AFNI Collections on Your Credit Report?
AFNI Collections (also know as Anderson Financial Network and AFNI Bloom) can be incredibly damaging to your credit. Collection accounts remain on your credit report for 7 years. Find out more about AFNI Collections and how they do business. Then continuing reading below to find out how you can get collections removed from your credit report legally and permanently.
Who is AFNI Collections?
AFNI Collections is a collection agency located in Bloomington, Illinois. Like other collection agencies, they have a reputation for using harsh tactics to get people to pay money they may not even owe. We have done a little research to give you more information on what people are saying about them. We hope you find this information useful.
Common Consumer Complaints About AFNI Collections
AFNI Collections is known for a common practice among collection agencies known as “re-aging debt”. When a collection agency re-ages a debt, they change the dates that are associated with when the debt occurred and when the debt was charged-off by the original creditor. By re-aging the debt, they hope to extend the statue of limitations on the validity of the debt. One consumer noted that AFNI changed dates on an outstanding account on their credit report when the statute of limitations had expired on a debt. The consumer in question used their rights as outlined in the Federal Debt Collections Practices Act and sent debt validation letters to them, but they didn’t respond with any proof that the member owed the money. At that point, if they couldn’t verify the debt, they would have to stop contacting the consumer to collect.
You Too, Huh?
If this sounds familiar, you should not pay anything to AFNI until you establish a few facts and try a couple of alternatives to paying the full amount that they say you owe. You should have them validate that the debt is yours. They aren’t interested if there is a case of mistaken identity if you are willing to pay. Even if the debt is yours, the statute of limitations may have expired so they have no legal recourse to collect. If you have a reason to believe that the debt is expired and you are contacted by the collection agency about an old account, send them an Expired SOL Notification letter. This will let them know that they are dealing with an informed consumer and that threatening to sue you for the money owed won’t work.
Going to the Extreme
In some extreme cases, people have reported that AFNI Collections has refused to validate a debt. If this happens to you, you have to seek legal recourse through the State Attorney General. That should get their attention. If you have sent a debt verification letter and they continue to contact you about the debt before they respond to the verification request, it is a clear sign they are violating the law and aren’t going to listen unless you bring government authorities into the mix.
Challenging Inaccurate Items Reported
This isn’t unique to AFNI collection agency but we found that they have issues with keeping paperwork in order which can lead to reporting incorrect items to your credit report. When they buy debt from other collection agencies or from an original creditor, there isn’t always a perfect record of all the accurate details about the debt. Clerical errors or an improperly merged database can lead to credit reporting errors to the credit bureaus. When it comes to keeping your credit report timely and accurate, you are your own best (and sometimes only) advocate.
Always Do It in Writing
If you notice that your credit report is inaccurate, send a item verification letter to the credit bureaus and ask them to remove any items that you believe are incomplete or inaccurate. The best way to contact the credit bureaus is by letter. You want to make sure that you clearly indicate the items you believe are inaccurate and type the letter so they know the request isn’t frivolous. Including supporting documentation helps speed your case along. By law, once you contact the bureaus to dispute inaccurate information, the credit bureau should contact you within 30 days of when they start the investigation. If you include the time for mailing I would expect to hear back from them after 45 days from when you originally mail the item verification letter.
How to Contact AFNI Collections Agency
PO Box 3427
Bloomington, IL 61702-3427
Would you like to get AFNI and other negatives deleted from your credit report? Get a FREE credit consultation. Call 800-220-0084 now to speak with a credit expert.
Bad Credit Doesn’t Have to be Permanent
I didn’t become a credit expert because I thought it would be a fun hobby. A couple years ago I got into a situation that left my credit score in shambles. My credit report looked like a hit list of every kind of financial problem you could think of. I won’t get into too many details, but suffice it to say that I lost my job and I wasn’t able to bridge my financial obligations between when I lost my employment and got rehired somewhere else. I don’t feel bad sharing this since I don’t think I’m alone in my situation.
Life in the Trenches
I learned first hand what it’s like dealing with collection agencies. They constantly called me trying to get money I didn’t have to pay. I had enough to make my way forward but collection accounts were holding me back. After talking to a lawyer, I decided bankruptcy was the right option for me, although I wouldn’t recommend it for everyone. Knowing what I now know about having outstanding debts with collection agencies, I may have done things different but live and learn. The bankruptcy hurt my credit score even more, but to be honest it was so low before I filed I really didn’t mind because I felt like I was making a fresh start.
Pulling My Credit Score Out of the Toilet
Bankruptcy didn’t quite give me the fresh start in all the ways I was hoping for. Because of my poor credit, I didn’t have the ability to qualify for a home loan. I also had to buy cars that I could afford in cash. I didn’t want to talk to anyone about my credit situation and I avoided any situations where I felt like the topic of my bad credit might come up.
Lexington Law Saved the Day
A friend told me about Lexington Law Firm and was explaining to me what they were able to do for him. I think he probably knew I needed help and I’m glad he brought it up. At first, I was a little wary about talking to a stranger about my credit situation, but I soon realized that I wasn’t alone and I didn’t have to live stuck with bad credit.
Lexington Law Changed My Life
I called the 1-800 number on the Lexington Law website (800-220-0084) and spoke to a credit paralegal who was understanding of my situation. She really knew what she was talking about and helped me get signed up as a client. I wasn’t sure how soon I would start seeing results but I was really happy when I started seeing bad items on my credit reports coming off after a month.(See below).
AFNI Collections Removed from My Credit Report:
My credit scores have dramatically improved since there are no longer any negative accounts on my credit report. Here is a snap shot of my credit scores since I signed up with Lexington Law:
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- S., Lexington client
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Get AFNI Removed from Your Credit Report Now!
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