To remove a negative mark on your credit from Midland Credit Management you should dispute the listing. You can dispute a listing by creating a dispute letter or hiring a credit repair firm.
If you only have one derogatory item on your credit report I suggest you do this yourself. However if Midland Credit Management is not the only negative mark on your credit then I recommend hiring a credit repair service.
When the bureaus receive your dispute letter and deem it valid they will investigate the disputed listing. They will contact Midland Credit and verify the account is yours, the dates on the account, and the amount of the debt.
If the mark can not be verified then it must be removed. There is a good chance that Midland Credit will not spend the resources verifying an old non collectible debt.
However some accounts will be verified and this is when a credit repair company can be handy. They can use advanced dispute techniques such as; escalated dispute information requests, creditor direct intervention and debt validation.
In addition a service can take your case to court if it is required. However it is common for investigations to result in the removal of negative marks, regardless of its accuracy.
Who is Midland Credit Management?
They are a collection agency. They buy accounts from other collection agencies and directly from lenders.
They are a subsidiary of Encore Capital Group. Their offices are in Phoenix, San Francisco, and Minnesota.
There are rumors that Midland Credit actively pursues judgments. This means they will sue you in civil court to repay the debt.
If this happens it will ruin your credit score, in addition your wages can be garnished. Thus you should act immediately if you get a mark from Midland Credit.
Be aware that just paying them will not remove the mark from your credit. It will change the status of the mark but will do very little to help your credit score, it is still a negative mark.
In sum, if you have a mark from Midland Credit you should act today. Do not ignore this mark as it can become worse. - 16036
If you only have one derogatory item on your credit report I suggest you do this yourself. However if Midland Credit Management is not the only negative mark on your credit then I recommend hiring a credit repair service.
When the bureaus receive your dispute letter and deem it valid they will investigate the disputed listing. They will contact Midland Credit and verify the account is yours, the dates on the account, and the amount of the debt.
If the mark can not be verified then it must be removed. There is a good chance that Midland Credit will not spend the resources verifying an old non collectible debt.
However some accounts will be verified and this is when a credit repair company can be handy. They can use advanced dispute techniques such as; escalated dispute information requests, creditor direct intervention and debt validation.
In addition a service can take your case to court if it is required. However it is common for investigations to result in the removal of negative marks, regardless of its accuracy.
Who is Midland Credit Management?
They are a collection agency. They buy accounts from other collection agencies and directly from lenders.
They are a subsidiary of Encore Capital Group. Their offices are in Phoenix, San Francisco, and Minnesota.
There are rumors that Midland Credit actively pursues judgments. This means they will sue you in civil court to repay the debt.
If this happens it will ruin your credit score, in addition your wages can be garnished. Thus you should act immediately if you get a mark from Midland Credit.
Be aware that just paying them will not remove the mark from your credit. It will change the status of the mark but will do very little to help your credit score, it is still a negative mark.
In sum, if you have a mark from Midland Credit you should act today. Do not ignore this mark as it can become worse. - 16036
