I read the ruling against Midland and portfolio and I have a question

[RESSECUP]

It mentions they must explain why they are collecting more than the charge off amount. So if the OC charged off just 400 and midland wants 800, this is something I should dispute right? I asked this before but now I see it in writing as an order by the courts.

[Anonymous]

Interesting. I had a Midland collection for $160 (OC Verizon) delete out of the blue a few days ago off Experian. Was a nice surprise, and an extra 5 points. It still had 9 months remaining, and Midland was updating every month like clockwork. I've not checked the other bureaus yet - have to wait until tomorrow for CreditKarma to refresh (CCT is 5 days away). Anyone else here have Midland collections delete early within the past few days?

In regards to your question, it's likely no action is required. Midland may choose not to pursue the debt. However, if contacted by them, dispute it and also file a complaint with the CFPB. Midland is under the gun right now, and given the smallish amount, would likely just delete the collection.

[RESSECUP]

Well I had already started to dispute with the credit bureaus, the whole reporting was deceptive, but they are newer added in August. And portfolio recovery.

[Anonymous]

I'm trying to find out what ruling you are talking about. Do you have a link?  My husband has debt with Midland and they are a PAIN. Even when on a payment plan. 

[RobertEG]

Did the creditor cease to charge interest after they did their charge-off, and the debt collector is now attempting to charge interest prior to the date they acquired the debt?

[RESSECUP]

http://www.consumerfinance.gov/newsroom/cfpb-takes-action-against-the-two-largest-debt-buyers-for-us...

there is also a link to the order in this article

[alienfico]

Yes, inquiring minds want to know.....is there a new ruling against Midland?  Can you attach a link so we can read it and perhaps quote from it if necessary back to 

Midland.  I know that they are a pain to deal with for many people.  I finally got them off of my credit reports through filing stuff with the CFCB.......talk about $$$ spent

in CMRR.....lol

[RESSECUP]

Robert, im not sure.  I think you helped me with this before.  The last bill i recieved from the OC had the higher amounts, i.e. 804.00 but the charge off amount on my credit report was 400.00.  I really would like to just pay about $200.00 or less to settle it out, i have already paid about $100.00 on the bill so far. 

[RESSECUP]

Yes approx 6.92 a letter, lol.  I have sent off about 3 of them so far.  i have included the link above

[Anonymous]

 thanks for posting the link...interesting information.  I've paid off a few Midland debts (judgements) in my day. Now, the husband is working on his.