Who is Transworld Systems?
Transworld Systems is one of the largest debt collection agencies in the United States, with multiple branches spread across the country.
If Transworld Systems appears on your credit report, it’s typically a sign that a company has enlisted their services to collect an unpaid debt linked to your name.
Transworld Systems, Inc (TSI) may appear on your credit report as any of the following entries:
- transworld inc
- transworld sys inc
- tsi co
- tsi/33
- tsi/51
- tsi/55
- tsi/940
- tsi/980
Who does Transworld Systems collect for?
Transworld Systems collects on behalf of a wide array of institutions and businesses. These include educational and financial institutions, healthcare providers, and even state and federal government organizations. Small and medium-sized businesses also form a part of their client base.
Is Transworld Systems legit or a scam?
Transworld Systems is a legitimate and reputable debt collection company. They are one of the largest debt collectors and accounts receivable management companies globally, with a track record stretching back over 50 years.
In the last decade alone, Transworld Systems has recovered approximately $6 billion for their clients, proving their effectiveness in the debt collection sector. Despite their legitimacy, it’s always important for consumers to verify any debts claimed by the agency.
How can I remove Transworld Systems from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
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Transworld Systems, Inc. (TSI) Contact Information
Address:
Transworld Systems, Inc.
500 Virginia Dr. Ste 514
Ft Washington, PA 19034-2707
Mailing Address:
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?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit. 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?
Transworld Systems has the option to sue for unpaid debts, although this step is usually taken as a last resort due to the time and resources it involves. If the company were to sue you and win a judgment, it could potentially lead to wage garnishment or a lien on your property, depending on the laws in your state.
However, prior to any lawsuit or wage garnishment, you should receive multiple communications from the collection agency.
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 disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Transworld Systems, Inc.
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- 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. They have 30 days to prove the debt is yours and the amount is accurate.
- Transworld Systems cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Transworld Systems must be honest about who they are and their purpose. 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 for unpaid debts.
Remove Transworld Systems From Your Credit Report Today!
Credit Saint offers assistance with disputing Transworld Systems collection accounts with credit reporting agencies. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
