Midland -- I know how much we all love them

[KevinBlock55]

Hey guys,

Just wanted to check in regarding this dreaded company. I remember last year, they sent me a settlement for 10% and believe it or not, my head was too buried in the sand to just accept it. I actually countered months later offering 25% for PFD but they never responded. Additionally, the offer of 10% was withdrawn. Hoping they offer it again and opening this thread hoping some people get some offers like that. This offer was issued this time last year.

[sphinx313]

I called a CA recently to MAKE an offer, and they said as soon as they verified who I was: "There is an offer available on your account for $xxx.xx today only, would you like to take advantage of this offer?" and it was for LESS than I was going to offer them so I was like absolutely! Another CA offered me like $60 more than I was willing, so I said "ehhhh, I was thinking more along the lines of $xxx.xx" and they countered back for like $10 more than my offer.

Point is, you can just give them a call and see where their heads at. That's what I am going to do with them on a $1,073 debt. I'm going to settle for bottom dollar, I'm looking for $300 or less.

[KevinBlock55]

Ive called them. They want 60% so they can stick it lol.. I wish I had just accepted that offer last year! I was even thinking about mailing in the payment coupon with a check lol. Just to see if theyd take it..

[sphinx313]

Rofl that would be funny, but they would probably cash it and update your balance. How much is it, if you don't mind me asking? I'm looking for under $300 on $1k+, so I don't know lol. One thing I know for sure is, paying this debt does nothing for me but prevent me from being sued, so they are not getting 60% of anything.

[KevinBlock55]

I dont have to worry about a suit as SOL has expired. My debt is approximately $1,400.00 and its probably within 18 months of falling off. But it DOES update every month AND counts against my utilization. To be honest, I'd pay 60% at this point for a PFD. I was able to get the OC tradeline removed years ago.

[sphinx313]

How is a CA affecting your utilization? I was under the assumption that only the OC could affect utilization via charge-off's with balances?

[KevinBlock55]

Youre probably right. I would like it off nonetheless tho.. I was thinking of Merrick Bank

[sphinx313]

Oh ok, I was just hoping you didn't have some new information I wasn't aware of lol. Learn something everyday. I want it at $0 as well just for manual review purposes. I could honestly careless that it says settled for less. "So you settled this account for less than the full balance?" My response: "Duh, wouldn't you? They tacked on so many fees and other erroneous $$$." The fact that they won't send a letter or call is worth the $300, regardless of how a manual review goes.