Story perspectives

Midland Credit Projects 600,000 Lawsuits Amid Debt Surge

12/15/2025

Summary

Story summary

Midland Credit Management, a debt-collection company, projects filing over 600,000 lawsuits in 2025, up from 300,000 in 2022.
The rise reflects a $15 billion debt-collection industry, with complaints up from 140,000 to 253,000 in 11 months.
Debt collectors pursue small debts, as they are easier to collect and less likely to trigger bankruptcy.
The CFPB has intensified scrutiny, but proposed regulatory changes could reduce oversight and worsen conditions for consumers.

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Story summary

Midland Credit Management, a debt-collection company, projects filing over 600,000 lawsuits in 2025, up from 300,000 in 2022.
The rise reflects a $15 billion debt-collection industry, with complaints up from 140,000 to 253,000 in 11 months.
Debt collectors pursue small debts, as they are easier to collect and less likely to trigger bankruptcy.
The CFPB has intensified scrutiny, but proposed regulatory changes could reduce oversight and worsen conditions for consumers.