| Midland Credit Management is a collection agency and | | | | marks you will be better suited to dispute these marks |
| a subsidiary of Encore Capital Group. They collect on | | | | yourself. |
| credit cards, automobiles, unsecured consumer debt, | | | | A credit repair service will compose the dispute letter |
| and telecom accounts. | | | | on your behalf. Then they will track and monitor and |
| They are located in Minnesota, Phoenix, and San | | | | cut through the stall tactics that credit bureaus engage |
| Diego. Encore Capital Group the parent company is | | | | in. |
| even traded on NASDAQ. | | | | It is frequent for credit bureaus to respond to a dispute |
| They purchase debt from creditors and other | | | | letter by asking for more information about the dispute. |
| collection agencies. They claim to work with the | | | | The bureaus do this in an attempt to frustrate the |
| customer to set up re-payment plans or lump sum | | | | individual into giving up on the process. |
| settlements. | | | | The bureaus want you to give up on the process |
| However other individuals state that they often uses | | | | because otherwise it will cost them money to |
| arbitration. This means they will try and get a court to | | | | investigate a dispute. This money would otherwise be |
| place a judgment against you for the account they are | | | | profit for the credit bureaus. |
| trying to collect on. | | | | The credit repair companies frequently get the |
| A judgment is a very severe mark that you should | | | | bureaus to hold an investigation faster than an individual |
| avoid if possible. If you have a mark from them I | | | | can. This is probably due to the companies having |
| suggest disputing this mark with the credit bureaus. | | | | credit attorneys that are well versed in credit laws, and |
| A dispute can be done yourself or if you prefer you | | | | the bureaus being fearful of being sued. |
| can hire a professional firm to do it for you. A dispute | | | | The bureaus must be compliant with the Fair Credit |
| letter must be written and sent to the credit bureaus. | | | | Reporting Act. This act made it law that credit bureaus |
| In the dispute letter you must provide the details about | | | | must investigate disputes and delete any listings that |
| the negative listing and why it is incorrect and should | | | | are unverifiable or inaccurate. |
| be removed. Then you must mail this letter to each | | | | In sum, your elected officials have put laws in place to |
| credit bureau. | | | | protect your rights. You do not have to live with bad |
| If you have multiple negative marks on your credit | | | | credit, it can be removed and your credit score can be |
| report then you should consider a professional credit | | | | repaired. |
| repair service. However if you only have one or two | | | | |