. While they both fall under the Encore Capital Group umbrella, they serve different purposes.
Midland Funding LLC is the debt buying arm in this relationship. They are the ones that buy your debt from third parties. After they purchase your debt, they will turn the account over to Midland Credit Management who will then kickstart the debt collecting efforts.
Regardless, you need to remove this from your credit report ASAP, if you want to save your credit score. Again, we recommend you hire a credit repair service.
Is Midland Credit Management a Legit Company?
Yes, Midland Credit Management is a legit company! They have helped over 7+ million Americans pay off their debt. They were founded in 1953 and now operate in all 50 states.
Believe it or not, Midland Credit Management is one of the nicest debt collectors. This means they may be willing to negotiate a settlement and assist you in removing the collection account. Additionally, they are accredited by the Receivables Management Association International and the Better Business Bureau.
So, the last thing you want to do is push off Midland Credit Management to the side. Next time they call your phone, pick up. See what they are requesting then follow the strategies we outlined above.
Can Midland Credit Management Sue Me?
Unfortunately, Midland Credit Management can sue you if the debt belongs to you. However, this is unlikely. Bringing forth civil litigation is an expensive endeavor. Unless you owe thousands of dollars, this is an unlikely outcome.
Nevertheless, if you are facing civil litigation, then speak to a lawyer immediately. They will be able to assist you.
Bottom Line: Midland Credit Management
There you have it. These are four quick and easy strategies you can employ to remove Midland Credit Management from your credit report. Again, the best solution is to just hire a credit repair company.