Quick Answer: A class action settlement has been reached with Midland Credit Management over alleged debt collection practices. If you received collection attempts from Midland Credit Management, you may be eligible to file a claim. Here’s what the settlement covers and how to check your eligibility.
Midland Credit Management — one of the largest debt buyers in the United States — has reached a class action settlement. The company, a subsidiary of Encore Capital Group, purchases defaulted consumer debt portfolios and attempts to collect on them. This settlement addresses alleged improper collection practices.
What You Need to Know
- Midland Credit Management is a major debt buyer — it purchases charged-off consumer debts from original creditors at pennies on the dollar, then attempts to collect the full balance
- The class action alleges improper collection practices in how Midland pursued consumers for these purchased debts
- If you received collection attempts from Midland, check the settlement website for eligibility and claim filing deadlines
Know this: Debt buyers like Midland purchase debt portfolios for a fraction of the face value. When they contact you, they own the debt — but you still have the right to demand written verification of the debt, including proof that they purchased your specific account and the amount is accurate.
What You Should Do
- Check if you’re in the class — look for any correspondence from Midland Credit Management in your records
- Watch for official settlement notices — if you’re a class member, you should receive notice by mail or email
- File your claim before the deadline — deadlines in class actions are strict and non-negotiable
- Don’t ignore collection accounts from Midland on your credit report — dispute anything inaccurate with all three bureaus
If Midland Credit Management is currently trying to collect a debt from you and you’re not sure what to do, understand that all your options are on the table. You can dispute, negotiate, or take a different path entirely.
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FAQ
What is the Midland Credit Management class action about?
The class action addresses alleged improper debt collection practices by Midland Credit Management, one of the largest debt buyers in the United States and a subsidiary of Encore Capital Group. A settlement has been reached for affected consumers.
How do I know if I’m part of the Midland Credit Management settlement?
If you received collection attempts from Midland Credit Management during the class period, you may be eligible. Check for any correspondence from Midland in your records and watch for official settlement notices by mail or email.
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What is a debt buyer?
A debt buyer is a company that purchases charged-off consumer debts from original creditors at a fraction of the face value — often pennies on the dollar — then attempts to collect the full balance from consumers. Midland Credit Management, owned by Encore Capital Group, is one of the largest debt buyers in the U.S.
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