Midland Credit Management, a subsidiary of Encore Capital Group, is headquartered in San Diego, CA. It is the servicing arm for debts purchased by its affiliate, Midland Funding LLC.
Address: 8875 Aero Drive, Suite 200, San Diego CA 92123
Midland Funding LLC is one of the nation’s largest purchasers of debts. The majority of accounts Midland Funding LLC purchases are unsecured consumer debts, especially credit cards. Midland Credit Management is then assigned these accounts for purposes of collection and setting up repayment plans or settlements directly with the consumer.
Midland Credit Management will work out arrangements directly with consumers. They offer various repayment options ranging from settlements, term settlements, as well as structured payment plans. Midland Credit Management often contracts with third party collection agencies to collect on behalf of debts purchased by their affiliate, Midland Funding LLC.
Many consumer watchdog websites and forums contain any number of complaints from consumers. The complaints range from collecting on an invalid debt, mistreatment from collection representatives, and credit report inaccuracies. If you discover any inaccuracies on your credit report by Midland Funding LLC or Midland Credit Management you should immediately dispute the trade-line with the credit bureaus. Inaccuracies disputed with the credit bureaus that are not properly updated may result in a potential Fair Credit Reporting Act violation. It is recommended you contact a consumer law attorney should this matter arise.
Midland Credit Management seems to do a better job than other debt buyers in obtaining verification of a debt. However, if there is ever a question as to the validity of a debt they are collecting, you must request the debt validation in writing from their company. Midland will use law firms licensed to practice law in the same state of the debtor to file lawsuits in order to collect on past due debts. Any legal action brought forth by Midland Funding should immediately be counteracted by retaining legal counsel. An experienced consumer law attorney can ensure the chain of title to the account, validate the balance, make certain Midland adhered to the contract terms of the original debt, and that there are no inaccurate or unauthorized charges.
Midland Credit Management has also been on the receiving end of lawsuits. To name a few, the Minnesota and West Virginia Attorney Generals have filed actions against them and/or their affiliates. In addition, class action suits have been filed in Ohio and Maryland.