What does TRANSFINANCI mean on my credit report?

Learn about TRANSFINANCI, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
Header image


TRANSFINANCI is shorthand for Transfinancial, with the company name being Transfinancial Inc

TRANSFINANCI 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 Transfinancial.

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

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

About the account

  • ⚫ The average account balance is $300.

  • ⚫ The average high credit balance is $300.

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Transfinancial:


  • Address: 7922 Picardy Ave, Baton Rouge, LA 70809, United States





You can make a payment by going online to www.paytransfinancialonline.com, calling 225.767.5055 or 800.611.7508, emailing helpdesk@transfinancialco.com, or mailing to 7922 Picardy Ave, Baton Rouge, LA, 70809. You can also make a payment using a mobile app by accessing your online account, contacting us by phone, email, or mail. There are penalties for late or missed payments, such as late fees and increased interest rates. Prepaid debit cards are accepted as payment methods in many locations.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? Yes
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

They do not offer loan forgiveness. loan consolidation is not offered. Loan forgiveness can be available for those who qualify. Qualifying for loan forgiveness typically requires a borrower to be employed in a qualifying role, such as a teacher or public service employee, and make regular payments on their loan over a certain period of time. This period of time is usually ten years, depending on the type of loan. Some loans may also require the borrower to submit an application for loan forgiveness.

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

How to Apply

It is not possible to apply for a loan online, over the phone, or in person. Applying for a loan through a mobile app is possible and may be offered by many banks and financial institutions. It may be possible to apply for a loan with a cosigner.

Question Answer
Can I apply for a loan online? No
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? Yes

SmartCredit Report Example

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

TRANSFINANCI 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 TRANSFINANCI 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.