If you’ve recently been contacted by a company called Central Portfolio Control, it can only mean one thing—they want you to pay up for a debt they think you owe.
Debt collectors can be intimidating, but by arming yourself with knowledge about what they do and what your debt collection rights are, you can get Central Portfolio Control off your back (and off your credit report) once and for all.
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What exactly is Central Portfolio Control?
Central Portfolio Control, Inc. is a debt collection agency that was founded 1998. 1 They’re headquartered in Minnesota but are licensed to collect debts in all 50 states.
What you need to know about Central Portfolio Control
Central Portfolio Control (CPC) provides third-party debt collection services, meaning they collect debts on behalf of other companies (which is why they’ll start asking you for payment even though you never signed a contract with them).
The company started out working in the retail finance sector but later expanded to serve businesses in a wide array of industries. 2 They handle accounts at all stages of delinquency, from early-out to late-stage collections. 3
What debts does Central Portfolio Control collect?
Central Portfolio Control, Inc. collects debts on behalf of a wide variety of businesses. If they’re trying to get a hold of you, it’s probably because they want payment for one of the following types of debts: 3
- Auto loans or leases
- Federal or private student loans
- Credit card debt
- Retail credit card debt
- Unpaid medical bills
- Mortgages
- Other debts owed to financial institutions
Is Central Portfolio Control a legit debt collector?
Yes, Central Portfolio Control is a legitimate debt collection agency. In fact, they’re accredited by ACA International and the Better Business Bureau (BBB). 4 5
However, that doesn’t mean that you’re not getting scammed by someone calling you claiming to represent Central Portfolio Control. Unfortunately, it’s not uncommon for fraudsters to pose as real debt collectors to trick well-meaning debtors into paying them money.
Never send money to anyone claiming to be a debt collector until you’ve verified that the debt is valid and that it belongs to you. Double check that you really owe CPC by contacting them directly using the contact information below.
Central Portfolio Control Contact Information
If you want to remove Central Portfolio Control from your credit report, write to their address:
Address: 10249 Yellow Circle Drive, Suite 200
Minnetonka, MN 55343
Phone Number: (800) 834-2147 or (952) 215-0412
Website: cpcrecovery.com
Disputing an incorrect entry on your credit report can be stressful and difficult. Consider working with a professional.
How to deal with Central Portfolio Control
Ready to take control of your debt with Central Portfolio Control? Choose the methods you want to attempt below.
Dispute CollectionsIf the debt is inaccurate, learn how to remove the collection from your credit report. | Stop HarassmentIf your rights are being violated, learn how to fight back using protections under federal law. |
Verify DebtIf you're not certain the debt is yours, request more information (and temporarily stop collection efforts). | Pay Debt CollectorIf you're ready to pay up, learn how to do it in a way that keeps you on better financial footing. |