How to Remove Alltran Financial From Your Credit Report
If you’re getting hassled by Alltran Financial LP (formerly United Recovery Systems), we can help you get this collection agency off of your back!
Collection agencies like Alltran, which is based in Houston, Texas, must follow federal rules outlined in the Fair Debt Collections Practices Act. This act outlines your rights when you work with collection agencies.
When you know your consumer rights — and when you know how to remove Alltran Financial LP from your credit report — you’ll be able to stop the company from harassing you. The calls and letters won’t stop overnight, but you should see results within a month or so.
Steps to Remove Alltran Financial From Your Credit Report
Here are the strategies I’ve used in the past to remove collections from my credit report which, of course, can improve your credit score.
- Communicate in Writing
- Debt Verification
- Turn to a Professional
Send a Request for Written Communication
Start by letting Alltran know you’re aware of your consumer rights as a United States citizen. This is the first step when you want Alltran removed from your credit report.
In your request cite the Fair Debt Collection Practices Act (FDCPA) by name, and request that Alltran contact you only via mail from this day forward. Confirm your address, phone number, and other contact information, but demand written communication only.
Why? Because some people run into trouble with collection companies when they talk to service representatives over the phone. Phone calls don’t leave a paper trail, which means any agreements you make over the phone could be forgotten.
Talking on the phone about your collection account is not in your best interest. You’re better off with old fashioned snail mail. This first step (stopping all phone communication) is important.
Plus, it can put an end to those harassing cell phone calls!
In case it’s helpful, Alltran’s address is 5800 N Course Dr, Houston, TX 77072.
Once you have made it clear you’re going to communicate only via mail, your next step should be to write a letter asking Alltran to prove the debt in question is actually yours.
The thing is, debt collectors often purchase old debts from your original creditors, such as credit card companies and student loan servicers, for less than the owed amount. Then collections agents try to collect on the debt in order to turn a profit.
The problem with this practice is that they don’t always get accurate information from the original creditor. In fact, the debt may be someone else’s, or you may have already paid off your original creditor.
It’s up to Alltran to validate your debt. This letter should be pretty simple. Simply request that Alltran Financial LP provide accurate documentation showing the debt is in fact yours.
To ensure that there is a record that you’ve sent this letter, send this debt validation letter via registered mail.
Once you send the letter, the company will have 30 days to provide you with the proof that you have requested.
Disputing Their “Proof”
If Alltran responds with written proof that the debt is indeed yours, your next step is to make sure the documentation they mailed matches your records as well as what’s listed on your credit report.
If the information on your credit report doesn’t match what Alltran provided, you should file a dispute with the credit bureaus.
If the company proved the debt and it’s accurate information, you’ll need to start bargaining with Alltran. This means offering to pay less than you owe.
Negotiate With Alltran Financial
The bargaining process begins with deciding how much you’d like to pay. Obviously, you don’t want to pay anything, but you’ll have to pay something if the company proved the debt. Otherwise, the debt collection agency will be within its rights to continue contacting you.
Most people who negotiate with collection companies offer between 30 to 60 percent of the debt they owe, with the stipulation that the collection agency removes the credit bureau entries once those amounts are paid.
Fifty percent is the safest amount to offer during the start of negotiations.
A company that buys old debt (this is what most debt collection agencies do) will usually take this type of offer because any payment you make translates into profit for the agency.
This means that you can pay the collection agency a lot less than you owe and the collection agency will still make money.
So, draft a letter, make your offer and include the stipulation that the credit entry must be removed upon receipt of payment. Then, see if the company agrees.
If it does, write up a check and send it to the company. Add a letter explaining that you’re following the terms of the agreement. Remind the company that you want the debt removed from your credit report.
As the last step, write a final letter, 30 days after you sent the check, asking for confirmation that the negative credit entry was removed.
Have a Professional Deal with It
If you’re the type of person who would rather have a professional handle your financial issues and just be done with the whole thing, I suggest you check out Lexington Law.
They’ll take care of you, and honestly, they usually get stuff removed a lot quicker because they do this every day.
Lex Law has a good Better Business Bureau score and decades of experience in financial services.
Ask Lex Law for Help
Dealing with Alltran Financial LP
A lot of people just want to know who’s contacting them. So if Alltran Financial, formerly United Recovery Systems, is contacting you, here’s some background information on this debt collection agency.
Alltran is based in Houston but you may be hearing from someone in one of its two satellite offices: Tulsa, Okla., or Bryan, Texas. You also may hear from a subsidiary — Alltran Education or Alltran Health.
The company’s website, alltran.com, offers helpful contact information but, once again, we recommend communicating only by U.S. mail. If you don’t mind the extra step, consider using registered mail so you’ll know when your correspondence arrives.
Alltran is not a scam. If this debt collection agency starts contacting you, it believes you owe money and it will be in touch with the credit reporting agencies. This, of course, could be detrimental to your credit score.
As we said above, Alltran buys old debt when your original creditor posted a charge off. These charge offs can result from foreclosures, higher education debt, bankruptcies, repossessions, and tax liens.
This company is not rated or accredited by the Better Business Bureau (BBB) and it has a variety of complaints filed against it.