Posts Tagged ‘Midland Funding LLC’

Midland Funding LLC Agrees to Settle Lawsuit by Minnesota Attorney General

By K&S on December 13th, 2012 | 5 Comments

Posted in: Debt Collection Methods, Debt Collectors
Tags: attorney general, lawsuit, Midland Funding LLC, robo-signing

Debt buyer Midland Funding LLC agreed to pay Minnesota $500,000 to settle a lawsuit filed last year by Minnesota Attorney General Lori Swanson. The lawsuit accused the company of robo-signing affidavits in collection lawsuits and sometimes targeting the wrong people for payment of debts it bought from banks and credit card companies. Midland Funding, a…

Boom in Debt Buying Fuels Another Boom in Lawsuits

By K&S on November 30th, 2010 | 3 Comments

Posted in: Debt Collection Lawyers, Debt Collectors
Tags: Asset Acceptance Capital Corp, Asta Funding Inc, court, debt, Encore, lawsuit, Midland Funding LLC, Portfolio Recovery Associates Inc

Roughly 94% of collection cases filed against borrowers result in default judgments in favor of the debt buyer, according to industry estimates. The majority of borrowers don’t have a lawyer, some don’t know they are even being sued, and others don’t appear in court, say judges.