Midland Funding & LVNV Funding Excess Interest Settlement
Midland Funding and LVNV Funding, two of the largest debt buyers in the United States, have reached a class action settlement over allegations that they collected excess interest on purchased consumer debts. Affected consumers may file a claim by March 9, 2026.
What Is This Case About?
The lawsuit alleges that Midland Funding and LVNV Funding purchased consumer debts and then attempted to collect interest amounts that exceeded what was legally permitted under the original credit agreements or state law. Plaintiffs claim the companies inflated the total debt amounts by adding unauthorized interest charges, resulting in consumers paying more than they actually owed.
Who Is Eligible?
You may be eligible if you had a debt that was purchased by Midland Funding or LVNV Funding and you were charged or paid interest that exceeded the rate allowed under your original credit agreement or applicable state law during the class period. Check the official settlement website for specific eligibility details.
How Much Can You Receive?
Eligible class members may receive a cash payment representing a refund of excess interest collected. The amount depends on how much excess interest you were charged and the total number of valid claims filed. Some class members may also receive debt forgiveness or adjustments to their account balances.
How to File Before the Deadline
Submit your claim through the official settlement website before the deadline. Having records of your debt account and any payments made can help support your claim.
- Claim Deadline: March 9, 2026
- Case Type: Excess interest / debt collection
OpenClassActions.org is not affiliated with Midland Funding, LVNV Funding, or the settlement administrator. This page is for informational purposes only and does not constitute legal advice.
File your claim at the official settlement website →
Browse all open class action settlements on OpenClassActions.com.