Transworld Systems is a collection agency that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts.
With over 50 years of experience and a recovery record of about $6 billion for 60,000+ clients in the last decade, discovering Transworld Systems on your credit report is never a welcomed situation.
That said, it’s important to make sure you remove any negative entries added by Transworld Systems, such as collections or charge offs.
Owing to the recent unprofessional and ruthless practices of many collection agencies, reading this article will help you not only deal with Transworld collectors but also remove them from your credit report.
Know Your Rights With Transworld
First of all, if you have started to receive collection notices from Transworld, either by mail or phone, there is no need to panic.
These collection agencies are more bark than bite. In addition to making threats, they also might tell you that if you pay off the debt in full it will be removed from your credit report.
Not only is this untrue, but the debt they are attempting to collect might not even be yours!
Avoid Being Fooled
The first thing to know about working with any debt collector is to not make any arrangements solely over the phone, make sure the arrangement is completed in writing.
Because collection agencies such as Transworld Systems many times assume that you do not know your rights under The Fair Debt Collection Practices Act, they often employ questionable tactics in their debt collection process.
You can easily avoid getting fooled by simply understanding your rights.
In addition to not being allowed to harass you, debt collectors are restrained from:
- Persistently contacting you after you notify them to stop.
- Calling you before 8:00 A.M and after 9:00 P.M.
- Pushing hard for debt collection after your request to validate the debt.
- Making arrest and legal threats.
- Employing foul language.
- Threatening you with blackmail such as using false credit report information.
- Contacting you at work.
Ways to Remove Transworld From Your Credit Report
Many times collection agencies have inaccurate information about who really owns a debt they are attempting to collect.
Therefore, it’s extremely common that they have the wrong person, and this person unknowingly pays a debt that isn’t theirs. Unfortunately, collection agencies don’t care as long as they get paid.
Taking this into consideration, one of the first steps to take after being hit with a collection or charge off the entry you don’t recognize is opening a dispute with the three credit bureaus, Experian, Equifax, and Transunion.
The credit bureaus have 30 days to investigate the dispute. While the dispute investigation is going on, continue on with the following steps.
One technique you can use to start the removal process of Transworld Systems from your credit report is to request that they validate the debt.
Provided by the Fair Debt Collection Practices Act, you have the right to demand debt validation from a collection agency. Debt validation will require that they provide appropriate documents which states the debt is indeed yours.
You can check out my sample debt validation letter to get an idea of how to write this letter.
Once you sent your debt validation request, the collection agency has 30 days to provide the documentation that proves the debt is yours. If they are unable to provide such documentation, the negative entry will be removed from your credit report.
Make Payment to Remove Entry
This step can be taken if you don’t succeed with the steps mentioned above.
The goal here is to offer Transworld Systems payment and in exchange, they agree to remove the collection from your credit report. Most of the time this will work, but of course, you need to have the money to pay the debt in order for this to work.
When you go this route, make sure you get everything in writing, and again, don’t make any arrangements over the phone.
If the entry hasn’t been removed within 30 days of you making the payment, give them a call and remind them of the agreement.
Have a Professional Remove Transworld Systems
Lastly, having a professional handle Transworld is usually the quickest way to get negative entries removed, and it’s worked many times for me (and my readers).