So, you got a letter from PO Box 340, Waite Park, MN? Well, it can mean both bad and good news for you. How? Well, this is bad: it’s from a debt collection business that frequently sues for outstanding accounts. Additionally, you are unable to pay this or any of your debts at this time, which may be causing you significant worry.
And positive news is this letter is unlikely to be a debt collection lawsuit unless you have received an official summons. So, voila! You can easily stop debt collectors.
So, if you’ve been sued by a debt collection business, you might be inclined to ignore it in the hope that it will go away. Avoid this urge. Answering the complaint, even if you’re aware that you owe money, will give you the opportunity to fight back and, perhaps, defeat the litigants.
Let’s look at other facts and ways to stop them next.
N.B The information in this article is not intended to be legal or financial advice; rather, all information, content, and resources are offered for general informational purposes only.
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What Does This “Po Box 340 Waite Park MN” Mean?
Well… fellow readers, what do you think this “PO Box 340 in Waite Park MN” means? Yeah, you guessed it right… An address of our old debt enemyThis is the mailing address of Midland Funding, LLC – Post office box-340, Waite Park, Minnesota. Nevertheless, this address will ensure proof of sending a debt validation letter, which will eventually support your case.
What Is Midland Funding LLC?
So, what is Midland Funding, LLC, or who are they? Midland Funding is a debt buyer and a debt collection agency situated in San Diego, California. Midland collects debts from credit cards, auto loans, personal loans, and banks. This company owns accounts that have been charged off by the original lender and purchases these old debt accounts at a large discount.
What Does Midland Funding Do?
Midland Funding collaborates with collection agencies like MCM to collect on customer finance accounts by writing them letters or by calling them on the phone. If these agencies can’t collect the debts Midland will hire a lawyer to file a debt collection lawsuit eventually. They can also ask the courts to freeze their bank accounts.
How Often Does Midland Funding Sue You?
Midland sues people for debt quite often. They file thousands of lawsuits every month against the people and use those lawsuits to extract money out of the people who are listed in those accounts even if they don’t have the proper documents to prove that. Fun fact, Midland funding LLC only sues for a couple of thousand dollars despite how well- off the person is.
How Garnishment Works on Midland Funding
Before knowing how garnishment works on Midland Funding, you need to know what it is first. Garnishment is when a third party takes a portion of your money from your bank account to settle an unpaid debt. It basically allows the creditor to legally take money directly from the debtor’s account. When someone is sued by a Midland debt collector, he will fail if he does not show up in court. Without any opposition, Midland will gain favor from the judge and can collect debt through garnishment.
Types of Garnishment
There are two types of garnishment to discuss: one is wage garnishment and the other is non-wage garnishment.
- Wage Garnishment: Wage garnishment occurs when Midland Funding obtains a court order to take a portion of your wages to fulfill the debt. In fact, this can happen even before you get aware of it.
- Non-Wage Garnishment: Non-wage garnishment includes attachments of money held in a bank account or income tax refunds. That means Midland Funding can be allowed to take money directly from the debtor’s bank account.
What To Do If You Face Garnishment
If you ever find yourself facing garnishment by Midland Funding Company, here are some ways to protect yourself from them.
- Filing $0 Down Bankruptcy:
An attorney has the knowledge and experience to apply the law to your case. Some bankruptcy attorneys offer affordable payment plans. They can offer 0$ down bankruptcy and with this offer you can start to file for bankruptcy. This will help you to gain the advantage of having some of your debt forgiven. However, 0$ down bankruptcy won’t be completely free at cost. But you may have the chance of lowering the debt fee if you are not that wealthy.
- Selling Your Assets:
When facing garnishment with Midland, selling assets is another option. If you have no money to pay off the debt, you can sell some of your property or other belongings to help stop the garnishment.
- Seeking Help from Legal Aid:
Seeking help from legal aid can also help you to recover from garnishment. Reach out to the person who can come up with a solution that doesn’t involve garnishment. This may require a decent payment for this solution but it can be helpful to get rid of garnishment.
How To Fight Back Against Midland Funding LLC
A debt collection case typically begins when the creditor files a complaint in state civil court, naming you as the defendant. The complaint explains why the creditor is suing you and what the creditors expect in payment. This sometimes includes the amount you owe plus interest, late fines, attorney fees, and court costs. All you can do is fight back against Midland.
Often, the attorney representing the creditor or the creditor themselves will serve you with notice of the case. This means you will receive a copy of the complaint as well as the court summons.
1. Respond To Allegation
First things first: all you have to do is respond. If Midland Funding files a lawsuit against you, read the details and respond quickly to the complaint. Why is responding important? Because many creditors (including Midland Funding LLC) will collaborate with debt settlement firms and customers after suits are filed, it’s crucial to respond.
2. Gather Information and Proof
If Midland files a lawsuit against you, you need to check whether the debt is real. Ask them to give you proof, and then compare the information with what Midland gives you.
3. Establish Defenses In Your Favor
You have to establish all applicable defenses against a collection lawsuit regarding the obligation, check the debt validation, and consider hiring an attorney to have a better chance of a defense in your favor.
4. Send Responses To the Court Immediately
Midland Funding shows up in court in almost every case hoping to get a chance of winning if the defendant does not show up in the hearing. Therefore, you must send a response immediately whenever the court calls for a hearing so that Midland doesn’t get the chance to win by default judgment.
5. Be Aware of Consumer Rights & Protections
You have to know the information about the rights as a consumer when you face a collection lawsuit by Midland Funding LLC. You can take necessary steps for your own protection if needed.
What To Do If You Really Owe The Debt
If the owing-debt scenario is real, then it’s a totally different case. When you owe a certain amount, we normally advise you to contact a debt-settlement business to see if the firm will negotiate with the creditor or to try to bargain on your own.
Take a look at your overall debt owing, since there is a chance that other creditors will file their own lawsuits, so have someone who knows creditor lawsuit risk evaluate your credit report or data for you.
- Contact a Debt Settlement Firm
When debt collectors contact you, you must verify whether the debt truly belongs to you. You should ask them to prove that with a certain amount of information. If it is proven that you owe a debt, then you can either pay or request a repayment plan based on your financial situation. Written proof of the agreement, if they agree to the plan, helps ensure your rights as a consumer are respected in communications between the parties.
- Negotiate a Settlement Yourself
Debt settlement is usually handled by a third-party company, but you can handle it yourself by talking with the collector directly. It can save both time and money to do it yourself. In some cases, you may have to offer the collector a small payment to have the job done faster.
Related Story: All You Need to Know About PO Box 6184 Westerville Ohio
Conclusion
PO Box 340, Waite Park, MN is a mailing address that is used in consumer debt collection cases and relates to consumer rights and protection. Though Midland Funding is a powerful and legitimate company, it must abide by court rules. You should fight back against Midland. Though it can be a hassle, it is worth it. Follow our steps and consider our tips, and I hope this article helped you understand how to deal with Midland Funding, LLC.
- About the Author
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Bhupati Barman is a Co-founder of Mite Art, as well as an Entrepreneur, SEO Optimizer, and Blog Writer, covering a variety of interesting topics.