Dell collection went to midland . They purchased of oct 2018. Last payment to dell was oct 2017. Been goal long midland everyday or every other day asking them to settled $1500 for $2500 balance. They refused to accept it and said the best they offer is $1931 and I have til end of feb to take it before legal action since my account been prelegal so next step is attorney and lawsuit judge. I Ask them why you wanna go to court and get judgement when I don’t have anything property or any cash at all B.C. $1500 is a loan I got from family please take it but they said they can’t . They said they will document again I can only offer 1500.
Do i do I keep calling but tomorrow is the deadline before they file lawsuit and also deadline for the offer 1931 midland offer?. I don’t know why they won’t take my money rather take nothing and do a lawsuit...just don’t understand (maybe they looking at my credit reporting thinking I can find a loan? Lol
anyome me please help with how do I approach midland to take the offer 1500 B.C. I do not want to ask family for extra loan to pay 1931 and even if I pay that I don’t know if they going to remove it from credit report since it hasn’t hit the 2 years mark since last late payment.
Not really. From their website:
"Effective October 11, 2016 we have updated our credit reporting practices. As a result of these updates we will stop credit reporting on accounts that are both: Paid in Full or Paid in Full for less than the full balance and more than 2 years old based on time since the date of delinquency. Additionally, we will not start reporting on any new accounts if: Payments begin within 3 months of our mailing of our initial notice and Payments are made each calendar month thereafter until the account is Paid in Full or Paid in Full for less than the full balance. We are required to delete our credit reporting trade line 7 years after the original delinquency date regardless of the paid status."