If CAC Financial Corp is showing up on your credit report, it usually means a debt has been sent to collections. That can lower your credit score and stay on your report for years. Here’s what you need to know and how to deal with them.
Who Is CAC Financial Corp?
CAC Financial Corp is a third-party debt collection agency based in Oklahoma City, Oklahoma. They work on behalf of businesses to collect unpaid debts from consumers.
If you see their name on your credit report, it means they’ve reported a collection account. The debt may have started with a different company but was transferred to CAC Financial Corp for recovery.
Who Does CAC Financial Corp Collect For?
CAC Financial Corp primarily collects debts for the healthcare industry. They often work with hospitals, clinics, and other medical providers to recover outstanding medical bills.
Is CAC Financial Corp a Legitimate Company?
Yes, CAC Financial Corp is a legitimate debt collection agency. They are authorized to collect debts for their clients and must follow federal and state laws while doing so.
That said, never assume a debt is valid without verifying the details. Always request written proof showing the original creditor, the amount owed, and how old the debt is before making decisions.
How to Remove CAC Financial Corp From Your Credit Report
Collection accounts can damage your credit score for up to seven years. But there are ways to address them:
- Dispute errors: If the collection account has inaccurate information, file a dispute with the credit bureaus.
- Request debt validation: Send CAC Financial Corp a written request asking them to prove the debt is yours and that the balance is accurate.
- Negotiate a pay-for-delete: In some cases, you may be able to offer payment in exchange for having the account removed from your credit report.
- Work with a credit repair company: Professionals can help challenge negative accounts, especially if the debt is inaccurate or outdated.
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Should I Contact or Pay CAC Financial Corp?
Before contacting CAC Financial Corp or making any payments, verify that the debt is valid, accurate, and still within the statute of limitations. Paying an old collection account can sometimes restart the clock on how long it stays on your credit report.
If you’re unsure how to proceed, working with a reputable credit repair company can help you understand your options and avoid mistakes that could hurt your credit.
Can CAC Financial Corp Sue or Garnish Wages?
Debt collectors like CAC Financial Corp can sue to recover unpaid debts. Legal action is usually a last resort, but if they win in court, they may be able to:
- Garnish your wages
- Freeze your bank accounts
- Place liens on property
The rules vary depending on your state’s laws. If you’ve been served with legal papers, consult an attorney right away.
Most collection agencies prefer to set up payment plans or settlements before pursuing legal action.
CAC Financial Corp Contact Information
If you need to reach them, here’s how:
- Address:
CAC Financial Corp
2601 Northwest Expy, Suite 1000E
Oklahoma City, OK 73112 - Phone: (800) 299-6304 or (866) 218-8271
Before calling, confirm the debt is legitimate and within the statute of limitations. If you feel unsure, seek professional help before taking action.
Complaints About CAC Financial Corp
CAC Financial Corp has received complaints with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Common issues include:
- Incorrect reporting on credit reports
- Harassment or excessive phone calls
- Failure to properly validate debts
If your rights are being ignored, you can file a complaint with the CFPB or BBB.
Your Rights When Dealing With CAC Financial Corp
The Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA) protect you from unfair treatment. Debt collectors like CAC Financial Corp must:
- Report accurate and complete information
- Provide written proof of the debt if requested within 30 days
- Avoid harassment, threats, or abusive language
- Clearly identify themselves and their purpose for contacting you
- Never claim you can be arrested over unpaid debts
If they break these rules, you have the right to take action.
Remove CAC Financial Corp From Your Credit Report Today
You don’t have to manage collection accounts alone. Credit Saint has helped thousands of people challenge negative credit items, including accounts from CAC Financial Corp.
They even offer a 90-day money-back guarantee for peace of mind.
Visit their website or call (855) 281-1510 for a free consultation and take the first step toward better credit today.
Brooke Banks is a personal finance writer specializing in credit, debt, and smart money management. She helps readers understand their rights, build better credit, and make confident financial decisions with clear, practical advice.
