What should I do with this Midland account???

Anonymous · ‎04-15-2015

I have a Midland account that will age off my credit report in March 2016. It for a rather large amount over $8K so I cannot afford to do a PFD at this time for it. What is the best way to handle this account. Should I bite the bear and try to do payment arrangements with Midland. It seems from other forum posts they are tough to neogiate with.

RobertEG · ‎04-15-2015

Has your state SOL also expired?

Are you considering payment even if the SOL has now expired?

Anonymous · ‎04-15-2015

Honestly, I am still a little fuzzy on how to calculate the SOL on my accounts. The DoFD is 9/2009... I live in Indiana so I think it the SOL is 10 years.. I am sorry I am not sure how it all works.

RobertEG · ‎04-15-2015

States set differing periods dependent upon the type of debt and contract that created the debt.

Is this a credit card debt, based on a written contract, promissory note, etc?

Anonymous · ‎04-15-2015

It is an old Household finance personal loan..so a written contract...??

gdale6 · ‎04-15-2015

@Anonymous wrote:
It is an old Household finance personal loan..so a written contract...??

Yup