Midland Funding Pay to delete

[Anonymous]

Hi all,

As I have read a few articles in this forum, does Midland Funding automatically delete the debt when it is paid? I want to give them a call and settle the debt since they have sent me numerous 50% off debt letters and I finally want to get all that sorted out.

One of the worries is that if I pay off the debt with Midland Funding, I heard that it could still stay on my credit report from the original creditor? Is this true? All that I see on my credit report is "Midland Funding" with their account number and such.

Here is what is being reported on the account:

First Reported 07/2015
Original Creditor CITIBANK N.A.

Collection since July 2015

On Record Until Dec 2020

How would I go about convincing Midland Funding to remove the credit item from my report upon settlement?

[thornback]

So you have 2 accounts for the same debt: (1) original chargeoff from Citi and (2) the collection account from Midland.  Is that correct? 

Midland will remove their tradeline only -  the collection account.   

The original chargeoff tradeline from Citi will remain as Midland, the collection agency,  has no abilty or authority to remove it -  only Citi can remove it -- but they won't. 

[Anonymous]

I don't see the Citi account on my credit report at all, I just see Midland Funding - I was just worried that since it said 'Original Creditor: Citi' that it might not be removed because of that - Since it only shows Midland Funding, then I shouldn't have any problems hopefully.

[thornback]

Yes, lucky you. 

Midland will remove after payment - it usually takes about 30 - 45 days for deletion.  Sometimes, they update the tradeline as Paid first, then request deletion on the next reporting cycle -  just wanted to make you aware of that so you don't get upset if you see an update first... 

[Azuieldrago]

I believe they will remove it 2 yrs post DOFD. 

[Anonymous]

Thanks for the response! Much appreciated! I'll contact them on Monday.

[OmarGB9]

Yes they will delete upon PIF or settlement, as long as DOFD is at least 2 years. No need for any letter or confirmation. It's their public policy.

[Anonymous]

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@Anonymous wrote:

Hi all,

As I have read a few articles in this forum, does Midland Funding automatically delete the debt when it is paid? I want to give them a call and settle the debt since they have sent me numerous 50% off debt letters and I finally want to get all that sorted out.

One of the worries is that if I pay off the debt with Midland Funding, I heard that it could still stay on my credit report from the original creditor? Is this true? All that I see on my credit report is "Midland Funding" with their account number and such.

Here is what is being reported on the account:

First Reported 07/2015
Original Creditor CITIBANK N.A.

Collection since July 2015

On Record Until Dec 2020

How would I go about convincing Midland Funding to remove the credit item from my report upon settlement?

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Just wanted to see if you were able to get deleted and did you pay over the phone or via check to midland? TIA in the process of buying a home and this would be major help!

[Anonymous]

@Anonymous  If you can't find a closed Citi account or Charge off on any of your reports, count yourself lucky. Citi may have stopped reporting when they sold the original debt. This happened to me for 2 of my old cards that were charged off. One you take care of the collections, you should be good to go.