Afni Collections Inc. is a massive debt collection agency. They employ over 5,000 people in two countries and 11 U.S. states. According to their website, Afni has been in business for over 77 years. This collection agency is formerly known as Anderson Financial Network.
Never Just Pay Afni Collections
One of the biggest mistakes consumers make when they are contacted by a collection agency. Is to just blindly go paying off collections, immediately. If you do this, you will continue to have a debt collection on your credit report. The only thing that will change is the collection status from unpaid to paid. This is still a negative item that will damage your credit score.
What Type of Debt Does Afni Collect On?
Afni Inc. is a first and third-party debt collection agency. This means that they will work directly with lenders. And they will purchase old junk debt accounts from other collection agencies. There are many reports of Afni sending out collection notices on old Verizon and AT&T accounts.
404 Brock Drive
Bloomington, IL 61702-3427
Phone Number: 1-800-767-2364
The address above is for the Afni Inc. headquarters. They also have offices in Tucson, AZ; Evans, Colorado; Opelika, Alabama; Peoria, Illinois; San Antonio, Texas; and Bowling Green, Kentucky.
If you have been contacted by Afni, it is important to follow the five steps below. And protect your rights, your money, and your credit reports from this aggressive debt collector.
5 Steps To Fight Back Against Afni
1. Validate Your Debt
Is Afni currently contacting you? If so, we urge you to request debt validation. This is going to require Afni to give you legal documentation, that shows you two things: first, they are the legal owners and have collection rights on your debt account. Second, your debt is legitimate and within the statute of limitations (this varies by state).
2. If Your Debt Is Valid Negotiate a Settlement Agreement
If you have a valid debt, then you should negotiate a settlement payment with Afni. It is very important that you do not pay the full balance on your debt. Afni may have purchased the collection rights for just a fraction of the balance. This means that they will be happy to accept a payment for less.
The exact amount that will be required for paying off debt in collections, will depend upon your negotiation skills. As a condition of your settlement payment, you must get Afni to stop reporting negative information to the credit bureaus. Then after you make your settlement payment to Afni, you can start getting collections removed from credit report files, successfully.
3. Credit Report Dispute
It is your legal right to dispute credit report items that you believe are questionable. In other words, you can legally challenge any information on your credit reports. You simply have to believe it is incorrect.
When you file a credit bureau dispute the bureaus must investigate the information. The credit bureaus will contact Afni and ask them to verify your account information. If Afni does not verify your account, then the credit bureaus must remove the debt collection from your credit report.
4. A Dirty Collection Agency Secret
A dirty secret about the collection agency industry is, they will only typically hold collection rights on your account for about six months. What does this mean? If Afni currently has the collection rights on your account and you do not resolve this, then Afni will stop contacting you after six months.
At this point in time, Afni will typically sell the collection rights on your debt to another collection agency. This new debt collector can: report negative information on your credit report, contact you for payment, and even file a lawsuit against you!
5. Don’t Let This Become a Big Problem
If you have an alleged debt with Afni please address this issue immediately. Many people have turned to expert credit repair services for help. Did you know that some collection agencies will attempt to collect debts by suing you in a civil court?
It happens every day! You may be shocked to hear that some consumers have been sued and found responsible for debts that they never even owned! If you get sued by a collection agency and are found responsible. Then you will have a judgment placed on your credit report.
This is one of the worst items to have on your credit! It can potentially lead to wage garnishment and liens placed against you or your property. Instead, please address this issue with Afni before it becomes a bigger problem.
In sum, your credit score is just like your Grade Point Average (GPA) in school days past. It doesn’t matter if you’re acing all your classes, if you’re failing underwater basket weaving, because this one negative mark is going to destroy your overall GPA.
This is also true of your credit score. FICO is very open about this. And this is precisely why it’s so essential to clean credit report dings, blemishes, and remove any negative items. We encourage our members to consider professional, legal, and effective credit repair companies.
Because in 2016 alone, over 9 million negative items were removed from consumer’s credit reports. One of the best firms is The Credit Pros. They’ve helped client’s successfully remove collections, late payments, charge offs, judgements, liens, and many more negative credit report items.
Get a free credit consultation with a certified FICO professional by calling toll-free 1-877-418-7596. And for more tips, techniques, and strategies about how to improve my credit score with Dan Willis, sign up for our free newsletter and join our congregation.
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