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 have minor damage to your credit report then I suggest you repair your credit yourself. However if you have multiple negative marks on your credit report I suggest a 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 are verified and this is when having a credit repair service can help. Many services are able to use advanced dispute techniques that include; escalated dispute information requests and creditor direct intervention.
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?
Midland Credit Management is a collection agency. They purchase accounts from lenders and other collection agencies.
They have offices in San Francisco, Phoenix and Minnesota. They are a subsidiary of Encore Capital Group which is traded on NASDAQ.
Midland Credit has a reputation for pursuing judgments. This means they will file a civil case to find you legally responsible to pay back a 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 cautious because if you decide to pay them it will not remove the mark from your credit. It will change the status but the mark will still be seen as a negative by potential lenders.
In sum, if you have a mark from Midland Credit you should act today. Do not ignore this mark as it can become worse.
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