This article may contain links to help support this website.
If you have recently received a phone call from 888-351-0838 as known as Central Portfolio Control (CPC), it’s likely an attempt to reach you regarding an unsettled account under your name.
As a third-party collection agency, CPC works on behalf of its creditor partners to recover overdue debts. However, this agency is limited in the amount of information it can disclose over voicemail or messages due to regulations governing debt collection.
Keep hope if Central Portfolio Control has contacted you regarding an outstanding debt or has gotten a debt collection lawsuit. You are entitled to certain legal rights and protections when dealing with debt collection agencies.
3 Option for you NOW
1) Credit Score ANY – Is The Portfolio Control Debt Valid?
This can be for anyone with a credit score below 550 or above 550, but have you confirmed that this debt is a valid debt? Who is the original creditor? If you know that this debt is not yours, you can force the firm to validate the debt.
You can hire an attorney, do this yourself, or can use Solosuit below for a small fee to force the creditor to validate that the debt is yours.
2) Credit Score Below 620 – Do you need debt relief from Portfolio Control?
Many people cannot afford the debt, and do not want to WAIT TO BE SUED for the unpaid debt, so they would like to get ahead and find debt relief option that work with their budget.
If this is you, consider taking the free debt relief calculator that considers your income and your debt to provide debt relief option that you can compare.
3) Credit Score Above 620 – Can You Settle with Portfolio Control?
Are you in a position where you could get an unsecured debt consolidation loan that you can use to help settle this debt and potentially other debt that is in collections. Here’s 2 different options that you can check your rate without affecting your credit.
What is Central Portfolio Control?
Central Portfolio Control is a collection agency that offers top-notch recovery services to clients. CPC works with a variety of creditors, including credit card issuers, medical providers, and utility companies, to recover outstanding debts from consumers who are past due their payments.
CPC’s debt collection services include finding consumers who have moved or changed contact information, tracking and reporting on collections, and offering litigation services.
Contact Details
If you need to contact Central Portfolio Control, you can do so through the following contact information:
Central Portfolio Control, Inc.
12000 Industrial Blvd
Minnetonka, MN 55343
Phone: 1-800-834-2147
Fax: (952) 400-4777
Website:
https://ww.centralportfoliocollection.com/
You can also send a message to CPC by clicking on the “Contact Us” link in the top right corner of their website’s homepage.
Central Portfolio Control History
Central Portfolio Control was founded in 1998 and specializes in collecting consumer debt, including credit card, medical, and utility bills. The agency is based in Minnetonka, Minnesota, have implemented policies and procedures to ensure successful debt collection.
Over the years, CPC has faced several complaints and legal actions related to its debt collection practices. Despite these legal challenges, CPC continues to operate and provide debt collection services to clients across the United States.
Central Portfolio Control Reviews
Over the years, Central Portfolio Control has faced several complaints and legal actions related to its debt collection practices. In 2011, the Consumer Financial Protection Bureau (CFPB) ordered CPC to pay $1 million in fines and penalties for allegedly using illegal debt collection tactics.
The company has been sued before, including in 2019 when it was accused of violating the Fair Debt Collection Practices Act by contacting consumers at inappropriate times and using abusive language.
Google Reviews
Based on Google Reviews, Central Portfolio Control has received 783 reviews and has a 4.7 rating, which is high compared to most debt collection agencies. Most of the complaints were regarding its debt collection practices. The complaints suggest that the company needs to provide more information to consumers or follow proper notification procedures.
In one complaint, the consumer needed more information to verify their medical debt, which suggests that CPC may need to provide adequate written notification about the debt.
In another complaint, the consumer alleges that Central Portfolio Control talked to a third party about their debt, which could be a violation of privacy laws.
BBB Reviews
Central Portfolio Control is accredited by the Better Business Bureau. There have been 102 closed complaints in the last three years, 47 of which were resolved in the last year.
These complaints include multiple calls regarding the debt, inaccurate credit bureau reporting, incorrect debt amount claims, failure to verify obligations, failure to provide documentation after settling, and other Fair Debt Collection Practices Act violations.
Other Reviews
The above reviews are encouraging for a debt collection agency. However, it is not all roses with Central Portfolio Control. Therefore, you are not alone if you are frustrated with CPC’s services.
CPC has been reported for contacting consumers at unusual hours, threatening to arrest and seize property without a warrant, using profane language, and making false allegations. If CPC violates the debt collection guidelines, you can use it as evidence in court within one year.
How To Stop Central Portfolio Control
Dealing with debt collectors like Central Portfolio Control can be a frustrating and stressful experience. Their calls may come at all hours of the day and night, leaving you feeling on edge and anxious. In this guide, we’ll explore the bursty process of stopping Central Portfolio Control’s calls, which will bring you one step closer to relieving yourself of the constant strain and stress caused by debt collectors.
1. Utilize an 11-Word Phrase to Stop the Calls
When you find yourself on the receiving end of endless phone calls from debt collectors such as the Central Portfolio Control, it can be a perplexing and anxiety-inducing experience. Nevertheless, there is a simple yet potent solution at your fingertips. By deploying an 11-word phrase, you can put an immediate halt to the Central Portfolio Control’s harassment and regain authority over your personal space.
This miraculous phrase goes as follows: “I kindly request that you immediately cease all communication with me regarding this debt.”
This powerful statement conveys your rights as a debtor and enables you to effectively put an end to the persistent phone calls from the Central Portfolio Control. With this bursty approach, you can reclaim your peace of mind and enjoy a stress-free existence free from the stresses of dealing with debt collectors.
2. How to Make Central Portfolio Control Validate Your Debt
If you receive a call from the Central Portfolio Control, it’s important to verify their legitimacy before validating your debt. If you’re uncertain about the debt, send a Debt Validation Letter requesting proof of its validity. Additionally, check your credit report to determine if the debt is listed. By taking these bursty steps, you can ensure that you’re not being pursued for a debt that you don’t owe and take necessary steps to resolve the issue.
3. Confirm Debt Is Within Statute of Limitations
Did you know that there is a statute of limitations on debts? This predetermined period limits the time during which a creditor or debt collector can sue a debtor to recover their debt. If the period expires, then the creditor or debt collection agency cannot take any legal measures to recover the debt.
The majority of debts have a limitation period of six years from the debtor’s last payment or acknowledgement of the debt. However, the duration varies depending on the type of debt. For instance, mortgages have a longer time limit, and the lender has six years to recover the interest and 12 years to recover the principal amount after repossession.
It’s important to note that your debt does not disappear when it becomes statute-barred, meaning your lender cannot take legal action to recover the debt. Your debt continues to exist, but you cannot be sued for it.
A debt is considered statute-barred if the debt holder(s) have not made any repayment towards the outstanding debt, the debtor(s) and their representation have not acknowledged the debt, and the creditor has not taken legal action to recover the debt.
To determine whether your debt is statute-barred, check the date of your last payment and calculate if it is still within the statute of limitations. If your debt falls within the limitation period, it’s essential to collect information on the debt and develop a repayment plan. On the other hand, if the debt is statute-barred, you can use it against your lender in court.
4. Resolve the Debt
If you confirm that the debt is within the statute of limitations, there are two ways to resolve it: settling or disputing it.
Settling the Debt
Once you confirm that the debt belongs to you, you can work on settling it. Discuss the debt with the Central Portfolio Control and see if they are willing to settle for less than the original cost of the debt. If they are not open to settling, you can negotiate a payment plan for the debt. Most debt collectors are open to setting up a payment plan to recover the debt. Ensure that any agreement is in writing, including the newly negotiated amount and payment terms, before making any payments.
If you have the funds available, consider paying off the debt in full. If you have been making timely payments, you can request a goodwill deletion from the Central Portfolio Control. Write a clear letter outlining your request, explaining why you need the goodwill deletion. Include information about how the debt was transferred to the debt collection agency and how you plan to correct the issue. However, the Central Portfolio Control can refuse to delete the debt. Even if they agree to delete the debt, they are not required to remove the item from your credit report. Nevertheless, paying off your debt is beneficial, and while it may remain on your credit report, it may not affect your credit score.
Disputing the debt
If the Central Portfolio Control contacts you about a debt that you believe is not yours, you can dispute it. Write a dispute letter and send it to the agency within 30 days of their initial contact. The credit reporting agencies will investigate the debt, and if they cannot verify it, they will delete it from your credit report. Debtors have the right to dispute a debt under the Fair Credit Reporting Act (FCRA) in Section 609, also known as a 609 letter. After 30 days, the collector is required to cease all efforts to collect the debt until they verify the debt and prove that you are the valid debt holder.
Pro Tip: Keep a copy of the dispute letter to prove that you sent it, especially if sent via mail. Remember, you can only dispute a debt if it is inaccurate.
What Should I Write in My Dispute Letter
The letter should contain the following details:
- Your full name and contact information
- The name and contact information of the Central Portfolio Control
- A request asking for the amount owed on the alleged debt
- A request for the name and contact information of the original creditor
- A request for proof of the debt
Work with a Lawyer to Write a Dispute Letter
If you are dealing with a debt collection agency for a debt that you don’t recognize, seeking legal guidance from a lawyer can be helpful. An attorney can assist you in drafting a dispute letter, ensuring that all necessary details are included, and the filing deadline is within the time limit set by the FDCPA. They can also identify false statements or malpractices by the debt collection agency and use them in your defense, providing legal representation and support throughout the dispute resolution process to ensure your rights as a debtor are protected.
Know your rights
Many debtors believe that they are in the wrong when falling behind on debt and tend to ignore debt collectors. However, debtors have rights, despite delayed loan repayment.
Debt collectors, including the Central Portfolio Control, are not allowed to do the following collection practices:
- Contact any other person, such as family or contacts, to communicate with you. Debt collectors must only communicate through your attorney or a consumer reporting agency.
- Call before 8:00 am or after 9:00 pm.
- Use misleading or false information regarding the debt.
- Add extra charges or fees, such as interest, on the original outstanding debt.
- Use abusive language or harass you regarding the debt.
- Contact your employer or workplace if your employer prohibits communication regarding the debt at work.
Take Legal Action Against Central Portfolio Control
If the above methods and the 11-word phrase fail to stop the Central Portfolio Control’s harassment, taking legal action may be an option. It’s recommended to work with an experienced debt collection lawyer to discuss your options. You may have a strong case if:
- You have evidence of receiving calls before 8 am or after 9 pm from the Central Portfolio Control.
- The agency is using obscene language to try and coerce you into paying.
- The agency is making criminal accusations against you or threatening you with arrest, violence, lawsuits, or a negative credit report.
- The agency is contacting others about your debts.
- You are receiving calls at work, or the calls are automated robocalls.
A debt collection attorney can review your case and advise you on the best course of action. It’s essential to understand your rights and options to ensure that you are protected from any unlawful or unethical practices by debt collectors.
Does Central Portfolio Control Sue for Unpaid Debt?
The Central Portfolio Control may choose to sue debtors for unpaid debt, although this is not always the case. Whether or not they decide to pursue legal action will depend on your willingness to cooperate and repay the debt, or work out a repayment plan. It’s important to communicate with the Central Portfolio Control and try to find a solution before legal action is taken.
Will Central Portfolio Control sue or garnish your wages?
The Central Portfolio Control, like other debt collection agencies, has various ways to collect unpaid debts, including constant communication or legal action like wage garnishment or lawsuits. If the Central Portfolio Control is unable to reach you to work out a payment plan or settlement, they may file a lawsuit against you and request to garnish your wages. It’s important to review the wage garnishment laws in your state to understand your options.
Under the FDCPA, the Central Portfolio Control and other debt collection agencies must stop contacting you if you request them to do so. However, this may force them to take legal action against you. If the Central Portfolio Control has sued you for a debt you are not responsible for, it’s essential to consult an attorney familiar with debt collection cases to protect your rights. Remember, even though debt collectors have the right to follow up on an outstanding debt, they must do so within the bounds of the law.
How Debt Collection Answers Can Help
Receiving constant calls and letters from the Central Portfolio Control, especially when the debt information is inaccurate, can be frustrating. However, understanding how debt collection works is crucial in knowing how to deal with these agencies, keep them at bay, and protect your rights. If you have any debt collection questions, don’t hesitate to contact us for free. We’re here to help you navigate through debt collection and provide you with the information you need.