Midland Funding Collections

October 28th, 2009 Admin Leave a comment Go to comments

Midland Funding, LLC is an incredibly popular search term. A recent search of Google for “Midland Funding, LLC” showed 2,270,000 results, the first several pages of which were accounts of problems with Midland Funding, LLC and results of court cases.

According to the Better Business Bureau, Midland Funding, LLC, is owned by Encore Capital Group, Inc. and operates in several locations, including San Diego, CA, Phoenix AZ, St. Cloud, MN and Gurgaon, India. The Better Business Bureau has another listing for Midland Funding, LLC in North Carolina, but it reports that location is out of business.

Encore Capital Group, Inc. is a debt collection agency that purchases unpaid debts from credit originators and attempts to collect those debts from consumers. The umbrella company for Midland Funding, LLC, states on its website that it holds integrity, respect, fairness and collaboration as values. Looking through several pages of results for Midland Funding, LLC, however, suggests otherwise.

While many people hold debt collection agencies in contempt, they do provide a legitimate business service by attempting to collect unpaid debt. However, debt collection agencies are required to act within the law, as spelled out in the Fair Debt Collection Practices Act, a federal law enforced by the Federal Trade Commission. Many states have their own debt collection laws, which can differ from the federal regulations, so whenever someone has questions regarding a debt collection agency, it is wise to consult the laws in your state. The Fair Debt Collection Practices Act does allow debt collection agencies to collect money owed to others, within the guidelines under the act. Debt collection agencies, including Midland Funding, LLC, may not harass, threaten or abuse consumers, nor may the use unfair or deceptive practices to collect a debt.

The Encore Capital Group, which lists Midland Funding, LLC as one of its business names, has an A+ Rating from the BBB and is an accredited Business with the BBB since May 2000. This means the Encore Capital Group, Inc. and, presumably, its subsidiaries meet the standards set by the Better Business Bureau. There is no doubt, however, that Google Search Engine Results Pages show complaints against Midland Funding, LLC some 30+ pages deep.

If you have dealings with Midland Funding, LLC, or any other debt collection agency, they must follow the guidelines set forth in The Fair Debt Collection Practices Act as well as in the state in which business is conducted.

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