Fighting my 3rd/last Collection, Midland.

[dontwearmasks]

I have now been through 2 suits and got some experience under my belt. Midland is the last collection showing for just under $5k.

I want to take care of this and move on. Problem is they are stingy and wont budge on 10% off. They are intent to sue so not surprised. Do they look you up for active/closed cases before filing? I am well prepared when they do file suit... just curious if they see how the last two cases progressed and dismissed, if that's enough for them to not follow through.

I am thinking just wait for the suit to come through, arbitrate, and settle on better terms. Is this the best approach?

[nobk4me]

On 7/25/2021 at 3:28 PM, dontwearmasks said:

I have now been through 2 suits and got some experience under my belt. Midland is the last collection showing for just under $5k.

I want to take care of this and move on. Problem is they are stingy and wont budge on 10% off. They are intent to sue so not surprised. Do they look you up for active/closed cases before filing? I am well prepared when they do file suit... just curious if they see how the last two cases progressed and dismissed, if that's enough for them to not follow through.

I am thinking just wait for the suit to come through, arbitrate, and settle on better terms. Is this the best approach?

I would wait for them to sue.  They may or may not.  If they won't budge off 10% I would not try to negotiate with them further.  If you sound desperate to get this resolved, they will figure you have some reason to clean up your credit, like looking to buy a house.  So they will be less likely to settle on favorable terms and just file suit.  

You have been through 2 previous cases, so you know how to beat them.  

[WhoCares1000]

On 7/25/2021 at 2:28 PM, dontwearmasks said:

 just curious if they see how the last two cases progressed and dismissed, if that's enough for them to not follow through.

 

I doubt they will review past cases before deciding on what to do with this one. In fact, I have a feeling most of those decisions are done my computer rather than any real human and a real human only gets involved when they are needed for something. That is why when you arrive at court, the opposing attorney is a local rental attorney who got the case the night before and usually has no clue what is really going on unless it is straight forward.

[dontwearmasks]

I just received 2nd Notice today. Respond by x/x/21. "We are proceeding with an evaluation of your account and are considering forwarding this account to an attorney in your state for possible litigation".

Its interesting that this collection account was opened in May, 2019... but waited 2 years to take action.

[dontwearmasks]

What is it with PRA and MCM being stingy with lump sum settlements? If Ican just get it down to 50% lump sump with MCM, I'd pay it and avoid this nonsense.

Last week, I settled with Chase. I paid $450 on a $5100 debt. I talked to no one to get the deal. They kept sending offers by mail and every offer the price kept going down. In their offer, the $450 would consider the entire balance settled and further collection efforts would stop. Of course I jumped on it to prevent it from going to collections.

 

[dontwearmasks]

21 minutes ago, dontwearmasks said:

What is it with PRA and MCM being stingy with lump sum settlements? If Ican just get it down to 50% lump sump with MCM, I'd pay it and avoid this nonsense.

Last week, I settled with Chase. I paid $450 on a $5100 debt. I talked to no one to get the deal. They kept sending offers by mail and every offer the price kept going down. In their offer, the $450 would consider the entire balance settled and further collection efforts would stop. Of course I jumped on it to prevent it from going to collections.

 

UPDATE: Called MCM, the agent negotiated down to about 30% off. I made my final offer at 40% of the balance and they declined and I ended the call.

[Butterfly1]

@dontwearmasks I'm fighting MCM too. I go to court next Thursday the 19th. They wouldn't budge for me as well and so apparently they are suing me. However this is my 1st court case. I've filed motion to compel arbitration the end of June. This paat Friday, I received a consent judgment requesting for me to sign to avoid court proceedings. Along with that, they have also filed motion to stay pending arbitration. Any advice would be greatly appreciated.

[noluyozyah]

 

Hi guys! Just read through this thread and need help too! It was from synchrony bank and now midland has the account. They sent me 2 pre legal letters so far and honesty don’t know what to do. I read about arbitration but does it really work? The amount owed is around $14,000. How should i proceed? Should i send something about arbitration or should i wait to go to court? Also made the mistake where i did speak to them and they are manipulative, threatening, and use foul language - wrote down everything just in case i need it.

[BV80]

5 hours ago, noluyozyah said:

 

 

Hi guys! Just read through this thread and need help too! It was from synchrony bank and now midland has the account. They sent me 2 pre legal letters so far and honesty don’t know what to do. I read about arbitration but does it really work? The amount owed is around $14,000. How should i proceed? Should i send something about arbitration or should i wait to go to court? Also made the mistake where i did speak to them and they are manipulative, threatening, and use foul language - wrote down everything just in case i need it.

In order for us to focus on your situation and not confuse it with the original poster of this thread, please start your own thread.