topic Re: Need a game plan for Midland. in Rebuilding Your Credit

Need a game plan for Midland.

Anonymous — Tue, 03 Nov 2009 23:56:04 GMT

So I got a dunning notice from them today offering to settle. The original debt was through HSBC and they say HSBC sold to them. However, as of today HSBC is reporting a balance on my CBR. I am thinking that if I DV Midland they may not report. The DOFD on this debt is 4/08. Any suggestions?

Re: Need a game plan for Midland.

Anonymous — Thu, 05 Nov 2009 13:38:07 GMT

anybody?

Re: Need a game plan for Midland.

CreditDrama85 — Thu, 05 Nov 2009 16:42:07 GMT

always send DV. it settlement is reasonable settle. do not call a CA

Re: Need a game plan for Midland.

CLG — Thu, 05 Nov 2009 16:44:39 GMT

What is DV?

Re: Need a game plan for Midland.

BungalowMo — Fri, 06 Nov 2009 13:39:28 GMT

@CLG wrote:
What is DV?

DV is Debt Validation. First...you say hsbc is still reporting a balance. That means they have NOT sold the debt. They may have assigned it to midland to collect, but they still owe.

What's the balance owed? Can you afford to pay hsbc in full? This will get midland out of the picture. What kind of negative info is hsbc reporting?? Is it reporting as CLOSED? Longshot, but maybe you can try a GW for removal of neg info.

Also...check the abbreviations link in my sig. It will come in extremely handy here.

Re: Need a game plan for Midland.

Anonymous — Fri, 06 Nov 2009 17:36:17 GMT

I owe $567.00 and I can afford to PIF. It is reporting account closed by credit grantor/charge off. I have considered a goodwill to remove the 90/150 day lates but I really just need to pay so it doesn't hurt my util. anymore.

Anyways, I did not send the DV yet. What do you think Mo? Should I try to pay HSBC with a PFD ltr?