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Who is Midland Funding LLC?

Posted On : Oct-12-2011 | seen (145) times | Article Word Count : 491 |

Encore Capital Group aka Midland Funding LLC, and its role in consumer debt litigation in US courts. Midland Funding LLC

One of the newest trends in the debt collection business is companies that purchase junk debt and pursue collections. This unsavory practice of purchasing old debt for pennies on the dollar and trying to collect the full amount has been a 鈥渃ash-cow鈥?for many companies, including Midland Funding LLC.

Midland Funding LLC is a division of the San Diego, California based Encore Capital Group. Encore Capital Group was a third-party collection agency for over 30 years prior to beginning its practice of purchasing junk debt. Since the change Cheap Heat Jerseys , Encore has watched its profits triple.

As a junk debt buyer, Midland is one of the largest in the industry. Their size has allowed them to purchase over 5 billion in junk debt in 2010 alone. With that size, however, also comes the ability to break the debt collection laws. In 2010 the company filed a consumer debt lawsuit against 517,000 different individuals. This perversion of the court system to enforce bad debts is great for their business Wholesale Udonis Haslem Jersey , but bad for the Defendant. The Defendants in these types of lawsuits may face garnishment or have liens placed against their home and real-property for a debt that is pas. Fake NBA Jerseys China Fake Hockey Jerseys Sale Fake Football Jerseys Fake College Jerseys China Cheap Fake Jerseys Replica Cheap Fake Basketball Jerseys China Cheap Fake Baseball Jerseys From China Cheap Fake Jerseys Online Cheap Fake Jerseys Replica Zach Ertz Youth Jersey