If Central Credit Services is showing up on your credit report or blowing up your phone, you're probably feeling frustrated and confused. Trust me, I get it. I've helped hundreds of clients deal with this exact situation at ASAP Credit Repair.
Let me break down everything you need to know about Central Credit Services and, more importantly, what you can actually do about it.
What Is Central Credit Services?
Central Credit Services is a third-party debt collection agency. They don't originate loans or credit cards – instead, they either buy old debts from original creditors or get hired to collect on someone else's behalf.
Company Information:
- Full Name: Central Credit Services, LLC
- Industry: Debt Collection Services
- Business Type: Third-party debt collector
- Founded: Active since the early 2000s
- Primary Services: Debt purchasing and collection services
- Regulatory Compliance: Licensed debt collector operating under FDCPA guidelines
Here's what typically happens: Let's say you had a credit card with Bank of America that went into default. After months of trying to collect, the bank might sell your debt to Central Credit Services for about 10-20 cents on the dollar. Now Central Credit Services owns your debt and will try to collect the full amount from you.
Quick fact: In my experience, about 60% of the time these agencies purchase the debt, while 40% of the time they're working as hired collectors for the original creditor.
Central Credit Services Contact Information
While I generally don't recommend calling collectors directly, here's their information if needed:
- Phone: They'll call you – trust me on that
- Address: You can find their mailing address on your credit report or collection letters
- My recommendation: Don't call them. If you need to communicate, send written correspondence via certified mail.
Why Central Credit Services Keeps Calling You
If Central Credit Services is calling you repeatedly, it's because they believe you owe money on an old debt. They might be calling about:
- Credit card debt
- Medical bills
- Personal loans
- Utility bills
- Student loans
- Auto loans
The reason they're so persistent? They make money when you pay.
If they bought your debt for $200 and convince you to pay the full $2,000, that's a massive profit for them.
How Central Credit Services Affects Your Credit Score
Having a collection account from Central Credit Services on your credit report can drop your score by 50-100 points or more. I've seen clients with scores in the high 700s plummet to the low 600s because of a single collection account.
The damage is immediate and severe because:
- Collections are considered a serious derogatory mark
- It signals to lenders that you've completely stopped paying a debt
- It stays on your report for up to 7 years from the original delinquency date
Real client example: Sarah came to us with a 580 credit score after Central Credit Services reported a $1,200 collection. After we successfully disputed and removed it, her score jumped to 670 within 60 days.
Should You Pay Central Credit Services?
This is where most people make a costly mistake. Before you pay a single penny, you need to understand a few critical facts:
Paying Doesn't Remove the Collection
When you pay Central Credit Services, the collection doesn't disappear from your credit report. It simply changes from "unpaid collection" to "paid collection." While a paid collection looks slightly better than an unpaid one, it still damages your credit score for up to 7 years.
Verify the Debt First
According to the Fair Debt Collection Practices Act (FDCPA), you have the right to request debt validation. In my 8+ years helping clients, I've found that roughly 30% of collection accounts have some form of error or cannot be properly validated.
What to request:
- Original creditor information
- Account statements showing the debt progression
- Proof they own the debt or are authorized to collect
- Documentation showing the amount owed is accurate
Your Legal Rights When Dealing with Central Credit Services
Central Credit Services must follow federal laws, including the FDCPA and Fair Credit Reporting Act (FCRA). Here's what they cannot do:
- Call you before 8 AM or after 9 PM
- Contact you at work if you tell them not to
- Use abusive or threatening language
- Discuss your debt with family members or friends
- Continue calling after you send a cease and desist letter
Pro tip: I always tell clients to communicate with debt collectors in writing only. This creates a paper trail and prevents he-said/she-said situations.
How to Remove Central Credit Services from Your Credit Report
Based on my experience helping clients, here are the most effective strategies:
1. Dispute Inaccurate Information
Check your credit report carefully for errors like:
- Wrong account balance
- Incorrect dates
- Mixed-up personal information
- Accounts that aren't yours
I've successfully removed collections simply because the collector reported the wrong original creditor or had the account balance incorrect by $50.
2. Request Debt Validation
Send a debt validation letter within 30 days of their first contact. Many collectors can't provide adequate documentation, especially for older debts that have been sold multiple times.
3. Negotiate a Pay-for-Delete Agreement
While Central Credit Services doesn't typically advertise this option, some of their representatives will agree to remove the collection in exchange for payment. Get this agreement in writing before paying anything.
Success rate in my experience: About 25% of collectors will agree to pay-for-delete if you negotiate properly.
4. Work with a Credit Repair Professional
Sometimes the best approach is to have experts handle the dispute process. We know exactly what documentation to request and how to challenge questionable collections.
Will Central Credit Services Sue You?
In my experience, Central Credit Services rarely files lawsuits. They make their money through phone calls and credit reporting pressure, not expensive court proceedings. However, larger debts (typically over $3,000) have a slightly higher chance of legal action.
State exemption laws protect you: Even if they did sue and win, many states have generous exemptions for wages, bank accounts, and personal property.
The Bottom Line: What Should You Do?
If Central Credit Services is on your credit report or calling you, here's my step-by-step recommendation:
- Don't panic or pay immediately – You have options
- Get your free credit reports to see exactly what they're reporting
- Request debt validation if the debt seems questionable
- Document everything – Save all letters and record call details
- Consider professional help if the situation feels overwhelming
At ASAP Credit Repair, we've helped over 10,000 clients deal with situations exactly like this. Sometimes we can get collections removed entirely without payment. Other times, we negotiate favorable settlements that minimize credit damage.
Get Professional Help Against Central Credit Services Today
Dealing with debt collectors like Central Credit Services can be stressful and confusing. You don't have to navigate this alone. Our credit repair specialists know exactly how to handle these situations and protect your rights.
Ready to take action? Call ASAP Credit Repair at (844) 656-0790 for a free consultation. We'll review your specific situation and explain your options with no obligation.
Remember: Time matters with collections. The sooner you address this, the better your options become.
ASAP Credit Repair has been helping consumers improve their credit. We specialize in removing inaccurate, unverifiable, and unfair negative items from credit reports. Our team understands your rights under federal credit laws and works tirelessly to get you the results you deserve.