Midland Funding is a company that buys unpaid debt, reports the company's website. Midland Funding purchases accounts that are more than six months delinquent and have an unpaid balance, as well as accounts in which a consumer has paid less than the monthly minimum payment. For its customers, Midland Funding offers payment plans and possible discounts on debt owed. A customer must log into his account to see available payment options.
Midland Funding allows customers to pay online using a debit, credit or prepaid card, explains the company's website. Customers can also pay via phone using additional payment methods such as MoneyGram, bank wires, check-by-phone and Western Union. Customers can talk to a payment counselor to figure out a payment option before making the first payment.
By registering online, customers can view account details such as the original creditor, the account opening date, the payment history and the account balance, according to Midland Funding. Customers can also view the next payment's due date. Registering for an account does not imply that the registrant is committing to make payments on a debt.
Midland Funding owns debt obligations, while its affiliate company, Midland Credit Management, is a debt collector, states the company's website.