One of our customers recently asked about a collection agency named midland credit management, or “mcm”, who is threatening to place a judgment on her credit if she doesn’t settle the account. Here is her question verbatim:
What is midland, any way? They are trying to collect on something that is over 10 years old telling me i still owe 700.00 dollars and my payment arrangements need to be updated. They also threatened to get a legal judgment against me.
What do I do, now?
First, a collection agency cannot unilaterally place a judgment against you. They need a court to officially enter a judgment.
Second, to obtain a judgment against you, they would need to file a lawsuit in the appropriate county and then follow through to prove that you legally owe the debt.
Third, perhaps you don’t even have a legal obligation to pay the debt. Consider checking out the statute of limitations. Most credit card statute of limitations are between 4 and 6 years. (that is extended if you have been making payments all along)
Fourth and finally, the odds are that they wouldn’t follow through with a judgment for a $700 debt. The costs of obtaining the judgment outweigh any value that it may bring.
So, I would rest easy on this one. For more about how to remove collections or other negative items from your credit report – call 1-800-230-1954 and get a free credit consultation.
Tags: get judgement off credit, midland judgement on credit, midland mcm judgment