Who is CAC Financial Corp?
CAC Financial Corp is a debt collection agency located in Oklahoma City, Oklahoma. The company works with creditors to collect amounts owed by consumers.
If you see their name on your credit report, it means that they’ve reported a debt you owe. This debt may have been originally incurred with a different company but has since been transferred to CAC Financial Corp for collection.
Who does CAC Financial Corp collect for?
CAC Financial Corp primarily focuses on recovering debt for entities within the healthcare sector. Their speciality lies in the collection of hospital and healthcare-related debts.
Is CAC Financial Corp legit or a scam?
CAC Financial Corp is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove CAC Financial Corp from my credit report?
CAC Financial Corp collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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CAC Financial Corp Contact Information
CAC Financial Corp
2601 Northwest Expy Ste 1000e
Oklahoma City, OK 73112
Phone number: (800) 299-6304 or (866) 218-8271
Should I contact or pay CAC Financial Corp?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.
The most effective way to deal with CAC Financial Corp is to work with a credit repair professional. They help remove millions of negative items every year from companies like CAC Financial Corp on behalf of their clients.
Will CAC Financial Corp sue me or garnish my wages?
CAC Financial Corp may potentially sue a debtor as a last resort to collect unpaid debts. If they win the case, they could potentially have the legal right to garnish your wages or even levy your bank accounts. The specifics depend on the laws of your state, as each state has its own rules about wage garnishment, bank levies, and property liens.
However, before getting to this stage, most collection agencies will attempt to work with you to set up a payment plan or settle the debt.
CAC Financial Corp Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with CAC Financial Corp
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for CAC Financial Corp to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- CAC Financial Corp may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- CAC Financial Corp must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- CAC Financial Corp cannot threaten to have you arrested or imprisoned over unpaid debts.
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