Attorney General Slatery Announces $6 Million Settlement With Encore Capital Group To Reform Debt Buying And Collection PracticesThe Chattanoogan12 hours ago
- Kenosha News6 days ago
- Tribune Chronicle6 days ago
Midland Funding LLC works with its affiliate, Midland Credit Management (MCM), to service accounts. MCM is dedicated to helping consumers find their way back to financial stability and relieve the emotional stress that can accompany unpaid debt.
Midland Funding appears on your credit report because it is the owner of your charged-off account, but the seven year reporting period continues to be calculated from the date your account went delinquent with the original creditor.
Midland Funding LLC is suing me for an unpaid credit card debt that is now $1125.40 from Credit One Bank, it’s written as Midland Funding llc assignee of Credit One Bank, NA. In the instructions for Defendant it states that I can contact the plaintiff and make an out of court settlement.
Midland Funding, LLC is owned by Encore Capital Group. Encore Capital Group (NASDAQ: ECPG) A predatory financial institution that operates through a number of owned companies, including Midland Funding, LLC, Midland Credit Management, Inc. and others.
What is Midland Funding LLC? Midland Funding is a company that buys bad debt (credit accounts that are in default are referred to as “bad debt”) to try to make a profit. They then forward these accounts on to their “servicer” Midland Credit Management.
Midland Funding, LLC is actually a subsidiary of Encore Capital Group located at 3111 Camino Del Rio North, Suite 1300, San Diego, CA 92108. Based in San Diego, California, Encore Capital Group has additional offices located in in Arizona, Minnesota, Texas, India, and Costa Rica.
Encore Capital Group is a Certified Professional Receivables Company (C1312-1009 (1)) and includes a family of companies: Atlantic Credit and Finance, Midland Funding, and Midland Credit Management. Please understand that Midland Credit Management is a debt collector.
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