Transfinancial Companies

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Is Transfinancial Companies hurting your credit score?

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Who is Transfinancial Companies?

Transfinancial Companies is a debt collection agency based in Baton Rouge, Louisiana. They operate in the accounts receivable management and collections industry to recover owed amounts on behalf of their clients.

If you’ve neglected or been unable to pay a bill, and that debt has been transferred to this agency, you may find Transfinancial Companies appearing on your credit report as a collections account.

Who does Transfinancial Companies collect for?

Transfinancial Companies primarily provide their debt collection services to the healthcare industry. They work alongside hospitals and other healthcare providers to recover the funds from unpaid medical bills.

Is Transfinancial Companies legit or a scam?

Transfinancial Companies is a legitimate company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.

How can I remove Transfinancial Companies 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.)

Ready to Raise Your Credit Score?

Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.

Professional credit repair services work with people who want to get their credit back on track.

In addition to collections, they can help 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.

Transfinancial Companies Contact Information

Address:

Transfinancial Companies
7922 Picardy Avenue
Baton Rouge, LA 70809

Mailing address:

Transfinancial Companies
PO Box 80103
Baton Rouge, LA, 70898

Phone number: (800) 611-7508 or (225) 767-5055

Should I contact or pay Transfinancial Companies?

Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.

The most effective way to deal with a debt collector is to work with a credit repair professional. They help remove millions of negative items every year from companies like Transfinancial Companies on behalf of their clients.

Will Transfinancial Companies sue me or garnish my wages?

While any debt collection agency, including Transfinancial Companies, has the potential to sue for unpaid debts, it’s typically not the first course of action. The primary goal of these agencies is to work out a resolution with you, such as establishing a payment plan or negotiating a settlement. Legal action often requires additional time, money, and resources, so it’s usually considered a last resort if other collection efforts are unsuccessful.

If Transfinancial Companies does choose to sue and wins the lawsuit, a judgment will be issued by the court. This judgment could possibly lead to wage garnishment, a bank levy, or a lien on your property, depending on the laws in your specific state.

Transfinancial Companies 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 Transfinancial Companies

Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it 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 Transfinancial Companies 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.
  • Transfinancial Companies may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
  • Transfinancial Companies 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.
  • Transfinancial Companies cannot threaten to have you arrested or imprisoned over unpaid debts.

Remove Transfinancial Companies From Your Credit Report Today!

Credit Saint can assist you in disputing Transfinancial Companies collection accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.

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 or give them a call at (855) 281-1510 for a free credit consultation to see what they can do for you.

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