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55117
Preferred Credit, Inc.

Preferred Credit, Inc.

Headquarter

Company Details

Name:	Preferred Credit, Inc.
Jurisdiction:	Minnesota
Legal type:	Business Corporation (Domestic)
Status:	Active / In Good Standing
Date formed:	06 Jul 1989 (36 years ago)
Company Number:	0939fd6f-b5d4-e011-a886-001ec94ffe7f
File Number:	6J-192
Registered Office Address:	1010 N Dale Street, St. Paul, MN 55117–5603, USA
Principal Executive Office Address:	628 Roosevelt Rd., Suite #100, St. Cloud, MN 56301, United States
ZIP code:	55117
County:	Ramsey County
Place of Formation:	Minnesota

Links between entities

Type	Company Name	Company Number	State
Headquarter of	Preferred Credit, Inc., FLORIDA	F06000005285	FLORIDA
Headquarter of	Preferred Credit, Inc., RHODE ISLAND	000114025	RHODE ISLAND
Headquarter of	Preferred Credit, Inc., ALABAMA	000-294-489	ALABAMA
Headquarter of	Preferred Credit, Inc., NEW YORK	2743747	NEW YORK
Headquarter of	Preferred Credit, Inc., COLORADO	20021018889	COLORADO
Headquarter of	Preferred Credit, Inc., ILLINOIS	CORP_55818894	ILLINOIS

Agent

Name	Role
C T CORPORATION SYSTEM INC.	Agent

Chief Executive Officer

Name	Role	Address
Greg Windfeldt	Chief Executive Officer	628 Roosevelt Rd., Suite #100, St. Cloud, MN 56301, United States

Filing

Filing Name	Filing date
Amendment - Business Corporation (Domestic)Restated Articles	2015-05-12
Registered Office and/or Agent - Business Corporation (Domestic)	2002-10-30
Original Filing - Business Corporation (Domestic)	1989-07-06
Business Corporation (Domestic) Business Name (Business Name: Preferred Credit, Inc.)	1989-07-06

CFPB Complaint

Complaint Id

Date Received

Issue

Product

2715906

2017-10-30

Incorrect information on your report

Payday loan, title loan, or personal loan

Tags	Servicemember
Issue	Incorrect information on your report
Timely	Yes
Company	PREFERRED CREDIT INC
Product	Payday loan, title loan, or personal loan
Sub Issue	Account status incorrect
Sub Product	Installment loan
Date Received	2017-10-30
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2017-10-30
Consumer Consent Provided	Consent not provided

2359830

2017-02-24

Problems when you are unable to pay

Consumer Loan

Tags	Servicemember
Issue	Problems when you are unable to pay
Timely	Yes
Company	PREFERRED CREDIT INC
Product	Consumer Loan
Sub Product	Installment loan
Date Received	2017-02-24
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	No
Date Sent To Company	2017-03-01
Complaint What Happened	I purchased a XXXX in XX/XX/2016, we made payments for a few months. In XXXX and XXXX we had some financial trouble and fell behind. We picked back up and made payments over what we owed to get out of " collections '' even though they were still accepting our payments. In XXXX the finance company called my work phone, I explained that I can not take calls at work and asked them very firmly never to call my desk again. This month we are short due to me having to take time off of work for health issues. the payment came out this morning and they called my desk phone again! I may lose my job because of this and it is a huge violation since I have asked them previously to take that number off of my file they CAN NOT call it.
Consumer Consent Provided	Consent provided

8511806

2024-03-09

Attempts to collect debt not owed

Debt collection

Issue	Attempts to collect debt not owed
Timely	Yes
Company	PREFERRED CREDIT INC
Product	Debt collection
Sub Issue	Debt is not yours
Sub Product	Other debt
Date Received	2024-03-09
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2024-03-10
Complaint What Happened	I purchased a XXXX vacuum on XX/XX/XXXX from XXXX of XXXX and used XXXX XXXX XXXX to obtain the financing. XXXX sold me a faulty vacuum which stopped working after only XXXX days. I contacted XXXX about the issue and after many attempts of trying to get XXXX to fix the problem, to no avail, I finally returned the vacuum to XXXX. I first emailed XXXX, about the problem I was having with the vacuum, on XX/XX/XXXX and their response was " it is to late to return it '' because it was outside their XXXX day cancellation period ; they didn't even offer to fix the vacuum at this point. I continued to pay my monthly obligation until the vacuum was no longer usable. I contacted XXXX again and told them I was not going to continue paying for a vacuum I could not use and they told me I could drop it off and see if it could be repaired. The drop off location and time was either an hour XXXX of my home anytime or XXXX miles from my home once a month. I offered to drive the hour away so I could have the vacuum repaired sooner but after receiving only a text ( no phone call ) from some random Rainbow seller I canceled the meeting. I did not feel comfortable meeting with this person because I was told I had to meet them at a " meeting spot '' instead of an actual place of business. I contacted XXXX on XX/XX/XXXX after hearing no resolution from them and made an appointment to drop the vacuum off, but not until XX/XX/XXXX at XXXX because this was the soonest day and time someone would be in my area. The representative told me they would look at it and see if it could be repaired and that I would be contacted. I asked about a replacement for the time being, which I was suppose to get according the seller, and was told they had no vacuums to lend out. I never received the vacuum back from XXXX and have not had the vacuum since XX/XX/XXXX but continue to have an outstanding balance on my credit report from XXXX XXXX which is now a charge off despite disputing the account many times.
Consumer Consent Provided	Consent provided

Date of last update: 30 Jan 2025

Sources: Minnesota's Official State Website