visit our site http://midlandfundingllc.net for more information on Midland Credit Management.Midland Funding LLC is a collection agency which purchases debts from banks & creditors and then tries to collect them with their own plans and techniques. If you are not sure about the ownership of debts then legally you could ask credit firm to validate your debts. The validation process would help you to get the true picture of debts to determine whether they belong to you or not.

1. Midland
Credit
Management
If you’ve been sued by Midland Funding LLC or have
been contacted by Midland via letter, telephone call,
or had other correspondence with a junk debt buyer-
we want to help you get through this ordeal.

2. Midland Debt
Collector
The rise in consumer complaints over the past few years has led to a much
welcomed update to the Fair Credit Billing Act. This enhancement also tried
to put forth some “fair reporting” rules so that there was a standard. Some
companies were reporting people late if they were just one day late paying a
bill. This is why there are 30 day and 60 day reporting standards to level the
playing field. Credit card companies could also not put rules on merchants
they worked with regarding discounts.

3. Junk Debt Buyers
First Midland is a junk debt buyer (JDB). A JDB is a company, party, or agency that
buys charged off debt for pennies on the dollar. Generally speaking, it will go
something like this. You have a credit card with, we will use Chase, and you can’t
pay and default. After Chase tries to collect from you, sometimes for years, they
decide not to sue and sell your account/debt.
A junk debt buyer will then step in and offer to pay a few cents on the dollar. It can
be anywhere from one cent to ten cents (depending on the age of the debt, if the
debt is being sold for the first time, and the records that are available with the
purchase, and who the original creditor selling the debt is).