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.
Transworld Systems 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 file 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.
Transworld Systems Collections
Collections can hurt your credit score and remain on your credit report for up to 7 years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to have it removed before 7 years and you may not even have to pay it.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law is a credit repair company that helps people fix their credit. You may not even have to pay any of the debts on your credit report.
In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge offs, foreclosures, repossessions, judgments, tax liens, and bankruptcies.
Call Lexington Law now to learn more: (800) 220-0084
Transworld Systems Inc. Contact Information
PO Box 15630
Wilmington, DE, 19850
Phone number: (877) 865-7686 or (877) 282-1250
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.
Transworld Systems is a real, legitimate collection agency. In fact, they are one of the largest collection agencies and accounts receivable management companies in the world. Transworld Systems is hired by companies to assist them in debt recovery of past due accounts.
They’ve been in business for more than 50 years. In the last ten years alone, the company has 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 with them and are being actively hounded by Transworld Systems, you can expect to receive harassing phone calls and letters in the mail. This kind of aggressive behavior is why it’s vital to do a little research before you respond to them in any way.
Should I contact or pay Transworld Systems Inc.?
Nothing good can come from contacting a collection agency. And making payments on the debt will reset the clock. Not only will it not help your credit, but it could actually make it worse.
The best way to go about handling this is to contact a professional credit repair service. They have deleted millions of negative items from companies like Transworld Systems for millions of clients nationwide.
And they can help you too.
Will Transworld Systems Inc. sue me or garnish my wages?
It’s possible that a debt collection agency will resort to litigation and seek wage garnishment, but if you work with a law firm like Lexington Law, you have nothing to worry about. They will help you dispute the debt and possibly get it removed from your credit report. It’s also quite possible that you may never hear from or have to deal with TSI again.
Call Lexington Law to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.
Transworld Systems Inc. Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with a debt collector, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Lexington Law knows that you have rights and TSI does too.
Understand Your Rights
Did you know there are federal laws that protect consumers from companies like Transworld Systems?
The big one is called the Fair Debt Collections Practice Act, or FDCPA. This law sets out a number of guidelines for what a debt collection agency 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.
Can Transworld Systems collection accounts be removed from my credit report?
Just because a negative item is being reported to the three credit bureaus about you 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 couple of 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 a debt collection agency 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. Dispute the Collection Account
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.
Here’s a list of some of the nation’s most popular debt collectors that cause damage to your credit.
- 11 Charter Communications
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- Ad Astra Recovery Services
- Afni Collections
- Account Resolution Services
- CACH LLC
- Capio Partners
- Cavalry Portfolio Services
- Cavalry SPV I LLC
- CBE Group
- CCS Offices
- CMRE Financial Services
- Commonwealth Financial Systems
- Convergent Outsourcing
- Credence Resource Management
- Credit Collection Services
- Diversified Consultants
- Dynamic Recovery Solutions
- Enchanced Recovery Company
- EOS CCA
- GC Services
- Global Credit and Collection Corp
- Global Crossing Local Services
- Harris & Harris
- Healthcare Revenue Recovery Group
- Hunter Warfield
- IC System
- IQ Data International
- Jefferson Capital Systems
- LVNV Funding LLC
- McCarthy, Burgess & Wolff
- Midland Credit Management
- MiraMed Revenue Group
- MRS Associates
- MRS BPO LLC
- National Credit Systems
- Nationwide Recovery Service
- Northland Group
- Penn Credit
- Phoenix Financial Services
- PMAB LLC
- Portfolio Recovery Associates
- Reliant Capital Solutions
- Revenue Group
- Southwest Credit Systems
- Sprint Collections
- Transworld Systems
- USCB America
- Verizon Collections
- Wakefield and Associates