Transworld SystemsIf Transworld Systems has contacted you about your debt, you need information to know what you should do and how to proceed wisely.
Who is Transworld Systems?Transworld Systems is a debt consolidation service that works with businesses to recover bad debt loans and past due accounts.
This company claims to have a success rate of 4 times the average of debt consolidation companies and has collected over $2 billion in the past 5 years. They have a 56% recovery rate that costs less than 4 cents for each dollar recovered.
They currently work with over 60,000 businesses. Some of their clients are banks, retailers, small businesses, hospitals, universities, and manufacturers.
This debt collection agency was started in 1970 and now has more than 100 locations across the country. The headquarters for Transworld is located in Racho Cordova, California.
This company is the home of the GreenFlag Profit Recovery System which claims to retain control, reduce costs by freeing up staff members, net more money by not using percentages, pay less with their low flat fee pricing, and recover more with early intervention.
Some of the services that they offer are education services, medical and dental services, final reminder programs, outsourcing services, demand/direct deposit account, and past due and bad collections.
Complaints about This Debt CollectorAlthough Transworld Systems advertises on their website that they are FDCPA compliant, many complaints have been filed against them.
As with many other debt consolidation companies, debt collector has been accused of harassment, rudeness, obscene language, and repeated telephone calls.
They have also been accused of trying to collect on debts that were not owed.
Another common complaint is that consumers are contacted about further debt after they paid what they were told was the final payment.
Other consumers have found that this company was taking more than their share of the debt payments after they contacted the original creditor and inquired about their payments.
Other complaints have been about attempts to contact Transworld directly about debt loan payments. These consumers complained that this company requested that the individual call them in the letter, but did not provide any contact information.
There are even complaints from unsatisfied clients of this company, who did not feel that they were treated properly.
Transworld is not an accredited business with the Better Business Bureau, although the BBB does give the company an A on a scale from A+ to F.
Most of the complaints that have been filed with the BBB have been for unauthorized charges, billing errors, and questionable debt collection practices.
Although Transworld might not be the best debt consolidation service to do business with, consumers should not use this as an excuse to remain in debt.
There are many reputable debt consolidation companies available that can help you to become debt free.
If you are looking for a do it yourself kind of solution, there are also many debt resources that you can purchase to help you pay off your debt.
Learn how many people just like you got this company off their backs!
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