Midwest Recovery Systems, LLC
Last Updated: November 30, 2020
FTC Matter/File Number:
Civil Action Number:
Eastern District of Missouri
The Federal Trade Commission has taken actionagainst a debt collection company that allegedly placed bogus or highly questionable debts onto consumers' credit reports to coerce them to pay the debts. Under a settlement with the FTC, the company, Midwest Recovery Systems (Midwest Recovery), is prohibited from the practice, known as 'debt parking,' and required to delete the debts it previously reported to credit reporting agencies. The FTC allegedthat Midwest Recovery collected more than $24 million from consumers on such debts, largely by debt parking.
Federal Trade Commission published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 17:08:06 UTC