Central Portfolio Control on Your Credit Report? Fight Back and Win

Is Central Portfolio Control contacting you about unpaid debt? If so, you are not alone. CPC, also known as CPC Collections, is known to contact thousands of consumers every year. The worst part is you may not even owe a debt. It’s common for credit reporting errors to lead to falsely attributed debt.

Keep reading to learn about Central Portfolio Control and how to get the debt they are pursuing from you removed from your credit report. 

What Is Central Portfolio Control?

Based in Minnetonka, Minnesota, Central Portfolio Control is a third-party debt collection agency pursuing debts for a variety of different companies. Central Portfolio Control was established in 1998.

Per their website, they claim to be “consumer-focused” with “an empathetic approach to recovering accounts.” They are a nationally licensed collection agency, and their website heavily emphasizes this fact. Central Portfolio Control attempts to come off as a “nice guy,” but all debt collection agencies have one real goal: acquiring money from unwitting consumers.

Spotting the Fakes: Is Central Portfolio Control a Legitimate Company?

Yes, Central Portfolio Control is a legitimate debt collection company. You may confuse this agency for a scam when you receive repeated calls asking for money, or calls from various area codes from them. However, you shouldn’t outright ignore Central Portfolio Control. You may owe a debt to one of their many clients, and ignoring them will not make their calls stop.

There’s a chance that you don’t owe the debt they are pursuing from you. It's common for creditors or debt collection agencies to make reporting errors. This is especially true when third-party companies purchase debts from other creditors, losing vital client information in the shuffle of files from one company to another.

Either way, it’s helpful to be aware of Central Portfolio Control if they are contacting you. Here is Central Portfolio Control’s current contact information:

• Phone Number: (952) 215-0412
• E-mail Address: centralportfolio@cpcrecovery.com
• Address and Location: 10249 Yellow Circle Drive, Suite 200, Minnetonka, MN 55343

If you’re being contacted by anyone claiming to be Central Portfolio Control, but the phone call isn’t coming from the above phone number it may still legitimately be them. Debt collection agencies are allowed to utilize numerous phone numbers to contact consumers they believe to be delinquent on a debt.

Who Does Central Portfolio Control Collect For?

Most debt collection agencies are tight-lipped about who they collect for. While CPC Collections doesn’t explicitly specify which companies they work with, they give some insight into the industries where the debts are coming from.

According to CPC’s website, they collect for creditors in various industries, including:

• Automotive
• Commercial entities
• Construction
• Credit cards
• Equipment lending
• Homeowner associations and Mortgage Lenders
• Student Loans

Why is Central Portfolio Control Calling Me?

If you have a loan resulting in an outstanding debt from any of the industries listed above, it’s likely that your debt was purchased by CPC. Now, they’re attempting to collect money from you in the hopes of turning a stiff profit. Debt collectors usually call repeatedly and can be unrelenting. CPC Collections might also send emails or letters to your residence. 

In some instances, credit agencies falsely report a consumer as owing a debt. You should always verify the debt as valid and collectible before making any payments.

Common Credit Reporting Errors

Unfortunately, it’s relatively common for credit agencies and debt collection companies to falsely attribute debt to a consumer. But you don’t have to pay the debt if it’s not really yours. Here are some of the most common credit reporting errors:

• Identity theft 

With the prevalence of our personal information being shared all over the Internet identity theft is a common issue nowadays. An identity thief could easily take a loan out in your name. You may be unaware of this until you receive correspondence from a debt collection agency. In this case, you should not have to pay the debt and need to fight it. 

• They’re targeting a client with a similar name

There could be a data management mistake and the debt actually belongs to someone with a similar name or a variation on the spelling. 

• Your account has been closed or, you thought that it was!

Some debt collection agencies take advantage of consumers and lie about their account status. In reality, the account is still open in their system, and they are charging you for a debt you already paid.

• The debt was marked as late or unpaid 

The debt may actually belong to you, and you already paid the debt on time. This is another common data management error consumers run into with debt collection agencies.

How To Get Central Portfolio Control Removed From My Credit Report?

Dealing with Central Portfolio Control or any other debt collector can leave a bad taste in your mouth. More than that, it can hinder your chances of getting a loan in the future. Fortunately, there are ways to remove CPC Collections from your credit report. 

Double Check Your Credit Report for Accuracy

Check your credit report for any charges that seem suspicious or are unfamiliar to you. If there are charges from Central Portfolio Control, follow the next steps.

Dispute any Errors

It is within your rights as a consumer to file disputes over inaccurate information on your credit report. Errors must be removed from your report so you don’t face consequences such as lower credit scores. Contact Fair Credit today, we can dispute errors on your behalf and get them removed from your report.

File a Complaint with the Better Business Bureau (BBB)

According to their Better Business Bureau page, Central Portfolio Control has received 99 total complaints in the past 3 years. Consumers have left scathing reviews about unfair practices such as:

• Debts have continued to be posted to their credit reports after being paid 
• Debts affecting their ability to get a home ownership loan

Especially in today’s market, this malpractice can be life-changing. Another consumer reported to the Better Business Bureau that CPC Collections went so far as to contact their employer. Other complaints include:

• Central Portfolio Control not answering return phone calls
• Incessantly calling and harassing about debts owed
• Not explaining where the debt originated from

If you are experiencing harassment at the hands of Central Portfolio Control you may want to seek legal advice and help in dealing with them.

Work With A Trusted Team to Negotiate A Settlement

Before you make a move to pay off your debt, get expert advice. The last thing you want to do is pay off a debt that isn’t rightfully yours or is past the statute of limitations for collection. Furthermore, if they are contacted on behalf of a consumer client, debt collectors have to talk to legal entities.

Speak With Fair Credit Today

Our attorneys at Fair Credit are dedicated to helping our clients face debt collection agencies. Whether you truly owe a debt or are the victim of false credit reporting, you’re not alone and we can help. Get in touch today with the Fair Credit team for a free consultation.