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Any luck with Midland or PRA?

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New Member

Any luck with Midland or PRA?

Hi all, I've been reading through the threads on this but haven't seen many people who updated on their success. As is common practice for these collection accounts, they're reporting on Experian as currently past due, with a 1 month term, and FP every month. It's killing my score even though the accounts are 5 years old. I filed a complaint with both the BBB and the CFPB, but I was wondering if there's anything else I can do and if anyone here had success with the methods I've just tried. Any advice is appreciated!

Message 1 of 19
18 REPLIES 18
Moderator

Re: Any luck with Midland or PRA?

Both have stated deletion policies on their websites and they live up to them. Welcome to the board!

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 2 of 19
Senior Contributor

Re: Any luck with Midland or PRA?


@gdale6 wrote:

Both have stated deletion policies on their websites and they live up to them. Welcome to the board!


+1





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences from rebuild to recovery after BK DC. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 3 of 19
Community Leader
Mega Contributor

Re: Any luck with Midland or PRA?


@bootsy52525 wrote:

Hi all, I've been reading through the threads on this but haven't seen many people who updated on their success. As is common practice for these collection accounts, they're reporting on Experian as currently past due, with a 1 month term, and FP every month. It's killing my score even though the accounts are 5 years old. I filed a complaint with both the BBB and the CFPB, but I was wondering if there's anything else I can do and if anyone here had success with the methods I've just tried. Any advice is appreciated!


Hi and welcome 

 

As stated above, both will delete upon payment, but out of curiosity, what was your complaint about? 

 

Is their reporting inaccurate? 

Message 4 of 19
New Member

Re: Any luck with Midland or PRA?

My complaint was the way they’re reporting. They report it every month as past due so my credit score keeps taking a hit.
Message 5 of 19
Community Leader
Mega Contributor

Re: Any luck with Midland or PRA?


@bootsy52525 wrote:
My complaint was the way they’re reporting. They report it every month as past due so my credit score keeps taking a hit.

If the debt remains unpaid, they have every right to report that it remains unsatisfied, because you are past due every month.  That's why your complaint produced no results

 

Good news is, you can probably settle these accounts for amounts less than owed and no one will know as they will get deleted. 

If you do not wish to pay,  they may report for the entire time they are on your CR. 

Also, if you wait too long, these accounts may get sold to different CAs, the ones that dont delete, so that can make your situation even worse. 

 

Up to you how you want to proceed with this. 

 

Good luck. 

Message 6 of 19
Community Leader
Senior Contributor

Re: Any luck with Midland or PRA?

Just to add a couple more points to this, PRA will delete once payment is made, whether settled or in full. Midland will as well with the stipulation that the debt is at least two years old.

Midland will also sue for the full amount if you wait too long, so it’s in your best interests to come to an agreement and get them paid. You don’t want a judgment on your record - no getting rid of that for 7 years.


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Message 7 of 19
New Member

Re: Any luck with Midland or PRA?

Luckily I’m past the SOL for them to be able to sue for these debts in my state. They fall off in about a year, but the way they report really sucks and I can’t believe it’s legal.
Message 8 of 19
Senior Contributor

Re: Any luck with Midland or PRA?


@bootsy52525 wrote:
Luckily I’m past the SOL for them to be able to sue for these debts in my state. They fall off in about a year, but the way they report really sucks and I can’t believe it’s legal.

Well a top Moderator, a Community Leader, and a knowlegable poster have told you the same thing. It is legal and they are doing it. So if it takes posting the company policy to for you to see it. Here it is. So this will be 4 members now. If you want to pass up on gaining points to your score. So be it.................

"Your account will be considered paid-in-full or paid-in-full for less than the full balance after your final payment is successfully posted. Within approximately 30 days of your final payment successfully posting, we will request the credit reporting agencies delete the PRA tradeline related to your account from your credit bureau report."





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences from rebuild to recovery after BK DC. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 9 of 19
New Member

Re: Any luck with Midland or PRA?

I’m not disputing anything anyone said.
Message 10 of 19
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