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?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
CAC Financial Corp Contact Information
Address:
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. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
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
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with CAC Financial Corp
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- 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. They have 30 days to prove the debt is yours and the amount is accurate.
- CAC Financial Corp cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- CAC Financial Corp must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- CAC Financial Corp cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove CAC Financial From Your Credit Report Today!
Credit Saint offers assistance with disputing CAC Financial Corp accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
