To delete bad credit from Midland Credit Management you must dispute the mark with the credit bureaus. You can do this by writing a dispute letter or hiring a credit repair company.
If you only have one derogatory item on your credit report I suggest you do this yourself. However if Midland Credit Management is not the only negative mark on your credit then I recommend hiring a credit repair service.
When the bureaus receive your dispute letter and deem it valid they will investigate the disputed listing. They will contact Midland Credit and verify the account is yours, the dates on the account, and the amount of the debt.
If Midland Credit does not verify your account then the credit bureaus must remove the negative mark from your credit. It is not uncommon for business to be unwilling to spend the time and money verifying non collectible debts.
However if the account is verified a credit repair service can really help you. A service will be able to use advanced dispute techniques such as; debt validation, escalated dispute information requests and creditor direct interventions.
In addition a service can take your case to court if it is required. However it is common for investigations to result in the removal of negative marks, regardless of its accuracy.
Who is Midland Credit Management?
Midland Credit Management is a collection agency. They purchase accounts from lenders and other collection agencies.
They have offices in San Francisco, Phoenix and Minnesota. They are a subsidiary of Encore Capital Group which is traded on NASDAQ.
There are rumors that Midland Credit actively pursues judgments. This means they will sue you in civil court to repay the debt.
If this happens it will ruin your credit score, in addition your wages can be garnished. Thus you should act immediately if you get a mark from Midland Credit.
Be cautious because if you decide to pay them it will not remove the mark from your credit. It will change the status but the mark will still be seen as a negative by potential lenders.
In sum respond to a mark on your credit from Midland Credit before it really becomes a problem. You can have bad credit marks erased from your credit report.
For a free credit repair letter to dispute negative credit or for more
credit repair tips or to learn about
credit repair services visit us.
