Restarting Statute of Limitations

Restarting Statute of Limitations

What is the statute of limitations? The statute of limitations is the length of time a debt collector can take legal action for a defaulted debt that has not been repaid. Legal action is generally the last course of action a debt collector wants to take, especially if...
ITT Settles Student Loans

ITT Settles Student Loans

What is ITT Educational Services Inc.? ITT Educational Services Inc. is a trade school related to Educational Services. They ended up setting their student loan problem with the Consumer Financial Protection Bureau (CFPB).  ITT Educational Services Inc. filed for...
What is a FICO score?

What is a FICO score?

What is a FICO score? The Fair Isaac Corporation invented the FICO score a few decades ago, which makes it easy for lenders to gauge the risk of a possible consumer. The lender can vary from an auto dealer to mortgage. With just a quick glance to the three-digit...
Two Plaintiffs Sue Midland and Fail

Two Plaintiffs Sue Midland and Fail

In 2020, two plaintiffs tried to sue Midland and then failed in the Trichell VS Midland credit management. Midland credit management is another entity of Encore, similar to Midland funding.  Background to the case The first plaintiff, John Trichell, defaulted on...
CFPB sues Midland: Again

CFPB sues Midland: Again

What is Encore and Midland funding? Encore Capital Group Incorporated is the ‘mother-ship’ of Midland funding. Encore is based out in Delaware but has business deals in San Diego, California Midland funding LLC. Most businesses register in Delaware for tax...