We recieved a summons for court that Midland Funding was suing us for $2,236.27. I contacted Midland and asked if we could make a deal without going to court or receiving a judgement. They agreed to a settlement amount of $1778.80 to consider the account paid in full and to not go to court. I sent them a cashier's check for the agreed amount. The court case was dimissed and when I spoke to Midland they said the account was settled and nothing more was owed.
I checked the credit reports on line and now Midland is reporting a balance of $457.00 on this account. they showed the payment of $1778.00 as last payment received. Shouldn't this account be showing a balance of zero since they agreed to the amount, we paid it as agreed?
I really don't know what recourse I have. Any suggestions would be greatly appreciated.
thank you for your help.
