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.
How to Remove Transworld Systems from Your Credit Report
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 a collection account removed from your credit report before 7 years.
(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.
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. (TSI) Contact Information
Transworld Systems, Inc.
500 Virginia Dr Ste 514
Ft Washington, PA 19034-2707
Transworld Systems, Inc.
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 its 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 speaking to a collection agency on the phone. And making payments on the collection account will reset the clock. So instead of helping your credit, it could make it worse.
The best way to go about handling this is to work with 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 collection account 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.
Some states allow wage garnishment, while others do not. It is important to note that if you are in a state that does not allow wage garnishment, it is illegal for them to threaten to garnish your wages.
It is also illegal for Transworld Systems to make any claims they cannot or will not follow through on – this includes threatening to sue you or to foreclose on your home.
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 collection agency, you should also consider filing a complaint.
Despite the horrible customer reviews, Transworld Systems currently has an A+ rating with the Better Business Bureau.
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.
How Collections Affect Your Credit
Missed payments over several months will cause a hit to your credit score. Couple that with a collection account on your credit report, and it can definitely impact your ability to qualify for new credit.
Collection agencies often buy and sell debt from one another, so this can lead to multiple collections showing on your credit reports for the same account.
When this happens, if you don’t dispute the accounts, they will definitely harm your credit score.
Your Rights When Dealing with Transworld Systems, Inc.
There are strict regulations about what a collection agency can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect any debt, whether or not you actually owe it. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Transworld Systems to report inaccurate or incomplete information on your credit report.
- Debt validation. Under the FDCPA, you have the right to validate a debt. Upon request, the collection agency reporting the information must prove to you, within 30 days, that the account is really your responsibility and the amount of money you owe is accurate.
- All personal debts are covered, including personal credit cards, auto loans, household bills, and mortgage payments.
- Transworld Systems may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Transworld Systems must be honest about who they are and what they are trying to do. They must notify you that they are a collection agency both orally and in writing.
- Transworld Systems cannot threaten to have you arrested, and they are not allowed to threaten to take legal action if they have no intention of doing so.
More Tips on Dealing with Transworld Systems, Inc.
Avoid the phone. NEVER talk to a debt collector on the phone. The less they know about you, the better.
Politely tell them it’s your policy to deal with everything in writing. Request a letter with the original debt information and then hang up. If they keep calling, send them a cease & desist letter.
Record their phone calls. If you must deal with a debt collection agency on the phone, record them. Thirty-five states and the District of Columbia allow you to record your phone conversations secretly.
In the other 15 states, you can record with the other party’s permission. If you tell the debt collector you are going to record, and they keep talking, that’s considered giving permission. They will usually hang up.
Don’t believe what they say. Debt collectors are known to make false threats, lie, and tell you whatever they need to tell you to try to get you to pay the debt.
Don’t try to hide money. It’s considered fraudulent to hide money or assets from a legitimate collection agency if you owe them. However, it’s also best to avoid giving access to your bank account or credit card information.
Don’t apply for new lines of credit. It’s also considered fraudulent to apply for new lines of credit if you are unable to pay your current creditors.
Don’t ignore them. You can do things on your terms, but ignoring the situation will not make TSI go away. Ignoring them sets you up for a possible lawsuit.
Know Your State’s Statute of Limitations. Each state has a statute of limitations on debt. Once your debt reaches a certain age, it is considered “zombie debt,” and you are no longer legally obligated to pay it. The age limit varies from state to state, but usually, it’s around 4-6 years.
A collection agency is still allowed to contact you about these debts, but they can no longer sue you for them, and you are not required to pay them.
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.
1. Debt Validation
It’s your legal right under the FDCPA to have your debt validated by a debt collector. Collection agencies are required to provide all of the necessary proof 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 with the Credit Bureaus
For quick and likely successful results, consider hiring a professional credit repair company to help you get Transworld Systems removed from 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 7 million negative items for their clients in 2020 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 many people in your situation and have paralegals standing by waiting to take your call.
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