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17 Dec 2017, 3:28 pm by Wolfgang Demino
Since the article blames Midland’s lawyers for their subpar performance (without naming them, of course, see Google Scholar version of the Madden opinion, if interested in their identity), and since it unabashedly promotes the vested interests of the banks and financial industry in maximizing extraction of money at high rates of interest from people that have fallen on hard times and cannot pay their debts, it seems only appropriate – in the interest of fairness and balance – to… [read post]
12 Nov 2017, 12:25 pm by Wolfgang Demino
Sometime after the debt became time-barred, Midland Funding, Inc. bought the debt for pennies on the dollar.[1] It contracted with Midland Credit Management, Inc. [read post]
12 Nov 2017, 12:25 pm by Wolfgang Demino
Sometime after the debt became time-barred, Midland Funding, Inc. bought the debt for pennies on the dollar.[1] It contracted with Midland Credit Management, Inc. [read post]
6 Nov 2017, 6:03 pm by Kevin LaCroix
Citing the policy’s exclusion “for Loss on account of any Claim … arising from … any fees or charges,” the Southern District of Indiana, applying Mississippi law, dismissed the bank’s complaint for failure to state a legally viable claim. [read post]
5 Nov 2017, 6:02 am by Wolfgang Demino
In a 2013 enforcement action against Midland, its servicer, and its parent company, the Texas Attorney General averred that the price Midland pays is 3.3% of the face value of the debt.Excerpt from State's Amended Original Petition in Cause No, 2011-40626 - STATE OF TEXAS (ACTING BY AND THROUGH ATTORNEY GEN vs. [read post]
5 Nov 2017, 6:02 am by Wolfgang Demino
In a 2013 state AG enforcement action against Midland for illegal debt collection practices, its servicer, and its parent company, the Texas Attorney General averred that the price Midland pays is 3.3% of the face value of the debt.Excerpt from State's Amended Original Petition in Cause No, 2011-40626 - STATE OF TEXAS (ACTING BY AND THROUGH ATTORNEY GEN vs. [read post]