Will Midland Credit Management Settle Before Court?

The Complete Answer

From 30 Years on the Debt Buying Side.

Midland Credit Management settles cases regularly. Like most debt buyers Midland Credit Management resolves a significant percentage of their lawsuits through settlement before trial. Settlement is often in their interest because litigation is expensive — particularly when a defendant has responded and is raising questions about their documentation.

Engaging with the process strengthens your position. Defendants who respond to the lawsuit and engage with questions about Midland Credit Management’s documentation are generally in a stronger negotiating position than those who do not respond at all. Understanding your position before entering settlement discussions is valuable.

Settlement discussions should follow your response. Engaging in settlement discussions before understanding your position in the case — and before Midland Credit Management has had to account for their documentation — typically produces less favorable outcomes than engaging after you have responded and assessed the situation.

Any settlement should be documented in writing. Before making any payment a written agreement addressing the terms of resolution and the disposition of the lawsuit should be in place. The Midland Credit Management Defense Toolkit covers the documentation issues that inform your negotiating position.