Midland Credit Management (MCM) is a debt collection agency. They're probably on your credit report as a 'collections' account. This usually happens when you forget to pay a bill. If a collection is on your credit report, it's damaging your credit score (unless removed).
You may not have to pay your debts.
Paying your debts may not help your credit, either. In fact, paying may lower your credit score.
(Debt collectors hate us for sharing this information.)
We might be able to fix your credit and you might not have to pay a single dime. Call us now to learn more: (855) 938-3044
Is Midland Credit Management A Real Company, Or A Scam?
Midland Credit Management is a real, legit company. Originally founded in September 1953 in Kansas, and currently headquartered in San Diego, they are the largest debt buyer (collection agency) in the US. With over 8000 employees, MCM generated over $1 billion in revenue in 2017.
P.O. Box 939069
San Diego, CA 92193
Midland Credit Management is the largest buyer of debt from major banks, credit unions, and telecommunications companies. They may show on your credit report as "midland credit", "midland management", "midland fund", "midland credit mgmt inc", or "mcm midland credit management".
Should I Negotiate A Settlement Or Pay Midland Credit Management?
Unfortunately, settling (in full or not) may not help your credit. Once a collection account is added to your credit report, your score will be damaged for seven years regardless of payment. Fortunately, you have options. Credit Glory has successfully disputed collections from Midland Credit Management and companies like them for thousands of clients nation-wide.
We can help you too.
Will Midland Credit Management Bring A Lawsuit Against Me, Sue Me, Or Garnish My Wages?
No, not always. But if they do it’s not a good thing and can be a very scary experience. If you work with a professional like Credit Glory to challenge their debt, ensuring accuracy, timeliness, and validity of their reporting, you may never have to deal with them ever again. Call to learn how we can help you avoid lawsuits and being sued altogether, while fixing your credit.
Midland Credit Management Complaints
They currently sit with a little over 1.4 million complaints filed with the Consumer Financial Protection Bureau (or CFPB) and over 1,100 with the Better Business Bureau. Many complaints are about inaccurate reporting and/or lack of response to debt verification requests.
Out of these complaints, one consumer wrote to the CFPB and complained, "I received a call today XX/XX/2020 at XXXX XXXX PST from Midland Credit Management ( XXXX ) XXXX on my personal cell phone asking for my wife. I said this is her husband and the debt collector started divulging information from a debt that she previously owed to a different entity without proper verification of who I was or obtaining consent from the owner of the debt to discuss this information with me." This consumer is correct that they do not have the right to divulge certain information, although they do not mention what information was divulged. They continue, "When I asked to speak to a supervisor to explain that they were in violation of FDCPA he assured me that they were not. I explained to him that I am fully aware of the law as I have worked for consumer collections for over 20 years and he proceeded to dismiss it to be true and continued to ask me to resolve the debt. Since the company is in violation of the FDCPA I would like a full investigation and proceed with the fullest of penalties that are applicable to this agency and the original owner of the debt since they are responsible for vetting the collection agency that represents them." While they may be in violation, depending on what was asked, complaining to the CFPB will not get the account removed from his wife's credit. And as far as an FDCPA violation, they should have spoke to an attorney, quick!
This means working with a professional like Credit Glory to challenge your negative accounts has a good chance to get them deleted, improving your score and allowing you to qualify for the home, car, and credit cards you need.
Can You Remove Midland Credit Management Collection Accounts?
We specialize in disputing Midland Credit Management accounts and have removed them and companies like them for thousands of clients nation-wide. We can help you too.
Remove Midland Credit Management From Your Report, Today!
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (855) 938-3044 or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.