Question: Dear Steve, I am being sued by midland funding. I hoped to settle with them, but was unsuccessful and have been given a hearing date. My hearing is being via teleconference because of the current global situation. My Court hearing is in about 30 days. How do I handle this? How do I know …
A month or so ago, the Consumer Financial Protection Bureau (CFPB) filed suit against Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital. Details on that suit are here. It appears the parties have come to a settlement on the matter. Under the proposed agreement, the companies will extend provisions they agreed …
The Consumer Financial Protection Bureau (CFPB) has Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc.; and Asset Acceptance Capital Corp. The CFPB says, “Encore and its subsidiaries are currently subject to a 2015 consent order with the Bureau based on the Bureau’s previous findings that they violated the Consumer …
A multi-state action against Encore Capital Group has ended in a settlement with many states to reduce or eliminate debt owed by residents. If you live in one of the states mentioned in the information below, you should contact your Attorney General office to determine your inclusion in this settlement. The North Carolina announcement of …
Recently I had the opportunity to learn about a new initiative by a large debt buyer and collector, Encore Capital Group. Encore is actually working hard to help consumers. And I’m sure when you read that you will be cynical. I was at first. But the changes Encore is making will assist consumers with old …
“Dear Michael, Midland Funding is trying to collect from me. I don’t know who these people are and never did business with them…but they say I owe them ,and placed a collection on all credit reporting agencies can I have them removed from my reports? they even sent me a letter saying the can collect …
Consumer Statement: I had a debt that I had owed for a while to Midland Funding here is the copy of the entry on my credit report Original Creditor: 01 WORLD FINANCIAL CAPITAL BANK WORLD FINANCIAL CAPITAL BANK Account #: High Balance: 2634 Date Opened: 11/21/2013 Date Reported: 05/19/2016 Balance: 2634 Condition: 05/19/2016 Responsibility: Individual …
Last week the CFPB and the FTC held a workshop to address what happens to unpaid debts at different stages of the debt collection cycle. The workshop brought together state and federal regulators, economists, major banks, debt collection agencies, debt buyers, consumer advocate attorneys, technology companies, members of the judiciary, credit reporting agencies, and more. …
“Dear Steve, I had a credit card with Sears back in 1996 and due to job layoff’s I fell behind in payments and the account was sold to a collection agency. Well over time I used other credit cards and I was out of control that I used a credit counseling agency to help me …
“Dear Steve, 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 …