Midland Credit Management IncMidland Credit Management MCM Credit Dispute - Ridiculous Time Turn Around Ripoff San Diego California

I believe I have made a mistake and now I don't know what to do besides wait on to see what is going to happen. A couple days ago I sent out a money order to midland with the paid in full amount of a debt that I know I owe and believe it to be several years old. My only worries are that is this credit agency a scam? Will they close my account when the money is received and report it to all three credit credit bureaus?

I just fear those things and that they could sell my debt to another agency to collect it even after I have paid it. I don't know anything about all of this stuff. This is my first time and only debt I have ever had that was turned over to a collecting agency. I have heard that they are very shady and seeing so many bad reports has scared me up. Now why I didn't think to do a little bit of research before I decided to mail my payment I'm unsure.

I had the same problem with these guys and learned a few things about dealing with collection companies.

First.... NEVER SEND THEM MONEY OR AFFIRM THE DEBT. That is what they want you to do. If you do that..they got you. Always ask them to send proof ONLY. Don't say "I think I might owe it" or anything else.

Second....There is a thing called STATUES OF LIMITATIONS. Each state has a set number of years a collection campany or ceditor can collect on a assumed debt. If you are outside the SOL they can't collect or attack your credit report. But rule # 1 may still apply...DON'T SEND THEM MONEY OR AFFIRM THE DEBT if you are outside the SOL, if you do the SOL is no good!Check with your state legal system to find out what that number is.

Third...Collection companies have been known to try to collect on debts paid years ago. If you read some of the ripoff reports you will see that this so true. Check to make sure that you DO owe it before you do anything! Look for those stamped loan papers. You might have paid it off!!I HAD ONE OF THESE TOO!

Sky,

Making any payment or payment arrangement will affirm a debt. You have done this now, and the damage is done.

They WILL now sue you. Guaranteed.

Get a lawyer right away if you want to fight this.

Expect the summons.

The basic rules in dealing with third party debt collectors are:
1. Stay off the phone!!
2. Deny everything
3. Communicate ONLY in writing and by certified mail, return reciept requested.
4. Never make any payment or agreement to pay.
5. Always force them to either sue you or cease collections actions. Very few will actually sue.

Good luck.

Unfortunately, by sending a check you are recognizng the debt, where you could have disputed it in writting at first. Now, if you cooperate with mcm and verify or deny the last 4# on your social, which is the ONLY way to say it is your or not, maybe it wasnt yours. take it from there. But if it is yours.... why dont just pay it? most of them time they work settlements with individuals, call to negotiate, not complain. regardless of what some people say, mcm is a legitimate company part of the BBB and doing bussines for many years. mistakes happen, ID theft happens, it is not the creditors fault. 30 days turn-around is not bad at all, MCM has to deal with the original lender validating the debt, and responding back.Im not an attorney, I am a consumer who has had to do a lot of leg-work to keep my credit correctly reported.Good luck.

I received a notice from MCM in March mid March, and instantly wrote them stating that I disputed them, using certified mail. I sent checks along with that note, saying it was a show of good faith. They cashed that check, but did not respond to me. I sent another small check later, again demanding they explain the debt. They cashed that check too, but did not respond.
>> The way the law is going to probably look at it, you performed two contradictory actions. You disputed the claim but paid on it ....


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