topic Re: Should I call or not? in Rebuilding Your Credit

Should I call or not?

Anonymous — Wed, 30 Jan 2019 18:44:17 GMT

Here's my situation in short:

-I have a $1,400 account in collections...old credit card

-I've been paying $50/month for a couple years but the law firm that was handling the collections closed shop and the debt was assigned to a new firm (still with the same company that owns the debt, Midland Funding)

-I was never notified of the switch but when I noticed my last couple checks weren't cashed I looked into it and found out about the situation. I also recently received a notice from the new firm that they now were collecting for Midland.

-I got a credit alert about 10 days ago that Midland reported I was 30 days late on my payments. Although nothing seems to be showing up in reports, the alert is there. Weird.

I want to call Midland (I called the law firm and they said they just make payment arrangements, collect payments, and negotiate settlements) to offer to negotiate a pay for delete here. When I go to Midland's site it shows two other debts that are old and not on my credit reports. I'm worried that if I call (even to just discuss my $1,400 debt) those two old debts will again become active and maybe even hit my credit reports. Also, concerned I'll then be harrassed by Midland about these.

I've got a few questions:

-If I call about the $1,400 am I then at risk of "re-activating" the other two debts and/or having them hit credit reports or getting calls from midland about them?

-Is hoping for a pay for delete settlement realistic?

-If I offer about 1/3 of the total amount owed for a pay for delete might they accept, or is that a pipe dream?

-Finally, if they accept, what sort of documentation should I ask for before I make the payment to them.

Any help, advice, suggestions or just answers to these questions would be greatly apprecaited. Sorry for such a long post but it's a bit of a complicated situation. Thank you for any assistance you can give me here. Would really like to get this off my report as I am still rebuilding my credit.

Re: Should I call or not?

Anonymous — Thu, 31 Jan 2019 02:57:39 GMT

Hi
Yr situation is exactly like mine
Inform u Midland has a new credit reporting policy u cn go Under there site and read it
Once account is paid or settled and if u qualify under that policy it will be deleted

I just paid mine and settled I went online
As u said once that was paid another account shows up
And I feel the same I'm going to just wait c what happens
I would recommend to just settle the account as long as they delete
When I called they didn't mention no other account
If u cn financially pay it's btr than mkn payments
When u call state only that account
Lt me know how things go
Hope this helps
Also u cn look up yr account under Midland and u should c A list of payment options
Click the 1 that say pay full today it should give settlement offer

Re: Should I call or not?

Anonymous — Thu, 31 Jan 2019 03:06:41 GMT

forgot to mention
If other accounts 7 yrs SOL
Yr good
If not do u know how old and how many accounts another solution if they where close to falling off u cn ask
For earl exclusion