AFNI Collections is a collection agency with global reach and it has US branches in Kentucky, Illinois, Arizona and Alabama. If you’re getting pestered by calls or letters from this well-known agency, you should know that this company is very well-organized. It has a large infrastructure and plenty of collection officers on its payroll. This means that the calls and letters are very likely to continue, unless you take action and do something about it.
Begin the Process to Remove AFNI Collections From Your Credit Report
A lot of collection agencies operate under the principle that the consumers that they write to and call up on the phone have no idea what their rights are. In other words, they sometimes trample on these rights! There are rules which dictate how a collection agency may interact with you. The rules are found in the Fair Debt Collection Practices Act.
There are a long list of rules that collection agencies have to follow, but it basically boils down to: collectors are not permitted to harass you. It’s against the law.
Now that you know your rights, you have to let AFNI Collections representatives know that you do understand these important rights. So, the first step is writing the company a letter which states that you know your rights under the FDCPA and that you wish to have only written communications with them in the future.
If the company calls you, tell the person on the other end that you want written communication only and that the company is not permitted to contact you when you’re at work. However, you should still write the letter and there will be more to add to this letter in Step Two. The rationale behind writing the letter is to stop the calls and to create a paper trail.
On the phone, you may be promised things which the company doesn’t follow through on. The company won’t be able to get away with this when you correspond via snail mail. Asking for written communication only is always in your best interest.
Ask for Validation of Your Debt
Under the stipulations of the Fair Debt Collections Practices Act, collectors must prove to you that the debt is actually yours if you request that they do so. In the first paragraph of your letter, you asked for written communication only. In the next paragraph, you should request validation of your debt. The company will then need to provide you with information that validates the debt. If it can’t, it won’t be able to bother you any more and it will also have to remove the negative credit entry from your credit report.
Collection agencies like AFNI make money by purchasing consumer debt cheap. They generally pay a lot less than the actual debt amount. Then, they collect the debt amount and make money. In many cases, the collection companies don’t get full details about the debts that they buy. This means that AFNI Collections may not have full details about your debt. The company may not be able to prove it’s yours.
So, send this letter, which is called a Debt Validation Letter and then wait for a letter back. When you receive the response, go over the information that has been provided to you. Are any details wrong? Is any important information missing?
You will need to send this letter in within thirty days of initial contact with AFNI Collections. There is a deadline, so take action immediately.
If you find problems, it will be time to dispute the credit entry via the “big three” credit bureaus. They are Experian, TransUnion and Equifax. Contact these companies by letter and include information about the dispute that you’re opening. The credit bureaus will have thirty days to look into the matter.
If disputing the entry doesn’t work out (probably, because you really do owe the money), you can still take steps to get AFNI removed from your credit report.
Agree to Pay Part of What You Owe
If the debt was validated, you’ll need to pay something in order to get the negative credit entry removed. You can call the collection agency and try to negotiate. Just make sure that the results of your conversation are backed up in writing. Make a note of everything discussed on the phone. Ask the company to send you a letter detailing the agreement. Some companies agree to take less money. Others want the full amount. Offering to pay half is always worth a try. Just make sure that part of the deal is that if you pay them, they will agree to remove the entry from your credit report.
If the company agrees to this sort of deal and provides written backup which confirms the deal, write the firm a check and send it, along with a letter that confirms the details of the payment agreement, including the stipulation that the credit entry be removed after it’s been paid. Never grant AFNI Collections access to your bank account.
After thirty days pass, get a copy of your credit report and make sure the entry has been removed. If it hasn’t, contact them again and remind them of the deal you made.
Do you need help with this?
Lastly, if you’re the type of person who would rather have a professional handle it and just be done with the whole thing, I suggest you check out Lexington Law Credit Repair. They’ll take care of you, and honestly they usually get stuff removed a lot quicker. Give them a call at 1-844-764-9809 or Check out their website.