• Report: #323209

Complaint Review: Midland Credit Management; Aspire Visa;

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  • Submitted: Wed, April 02, 2008
  • Updated: Mon, May 12, 2008

  • Reported By:richmond Virginia
Midland Credit Management; Aspire Visa;
MCM PO BOX 12421 Oaks,, Pennsylvania U.S.A.

Midland Credit Management; Aspire Visa; Midland Credit Management and Columbus Bank and Trust Aspire Visa conspire Oaks, Pennsylvania

*Consumer Comment: Should do more research

*Consumer Comment: Should do more research

*Consumer Comment: Should do more research

*Consumer Comment: Should do more research

*Consumer Comment: Same situation with me!

*Consumer Comment: re

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It is now April 2008. I don't know how I got signed up for an Aspire Visa card in 1999, but I did not sign up for one. All of a sudden in 2001 I am getting collection letters from a Jefferson Capitol Collection agency, demanding $192.00. It is now April of 2008 and I just had Midland Credit Management agree to a cease and disist order. It works something like this; Aspire Visa charges you, automatically, for an insurance police with American Bankers and Trust @ $7.95/month. So let's say that you really did sign up for one of these cards and you don't use it. Well, netx month there is a $30.00 late fee plus another $7.95, so you now owe them $35.90 and you have'nt even used the card. Another month and you now owe them $73.80, and so on until the bank sends it to collections. These guys should be in jail for doing this. And we're worried about Al Qaeda? And I think that the guys that owned Jefferson folded and turned it into Midland and that the guys at Midland are on the Bank board at Columbus Bank & T?rust.

Shannon
richmond, Virginia
U.S.A.

This report was posted on Ripoff Report on 04/02/2008 05:16 PM and is a permanent record located here: http://www.ripoffreport.com/r/Midland-Credit-Management-Aspire-Visa/Oaks-Pennsylvania-19456/Midland-Credit-Management-Aspire-Visa-Midland-Credit-Management-and-Columbus-Bank-and-Tr-323209. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 6Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Should do more research

AUTHOR: Credit Knowledge - (U.S.A.)

You should do your research and check your credit report more often. Jefferson Capital has not folded and Midland Credit has nothing to do with them. They only purchase accounts from many agencies and Jefferson Capital must be one of them.
If you would have checked your credit report, you would have seen this early and been able to have it cleared up with the orginal creditor.
Bill collectors keep the cost of credit manageable. If there were no collection agencies, how would credit lending businesses survive? They keep these lenders above water by selling debt that should be paid (for the most part). I agree that there are situations when an account may slip through that should have been closed, paid, etc. Agencies are collecting on legit debt with in the law. If they weren't, they wouldn't be in business long.
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#2 Consumer Comment

Should do more research

AUTHOR: Credit Knowledge - (U.S.A.)

You should do your research and check your credit report more often. Jefferson Capital has not folded and Midland Credit has nothing to do with them. They only purchase accounts from many agencies and Jefferson Capital must be one of them.
If you would have checked your credit report, you would have seen this early and been able to have it cleared up with the orginal creditor.
Bill collectors keep the cost of credit manageable. If there were no collection agencies, how would credit lending businesses survive? They keep these lenders above water by selling debt that should be paid (for the most part). I agree that there are situations when an account may slip through that should have been closed, paid, etc. Agencies are collecting on legit debt with in the law. If they weren't, they wouldn't be in business long.
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#3 Consumer Comment

Should do more research

AUTHOR: Credit Knowledge - (U.S.A.)

You should do your research and check your credit report more often. Jefferson Capital has not folded and Midland Credit has nothing to do with them. They only purchase accounts from many agencies and Jefferson Capital must be one of them.
If you would have checked your credit report, you would have seen this early and been able to have it cleared up with the orginal creditor.
Bill collectors keep the cost of credit manageable. If there were no collection agencies, how would credit lending businesses survive? They keep these lenders above water by selling debt that should be paid (for the most part). I agree that there are situations when an account may slip through that should have been closed, paid, etc. Agencies are collecting on legit debt with in the law. If they weren't, they wouldn't be in business long.
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#4 Consumer Comment

Should do more research

AUTHOR: Credit Knowledge - (U.S.A.)

You should do your research and check your credit report more often. Jefferson Capital has not folded and Midland Credit has nothing to do with them. They only purchase accounts from many agencies and Jefferson Capital must be one of them.
If you would have checked your credit report, you would have seen this early and been able to have it cleared up with the orginal creditor.
Bill collectors keep the cost of credit manageable. If there were no collection agencies, how would credit lending businesses survive? They keep these lenders above water by selling debt that should be paid (for the most part). I agree that there are situations when an account may slip through that should have been closed, paid, etc. Agencies are collecting on legit debt with in the law. If they weren't, they wouldn't be in business long.
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#5 Consumer Comment

Same situation with me!

AUTHOR: Ting - (U.S.A.)

Hi Shannon, the same thing happens to me!!! I got a statment saying I owned Aspire card $470, and I dont even have or open that card!!!

I called midland and request for account history, but they said they don't have these information.

How should I pay for something that I did not owe at all!!! I was quite pissed off!

Could you let me know how do you managed to ask them for a stop?
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#6 Consumer Comment

re

AUTHOR: John - (U.S.A.)

Americans have been consistently voting in corporate-friendly Right Wing politicians for years to allegedly protect "values." The values being really protected are the ones of the big corporations...It is this environment that allows firms like Aspire to flourish....The American voting public made their bed and now they have to lie in it...
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