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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
“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 … Read more
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 … Read more
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. … Read 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 … Read more
“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 … Read more
Midland Funding Pays Big Fine Over Robosigning Debt Collection Suits One of the country’s largest debt buyers has agreed to overhaul its collection practices and pay the state of Minnesota $500,000 in a settlement that reflects heightened scrutiny of the growing industry. Midland Funding LLC, owned by debt-buying giant Encore Capital Group Inc. in San … Read more
I just had an opportunity to look at the website for Midland Credit Management and I must say, for a collections agency they certainly appear more like a credit counseling group. Don’t get me wrong, it appear they provide full and apparent disclosure they are a debt collector, “Please understand that this is a communication … Read more
Date This Problem Happened: January 1, 2011 State You Live in: Kansas Race/Ethnicity: American Indian Age Range: 51-65 Total Amount of Fee Paid: Company Name: Midland Funding Company Address: Company Telephone Number: Website of Company: Consumer Statement: I was told I had joined a class action lawsuit against Midland Funding LLC. As I check some … Read more
“Dear Steve, Court order ignored My bank funds were frozen by midland funding and the small claims court in ct overturned the decision because the funds were exempt.The court ordered funds to be returned to my acct.but midland funding has ignored the court order now i am out of $1,300 + bank fees etc. what … Read more
he Federal Trade Commission filed an amicus brief in federal court opposing a class action settlement that would require consumers to surrender protections provided by the Fair Debt Collection Practices Act (FDCPA) and state laws in exchange for minimal payments. The proposed settlement in Vassalle v. Midland Funding would resolve several private class action lawsuits … Read more