Who is Transworld Systems?
Transworld Systems, Inc. (TSI) is a debt collection agency with numerous locations throughout the US. You may see them listed on your credit report as a collections account.
They may appear on your credit report as any of the following entries:
- transworld collections
- transworld inc
- transworld sys inc
- transworld systems debt collection
- tsi co
If you recently applied for credit and got denied, or pulled your credit report and were surprised by one or more negative entries from Transworld Systems, you’re not alone. But you don’t have to sit idly by and wait years for your credit to slowly repair itself.
By taking a few proactive steps, you may be able to get that Transworld Systems entry permanently removed from your credit report.
Ready to find out how?
Lexington Law is a credit repair company that may be able to help you fix your credit. You may not even have to pay any of the debts on your credit report.
In addition to collections, Lexington Law may also be able to help you remove other inaccurate information from your credit report. These items include inquiries, late payments, charge offs, foreclosures, repossessions, judgments, liens, and bankruptcies.
Call Lexington Law now to learn more: (800) 220-0084
What to Know About Transworld Systems
Before you dive into a step by step guide to getting your negative entry removed, first understand why you have one from Transworld Systems in the first place.
They are a real, legitimate collection agency. In fact, they are one of the largest collection agencies in the world. They’re hired by companies to go after past due accounts and recover the debt.
They’ve been in business for more than 50 years. In the last ten years alone, they’ve recovered about $6 billion for their clients. That may seem like a lot of muscle — but not when you know how to react.
If you have an open negative account on your credit report and are being actively hounded by Transworld Systems, you can expect to receive either phone calls or letters in the mail, or both. Since many debt collectors can be aggressive and misleading, it’s vital to do a little research before you respond to them in any way.
Transworld Systems Contact Information
PO Box 15630
Wilmington, DE, 19850
Phone number: (877) 865-7686 or (877) 282-1250
Understand Your Rights
Did you know there are federal laws that protect consumers from shark-like debt collectors?
The big one is called the Fair Debt Collections Practice Act, or FDCPA. This law sets out a number of guidelines for what debt collectors may and may not do in the process of collecting money from someone.
Here are the major provisions of the FDCPA:
- They must stop contacting you if you ask them to
- They may not call you before 8:00 a.m. or after 9:00 p.m.
- They can’t push for payment after you request debt validation
- They can’t make empty threats regarding lawsuits
- They can’t charge you more than what you owe
- They can’t call you at work if you tell them not to
- They can’t reveal your debt to third parties
Why do you need to know all of this?
You need to know your legal rights so that you can respond appropriately when necessary. If they violate the FDCPA, then they’ve broken the law. You can submit a formal complaint to the Federal Trade Commission and also contact your state attorney general.
Debt collection agencies are betting on your ignorance so they can bully you into an arrangement that probably isn’t in your best interest. By understanding the law, you can let them know that you’re not someone they can push around.
3 Ways to Remove Transworld Systems from Your Credit Report
Just because a negative item is listed on your credit report doesn’t mean it’s accurate or verifiable. This can work in your favor when it comes time to get Transworld Systems removed from your credit report.
There are a few different paths you can take. We’ll go through each one so you know exactly what to do.
1. Debt Validation
It’s your legal right under the FDCPA to have your debt validated by a debt collector. This means they are required to provide all of the necessary documentation that you do indeed owe the money. This helps to make sure you’re not accidentally being charged for someone else’s debt or something you’ve already paid.
Because let’s face it: if there’s one thing humans are capable of, it’s administrative errors. That means that debt collection agencies must maintain strict records. If they don’t, then you can’t be hounded for the money because there’s no proof that you have that financial obligation.
If their records are missing or incomplete, they may send the debt back to the original creditor, which is legal for them to do. There’s also a chance that they’re simply incorrect if you’ve already settled the debt or if it does in fact actually belong to someone else.
Debt validation is an important step in clarifying what the real situation is regarding the potential obligation. And it’s definitely a right worth exercising.
2. Pay for Delete
This essentially means settling the debt with Transworld Systems in return for having the negative item removed from your credit report. If you do truly owe the money, you can try negotiating for a lower amount to settle.
There are a couple of best practices to follow to make sure this works out in your favor. First, don’t make any payment before you receive an agreement from them in writing. So if you come to an agreement over the phone with a representative, they should follow up with a formal document.
Second, make sure that the entry removed from your credit report is part of the written agreement. Too often, people pay a settlement and are surprised that the debt collection agency won’t agree to remove anything. Again, you need to get everything clearly in writing before you give them any money.
Finally, follow up and look at your credit report a month or two after your payment and make sure they made good on their promise. If the entry is still listed, you need to call them and remind them of their end of the bargain.
3. Dispute the Collection Acccount
For quick and likely successful results, consider hiring a professional credit repair company to help you get Transworld Systems off your credit report for good.
The top credit repair companies have a legal staff that knows the FDCPA and other laws inside and out and can save yourself countless hours on the phone.
Lexington Law specializes in disputing Transworld Systems accounts. They have over 28 years of experience and have removed over 10 million negative items for their clients in 2018 alone.
Get Your Collections Removed Today!
If you’re looking for a reputable company to help you with collection accounts and repair your credit, we HIGHLY recommend Lexington Law.
Call them at (800) 220-0084 for a free credit consultation. They have helped plenty of people in your situation and have paralegals standing by waiting to take your call.
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