Transfinancial Companies


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 stay on your credit report for up to seven years, even if you pay them. Paying the collection might even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(Though debt collectors may not want this widely known, it’s your right to be informed.)

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They can help challenge inaccurate, unfair, or unsubstantiated information on your credit report, including collections, inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

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Transfinancial Companies Contact Information


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. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.

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

Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, 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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.

Your Rights When Dealing with Transfinancial Companies

Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:

  • 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. They have 30 days to prove the debt is yours and the amount is accurate.
  • Transfinancial Companies cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
  • Transfinancial Companies must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
  • Transfinancial Companies cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove Transfinancial Companies From Your Credit Report Today!

Credit Saint can help you dispute Transfinancial Companies collection accounts. With over 15 years of experience, they have a proven track record of removing incorrect entries for many 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 call (855) 281-1510 for a free credit consultation to see what they can do for you.

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Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.