Sunday, April 24, 2011

midland credit management debt validation

midland credit management debt validation : I dealt with Midland a few years ago. They tried collecting on a debt that written off 20 years ago. They even got the credit card company to report a "recent" transaction of $100, just so it can stay on the credit report. I called the credit card company and asked what was going on, and they just shrugged it off as a compute error.

If your debt is beyond the statute of limitations for them to collect through the courts, you're in a better position. Understand that a collection agency can try to collect the debt beyond the statute of limitations by "asking" you to pay, they just can't legally take you to court to collect.

Send the validation letter to them, and a dispute letter to all three CRA's. If a new transaction date was added to the old account to make it look current, contact the original credit card company and ask them why the transaction was reported if the account was closed, and to correct it immediately. They will tell you it may take up to 30 days, live with it.

One thing has me worried, that they have new account numbers for old debt. You may have re-affirmed the debt by talking to them and agreeing that you owe the money, or promise to pay. That may be a problem. NEVER admit anything if the collection agency calls you. Just tell them that you don't want to be called at home, and everything has to be done via mail. At that point they are not allowed to call you (legally) any more. Read More....

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