Attorneys general from 41 states, including Georgia, and the District of Columbia announced Tuesday they have reached a settlement, including a $6 million cash payment, with Encore Capital Group Inc., one of the nation’s largest debt buyers, and its subsidiaries Midland Credit Management Inc. and Midland Funding.
Georgia Attorney General Chris Carr said Tuesday the settlement requires Midland to eliminate or reduce the judgment balances of approximately 5,136 Georgia consumers, a reduction totaling $8.73 million. The affected cases are those in which Midland used an affidavit against the consumers in court between 2003 and 2009, Carr said. Midland is to notify impacted consumers by mail of the balance reduction and alert them that no further action is necessary from the consumer, Carr said.
