Midland Credit Management, Inc. (MCM) is a subsidiary of the publicly traded company Encore Capital Group (NASDAQ: ECPG). Founded in 1953, MCM is a market leader in the acquisition and management of portfolios of defaulted consumer receivables. The company's business model involves purchasing charged-off debt from original credit issuers, such as banks and credit card companies, at a significant discount. MCM then works directly with consumers to recover the outstanding balances through various collection strategies, including customized payment plans. Their stated mission is to help consumers restore their financial health and create pathways to economic freedom.

Founded in

United States