Alltran Financial Attempted to Collect Debt Amount Not Yet Due, Class Action Claims

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A proposed class action out of Wisconsin federal court claims that Alltran Financial LP sent to a consumer a collection notice in which it misrepresented the past-due amount on his Chase Bank account.

According to the case, the plaintiff received an account statement from Chase in February 2018 that indicated a minimum payment due of $2,038, a past due amount of $1,799 and a total outstanding balance of $11,305.11.

On March 7, 2018, the suit continues, the defendant sent the man a collection notice in which it listed a past due amount of $11,305.11. The case alleges the debt collector misstated that the plaintiff’s total account balance was due and owing.

“The unsophisticated consumer cannot determine whether the debt had been accelerated or not, or how much debt is actually due as of the date of [the collection letter],” the suit reads.

The complaint points out that Chase was not legally entitled to accelerate the debt before March 15th—the listed deadline for minimum payment in the man’s account statement.