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So I believe this is related to the lawsuit that was filed against MCM few months ago, and I had signed up using the old cell phone number thinking I didnt qualify because I didnt get the postcard. But apparently I did get it later on.
Just yesterday I received this letter regarding the same lawsuit. Anyone else get it? What is the best course of action on this?
Haven't gotten that letter yet. As far as I'm concerned, Midland can keep the $$$ if they remove the tradeline. Sounds as if they are only reducing your debt, not eliminating it. What is the point of a class action lawsuit if they only get a slap on the wrist.
It seems self-explanatory.
You either send them a simple statement that you still contest owing a debt, or you do not.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
The point of the letter is how they are requried under the settlement agreement to handle authorized claims for damages.
It has nothing to do with credit reporting.
They have differing accountings based on whether or not the debt is acknowledged as legit.
If the consumer contests the debt, they take accounting path 1.
However, if the consumer does not contest the debt, they take accounting path 2.
You are not giving up any rights if you respond.
I would simply respond if you wish to make a statement that you do not owe any debt.