Posted by In Midland Funding suing a debtor in federal court, they are acting as if they are the creditor and the debtor is the debtor. There is a very important rule in this scenario. The creditors’ rights are protected and nobody can stop the lawsuits until the debt has been paid in full or there is some other way out.
As the Midland lawsuit is in federal court, the defendants have to go through the legal system. Even though they are doing this, they should be able to get their day in court and defend their case. It is highly likely that Midland Funding will lose their lawsuit. It could be ruled in the debtor’s favor but that ruling would not come from the court, but from the government. The government is going to say that the loans were unsecured, which means that the lending parties are not responsible for anything that happens to the debtor after the loans are paid in full. This could put Midland lawsuit in a bad situation.
The other way that Midland lawsuit could lose is if they fail to get a judgment in the lawsuit. If they simply cannot prove that you owe them money, they do not have a leg to stand on and so they are really at a big disadvantage. There is a solution to this problem and that is to contact us for free case review. We will review your case and help you to understand whether or not you should proceed with Midland lawsuit.
Midland Funding is a very large debt buyer. They have many lawsuits going on all of the time and are very busy trying to collect on those debts. You may feel that you are getting sued by this particular company, but in reality, you are just another debtor trying to pay off your delinquent Midland Credit Cards bills. A good debt buyer attorney will put their expertise to work on your behalf and make sure that you receive the settlement that you deserve.
There are many ways that Midland Funding can harm your financial future, including but not limited to: being sued, getting bad debt collection calls, and having your wages garnished. The main goal of this type of lawsuit is to intimidate people so that they will pay up the money that is owed to them. Some attorneys will even go as far as to say things like “every late payment goes to me”. This is extremely frightening, especially if you are in a tough financial position. It is best to consult with an experienced Midland lawsuit lawyer to get advice on how to proceed with your lawsuit.
Do not be afraid to contact a Midland lawsuit attorney to help you with your situation. There are many that specialize in helping people who are suing others because of a poor financial situation. It is better to take action early rather than later and with a good attorney, you will achieve the results that you want.