Midland Credit Management (MCM) and Midland Funding lawsuits can be intimidating and financially devastating. You need an ally, a trusted advocate who can assist you through this process. You need a consumer protection and debt defense attorney on your side. Lately, Chicago Consumer Law Center, P.C. has received numerous calls and questions specifically about Midland Credit Management lawsuits.

Let’s Recap: Who is MCM? Are They the Same as Midland Funding?

MCM and Midland Funding are two separate companies; however, they are both subsidiaries of a debt collection agency based in San Diego, California.

Midland Funding is a company that buys the debt, mostly from credit card issuers, such as Capital One, CitiBank, Synchrony Bank, and others. Midland Funding pays an average of four cents on the dollar of the debt owed to those credit issuers.

Midland Credit Management is the collection arm of the business. As we just explained, Midland Funding buys the debt cheap while MCM acts as their collection agency.

This means that if you’re sued by Midland Funding or Midland Credit Management, there is a lot of room on the table to find an avenue for a favorable outcome with the proper legal representation.

If you have received a letter from Midland Credit Management, you may be seeing MCM or a similar version on your credit report. They may appear on your credit report as any of the following:

  • MCM Credit
  • MCM Midland Credit Management
  • Midland Collections
  • Midland Credit
  • Midland Credit Mgmt Inc
  • Midland Fund
  • Midland Funding
  • Midland Management

Why Did I Get a Pre-legal Notification?

The answer is to scare you into engaging the debt collector without understanding your options or rights. Midland does NOT want to have to spend the time and money to sue you. They’d rather scare you into making their life easier by you picking up the phone, calling them, and paying them in full (even though they bought your debt for about four cents on the dollar, but that’s another story).

Debt Collection Lawsuit Law Firm Chicago

Does It Matter If Midland or a Law Firm Sent the Letter?

If a law firm sent the letter, the debt is in the hands of the law firm, and you should seek competent counsel from a debt defense law firm. The collection law firm is trying to scare you into paying before they go through the time and expense of filing a lawsuit.

If Midland sent the letter, this implies they are using scare tactics to get you to settle the entire debt without fully understanding all the available options.

What Do I Do Now that Midland Credit Management is Suing Me?

If a company sued you for a debt, it’s natural to investigate your options, especially if you’re headed to Cook County Court against Midland, a formidable opponent. It is critical to hire an experienced consumer law attorney to help guide you through this process.

Recently, one of our clients tried to settle on their own for a debt that was in the thousands. Midland Credit Management offered to discount the debt by $20 and a lump sum payment. Luckily, the client called our firm, Chicago Consumer Law Center, and we got the lawsuit dismissed.

How Do I Hire the Right Debt Defense Attorney?

These lawsuits are intimidating and can be financially devastating. You need an ally, a trusted advocate who has experience litigating against Midland. You need a debt defense attorney on your side. Look for a few key things:

  • Experience specifically defending against Midland Credit Management or Midland Funding
  • An attorney that has a proven track record of litigating and not simply settling debt right away. A lot of lawyers claim to be debt collection defense attorneys but they don’t actually litigate. They want you to settle at the drop of a hat (and of course pay them).
  • The firm is also focused on debt collection defense and suing debt collectors. Think of the advantage of a law firm that sues the debt collectors that are suing you.

Remember that you’re paying for a result (getting the case against you dismissed or settled for a very low amount). You’re not paying for a lawyer who doesn’t know how to do this.

  • Most often, firms that offer cheap lawsuit protection employ cheap, inexperienced labor (law students, admins, etc.) to work on your case. Do you want the cheapest doctor operating on you? Think a lawyer or law firm that has to churn through cases to keep the lights on is concerned about you or your specific case? You get what you pay for. Avoid problems with your case and future issues, and hire an experienced consumer protection law firm that will put the law to work for you.
  • Find a fair-priced, hands-on attorney, and be sure to ask what you can expect. For example, will you have a great relationship with the attorney, or just their paralegal and junior associate?

Couple struggling to get ahold of their debt.

Contact Chicago Consumer Law Center, P.C.

Our law firm has a track record of protecting consumer rights and explaining your options to you when a company like MCM or Midland Funding takes you to court. Don’t ignore the lawsuit thinking it will go away. The earlier you contact us, the better, even if a lawsuit hasn’t been filed yet. Know your options and what to expect. Give us a call at 312-858-3240 or complete the form on our website to schedule your free strategy session.

Copyright© 2021. Chicago Consumer Law Center. All rights reserved.

Disclaimer: The information in this blog post (“post”) is provided for general informational purposes only and may not reflect the current law in your jurisdiction. No information contained in this post should be construed as legal advice from the individual author or the law firm, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.

Chicago Consumer Law Center, P.C.
650 Warrenville Road Suite 100
Lisle, IL 60532
(312) 858-3240