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Who Is Midland Credit Management, Inc. (MCM) and What Can They Do?
Understanding Their Debt Collection Tactics and Protecting Your Rights
If you’ve been contacted by a debt collector called Midland Credit Management, you’re probably wondering who they are and why they’re reaching out about your debt. MCM is a prominent player in the debt-buying industry. They file more lawsuits than any debt buyer in several states. They purchase defaulted debts—often from banks, credit card issuers, and other financial institutions—and then work to collect the outstanding balances from local law firms like Stenger & Stenger, P.C., Mary Jane M. Elliott, P.C., and MCM's own counsel, Elizabeth Smith—she's fair, pragmatic, and easy to deal with when I am involved.
Below is a quick overview of MCM’s role in debt collection and steps you can take to protect your rights.
- Who Is MCM?
- MCM is a debt buyer that acquires unpaid debts at discounted rates.
- After purchasing these debts, they pursue the balance from consumers through lawsuits.
- How MCM Operates
- They first contact debtors by mail or phone, demanding payment on the purchased account.
- MCM then files lawsuits if initial attempts to collect are unsuccessful.
- Safeguarding Your Rights
- Validate the Debt: Under the Fair Debt Collection Practices Act (FDCPA), you can request written verification of the debt to ensure its accuracy before and after they sue you.
- Understand Statutes of Limitation: Each state imposes time limits on how long a debt can be legally collected. MCM’s debt ownership should always be examined.
- Seek Legal Advice: If you’re unsure about the debt’s validity or MCM’s collection methods, consult an attorney or a reputable credit counseling organization. If you have no attorney, www.killdebt.com is an excellent source of videos, how-to techniques, and word templates to fight back and settle the debt without the need for an attorney when applying your own facts and state law.
By knowing who MCM is and how they operate, you can better understand your options and maintain control over your finances. If their claims seem suspicious or if you have questions, remember you have legal recourse and consumer rights designed to protect you. Use us in Michigan and Florida or
www.killdebt.com if you self-represent. Good luck.
