What does BARRIFINANCE mean on my credit report?

Is BARRIFINANCE making an impact on your credit score?

Updated January 1, 2023
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What is BARRIFINANCE?

BARRIFINANCE is shorthand for Barri Financial Group, with the company name being Barri Financial Group

BARRIFINANCE is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Barri Financial Group.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney
  • ⚫ Unsecured

How do I contact them?

Here is the current contact details for Barri Financial Group:

Address:

  • 9800 Centre Parkway, Suite 700 Houston,TX 77036, USA.

Website:

Email:

Phone:

Payments

Barri Money Services, LLC offers a variety of payment options including online payments, mobile app payments, wire transfer, and prepaid debit card. There does not appear to be any penalties for late or missed payments. Barri customer service can be reached at 1-800-926-2277 or complaints@barri.com.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Barri Financial Group does not offer loan forgiveness. they do not offer loan consolidation. Qualifying for loan forgiveness requires communication with Barri Money Services, LLC and/or the appropriate jurisdiction. Various methods of communication are listed, including telephone, letter, email, and online complaint forms.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

Contact Barri Money Services, LLC customer service to apply for a loan online or over the phone. The mobile app is also available for use. There is no option to apply for a loan in person or with a cosigner.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? No

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

BARRIFINANCE SmartCredit Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove BARRIFINANCE from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.