Midland Credit Management (MCM) also known as Midland Funding and MCM Capital is a subsidiary of Encore Capitol Group, Inc. Midland is a collection agency which purchases portfolios of defaulted consumer debt from banks, credit unions, utility providers, as well as many others at a severe discount. In 2011, Encore Capital paid $386.9 million, to […]
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LVNV Funding, a subsidiary of Sherman Financial Group, is a collection agency that, through its subsidiaries and affiliates, originates, purchases and services all types of consumer debt in the United States and Mexico. LVNV Funding purchases consumer debt owned by banks, finance companies, and other debt buyers at an average of 3 cents on the
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You’re sitting at home having dinner with your family when the phone rings. Who can it be? It’s your local, neighborhood debt collector demanding payment from you on a past due debt. Dinner ruined… No one likes receiving annoying calls from collection agencies, they almost always seem to call at the wrong time and can
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A foreclosure proceeding is a proceeding to extinguish all rights, title, and interest of the owner of a property in order to sell the property and satisfy a lien against it. As we all know residential mortgage loan payments are due on the first day of each month, with a grace period thought the 15th
What is a repossession? A Repossession (Repo) refers to a financial institution (Bank) taking back an object that was used as collateral in a loan. A repossession is an action in which the party having the right of ownership (Bank) of the property in question (Vehicle), takes the property back from the party which has
