topic MIDLAND FINANCIAL SERVICES in Rebuilding Your Credit

MIDLAND FINANCIAL SERVICES

lindel — Tue, 10 Mar 2015 01:03:21 GMT

Has anyone had any success with this collection company? They are listed on my sons credit report. Any success with PFD or GW? Please help!

Re: MIDLAND FINANCIAL SERVICES

Anonymous — Tue, 10 Mar 2015 01:26:20 GMT

They're one of the nastiest CAs out there. They don't negotiate PFD or GW. They sue just about everybody. They usually don't fold or back down unless the CFPB or FTC gets involved. But you have to have a real legitimate complaint to involve them.

I actually have a midland collection listed on my CR from CIT bank(dell financial) NOT Citi bank. Original balance listed was $2000, now it's over $4000 since they took over and added late fees and interest. I'm outside of the SOL and it's set to be excluded from my CR within the next couple of months. They update the collection every month, keeping my score down. I'd have to say I feel very lucky they haven't sued me(yet). I'm certainly the exception, not the rule. I've seen them sue many people for much less than the debt listed on my CR. I actually plan on settling the debt this summer, with the help of legal counsel, so the SOL isn't renewed.

Anyway, my advice is to try and settle the debt sooner than later. Especially if it's still within the SOL. At least if it's settled, they won't keep updating it every month, and the collection will begin to age.

Re: MIDLAND FINANCIAL SERVICES

lindel — Tue, 10 Mar 2015 01:38:57 GMT

Oh goodness! I will pay it then. Its actually on my son credit report. Long story short medical bill my son's father was suppose to pay. Do you think that the OC will recall the debt if asked?

Re: MIDLAND FINANCIAL SERVICES

Anonymous — Tue, 10 Mar 2015 01:54:19 GMT

If it's a medical collection, try to get the OC to pull the debt back completely from Midland and pay them directly. Otherwise, they'll just tell Midland to update the collection to paid and it will stay on for 7 years. Offering to paying in full will probably get you better results. You can try googling the HIPPA process. We can't discuss it on the boards here and the effectiveness of the HIPPA process is debatable. I've never tried it and seems confusing.

Re: MIDLAND FINANCIAL SERVICES

alienfico — Tue, 10 Mar 2015 03:38:32 GMT

Midland is the worst. They don't play fair. I managed to get two entries off my reports by filing complaints with the cfpb and my state's general attorney.

They were not about to budge.

One question I do have is your son a minor? I ask this because you state that his dad was to have paid the bill, if he is a minor should Midland make

an entry on his CR since he wasn't the person responsible for making payment?

Re: MIDLAND FINANCIAL SERVICES

lindel — Tue, 10 Mar 2015 03:54:03 GMT

My son is 20. He is still on dad's health insurance because he is in college. Does that make a differece? He is not working.

Re: MIDLAND FINANCIAL SERVICES

alienfico — Tue, 10 Mar 2015 12:21:48 GMT

I am not sure. It s worth exploring and I hope that others chime in, but it seems to me that if he doesn't have the financial responsibility for the insurance - in other words it is not under his name...why should he get the ding on his credit report? I know for my daughter when we fill out medical forms it asks who is the financial person responsible for this medical insurance....and she is also on her dad's insurance and my insurance as well since she too is in college. I almost want to say they (Midland) should be going after the dad and not your son. Not that would wish Midland on anyone because they are relentless.

Re: MIDLAND FINANCIAL SERVICES

Anonymous — Tue, 10 Mar 2015 16:28:46 GMT

I tried "PFD" few months back and didn't work. Now I don't know what to do. I have about 3500$ owed to them between two accounts. I don't want to be sued, nor want to empty savings account to pay it. Not sure what to do

Re: MIDLAND FINANCIAL SERVICES

gdale6 — Tue, 10 Mar 2015 18:32:30 GMT

@alienfico wrote:
I am not sure. It s worth exploring and I hope that others chime in, but it seems to me that if he doesn't have the financial responsibility for the insurance - in other words it is not under his name...why should he get the ding on his credit report? I know for my daughter when we fill out medical forms it asks who is the financial person responsible for this medical insurance....and she is also on her dad's insurance and my insurance as well since she too is in college. I almost want to say they (Midland) should be going after the dad and not your son. Not that would wish Midland on anyone because they are relentless.

He is of legal age and is the legal reponsible party for paying the debt sans insurance. A lot of this medical CA problem involving insurance is going to be going away there was a landmark settlement announced yesterday by the NY State AG you can read about it here http://ficoforums.myfico.com/t5/Credit-in-the-News/Credit-Bureaus-Agree-to-Overhaul-Reports/td-p/3849824

Re: MIDLAND FINANCIAL SERVICES

alienfico — Wed, 11 Mar 2015 00:19:11 GMT

I read that new decision and i wholehartedly agree with it, because often hospital billings is done by an outside company that has a working relationship with a collection agency, sometimes it behooves them to not do "all" necessary to bill the insurance. From my understanding now they have 180 days or something like that, before a

medical collection shows up on your credit report. Puts more due diligence on the hospital to get the billing done right through the insurance.

Re: MIDLAND FINANCIAL SERVICES

Anonymous — Wed, 11 Mar 2015 21:45:53 GMT

@Anonymous wrote:
They're one of the nastiest CAs out there. They don't negotiate PFD or GW. They sue just about everybody. They usually don't fold or back down unless the CFPB or FTC gets involved. But you have to have a real legitimate complaint to involve them.

...

Is Midland really that bad? I have some collections with them, including one well into 5 figures (far out of SOL now), and Midland never overtly threatened to sue. Sure, there was a mention they could in their boilerplate, but never received any intent to sue letters, etc. Though, over the years, I've received numerous we'll settle for X percent / discount offers, some of which were tempting. Finally, they've pretty much given up - even their letters clearly state the debt is out of SOL, which not all CAs bother mentioning when collecting old zombie debt. All in all, Midland hasn't been that bad. Asset Acceptance - well that's a different story

Re: MIDLAND FINANCIAL SERVICES

gdale6 — Wed, 11 Mar 2015 22:10:59 GMT

@Anonymous wrote:
@Anonymous wrote:
They're one of the nastiest CAs out there. They don't negotiate PFD or GW. They sue just about everybody. They usually don't fold or back down unless the CFPB or FTC gets involved. But you have to have a real legitimate complaint to involve them.

...
Is Midland really that bad? I have some collections with them, including one well into 5 figures (far out of SOL now), and Midland never overtly threatened to sue. Sure, there was a mention they could in their boilerplate, but never received any intent to sue letters, etc. Though, over the years, I've received numerous we'll settle for X percent / discount offers, some of which were tempting. Finally, they've pretty much given up - even their letters clearly state the debt is out of SOL, which not all CAs bother mentioning when collecting old zombie debt. All in all, Midland hasn't been that bad. Asset Acceptance - well that's a different story

Midland & Portfolio Recovery are known to be 2 of the toughest to deal with and this is across many forums on the web.

Re: MIDLAND FINANCIAL SERVICES

Anonymous — Wed, 11 Mar 2015 22:41:57 GMT

Didn't realize that - I dodged a bullet. Much of my debt is from late 2008 during the midst of the economic crisis, so it seems likely the OCs and CAs were overwhelmed and didn't pursue debt like now? Don't know. Overall, I've had relatively few issues with debt collectors other than getting zillions of letters and phone calls, which thankfully have dropped way off in the past couple of years as the debts aged out of SOL.