Who is Transworld Systems?
Transworld Systems 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, Inc (TSI) 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.
Who does Transworld Systems collect for?
Transworld Systems collects delinquent debts for educational institutions, financial institutions, healthcare providers, state and federal government organizations, and other small and medium-sized businesses.
Is Transworld Systems legit or a scam?
Transworld Systems is a legitimate debt collection company. In fact, they are one of the largest debt collectors 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.
How can I remove Transworld Systems from my credit report?
Collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
Ready to Raise Your Credit Score?
Some clients have raised their credit scores
by 100 points* or more.
Lexington Law Firm is a credit repair company that helps people fix their credit.
In addition to collections, they can work with you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
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
Should I contact or pay Transworld Systems?
It’s best to avoid speaking to a collection agency on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. Of course, there are times when it’s best to just pay it, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Transworld Systems is to work with a credit repair professional. They help remove millions of negative items every year from companies like Transworld Systems on behalf of their clients.
Will Transworld Systems 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 help you dispute the Transworld Systems collection account with the credit bureaus and possibly remove it from your credit report. It’s also possible that you never hear from or have to deal with TSI again.
Some states allow wage garnishment, while others do not. If you are in a state that does not allow wage garnishment, it is illegal for a debt collector 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 foreclose on your home.
Is Transworld Systems hurting my credit score?
Missed payments over several months will cause a hit to your credit score. With a Transworld Systems collection on your credit report, it will reduce your ability to qualify for new credit even more.
Debt collection companies often buy and sell debt from one another, so this can lead to multiple collections placed on your credit report for the same account.
To get an account removed, you must file a separate dispute with each credit bureau; Equifax, Experian, and TransUnion, or it can negatively impact your credit score.
Transworld Systems Complaints
Most debt collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and the Better Business Bureau (BBB).
Most consumer 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 company, you should also consider filing a complaint.
Despite the horrible customer reviews, Transworld Systems currently has an A+ rating with the BBB.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Transworld Systems, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA and other federal laws provide 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 about you.
- You have a legal right to request debt validation on an alleged debt. Send Transworld Systems a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- 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 attempting to do. They must notify you that they are a debt collector both orally and in writing.
- Transworld Systems cannot threaten to have you arrested or imprisoned over unpaid debts.
Avoid the phone. Never talk to a debt collector on the phone. The less they know about you, the better.
Politely tell Transworld Systems it’s your policy to deal with everything in writing. Ask for a letter with details about the original debt, then hang up. If they keep calling, send them a cease and desist letter.
Record their phone calls. If you must deal with a debt collector on the phone, consider recording the conversation. In 35 states and D.C., it’s legal to secretly record phone calls. In the other 15 states, you can record with the other party’s permission. Simply informing the collector of your intention to record may count as permission.
Don’t believe what they say. Debt collectors are notorious for resorting to false threats, deceitful tactics, and any means necessary to coerce you into settling your outstanding debt.
Don’t attempt to hide money. Hiding money or assets from a legitimate debt collector is illegal if you owe them. However, bank account and credit card information should be kept private.
Don’t ignore them. You can do things on your terms, but ignoring the situation will not make Transworld Systems 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. Age limits vary by state, but it’s typically 4 to 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.
Remove Transworld Systems From Your Credit Report Today!
Lexington Law Firm can assist you in disputing Transworld Systems collection accounts with credit reporting agencies. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
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