My situation is pretty much the same as everyone else's who has reported on this company- They sent me a letter claiming to have purchased account, offered 40% settlement, gave me arbitrary deadline to accept their "generous" offer or would be reporting me the big 3. I have never had a delinquent account with company they claimed I owed $4,000 on, don't have an acccount with the company, etc.
As I researched Midland Credit Management I came across this site and began reading one horror story after another about what they had attempted to do to others. I immediately filed a complaint with the FTC, and am in the process of contacting every applicable agency I can think of to report these people to. I plan on taking the pro-active approach since I have no intention of allowing these losers to ruin my good credit.
I believe there is strength in numbers, so what about it other people who have been persecuted, ripped off and generally abused by these people, class action lawsuit anyone? It is doable. Just yesterday when I filed my complaint with the FTC I saw an article on their website about a company just like Midland Credit Management that just got nailed with a very large fine. With any luck they will be out of buisness. Wouldn't it be nice to put these people on the ropes, out of business and maybe even prosecuted? I think so.
As I read people's postings, it's clear that people are just trying to be decent, do the right thing, etc. When dealing with immoral people you can't play nice. It's not a term they get. I know that I will definately be suing them if they attempt to do anything to mess with my credit, and a class action law suit would just be icing on the cake. I have no idea how it could be organized via this web site, but I certianly believe it is worth considering for every person who has been a victim of Midland Credit Management.
Santa Fe, New Mexico