Who is Atlantic Credit & Finance?
Atlantic Credit & Finance, Inc. is a debt collection agency with its main office located in Roanoke, Virginia, and a branch location in St. Cloud, Minnesota. They specialize in acquiring and managing delinquent consumer debt.
If Atlantic Credit & Finance appears on your credit report, it typically means that you have a debt that was transferred or sold to them for collection. This could occur if you have an unpaid bill or a defaulted loan, for example.
Who does Atlantic Credit & Finance collect for?
Atlantic Credit & Finance is known as a junk debt buyer, which means they purchase delinquent or charged-off debts from a variety of original creditors. These original creditors can include credit card companies, banks, consumer loan companies, and other institutions that extend credit. Atlantic Credit & Finance purchases these debts, often for pennies on the dollar, and then works to collect as much of the debt as they can from the debtor.
Is Atlantic Credit & Finance legit or a scam?
Atlantic Credit & Finance is a legitimate company. However, their practices can sometimes be seen as aggressive or intrusive, with frequent phone calls, texts, or emails aimed at collecting the debt. This doesn’t make them a scam, but it can be stressful for those being contacted.
How can I remove Atlantic Credit & Finance from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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Some clients have raised their credit scores
by 100 points* or more.
Lexington Law Firm is a credit repair company that helps people fix their credit.
In addition to collections, they can work with you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
Atlantic Credit & Finance, Inc. Contact Information
Address:
Atlantic Credit & Finance
111 Franklin Rd SE
Roanoke, VA 24011
Phone number: (800) 888-9419
Should I contact or pay Atlantic Credit & Finance?
It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Atlantic Credit & Finance is to work with a credit repair professional. They help remove millions of negative items every year from companies like Atlantic Credit and Finance on behalf of their clients.
Will Atlantic Credit & Finance sue me or garnish my wages?
Atlantic Credit & Finance, like other debt collection agencies, is legally entitled to sue you for an unpaid debt. If they win the lawsuit and a judgment is issued against you, they may then have the ability to garnish your wages or take other actions to collect the debt, depending on the laws in your state.
However, it’s important to note that the process of filing a lawsuit, winning a judgment, and then enforcing it is lengthy and can be costly for the collection agency. Therefore, many debt collection agencies prefer to avoid this route if possible and are often willing to work out payment plans or negotiate settlements with debtors.
Atlantic Credit & Finance Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to 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 the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Atlantic Credit & Finance
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Atlantic Credit & Finance 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Atlantic Credit & Finance may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Atlantic Credit & Finance must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- Atlantic Credit & Finance cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Atlantic Credit and Finance From Your Credit Report Today!
Lexington Law can assist you in disputing Atlantic Credit and Finance accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
