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I have been receiving a series of “Settlement Opportunity” letters from Midland Credit Management, Inc. The letter shows the original creditor as a local hospital that I was in for a couple of weeks 10 years ago. The original creditor currently does not show up on any of my credit reports. (It may have shown up at some point, and dropped off, but I do not know for sure) I would like to buy a home within 6 months, so I am doing all that I can to clean up and protect my credit score. Do I need to take Midland Credit Management, Inc. up on their settlement offer of $367.88 on a $490.50 balance to prevent this from showing up on my CR? Can they do that if it has already run its course as a collection on my CR a few years back? Oh, when I call the original creditor, they have no record of the account. I am scared that if I do not pay these people, a collection will show up on my CR just as I am ready to pre-qualify for a home loan. Has anyone had any dealings with Midland Credit Management, Inc.?
Thanks to chartley3 & Boswd for your replies. I live in the state of Florida, and I believe the SOL on this debt is 5 years. I definitely will be keeping an eye on my CR, and I will send Midland Credit Management, Inc. a cease and desist letter. I guess that I can sleep a little better now. Thank you.