Dealing with a collection from Midland Credit Management (MCM) can be stressful, but knowing how to dispute it effectively can make a significant difference. Here’s a step-by-step guide to help you navigate the process and increase your chances of success.

1. Request a Debt Validation Letter

The first step in disputing a collection is to request a debt validation letter from MCM. This letter is crucial as it provides detailed information about the debt, including the amount owed, the original creditor, and your rights to dispute the debt¹².

2. Review the Debt Validation Letter

Once you receive the debt validation letter, carefully review it to ensure all the information is accurate. Check for any discrepancies or errors, such as incorrect amounts or unfamiliar creditors. If you find any issues, make note of them.

3. Dispute the Debt in Writing

If you believe the debt is not yours or there are errors in the validation letter, you need to dispute the debt in writing. Send a dispute letter to MCM outlining your reasons for disputing the debt and requesting further validation³. Make sure to send this letter via certified mail to have proof of your correspondence.

4. Keep Detailed Records

Throughout the dispute process, keep detailed records of all communications with MCM. This includes copies of letters, emails, and notes from phone calls. Having a paper trail can be invaluable if you need to escalate the dispute or take legal action.

5. Follow Up

If MCM fails to provide adequate validation or does not respond to your dispute, follow up with them. You may need to escalate the issue by filing a complaint with the Consumer Financial Protection Bureau (CFPB) or your state attorney general’s office⁴.

6. Seek Legal Advice

If you’re struggling to resolve the dispute on your own, consider seeking legal advice. An attorney specializing in debt collection can provide guidance and help you navigate the legal aspects of your case.

The Importance of Debt Validation

Requesting a debt validation letter is a critical step in disputing a collection. It ensures that the debt is legitimate and that you are not being scammed or held responsible for a debt that isn’t yours¹². Debt validation also provides you with the necessary information to dispute the debt effectively and protect your financial rights.

By following these steps and understanding the importance of debt validation, you can increase your chances of successfully disputing a Midland Credit Management collection and protecting your financial well-being.