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What does Allied Interstate do?

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Quick Answer

Allied Interstate is a collections agency that calls debtors to collect on accounts. They also offer customer retention services. Blue-chip companies from many industries contract with Allied Interstate for their collection needs.

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Full Answer

Allied Interstate maintains customer privacy and does not share or sell customer information. As of 2015, the company has an A+ rating with the Better Business Bureau, although it is not accredited. Allied Interstate was founded in 1954. However, as of 1998, they are a subsidiary of iQor, states Bloomberg. Customers can contact Allied Interstate by calling 800-811-4214. The company is located at 435 Ford Road, Suite 800, Minneapolis, MN 55426-1066.

Although Allied Interstate strives to comply with debt collection regulations, in 2010 they were fined $1.75 million by the Federal Trade Commission for violations of the Fair Debt Collection Practices Act and the Federal Trade Commission Act. The fine was issued for violations that occurred between 2006 and 2008, states Daily Finance. After the ruling, Allied Interstate was required to close or suspend any collection account where a customer disputed the debt or the company did not have reliable or sufficient evidence of the debt. Collection efforts could only be resumed after an investigation, provided there was proof and documentation that the consumer owed the debt in question.

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