Interesting letter from Midland Credit Managent........

[Bankrupt2019]

looks like a letter of sale of my Barclays Bank charged off account. Looks typical, has all pertinent information and is a valid in statute debt. The very bottom of the letter states

"WE WILL NOT REPORT YOUR DEBT TO THE CREDIT BUREAUS IF YOU SET UP A PAYMENT PLAN, MAKE PAYMENT BY 10-24-2015 AND MAKE ALL PAYMENTS AS AGREED"

I called them up and they offered $457 one time payment, on recorded line (their end and mine) said they will not report the account.

Am I dreaming?

[Anonymous]

No, that is rather common.

[RobertEG]

Perhaps the huge loss of business created as a result of their recent consent agreement with the CFPB is causing a change in their normal business practices?

The one-time payment would be my suggestion since it removes any SOL reset issues that might later arise if you default under a payment plan......