TRANSWORLD SYSTEMS INC


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"Products" offered by TRANSWORLD SYSTEMS INC with at least one, but usually more complaints:

Bank account or service - Checking account
Checking or savings account - Checking account
Consumer Loan - Installment loan
Consumer Loan - Vehicle loan
Credit card -
Credit card - General-purpose credit card or charge card
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - Store credit card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting or other personal consumer reports - Other personal consumer report
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Auto
Debt collection - Auto debt
Debt collection - Credit card
Debt collection - Credit card debt
Debt collection - Federal student loan
Debt collection - Federal student loan debt
Debt collection - I do not know
Debt collection - Medical
Debt collection - Medical debt
Debt collection - Mortgage
Debt collection - Mortgage debt
Debt collection - Non-federal student loan
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Payday loan
Debt collection - Payday loan debt
Debt collection - Private student loan debt
Debt collection - Rental debt
Debt collection - Telecommunications debt
Debt or credit management - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Mortgage - Conventional home mortgage
Mortgage - Home equity loan or line of credit (HELOC)
Mortgage - Other mortgage
Mortgage - Other type of mortgage
Other financial service - Credit repair
Payday loan -
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Payday loan
Payday loan, title loan, or personal loan - Personal line of credit
Student loan - Federal student loan servicing
Student loan - Non-federal student loan
Student loan - Private student loan
Vehicle loan or lease - Lease
Vehicle loan or lease - Loan

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Complaint ID: 3417756

Date Received: 2019-10-25

Issue: Attempts to collect debt not owed

Subissue: Debt was result of identity theft

Consumer Complaint: XX/XX/2017 For the amount of {$230.00} from XXXX claiming I owe for rent a car service

Company Response:

State: WA

Zip: 98683

Submitted Via: Web

Date Sent: 2019-10-25

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3417754

Date Received: 2019-10-25

Issue: Attempts to collect debt not owed

Subissue: Debt was paid

Consumer Complaint: I called TSI in regards to an account that is closed with a XXXX balance, and attempted to ask for them to delete it and provide me with a deletion letter. I am under contract on a property which is impacting the mortgage I chose for 30 years. Please help. They do not provide deletion letters and I let them know I will be filing a complaint.

Company Response:

State: MD

Zip: 21229

Submitted Via: Web

Date Sent: 2019-10-25

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3416673

Date Received: 2019-10-24

Issue: False statements or representation

Subissue: Attempted to collect wrong amount

Consumer Complaint: XXXX XXXX XXXX XXXXXXXX XXXX ( XXXX XXXX ) turned over my account to Transworld Systems , Inc. ( TSI ) for collection in XX/XX/2019 for {$1000.00}. I have since made 6 payments for a total of {$300.00} that should bring my balance to {$690.00}. However, yesterday, XX/XX/2019, I discovered that TSI has my balance at {$770.00}. Please note that in the attached files you will see a balance {$1000.00} with TSI. Due to overlapping communication from both parties, I believed I had miscalculated my debt and that the initial bill from TSI of {$1000.00} was my remaining balance from XXXX XXXX. I have since discovered the additional {$34.00} is " interest '' added by TSI. Nowhere in any communication from TSI is an interest rate outlined, an APR specified, or fees mentioned. Additionally, my online login with TSI makes no mention of interest or fees. There is simply a discrepancy between my payment history amount and the remaining balance shown by TSI. When I called TSI yesterday, I was told they could, in fact, charge me interest with no further explanation. When I called XXXX XXXX, they were unaware of any interest charges from either party. Additionally, the balance shown them by TSI matched my payment history/records to total {$690.00}. After someone from XXXX XXXXXXXX contacted TSI, they were informed that if I pay XXXX XXXX directly the account would be closed once I have paid {$1000.00} total. However, if I make payments to directly to TSI the account would remain open until the initial {$1000.00} balance plus interest, at an unspecified rate, is paid in full. After doing some review of the Fair Debt Collection Practices Act found at https : //www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text Im concerned there are some violations. Specifically, the following : 807. False or misleading representations A debt collector may not use any false, deceptive, or misleading representation or means in connection with the collection of any debt. Without limiting the general application of the foregoing, the following conduct is a violation of this section : ( 2 ) The false representation of -- ( A ) the character, amount, or legal status of any debt 808. Unfair practices A debt collector may not use unfair or unconscionable means to collect or attempt to collect any debt. Without limiting the general application of the foregoing, the following conduct is a violation of this section : ( 1 ) The collection of any amount ( including any interest, fee, charge, or expense incidental to the principal obligation ) unless such amount is expressly authorized by the agreement creating the debt or permitted by law.

Company Response:

State: OK

Zip: 73013

Submitted Via: Web

Date Sent: 2019-10-24

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3413806

Date Received: 2019-10-22

Issue: Attempts to collect debt not owed

Subissue: Debt was paid

Consumer Complaint: Received a letter and calls from Nationwide credit , inc collection agency stated I owe {$170.00} to XXXX XXXX XXXX. I've paid and close my account with XXXX XXXX XXXX XXXX. I do not owe them anything.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: TX

Zip: XXXXX

Submitted Via: Web

Date Sent: 2019-10-22

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3412677

Date Received: 2019-10-21

Issue: Communication tactics

Subissue: Frequent or repeated calls

Consumer Complaint: Throughout XX/XX/2019, I have received multiple calls from this company. I have also asked them to not call me or anyone associated with me. They have called my mother in law way too many times asking for my partner. They have called my partner multiple times asking for me. I'm not sure what kind of operation is being ran there, but it needs to stop. I'm giving notice to cease all contact with me or anyone else except the creditor about this claimed debt. Only contact me in writing, not by phone. Thank you.

Company Response:

State: GA

Zip: 30135

Submitted Via: Web

Date Sent: 2019-10-21

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3412446

Date Received: 2019-10-21

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: I have no knowledge of this debt or collection, I have had full coverage for medical bills There is no need for this debt when I am fully covered with health insurance. I want these 2 accounts removed from my credit report

Company Response:

State: NY

Zip: 109XX

Submitted Via: Web

Date Sent: 2019-10-21

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3412217

Date Received: 2019-10-21

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: This Debt was with NCC, Where it was resolved and moved from My credit report, with the help of XXXX XXXX XXXX.It has been moved to another Credit Angecy which is Transward System. This Debt has been solved, So why was it moved to another Angecy and back on My Credit Report? It needs to be Removed Again. Thank You.

Company Response:

State: TN

Zip: XXXXX

Submitted Via: Web

Date Sent: 2019-10-24

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3411444

Date Received: 2019-10-20

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: cease desist all collection remove collection Debts from File.

Company Response:

State: DE

Zip: 19701

Submitted Via: Web

Date Sent: 2019-10-20

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3410090

Date Received: 2019-10-18

Issue: Dealing with your lender or servicer

Subissue: Trouble with how payments are being handled

Consumer Complaint: XX/XX/2019 Student Loans XXXX XXXX XXXX XXXX XXXX and University Accounting Services Unfair Lending Practices Are opaque lending practices really allowed under our Fair Lending Laws? During a phone conference, in which several participants from both University Accounting Services ( UAS ) and XXXX XXXX XXXX XXXX XXXX ( XXXX ), a UAS representative, when questioned about the lack of transparency in their lending practices, affirmatively indicated that UAS lending practices are more opaque. This letter serves as a formal request to both UAS and XXXX to retain the recording of that specific phone conversation from Monday, XX/XX/2019, as well as any and all other phone conversations involving the subject at hand. Below is the background which has brought this matter to where it is now We have a student loan with XXXX, which is serviced by UAS. The loan is currently interest only. Upon graduation, the loan will move to full repayment, principle and interest. Numerous attempts by email and phone have been made to understand how payments are being applied to the student loan. Ultimately having to leave a message with the President of XXXX, XXXX XXXX, was the only recourse before anyone would attempt to provide any meaningful assistance. Despite repeated requests, UAS can not and does not fully disclose the total monthly interest due every month. We continually receive payment notices where the payment due is {$0.00} or less than {$100.00}. Every month we pay in excess of {$500.00}, yet the principle balance never declines. Why? During one call, a UAS representative informed me the statements were not correct and that interest accrues daily on a variable interest rate loan. I asked again if my statement has {$00.00} balance due this month and I remit {$520.00}, why isnt the principle balance reduced when I specifically requested that the extra payment be applied to principle. The answer from UAS -- that we were past due on interest, yet no notice was provided to me by UAS as to the past due interest. The UAS representative responded that interest collects in another bucket. I asked why I was not informed of this other bucket, and why is there no transparency on their statements as to exactly what amounts are due ( both principle and interest ). How can a lender intentionally not report total interest due and not have to fully disclose any past due interest? Furthermore, UAS could not, and can not, provide a full reconciliation of our loan account. And in addition, when the loan moves to full repayment, all of the other bucket ( past due interest ), which has never been disclosed to me, will become part of the principle balance, and we will have to pay interest on interest. How, and why, is it permissible for XXXX and UAS to hide interest? This is not transparent or fair lending. How many thousands of student loan accounts are involved? Its no surprise that students can never get ahead of their loans. These practices are misleading to consumers and raise questionable ethical and fraudulent business practices. Its time for lenders to be held fully accountable for their student loan portfolio lending practices. If they are allowed to continue with opaque lending practices, students will never have the opportunity to get ahead of these loans or pay them off. By this letter, I am respectfully requesting that that both XXXX and UAS lending practices be thoroughly investigated for compliance with all laws and regulations.

Company Response:

State: SC

Zip: 29707

Submitted Via: Web

Date Sent: 2019-10-18

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 3408660

Date Received: 2019-10-17

Issue: Struggling to repay your loan

Subissue: Problem lowering your monthly payments

Consumer Complaint: Recently, this company has started garnishing my check without my knowledge. They never warned me 30 days prior. They never showed me how much I owe or anything. I am attaching a letter that explains of the private loan and the creditors. The loan is over 15 years old and seems to follow the statue of limitations of private loan rule. all of sudden in 2019 they garnish my wages without my knowledge

Company Response:

State: TX

Zip: 77598

Submitted Via: Web

Date Sent: 2019-10-25

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.