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Federal Trade Commission : Midwest Recovery Systems, LLC

11/30/2020 | 12:09pm EST
Midwest Recovery Systems, LLC
Last Updated: November 30, 2020
FTC Matter/File Number:

1923042

Civil Action Number:

4:20-cv-01674

Federal Court:
Eastern District of Missouri
Case Summary

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.

Disclaimer

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


© Publicnow 2020
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