Alltran Financial, previously known as United Recovery Systems, is a company that deals with collecting unpaid debts. They may contact you directly or someone you know regarding a debt you might owe.Alltran is one of the larger debt collection agencies in the United States. They are headquartered at 5800 North Course Drive, Houston, TX 77072-1813 and can be reached at 800-568-0399. They specialize in collecting unpaid amounts from credit cards, personal loans, student loans, and other debts. Even if you’re not familiar with Alltran Financial, they might have acquired a charged-off debt from one of your original creditors. They often buy these debts for a fraction of the actual amount and then attempt to collect the full sum from you. This process usually starts if you’ve been late on a payment for at least 180 days or if you’ve consistently paid less than the minimum required amount. After acquiring your debt, Alltran may report it to the three major credit bureaus, negatively affecting your credit score.
Alltran Lawsuits
Alltran has faced several lawsuits for breaking rules like the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act. In one case, someone claimed that Alltran sent a letter making it seem like their debt could grow without saying if it included interest. This is against the rules of the FDCPA, which says debt collectors can’t use deceptive tactics. In another lawsuit in Texas, a person said Alltran kept calling them even after being told to stop. They also got in touch with the person’s employer, shared details about the debt with co-workers, and made threats of legal action. These actions go against the regulations meant to protect consumers.
Alltran Complaints
In 2019, the Consumer Financial Protection Bureau (CFPB) received eight complaints about Alltran Financial and 13 complaints about its former name, United Recovery Systems. People reported issues such as:
- Improper Use of Credit Report: Mishandling of the consumer’s credit report.
- Attempts to Collect Unowed Debt: Trying to collect a debt that wasn’t actually owed.
- Negative or Legal Action Threats: Threatening to take harmful or legal action.
- False Statements: Making false statements or misrepresentations.
- Communication Tactics: Issues related to how they communicated.
According to the Better Business Bureau (BBB), Alltran Financial LP is not accredited, and it has a one-star rating out of five based on six customer reviews on the BBB website. If you believe that Alltran has violated your rights, you have the option to report the agency to your state’s attorney general, the Federal Trade Commission (FTC), and the Consumer Financial Protection Bureau (CFPB).
What To Do If Alltran Has Contacted You
If you received calls from Alltran about a debt they say you owe, or they filed a lawsuit against you, it’s crucial to know your rights and what steps to take. Consider teaming up with a debt resolution firm for assistance. If Alltran has contacted you, CuraDebt is here to help you understand your rights, work with the agency to sort things out quickly, and potentially save you money. We can also assist in avoiding or dealing with legal actions like garnishments. It’s worth mentioning that debt collection agencies sometimes try to collect on fake accounts. If you’re not sure about the debt Alltran is talking to you about, make sure you know your rights before discussing it with them.
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