What Is Controlled Credit Corporation On My Credit Report?
Controlled Credit Corporation is a debt collection agency. If you are seeing them on your credit report, it likely means they have purchased your debt from a creditor and are (or will be) attempting to collect it from you.
Is Controlled Credit Corporation A Debt Collection Agency?
Yes, Controlled Credit Corporation is a debt collection agency. They buy debt from a number of different creditors that no longer wish to attempt to collect the amount themselves (also known as a "charge-off").
Controlled Credit Corporation may attempt to reach out via mail or phone calls (demanding payment). The worst part is a collections account will now be seen on your credit report. This hurts your score, as well as reducing your chances of getting approved for a loan or other important financial event.
But it’s not all bad news! We may be able to help you with this account. Call us today to find out more.
Who Does Controlled Credit Corporation Collect For?
Controlled Credit Corporation purchases debt from a range of different creditors. The information isn’t always publicly available and is constantly changing, so it’s difficult to provide an accurate and up-to-date list.
Does Controlled Credit Corporation Hurt My Credit Score?
Yes, it is highly likely having Controlled Credit Corporation on your credit report is damaging your score significantly.
How to avoid being sent to collections
Getting sent to collections can have a significant negative effect on your credit score and make it difficult to be approved for loans in the future. To help you avoid such an issue, here are some tips:
- Stay organized
Track all of your bills and payments to prevent any missed or late payments.
- Create a budget
This will ensure that money is allocated appropriately and that payments are being made on time.
- Communicate with creditors
If you're having difficulties making payments, reach out to your creditors to discuss working out a payment plan or deferment.
- Set up automatic payments
Automatically paying your bills can help make sure they get paid on time.
- Check your credit report regularly
Doing so can alert you to any inaccuracies or errors which could lead to collections.
By following these tips, you can protect your credit score and avoid being sent to collections.
Understanding the Impact of Controlled Credit Corporation on Your Credit Score
Having a collections account from Controlled Credit Corporation on your credit report can have a serious impact on your credit score. The type of debt, the number of collections accounts, and how recently the delinquency occurred will all factor into how much it affects your score—usually resulting in a decrease of between 50-100 points.
Furthermore, this account will stay on your credit report for seven years, making it hard to get approved for loan, credit cards or even rental applications. Working with a credit repair specialist like Credit Sage can help you understand the impact of having a collections account and how to remove it from your credit report.
How Do I Remove Controlled Credit Corporation From My Credit Report?
To be eligible to remove Controlled Credit Corporation from your credit report, you typically need to meet the following requirements:
- Any information on the account is incorrect
- Any information on the account is error’d
- Any information on the account is fraudulent
- And is not (or cannot be) fixed in an appropriate amount of time
According to a study by the U.S. PIRGs, 79% of credit reports contain mistakes or serious errors. Going after these types of accounts for our clients is our specialty.
Should I Pay For Delete With Controlled Credit Corporation?
Paying off Controlled Credit Corporation to have credit bureaus delete it from your report sounds like a good idea. There's one major problem. Paying a debt in collections changes your credit report status from 'unpaid' to 'paid', but the collection remains on your report for 7 years (from the date of first delinquency). This means your credit is still damaged.
Should I Negotiate A Settlement With Controlled Credit Corporation?
Settling your debt with Controlled Credit Corporation could go both ways. It may help your score, but it may also hurt your score. Many variables impact the end result. There is a better path to a good result. Work with a company that is able to review these accounts for you (like Credit Sage), and if any issues with the account exist you may have it removed all together (and never have to hear from them again).
Is Controlled Credit Corporation Legit, Fake Or A Scam?
Controlled Credit Corporation is a legitimate company. They aren’t fake or trying to scam you. But it is likely they are spam calling you trying to collect a debt. One of the best ways to deal with this is to dispute and remove unvalidated debts.
Why Do Controlled Credit Corporation Keep Calling Me?
Controlled Credit Corporation continues to call and attempt to collect a debt. The best thing you can do is ignore their calls and speak with a company that can help you get it removed (like Credit Sage).
How To Get Controlled Credit Corporation To Stop Calling Me?
As we’ve mentioned above, Controlled Credit Corporation will be calling you to attempt to collect a debt. The best thing you can do to stop this is speak with a company that can help you get them removed from your credit report, like Credit Sage. Once they are off your credit report, you won’t have to hear from them again.
Controlled Credit Corporation Reviews And Complaints
Controlled Credit Corporation has terrible BBB reviews. This may come from their repeated calls and letters to consumers trying to collect their debt.
Will Controlled Credit Corporation Try Suing Or Garnishing My Wages?
Controlled Credit Corporation suing would be a very unlikely situation. In rare cases it may happen, but it certainly isn’t the norm. State and federal laws place limits or 'exemptions' that apply to bank and wage garnishments.
We strongly recommend calling us, we’ll help determine the likelihood of a lawsuit, but also provide you next steps in getting this collection removed.
Does Controlled Credit Corporation Accept A Goodwill Letter To Remove My Collection/Charge-Off?
Based on our years of experience dealing with companies like this, Controlled Credit Corporation does not accept goodwill letters to remove collection accounts or charge offs.
What Are My Rights When Dealing With Controlled Credit Corporation?
You have the right to dispute any of your debt that Controlled Credit Corporation has purchased. Controlled Credit Corporation is governed by the Fair Debt Collection Practices Act (or FDCPA) and the Fair Credit Reporting Act (or FCRA). While these acts seem very complicated, they provide a great deal of power to the consumer if you know how to use it properly.
What Is Controlled Credit Corporation Phone Number?
You likely want to call Credit Sage before deciding whether or not to call Controlled Credit Corporation. The reason? You may not want to pay Controlled Credit Corporation debt, especially if it's inaccurate. Paying it off could hurt your score.
Get Controlled Credit Corporation Removed From Your Report, Today!
In most cases, we recommend speaking with a Credit Repair professional to analyze your credit report before you attempt to settle any debt. The main reason? Settling your debt may actually hurt your score.