Frequently Asked Questions:
Who Is Central Financial Control?
Central Financial Control is a large collection agency located in Anaheim California. According to the Department of Financial Institutions, Central Financial Control's parent company is Syndicated Office Systems, Inc.
Court pleadings indicate that Syndicated Office Systems was recently involved in a class action lawsuit for alleged violations of the Fair Debt Collection Practices Act. Central Financial Control and Healthcare Business Solutions were named as a subsidiary debt collection agencies of Syndicated Office Systems. The class action suit (Orloff versus Syndicated Office Systems DBA Central Financial Control) was filed in a Federal District Court in Pennsylvania.
If Central Financial Control contacted you about a debt, then they may be showing up on your credit report as a "Charge Off", "Unpaid Charge Off", "Collection", "Placed for Collection", or "Collection - Paid for Less." These notations reflect negatively on your credit history and can prevent lenders from giving you a mortgage, car loan, or other loan.
Can I Delete A Central Financial Control Collection From My Credit Report?
YES! Fortunately there are ways to use the credit reporting laws against Central Financial Control and delete them from your credit record. There are ways to repair your credit by using self-help methods. However, the quickest way to get your credit back on track may be to contact a credit repair agency which specializes in credit report repair.
Can I Repair My Own Credit Report?
Disputing the credit report is easy. Getting results from the credit bureaus is amazingly difficult, complex, and infuriating. It is not a coincidence that the Federal Trade Commission receives more complaints against credit bureaus than any other type of business. Remember, the credit bureaus are primarily interested in protecting their profits. Investigating your challenge consumes these profits. Short of sparking a mass number of lawsuits, the credit bureaus seem to do everything in their power to discourage consumers from making progress in their restoration efforts.
Repairing your own credit is like repairing your own transmission or representing yourself in court; it is possible, but you must decide if you are willing to take the time and assume the risks of doing it yourself.
This All Sounds Good, But Is It Legal?
Although the credit bureaus would like to have you think otherwise, there is absolutely nothing illegal about disputing items on your credit report. In fact, it is your explicit right by law to do so. (See Fair Credit Reporting Act) Credit report repair is as legal as pleading "not guilty" in a court of law.
Contact Information For Central Financial Control:
Central Financial Control
1500 S. Douglas Road
Anaheim, CA 92806
Phone: 714.704.4000
What Is The Fair Credit Reporting Act?
The Fair Credit Reporting Act (FCRA) allows a consumer to challenge the information on his credit report on the basis of “completeness and accuracy. If, after a reinvestigation by the credit bureau, the disputed information “is found to be inaccurate or can no longer be verified, the [credit bureau] shall promptly delete such information.
The credit bureaus are required to complete the investigation within a “reasonable period of time. This period has been set at thirty days.
The credit bureaus can ignore the consumer dispute if they have reason to believe that the dispute is "frivolous or irrelevant". The FTC commentary on the FCRA cites, as an example of a frivolous dispute, a dispute wherein the consumer challenges all negative items on his credit report without providing any allegations regarding specific items in the credit file. However, “A [credit bureau] must assume a consumer's dispute is bona fide, unless there is clear and convincing evidence to the contrary.
When a consumer challenges a negative credit listing on the basis of extenuating circumstances, such as health problems, divorce, job loss, etc., the credit bureaus are entitled to ignore that dispute.
When a consumer submits a dispute which is neither frivolous nor irrelevant by credit bureau standards, the credit bureau must “at a minimum... check with the original sources or other reliable sources of the disputed information and inform them of the nature of the consumer's dispute. In some cases of consumer dispute, “Reinvestigation and verification may require more than asking the original source of the disputed information the same question and receiving the same answer.
In other words, when a consumer files or re-files a valid dispute, the credit bureaus must contact the source of the credit information (the creditor) and confirm that the information is accurate, verifiable, and not obsolete. In some circumstances, the credit bureau is required to go beyond a simple verification of the creditor's own computer record. If, within 30 days, the credit bureau has not received verification from the creditor, then the credit bureau must promptly delete the credit listing.
In theory and law, the process is deceptively simple, thus leading many people to think that they can easily handle this themselves “for the price of a few postage stamps. Most quickly discover that the credit bureaus have made it much more difficult than one would imagine.
