AG Curtis Hill Announces $6M Debt Buying Settlement

  • Written by WBIW

gavelAttorney General Curtis Hill announced today that he has joined 41 other states and the District of Columbia in reaching a $6 million settlement with Encore Capital Group Inc. and its subsidiaries Midland Credit Management Inc. and Midland Funding LLC, which is one of the nation's largest debt buyers.

The settlement also provides full debt forgiveness for 126 Indiana consumers, totaling $160,552, and partial debt forgiveness to 116 Indiana consumers, totaling $214,600.

Debt buying involves buying and selling overdue debts from creditors and other account owners.

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