I found attached file hanged on my front door. The debt is a credit card I had with Providian, who was absorbed into WaMu, who was absorbed into Chase. May be Chase sold the debt to Midland funding. Please advise me.”
The first step is not to panic.
i read through the suit and of all that I’ve read, this one was very interesting.
Apparently you are being sued by Midland Funding over an old Chase Bank account debt that you owe.
The suit makes the following statement:
“Despite Midland’s efforts to reach consumers and resolve the consumer’s obligations, only a percentage of consumers choose to engage with Midland. Those who do are often offered discounts or payment plans that are intended to suit their needs. Midland would prefer to work with consumers to establish voluntary payment arrangements resulting in the resolution of any underlying obligations. However, the majority of Midland’s consumers ignore calls or letters, and some simply refuse to repay their obligations despite an apparent ability to do so. When this happens, Midland must decide then whether to pursue collection through legal channels, including litigation like the present action against Defendant. Although the account is now in litigation. Plaintiff remains willing to explore a mutually-beneficial solution through voluntary payment arrangements, if possible.” – Source
They have clearly stated they are willing to work out some repayment solution with you over this old Chase Bank account debt.
If you have not called them about the debt and talked to them about payment arrangements then you should. Give them a call, don’t make any promises, but ask what payment options they are proposing. Please the results of the call and follow-up messages to me on this in the comments section below.