If Central Portfolio Control is showing up on your credit report, it could be dragging down your score. Here’s what you need to know—and how to deal with them.
Who Is Central Portfolio Control?
Central Portfolio Control, Inc. (CPC) is a licensed debt collection agency based in Minnetonka, Minnesota. They specialize in purchasing or managing unpaid debts after the original creditor has charged off the account.
When they take over, the debt might appear on your credit report as a collection account, which can hurt your score.
Who Does Central Portfolio Control Collect For?
CPC handles a wide range of delinquent accounts across several industries, including:
- Auto loans
- Credit cards
- Student loans
- Mortgages
- Homeowners Associations (HOA) fees
- Equipment leasing
- Commercial accounts
- Construction and contractor debts
- Bank overdraft (DDA) accounts
They either work on behalf of the original creditor or purchase debts themselves.
Is Central Portfolio Control Legit?
Yes, Central Portfolio Control is a legitimate debt collection agency. But like with any collection account, don’t assume the information they report is accurate. Always verify the debt before making payments or discussing settlement options.
How Can I Remove Central Portfolio Control From My Credit Report?
Collection accounts can stay on your credit report for up to seven years, even after you pay them off. But there are steps you can take to try and remove the account:
- Dispute inaccurate information: If anything about the account is wrong, file a dispute with the credit bureaus.
- Request debt validation: You have the right to ask for proof that the debt is yours and the amount is correct.
- Negotiate a pay-for-delete: Sometimes, you can offer payment in exchange for the account being removed from your report.
You can also work with a reputable credit repair company to help challenge collections and clean up your credit report.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should I Pay Central Portfolio Control?
Before paying a collection agency, always verify:
- The debt is legitimate
- The amount is correct
- The account is still within the statute of limitations
Keep in mind, paying a collection account could restart the clock on how long it affects your credit, especially if it’s close to aging off your report. Talk to a professional before deciding how to proceed.
Will Central Portfolio Control Sue Me or Garnish My Wages?
CPC has the legal right to sue for unpaid debts. If they file a lawsuit and win a judgment, they may be able to garnish your wages or levy your bank account—depending on your state’s laws.
However, lawsuits are usually a last resort. Most collection agencies prefer to settle debts without going to court.
Central Portfolio Control Complaints
CPC has complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Common issues include:
- Inaccurate information on credit reports
- Harassing phone calls
- Failure to verify debts
If you feel your rights have been violated, you can file a complaint with the CFPB or consult with a consumer protection attorney.
Your Rights When Dealing With Central Portfolio Control
The Fair Debt Collection Practices Act (FDCPA) protects you from abusive, unfair, or deceptive collection tactics. Under this law:
- CPC cannot report false or incomplete information
- You have the right to request debt validation within 30 days
- They cannot harass or threaten you
- They must be transparent about their identity and purpose
Central Portfolio Control Contact Information
Address:
Central Portfolio Control, Inc.
10249 Yellow Circle Drive, Suite 200
Minnetonka, MN 55343
Phone Numbers:
(800) 670-2545
(800) 331-0081
Remove Central Portfolio Control From Your Credit Report Today
If dealing with collections feels overwhelming, a trusted credit repair company can help. Credit Saint has over 15 years of experience helping clients dispute and remove inaccurate negative accounts.
They even offer a 90-day money-back guarantee for added peace of mind.
Visit their website or call (855) 281-1510 to learn more.
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.
