How You Can Remove Midland Credit Management from Your Credit

Midland Credit Management is a collection agency and a subsidiary of Encore Capital Group. They collect on credit cards, automobiles, unsecured consumer debt, and telecom accounts.

Encore Capital Group is a huge company that is traded on NASDAQ. Midland Credit Management has locations in Phoenix, Minnesota, and San Diego.

They purchase debts from collection agencies and lenders. They say they try and work with the customer in order to set up a settlement plan.

However there are reports of them frequently trying to use arbitration. In other words they will try to get a judgment placed against you for the debt.

A judgment is a very severe mark that you should avoid if possible. If you have a mark from Midland Credit Management I suggest disputing this mark with the credit bureaus.

You can dispute this yourself or hire a professional credit repair service. A well written dispute letter must be made and mailed to the bureaus.

In this letter you simply give the specifics about the negative mark and the reason that it is incorrect. Then you place this letter in the mail.

If you only have one or two negative marks that you need to have removed then you should dispute these marks yourself. However if you have multiple marks then you should consider a professional firm to dispute them on your behalf.

A credit repair firm will draft the dispute letter for you. They will monitor and keep up with the stall tactics the credit bureaus often use.

Credit bureaus commonly respond to the dispute letter with one requesting more information. This is done in hopes of the individual getting frustrated and giving up on the dispute.

The bureaus must pay for an investigation. The money to pay for this comes straight out of their pocket.

The credit repair companies frequently get the bureaus to hold an investigation faster than an individual can. This is probably due to the companies having credit attorneys that are well versed in credit laws, and the bureaus being fearful of being sued. The bureaus must be compliant with the Fair Credit Reporting Act.

This act made it law that credit bureaus must investigate disputes and delete any listings that are unverifiable or inaccurate.

In sum, the law is on your side and you have every right to dispute the accuracy of any mark on your credit report. You do not have to keep paying the high cost of bad credit.

For a free credit repair letter or to learn about lexington law a professional credit repair service visit us.