Are you Being Called by Transfinancial Companies?*

When debt collectors contact you, they want you to believe that they are the ones in control. They say that they can call you as often as they want and do “whatever it takes” to make you pay. Don’t be fooled by this aggressive facade.

As an indebted consumer, the law is on your side.

Your Rights Under the FDCPA

The Fair Debt Collection Practices Act, or FDCPA, has been protecting the rights of consumers for over 40 years. It gives you the right to dispute a debt and tell a collection agency to stop calling you. It also allows you to take legal action when a debt collector uses abusive methods like those below:

• Posing as law enforcement officers
• Failing to report your dispute to the credit bureaus
• Shouting and swearing at you over the phone
• Demanding payment for a debt discharged in bankruptcy
• Calling before 8:00 am or after 9:00 pm.
• Calling repeatedly or continuously

Company Profile: Transfinancial Companies Credit Recovery and Management Systems

If you are being called by Transfinancial Companies Credit Recovery and Management Systems, here are more details about the company history and operations.

Transfinancial Companies Credit Recovery and Management Systems is a debt collection agency located in Baton Rouge, Louisiana. It was founded in 1992, has 15 employees, and is managed by its President, Anthony Verdicanno.

Civil litigation records archived at the PACER website confirms that consumers who felt they were being harassed by Transfinancial Companies Credit Recovery and Management Systems exercised their right to fight back.

Alleged Violations against Transfinancial Companies Credit Recovery and Management Systems

According to PACER, on or around July 20, 2016, Transfinancial Companies Credit Recovery and Management Systems, sent a collection letter to an Indiana consumer regarding a medical debt.

He alleged that the letter failed to advise him that disputes had to be in writing to be effective and that requests for the name of the original creditor had to be in writing.

Feeling harassed by Transfinancial Companies Credit Recovery and Management Systems, the consumer sued the company for allegedly:

• Failing to clarify his dispute rights
• Using unfair and unconscionable means to collect a debt

The matter was later settled.

Hire a Consumer Lawyer

The phone number for Transfinancial Companies Credit Recovery and Management Systems is 1-225-767-5055. Seeing it on your caller ID means that Transfinancial Companies Credit Recovery and Management Systems is on the line.

If they send you letters that fail to clarify your dispute rights, hire a consumer lawyer and file a claim against Transfinancial Companies Credit Recovery and Management Systems.

The agency’s failure to be more transparent in its communications with you could backfire and cost it $1,000, plus the cost of your legal fees. Don’t be bullied or deceived by collection agencies when you are entitled to better treatment.

Additional Resources

• How to Settle a Debt With a Collection Agency
• What Materials Should I Keep for an FDCPA Claim?

Case taken from PACER (pacer.gov). File number is Case 1:16-cv-02072-JMS-MJD from the United States District Court for the Southern District of Indiana, Indianapolis Division.

*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Transfinancial Companies Credit Recovery and Management Systems,, or any other third-party collection agency, you may not be entitled to any compensation.