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 have little damage to your credit report then I suggest you repair your credit yourself. However if you have multiple negative marks on your report then it would be wise to hire a company.
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 the account can not be verified then the mark must be removed from your credit report. It is common for business to not verify accounts because it costs them time and money.
However some accounts will be verified and this is when a credit repair company can be handy. They can use advanced dispute techniques such as; escalated dispute information requests, creditor direct intervention and debt validation.
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?
They are a collection agency. They buy accounts from other collection agencies and directly from lenders.
They have offices in San Francisco, Phoenix and Minnesota. They are a subsidiary of Encore Capital Group which is traded on NASDAQ.
Midland Credit has a reputation for pursuing judgments. This means they will file a civil case to find you legally responsible to pay back a debt.
If a judge finds in their favor and places a judgment against you then you can have your wages garnished and your credit score will drop dramatically. If you get a mark from Midland Credit you should respond immediately to avoid a judgment.
Be aware that just paying them will not remove the mark from your credit. It will change the status of the mark but will do very little to help your credit score, it is still a negative mark.
In sum, if you have a mark from Midland Credit you should act today. Do not ignore this mark as it can become worse.
If you have little damage to your credit report then I suggest you repair your credit yourself. However if you have multiple negative marks on your report then it would be wise to hire a company.
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 the account can not be verified then the mark must be removed from your credit report. It is common for business to not verify accounts because it costs them time and money.
However some accounts will be verified and this is when a credit repair company can be handy. They can use advanced dispute techniques such as; escalated dispute information requests, creditor direct intervention and debt validation.
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?
They are a collection agency. They buy accounts from other collection agencies and directly from lenders.
They have offices in San Francisco, Phoenix and Minnesota. They are a subsidiary of Encore Capital Group which is traded on NASDAQ.
Midland Credit has a reputation for pursuing judgments. This means they will file a civil case to find you legally responsible to pay back a debt.
If a judge finds in their favor and places a judgment against you then you can have your wages garnished and your credit score will drop dramatically. If you get a mark from Midland Credit you should respond immediately to avoid a judgment.
Be aware that just paying them will not remove the mark from your credit. It will change the status of the mark but will do very little to help your credit score, it is still a negative mark.
In sum, if you have a mark from Midland Credit you should act today. Do not ignore this mark as it can become worse.
