NOTICE OF CLASS ACTION LAWSUIT
If you received a collection letter from Midland Credit Management,
a class action lawsuit may affect your rights.
A federal court has authorized the notice. It is not a solicitation from a lawyer.
You are not being sued. The court has directed the notice of class action to:
All natural persons with addresses within the state of New Jersey, to whom, beginning July 20, 2015 through and including April 25, 2016, Midland Credit Management, Inc., sent a Section 1692g initial communication or “LT1Y” letter in an attempt to collect a consumer debt with an original creditor of Capital One, and a current balance of less than $600 at the time the letter was sent, which contained the statement: “We will report forgiveness of debt as required by IRS regulations. Reporting is not required every time a debt is canceled or settled, and might not be required in your case.”
The Court has not decided whether Midland did anything wrong. There is no money available now, and no guarantee there will be. However, your legal rights are affected, and you have a choice to make now:
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Your Legal Rights and Options in this Lawsuit: |
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Do Nothing |
Stay in this lawsuit. Await the outcome. Give up certain rights. By doing nothing, you keep the possibility of getting money or benefits that may come from a trial or a settlement. But, you give up any rights to sue Midland separately about the same legal claims in this lawsuit. |
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Ask to be Excluded |
Get out of this lawsuit. Get no benefits from it. Keep rights. If you ask to be excluded from this lawsuit and money or benefits are later awarded, you won’t share in those. But, you keep any rights to sue Midland separately about the same legal claims in this lawsuit. |
- Your options are explained in this notice. To ask to be excluded, you must act before December 29, 2020.