Validation of debt transfer is not proven, from LVNV I don't know where this debt is coming from and have not been contacted about it. This is listed on my credit report as potentially negative major derogatory 03/07/2020 is collection yes open date 03/03/2020 payment status Grid code G (collections) I don't know where this debt is coming from as I just received a letter from Midland Credit Management 350 Camino De La Reina Suite 100 San Diego CA 92108 1/16/2020.
Original Creditor Credit One Bank NA for 1,178.53 Dear , Thank you for your recent communication. We have reviewed our records and are writing to provide the following update: We have closed your account and ceased collections. You have no further obligation regarding this account. Please call Consumer Support Services at 877-382-6063 if you have any additional questions. Tim Bolin Consumer Support services
On May 22, 2000 Midland's parent corporation, Encore Capital Credit Group, Inc, acquired all of West Capital Financial Services Corporation. State of Alaska, District of Columbia, et al., v Midland Credit Management Inc. The following describes a government action that has been resolved by either a settlement or a decision by a court or admisnistrative agency. If the matter is being appealed, it will be noted below.
On November 27, 2018 Midland Credit Management Inc. entered into an assurance of Voluntary Compliance/Asssurance of Discontinuance with the State of Alaska and et al. The Assurance settles allegations that the business used illegal tactics to collect unverified debts by failing to verify debt information and failing to properly document debts.
Under terms of the Assurance, the business agreed to provide debt releif and compensation in the amount of $577,783 to District of Columbia consumers, $25,000 to each state for restitution, provide accurate information about valid debts, pay a $6 million penalty to the States, stop debt-reselling for two years, properly oversee and train its agents. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. This action is final.
Also, Sec, 207. [42 U S.C.407] (a) The right of any person to any future payment under this title shall not be transferable or assignable, at law or in equity, and none of the moneys paid or payable or rights exisiting under this title shall be subject to execution, levy, attachment, garnishment, or other legal process, or to the operation of any bankruptcy or insolvency law.
I'm very very exhausted, this is my last round with this mess I made. In other words I will never touch, apply, or even think about a credit card for the rest of my remaining life I got left with my right hand on the bible. Here are the credit cards to not get: Credit One Bank, and a few others I will add to my list later. Once I get out of this I'm never going to touch these cards ever again.