I am in a similar manner... similar in that Midland is attacking my credit reports in all sorts of ways, supposedly on behalf of Aspire, which seems to have no contact information whatsoever! I have been asking about ways to deal with this. Not many people have responded directly to the threads I have posted, but there are MANY other threads about Midland where people have offered up advice. I am trying to glean from those responses how to handle it. From what I gather, and re: your situation, Midland has 30, some say 35 days, (I am not so clear on this) to verify this account. If they do not, they have to delete it from your CR. I do not know if a deletion will mean the debt. is cancelled since there is a statute of limitations in which time they can sue. You have to find out what the SOL is in your state. My understanding is that it starts on the day of your first deliquency with the original creditor, Aspire in your case. If that time has passed, Midland cannot legitamately sue you and it is a matter of waiting until the account falls off your report, which can take 7 years or them not validating it in 30-35 days. Do a search here for Midland. It is how I got most of this information. Hopefully, others will reply as well and let you know if my info is correct and also give you more information. I am still trying to decide which is the best course of action myself. But, you do not care if Midland's lawyers have not yet verified the information. You just hope they can't do it within 35 days! Hope this helps.
Message Edited by RecoveringMyLife on
02-26-2008 04:47 AM
