Previously my husband would pay Midland $ 20 a month for $ 16k worth of debt from BOA that he defaulted on in 2009 when he divorced. We decided to stop paying a few months last year because it just wasn’t going down and we couldn’t pay more towards it. Long story short, we decided to apply for a mortgage. When we applied, the mortgage broker freaked out. She told us that we couldn’t get the loan if we didn’t call them and set up a payment plan and have three months proof of on time payments. He attempted, but again, Midland wouldn’t budge to set up a payment plan for $ 20 a month. So we started sending $ 20 again. Midland would send us a letter thanking us for the payment, but stating we needed to call to set up a payment plan. They continously denied the $ 20 a month. Last month, they called him out of the blue and said they would agree to a $ 20 a month payment plan. He accepted (verbally) and they sent us a bill. I’m beyond mad about it because $ 20 isn’t going to touch the debt and it would have a higher chance of falling off his credit in 7 years if he didn’t send $ 20 a month. I know they could file judgement, but he already has 4 on his credit and 3 are from Midland. Three have also been paid in full and the fourth we make monthly payments on (Fulton Friedman & Gullace). What do we do? We don’t have resources for a settlement right now. Should we just pay the $ 20 a month for as long as we can? Will Midland PFD (given in the future I may have resources)? Oh, and the so called “mortgage broker” also told us to CLOSE all the credit cards we weren’t using….needless to say, we contacted Mortgage Investors Group who had our best interest at heart. We aren’t able to get a mortgage, as we are cleaning up our credit. Any help/advice would be so much appreciated. I really wanted him to dispute their info on his credit report as I feel Midland is a “shady” company. I am afraid this may open a bigger can of worms since he has agreed verbally to a payment plan.