topic Re: Midland funding in Rebuilding Your Credit

Midland funding

Anonymous — Fri, 22 Feb 2019 18:37:33 GMT

I owe have a debt with Midland funding for 6,238.09
I only want to pay 40%. How do I go about negotiating this down. I called them and they said the lowest they'd go was 4500. I have about 2500 cash available that I can pay on it right now. Do I stand a chance getting it down that low. Should I try to make the settlement via mail instead?

Re: Midland funding

Anonymous — Fri, 22 Feb 2019 18:42:29 GMT

Sometimes calling back and speaking with a different representative can make a difference. Don't give up. Good luck

Re: Midland funding

simplegirl — Fri, 22 Feb 2019 18:43:08 GMT

I would suggest mail because some offers are better given that way. It is usually harder when your talking to them on the phone. If your still within SOL then they would probably make it harder to.

Re: Midland funding

Anonymous — Fri, 22 Feb 2019 19:10:13 GMT

You should negotiate a pay-to-delete and do it by mail. They can always change it if it is not in writing.

Re: Midland funding

Anonymous — Fri, 22 Feb 2019 19:12:39 GMT

Okay, thanks! I'll try by mail with occasional calls. I believe Midland funding deletes after payment.

Re: Midland funding

simplegirl — Fri, 22 Feb 2019 19:17:22 GMT

Yeah they do if the debt is 2 years old or older.

Re: Midland funding

Anonymous — Sat, 23 Feb 2019 21:43:04 GMT

I have got debt's that were almost $6,000 down to $500 it just depends on the original creditor and what they purchased the debt for, I would think you could get close to $3,000

Re: Midland funding

Anonymous — Tue, 26 Feb 2019 03:13:02 GMT

I'd love to get it down to 500! 3000 is okay. Would you recommend to continue calling until they lower the price or to communicate via mail. What exactly needs to be done. Thanks for your help!

Re: Midland funding

Anonymous — Wed, 12 Jun 2019 14:09:43 GMT

You can definitely get Midland to accept 50-55%; I've done it twice. Start by offering them 30% and tell them that's all you have and would like to settle the account so you can move forward with rebuilding your credit. Do not tell them how much $ you have available to pay altogether and DO NOT sign up for a payment plan if you can help it. Payment plans with collection agencies are a waste and do nothing to help you. Also, if the date of first deliquency was 2+ years ago, they'll delete the account from your credit reports. Otherwise, I wouldn't bother paying it right now to be honest. Lastly, I'd advise you to follow up with them about a week after settling the account to make sure they've updated your account and have notified credit bureaus b/c otherwise, they may not close out the account the way they're supposed to. GOOD LUCK!

Re: Midland funding

firemartinez1980 — Wed, 12 Jun 2019 14:48:43 GMT

I know this thread is a few months old, but I had a $900 collection with Midland and just did a settlement for $500. It was better than paying the $900 and it should be deleted off my credit report completely any day now.

Just remember, ANY settlement is better than paying the full price. YOU are the one that charged or made that purchase at full price and didnt pay it, so any kind of settlement is better than none and if you can, get it deleted from your report after paying. Midland is good about this as long as the account is over 2 years old

Re: Midland funding

Anonymous — Thu, 13 Jun 2019 02:11:16 GMT

I have an account in collections with midland it won’t hit two years till next month. I plan to negotiate a pay for delete. Let me know if you have success and they actually delete off your CR.

Re: Midland funding

Anonymous — Thu, 13 Jun 2019 03:32:49 GMT

I've had two successful deletions for Midland funding.