Hi,
It's been a while since I've been on this forum daily, but I'm hoping I can get some helpful advice like in the past. I just recieved a Pre-Legal notification from Midland Credit Managment. 
A little background: For many years I worked for my uncle and ran my own side business...I got really interested in building my credit pretty young and had got some quite good cards and limits and so on. My uncle suddently had to move because his wife had serious medical issues in which they had to go out of state to be near a specialist, and my own business really tanked for a few months right during that time - a perfect storm!
All the positive credit accounts I'd aquired and work I had done to build my young credit over the years since turning 18 had been absolutely crushed. I ended up salvaging a few accounts (but with the credit scars to show for it) and a handful were closed and went to collections.
Althought I get a lot of mail and phone calls from various different accounts, at this point the only one seemingly reporting as a collections account on my credit is Midland Credit Managment.
I'm not sure what to do as a first step here, as I've never dealt with any collections or anything like that before. I'm honestly not even sure what info I should post in order to help you guys help me, aside from who the creditor is?
Original Creditor: Synchrony Bank (Paypal)
Current Servicer: Midland Creit Managment Inc.
Current Owner: Midland Funding Inc.
Current Balance: 6763
Text of the Letter:
Midland Credit management Inc. Has made several attempts to contact you regarding this account. This letter is to inform you that we are considering forwarding this account to an attorney in your state for possible litigation. Upon receipt of this notice please call 800 939 2353 to discuss your options. If we don't hear from you or receive payment by 02 24 2018 we may proceed with forwarding this account to an attorney.
Some possible options:
–pay your full balance of 6763.26
–call to see how you qualify for discounts and payment plans.
Let us help you! Chicago soon attorney our flexible options memo longer be available to you. There still an opportunity to make arrangements with us. We encourage you to call us.
I know I've seen somewhere that you can do pay for delete agreements and all that, but what would be the best course of action at this exact moment for me? I obviously dont want to get sued and I would love to get an agreement set up to where I could have the entire account removed from my credit somehow, but I'm not sure what to do first...?
Any help is GREATLY apprciated!
Based on my experience with Midland Funding aka Midland Credit Management I'd advise paying the debt or they will file a suit if you don't make an arrangement with them, ask them for a PFD I did and they approved it even with making a payment arrangement so long as it was for the full amount and I met the terms of the payment arrangement.
In my case my original debt was with Credit One Bank, who after paying off Midland I contacted Credit One's executive office and they agreed to remove the chargeoff completely from my credit report as they no longer had a vested interest in the account. It took me about 6 months to get all of this done but it is possible, and given your deliquency is also the result of a hardship similar to how mine was you are more likely to have it removed as a goodwill gesture if you resolve the deliquent amount. Just my two cents though.
