FCNB / Midland Credit Management / Midland Funding LLC
Settlement Offer on Spiegel Debt From 1994 Paid Off Years Ago

I recently received a notice from a collection agency notifying me that I was being offered a "settlement opportunity" to settle a debt. The collection notice was from Midland Credit Management and it stated that the original creditor was FCNB.

I had no idea what this debt was as we paid off our 2 FCNB credit cards (Spiegel and Eddie Bauer) many years ago. I know that these credit cards were paid in full somewhere between 1992-1994 because it was a requirement in order to obtain a mortgage to purchase a home.

I called MCM today and spoke with a representative. I asked him what company this debt was from and he told me it was Spiegel, from March 1994. I explained to him that this was not a valid debt as it was paid in full many years ago. He told me either I could provide proof that the debt was paid or I could submit payment of debt to MCM. I explained that I would be unable to provide proof, since it was 14-16 years ago, he told me that I would then be held responsible for the debt.

Am I going to be forced to pay this company $312, just so my credit is not ruined? Is there some organization that protects consumers from this kind of injustice?

Company: FCNB / Midland Credit Management / Midland Funding LLC
Country: USA
State: Pennsylvania
City: Oaks
Address: P.O. Box 1259
Phone: 8002822644

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