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Posts Tagged ‘Midland Funding LLC’

Midland Funding LLC Agrees to Settle Lawsuit by Minnesota Attorney General

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…

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Boom in Debt Buying Fuels Another Boom in Lawsuits

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.


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