Re: Risk Management and Midland Management...Help!
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Posted by Boadicea
(66.149.179.202) on June 21, 2004 at 18:25:45:
In Reply to: Risk Management and Midland Management...Help! posted by Elizabeth on June 21, 2004 at 18:06:18:
Risk Management is totally bogus. They are what is known as a "tertiary buyer" of the account. Midland bought it from the OC (maybe even were the tertiary buyer from another CA), then Midland sold it to Risk Management. Here's a little secret: Midland doesn't assign debts to anyone to collect on their behalf. They ONLY buy and sell. They CANNOT be a creditor because they never issued the account to begin with, so the only thing they can be is a third-party collector by every definition of the FDCPA. Use Why Chat's SOL letter. You can find a link to Why Chat's site in the "Newcomers" link earlier today. Don't believe a word these con-artists are trying to sell you. Midland sold it to RM because they knew they didn't have enough documentation to legally collect it EVEN IF they hadn't let the SOL expire.
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