topic Re: What do I tell Midland? in Rebuilding Your Credit

What do I tell Midland?

ALD22 — Tue, 06 Nov 2012 17:20:38 GMT

So I sent a PFD letter and got a voicemail from someone with midland. What do I do if they don't accept a PFD? Tell them I will not pay unless it is deleted? I just don't know what to say to them, help please!

Re: What do I tell Midland?

hendersj31 — Tue, 06 Nov 2012 17:36:12 GMT

I tried telling them that. They don't care. Mine was for a rather small amount, so maybe if it were higher they would budge....

Plenty of posts on here about how difficult PFD is with Midland. I ended up paying and just sent them a goodwill letter last week asking to delete since I paid in full. I doubt they will delete it but I will keep trying.

I realize this does not help but wanted to share my experience.

Re: What do I tell Midland?

ALD22 — Tue, 06 Nov 2012 17:44:21 GMT

I'm just so nervous on how to handle them. I'm not a very firm person. Its for $1400 and I offered to pay half. The thing is they called me in September and I worked out a payment plan with them and they never took the payment out of my account.

Re: What do I tell Midland?

Anonymous — Tue, 06 Nov 2012 17:43:40 GMT

To go to hell!

Re: What do I tell Midland?

hendersj31 — Tue, 06 Nov 2012 18:08:33 GMT

How old is the debt?

If it is not falling off your report any time soon I would negotiate as low a payment as possible if they won't do a PFD. Also make sure they agree to mark PAID in FULL and not paid for a lesser amount.

It would benfit you to work on being firm with them. You are dealing with real people and you never know, you may get someone who is willing to help you out or make an exception.

Re: What do I tell Midland?

ALD22 — Tue, 06 Nov 2012 18:35:27 GMT

the account was opened in 2008, I stopped making payments in Jan 2012 because my husband lost his job.

Re: What do I tell Midland?

RobertEG — Tue, 06 Nov 2012 20:50:56 GMT

I would not recommend becoming confrontational, or threatening not to pay.

If the debt is legit and they have authorized authority to collect on the debt, either as a agent of the creditor if the creditor still owns the debt, or as the current owner, they are conducting legitimate collection activities.

They have every right to decline credit report deletion as a condition for payment. Just continue persuasion efforts until you are sure that both sides are exhausted.

A threat not to pay a legitimate debt is not something I would want presented to a judge should they bring legal action.

With the debt being so recent, SOL has likely not expired, so legal action is an option of theirs. Ticking them off is not a wise move.

I would also determine whether they now own the debt, or are just an agent for the creditor. You may be able to strike a deal with the OC if they still own the debt.

Re: What do I tell Midland?

ALD22 — Tue, 06 Nov 2012 20:59:22 GMT

I don't want to be confrontational, but I don't want to just give in either. The debt is legit, but they have added fees and all of these extra charges on top of what I owed to the OC. I think I'll try to kill them with kindness first. I know I am basically asking a huge favor for them to PFD.

Re: What do I tell Midland?

Anonymous — Fri, 09 Nov 2012 04:23:12 GMT

Well I haven't had any luck with Midland. I had 2 accounts with them that were rather large amounts. I tried everything to get them to accept PFD. There standard offer is 40%, but I was able to talk them down to 50%. I have also tried to GW them with no sucess. I would certainly try to PFD, you never know unless you try!