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Valued Member
Posts: 43
Registered: ‎04-03-2009
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Re: MCM getting to settle.

Sorry I'm not following you...I'm quite new to this. I have to have something by the 7th...apparently that's the last day unitl it goes to an attorney.

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Valued Contributor
Posts: 1,540
Registered: ‎10-25-2011
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Re: MCM getting to settle.

I have sent 1 GW letter to them every day for the past month almost (email and snail mail) and still have no outcome... lol.... 

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Valued Member
Posts: 43
Registered: ‎04-03-2009
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Re: MCM getting to settle.

So would u suggest me to wait and see if they actually give me a summons?

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Valued Contributor
Posts: 1,540
Registered: ‎10-25-2011
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Re: MCM getting to settle.

No, i would send them a DV (if you havent already) CMRRR and state to respond by mail only and then do a PFD if they come back saying the debt has been validated. 

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Posts: 50
Registered: ‎01-24-2012
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Re: MCM getting to settle.

My first offer from Midland for immediate pay off was about 90% of the total.  I was able to get the guy to 75% on the first call and he wouldn't budge from there.  I had it faxed over in writing within 5 mins and paid it immediately.  I don't know if they regularly reduce more than that, but I know that you can get 25% knocked off without a lot of effort.

 

I had zero luck doing a PFD with Midland and so far I've had no luck with GW after the fact, but I'm still trying to get them deleted.

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Posts: 485
Registered: ‎04-26-2010
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Re: MCM getting to settle.

If you go to their website and enter the info..they most often offer you a 60% settlement for a one time payment or an 80% settlement for 6 payments.

Valued Member
Posts: 43
Registered: ‎04-03-2009
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Re: MCM getting to settle.

[ Edited ]

So I thought i would post an update to my situation. I spent roughly a month trying to get be able to talk to the guy that was holding my account and finally I got tired of trying and just quit messing with it. Yesterday I recieved a letter from a lawyer in Arkansas that is taking care of this debt for midland. It wasn't a summons to court as far as I can tell from the letter. It basically told me if you like to disput this debt you have 30 days to mail them a letter asking for validation it also says at the bottom to call if you would like discuss payment options. I was going to mail them anyway to try and buy more time but should I mail them a letter asking about the payment options to the account or just call?

 

Just another update haha! I went ahead and called and they are a thousand times nicer than midland. They said I could pay 500 settlement or pay 65 a month until paid off. They said I have 30 days to call and see which one they wanted me to do.


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Established Contributor
Posts: 527
Registered: ‎02-27-2012
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Re: MCM getting to settle.

It kind of sounds like you're back where you started with the thread. I would suggest paying the settlement in full, try not to make payments whenever possible.


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