Midland Credit Management Changes PFD process

QuestionsMidland Credit Management Changes PFD process
Lyda Cantwell asked 4 years ago

The purpose of this letter is to make you aware of a recent change to our credit reporting policy.

Effective October 11, 2016:

We have updated our credit reporting practices. As a result of these updates we will stop credit reporting on accounts that are both:

  1. Paid in Full or Paid in Full for less than the full balance; and
  2. More than 2 years old based on time since the date of delinquency

Additionally, we will not start reporting on any new accounts if:

  • Payments begin within 3 months of our mailing of our initial notice; and
  • Payments are made each calendar month thereafter until the account is Paid in Full or Paid in Full for less than the full balance

 

Has anyone else done this? I did go to their site and its also showing. I owe about $ 1K total so I think i am going to go for it as it will delete all items it references now once paid.

 

Nik J

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