Peter: Right, right, okay. I do want to move ahead now to actually the full instance which includes kind of been mentioned I think many during the last 12/18 months in this industry and thatвЂ™s Madden vs. Midland. I recently would really like you to definitely simply really quickly explain the situation. A lot of people understand about this therefore I donвЂ™t wish to fork out a lot of the time onto it, exactly what i wish to explore is where weвЂ™re at today. WeвЂ™re recording this on June tenth and I also understand it is a significantly fluid situation, but in the event that you could simply provide us with a small amount of back ground about this.
Brian: definitely, therefore Saliha Madden is really a customer from ny, she took away a charge card with Bank of America, the card ended up being eventually offered to an entity called FIS Card Services.
B of the and FIS are nationwide banking institutions. Ms. Madden defaulted on the stability that was roughly $5,300 and her account had been sold to Midland Funding that is a collections company. Midland informed Ms.Madden that interest had been nevertheless due regarding the account during the exact same price that she accrued whenever she had the first bank card and they also continued to charge her during the price that Bank of America had charged her.