topic Re: Has anyone ever known Midland accepting a PFD? in Rebuilding Your Credit

Has anyone ever known Midland accepting a PFD?

molly73 — Wed, 18 Mar 2009 06:29:54 GMT

i have a midland account that should be falling off in a couple of years.....it's past SOL & the only thing I hear from Midland is that they will accept a smaller amount than what they say i owe.

i have been disputing this account & don't think it's mine.....and even though the account has a DOLA from either 03 or 04......it's really hurting my chances of getting any new credit.

has anyone heard of midland accepting a PFD? i would pay them for half of what they are asking for just to get this off of my credit. i would think they would take it, otherwise they would not get paid at all since it's beyond SOL..

since the account is so old i don't think it would help my score that much, but i think CC would like to not see it on there....any thoughts?

thanks!

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Wed, 18 Mar 2009 07:37:16 GMT

I've never known of them to accept.

You say you don't think this is your account. Have you DV'd? Have you contacted the OC? Have you filed complaints?

molly73 wrote:
since the account is so old i don't think it would help my score that much, but i think CC would like to not see it on there....any thoughts?

If it is your only collection or is updating/reporting every month or recently has, then it might help your score more than you think to remove it.

Re: Has anyone ever known Midland accepting a PFD?

cobra19 — Wed, 18 Mar 2009 12:17:58 GMT

From my experiences with them, Midland will not do a PFD. However, if you setle the account, and then dispute it as "incomplete or inaccurate information", they will delete. My sister had this happen twiice with Midland. One debt was in the neighborhood of $500 and the other about $250.

Good luck.

Re: Has anyone ever known Midland accepting a PFD?

dfgdfgdfgadfg — Wed, 18 Mar 2009 15:19:48 GMT

Just make sure you get it in writing from Midland. I have found them to be pretty scummy. I was attempting to negotiate a settlement with them a couple years ago, before I was educated about such things, and they just lied, and lied.

Re: Has anyone ever known Midland accepting a PFD?

molly73 — Thu, 19 Mar 2009 00:01:25 GMT

thanks everyone for the info!

if i do settle it, it will show as being paid right?

will that look that much better on my report then having it still opened & them trying to collect? will CC be ok with it being settled then being paid in full?

if i do settle, will that reset my 7 years?

if i pay it off in 3 payments..will that reset my 7 years?

what are the chances they would not verify after it being settles....that sounds almost too good to be true!

I am just worried that if i pay for this account, then it will not help my credit at all.

Message Edited by molly73 on 03-18-2009 07:01 PM

Re: Has anyone ever known Midland accepting a PFD?

CeRTifiEDNuT — Thu, 19 Mar 2009 13:20:17 GMT

Hm, I just asked if I should PFD in another thread. Now I'm unsure because it's Midland. I have DV'd with no response and I sent a copy of my DV letter etc to the credit bureaus that are reporting. Equifax "verified" it was mine. I don't know how because they sent no proof, just a letter stating it was found to be mine. Anyhow, the amount owed is minimal and could be paid in full but if they won't delete will my score change if it is paid? I'm scared to PFD now that I see what's been written about them.

Re: Has anyone ever known Midland accepting a PFD?

dfgdfgdfgadfg — Thu, 19 Mar 2009 13:24:06 GMT

Collections seem to hurt your score whether they are paid or unpaid. I would keep trying for the PFD. However if that does not work, I would suggest paying it if it is a small amount. At least in a manual review it would look better, and well you did incur the debt, so always best to pay it off anyways.

Also if it is already paid....you could always try to GW or DV them later. Sometimes if you DV something that is already paid, the company will not want to bother with the work of verifying it since they have no incentive anymore, and will drop it from your reports.

But keep trying the PFD first. If that fails for a long time..then pay, wait, GW and DV.

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 13:24:17 GMT

molly73 wrote:
thanks everyone for the info!

if i do settle it, it will show as being paid right? It will show that it was settled for less than full or something like that.

will that look that much better on my report then having it still opened & them trying to collect?

During a manual review, creditors would rather see paid vs unpaid accounts.

will CC be ok with it being settled then being paid in full? Depends on the CCC.

if i do settle, will that reset my 7 years? no
if i pay it off in 3 payments..will that reset my 7 years? no

what are the chances they would not verify after it being settles....that sounds almost too good to be true!

I bet they would verify.
I am just worried that if i pay for this account, then it will not help my credit at all.
Paid and unpaid collections affect the score the same.
Message Edited by molly73 on 03-18-2009 07:01 PM

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 13:25:02 GMT

CeRTifiEDNuT wrote:
Hm, I just asked if I should PFD in another thread. Now I'm unsure because it's Midland. I have DV'd with no response and I sent a copy of my DV letter etc to the credit bureaus that are reporting. Equifax "verified" it was mine. I don't know how because they sent no proof, just a letter stating it was found to be mine. Anyhow, the amount owed is minimal and could be paid in full but if they won't delete will my score change if it is paid? I'm scared to PFD now that I see what's been written about them.

Have you filed complaints with the BBB or your AG?

Re: Has anyone ever known Midland accepting a PFD?

CeRTifiEDNuT — Thu, 19 Mar 2009 13:47:25 GMT

Nope not yet. I didn't know that I could since they (equifax) "verified" it. Experian sent a letter stating that I didn't give them sufficient identification info to verify my identity. Bunch of bullcrap if you ask me. So it was enough for Exquifax but not Experian?! Obviously these credit bureaus do not have the same criteria for reporting nor verifying. It's maddening! Anywho, sidewinder, I don't know what to do next. Because not only are these two bureaus treating this differently but now the third, which this account was not on, is now reporting it! So wth?! Mind you I haven't gotten ANYTHING from Midland themselves but they've obviously decided to make sure that all three of my scores are being dinged by them! Grrrrrrrrr

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 14:09:31 GMT

CeRTifiEDNuT wrote:
Nope not yet. I didn't know that I could since they (equifax) "verified" it. Experian sent a letter stating that I didn't give them sufficient identification info to verify my identity. Bunch of bullcrap if you ask me. So it was enough for Exquifax but not Experian?! Obviously these credit bureaus do not have the same criteria for reporting nor verifying. It's maddening! Anywho, sidewinder, I don't know what to do next. Because not only are these two bureaus treating this differently but now the third, which this account was not on, is now reporting it! So wth?! Mind you I haven't gotten ANYTHING from Midland themselves but they've obviously decided to make sure that all three of my scores are being dinged by them! Grrrrrrrrr

Did you DV? Did you DV within 30 days of getting a letter from Midland? Is this your debt and you just wanting validation or is this not your debt?

Re: Has anyone ever known Midland accepting a PFD?

CeRTifiEDNuT — Thu, 19 Mar 2009 14:18:51 GMT

Unfortunately, no, I didn't DV when I received the letter from them. I started getting letters from them a couple of years ago. Not knowing who or what it was, I never paid the letters any mind. So I have no idea what this is. i don't recall owing anyone the amount that they are saying is owed. I only DV'd them recently because I became serious about cleaning up my credit. But at this point I could care less if it's mine, I just want it gone!! It's $286 so I'll take my lick and pay it if it will help my score. It's just a bit frustrating because I feel I'm getting the run around and nobody is sending proof that it is mine. Only a letter stating it is.

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 14:19:57 GMT

They haven't told you who the OC is?

Re: Has anyone ever known Midland accepting a PFD?

CeRTifiEDNuT — Thu, 19 Mar 2009 14:30:08 GMT

It is saying the oc is Citibank, whom I've never done business with.

Re: Has anyone ever known Midland accepting a PFD?

molly73 — Thu, 19 Mar 2009 14:59:50 GMT

hey sidewinder -

what would you do then?

midland is for $2300. DOLA was 2005 (but this is a collection account so the DOLA is from the OC right)

would you send them a PFD letter? What if they do accept the PFD letter? what letters should i send them & how often?

capital 1 is for $1300. DOLA is 2003. they have not contacted me in years... account is still with them.

should i contact them? if i do...what letter should i send them.....and how often?

would it be worth paying these off? midland i really don't want to pay the extra $1000 worth of interest they have added!

i just need a game plan.

thanks so much!

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 15:00:46 GMT

Call Citibank and talk to them.

CeRTifiEDNuT wrote:
It is saying the oc is Citibank, whom I've never done business with.

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 15:02:14 GMT

molly73 wrote:
hey sidewinder -

what would you do then?

midland is for $2300. DOLA was 2005 (but this is a collection account so the DOLA is from the OC right)

When is the DOFD? Is this beyond SOL?

would you send them a PFD letter? What if they do accept the PFD letter? what letters should i send them & how often?

capital 1 is for $1300. DOLA is 2003. they have not contacted me in years... account is still with them.
should i contact them? if i do...what letter should i send them.....and how often?

What is the DOFD? Is this beyond SOL?

would it be worth paying these off? midland i really don't want to pay the extra $1000 worth of interest they have added!

i just need a game plan.
thanks so much!

Re: Has anyone ever known Midland accepting a PFD?

molly73 — Thu, 19 Mar 2009 15:14:05 GMT

the CRAs all have different info.

Capital 1 - EX says Date of last payment Aug, 2004......DOLA is April 2004

Midland - EX says DOLA is 2003, can't find a DOFD on any of my reports

these accounts were while i was in CA, but i have been in TX since late 2003.....so they should be beyond SOL for both states

thanks again for all the help!!

Re: Has anyone ever known Midland accepting a PFD?

CeRTifiEDNuT — Thu, 19 Mar 2009 15:15:48 GMT

Just got off the phone with Citibank account services. I gave them my name and account number that is shown on my credit report and she said that none of their accounts start with those numbers. She then tells me to to write their credit bureau dispute center. Ugh I feel like pulling my hair out!!!!

Re: Has anyone ever known Midland accepting a PFD?

sidewinder — Thu, 19 Mar 2009 18:14:22 GMT

The account number you have on your report is the number of the account you have with the CA, not the OC.

Call back, explain that a CA is trying to collect on a debt where they claim CitiBank is the OC. However, you do not recall having a debt with CitiBank and ask them to search by your name/SS#/whatever else they can.

CeRTifiEDNuT wrote:
Just got off the phone with Citibank account services. I gave them my name and account number that is shown on my credit report and she said that none of their accounts start with those numbers. She then tells me to to write their credit bureau dispute center. Ugh I feel like pulling my hair out!!!!