How does Midland Credit Management work?
Midland Credit Management purchases portfolios at highly discounted rates. In fact, the company buys them at a price much lower than their face value by using proprietary valuation process. This valuation process is actually developed on the basis of the underlying accounts’ consumer attributes. After purchasing the receivable portfolios, the company applies different collection strategies in order to maximize the returns on their investment. Midland Credit management purchases those receivable portfolios which contain unsecured consumer debt. The company generally buys such portfolios from retail credit corporations, major financial institutions and also from the resellers of receivable portfolios.
