Does Midland Credit Management Offer Payment Plans on my Atlantic Credit and Finance account?

Midland Credit Management offers flexible payment options including payment plans. Access your account to set up and manage payment plans, make a one-time payment, view payment history, update contact information, and request email communication.

Unresolved debt can be a significant issue for both consumers and financial institutions, but it doesn’t have to be. Midland Credit Management, Inc. (“MCM”) helps consumers resolve unpaid debts in a way that works for them. Keep reading to find out more about Midland Credit Management and what they do.

Who Is Midland Credit Management?

Q: How Can I Manage My Account Online?

If you want to manage your account MCM or make a payment, you can log into the online portal. To do this, simply enter your MCM account number and the last four digits of your Social Security number.

Q: How Can Resolving Past-Due Debts Help Me?

Carrying debt can make it harder to do all the things you’d like to do. Putting past-due debt behind you eases financial stress and may leave more money every month for you to plan for the future. Resolving your debt can help you save for the goals important to you.

Q: What Is Debt Collection?

Debt collection refers to the process by which a collection agency, like Midland Credit Management, collects past-due debts from consumers who have missed payments on loans or credit cards.

Q: How Do You Pay Collections?

Midland Credit Management accepts most forms of payment including checks, electronic checks (ACH), debit cards, Visa and MasterCard credit cards, prepaid cards, and check by phone. Payments can be made online via the account portal or by mail.

Midland Credit Management is a debt buyer and debt servicing company that was founded in 1953. MCM is a subsidiary of a parent company called Encore Capital Group (“Encore”), which acquired Atlantic Credit & Finance in 2014. Encore also purchased European debt buyer Cabot Financial and US debt buyer Asset Acceptance.

With offices throughout the United States, India, and Costa Rica, Midland Credit Management is one of the largest debt collectors in the United States. By working with consumers to offer better debt repayment options, MCM helps to promote financial freedom for everybody.

What Does Midland Credit Management Do?

Midland Credit Management is a debt buyer and debt collector, which means they purchase unresolved debt from creditors and work with consumers to resolve that debt. MCM also services accounts that were purchased by Atlantic Credit & Finance. MCM’s goal is to help consumers by giving them a better way to resolve their unpaid debts. Once Midland Credit Management has purchased debt, consumers can set up a custom payment plan that meets their needs. Midland Credit Management also created the industry’s first Consumer Bill of Rights, which outlines their commitment to treating consumers right and doing everything they can to ensure everyone has access to reasonable debt repayment options.

Who Does Midland Credit Management Collect For?

Midland Credit Management collects on a wide range of consumer finance accounts, including ones originated by:

Banks
Credit unions
Credit card companies
Loan providers

For example, let’s say you have a credit card that you’ve fallen behind on making payments. Midland Credit Management would purchase your credit card debt for a one-time fee, then work with you to find a solution that allows you to repay that debt.

Midland Credit Management’s Mission, Vision, and Values

Midland Credit Management’s focus is on putting consumers first. Its mission is to create a pathway to economic freedom for every one of its consumers and make that possible by working with these individuals to offer custom solutions. With a consumer-first approach that focuses their debt collection and resolution services on the consumer, account holders can create a custom payment plan that fits their needs. This way, they can resolve their debt without making it difficult to live a happy, healthy life.

Getting Started with Midland Credit Management

When you’re ready to get started with Midland Credit Management, you can either log in to the online portal or call to discuss your debt resolution options.

Logging in to the online portal is as simple as using your MCM account number and the last four digits of your Social Security number. Once you’ve entered your information, you’ll see an overview of your account and your current debt. From here, you can make a one-time payment or create a payment plan.

You can also contact us via web chat or by phone by calling a Midland Credit Management representative at (800) 296-2657 to set up a payment plan or make a payment.

Does Midland Credit Management Offer Payment Plans?

Midland Credit Management is committed to offering better solutions for resolving debt and happily offer payment plans to consumers. If you want to set up a payment plan, you can log in to MCM’s online portal using your MCM account number and the last four digits of your SSN. Alternatively, you can give them a call and talk to one of their representatives about setting up a payment plan.

For one-time payments, you also have the option of making your payment through the mail. If you want to mail your payment, address it to:

320 E Big Beaver Rd., Suite 300
Troy, MI 48083

What Is Debt Collection?

Debt collection is when a collection agency, such as Midland Credit Management, collects past-due debts from consumers who have defaulted on payments, such as those for loans or credit cards. When a debt collection agency purchases your debt, they will contact you to help you set up a repayment plan. Debt collectors can also contact you if you’re an authorized user on a credit card for another person or if you’ve co-signed a loan with someone else. Because Midland Credit Management isn’t the original lender, they can offer borrowers more flexibility when it comes to resolving their debts, such as no interest and fees and smaller payments.

How Do You Pay Collections?

When you are contacted by a debt collection agency, you typically have two options to repay your debt. You can either make a lump-sum payment where you pay off your debt in one large payment. Or, you can work with the collection agency to create a repayment plan. When working with MCM, they can help you calculate a reasonable monthly payment that allows you to repay your debt and handle your living expenses.

How Can I Manage My Account Online?

At Midland Credit Management, they support consumers by making it easier to resolve unpaid debts. If you want to manage your account online, all you have to do is log in to the online portal by entering your MCM account number and the last four of your SSN. Your MCM account number is located on the notification you received in the mail.

How Can Resolving Past-Due Debts Help Me?

Resolving past-due debts may help you reduce your monthly bills. Some of the ways resolving past-due debts can help you include:

Reduce debt: One of the main benefits of resolving past-due debts is reducing your overall debt. By creating a payment plan, you can slowly target debt that is preventing you from gaining financial freedom.
Clean up your credit report: A debt can remain on your credit report for up to seven years. If MCM is reporting your account to the credit bureaus, MCM will request the account be removed from your credit report when you pay off the debt.
Achieve other financial goals: By resolving past-due debts, you may be able to refocus your spending on other areas of your life and focus on new financial goals that are more meaningful to you, such as a vacation, car, or home.
Relieve emotional stress: Living in debt may create a strong mental burden, as it can make it challenging to enjoy certain aspects of life, like spending time with family or partaking in hobbies. Resolving past-due debts may help improve your emotional well-being.

MCM can help you set up a payment plan to resolve past-due debts and earn your financial freedom back.