CFPB Complaint

TRANSWORLD SYSTEMS INC – CFPB Complaint

Consumer Complaint Submission

Date Received: 2017-05-11T00:00:00

Product: Other debt

Issue: Took or threatened to take negative or legal action

Consumer Consent Provided to Share Complaint: Consent provided

Consumer Complaint: The compan y Transworld Systems Inc. is a third- party company that bought a collection from a company by the name of XXXX XXXX XXXX . It was assigned on my credit report on XXXX XXXX , 2017 for the amount of {$1500.00}. The company then lowered that amount to {$510.00} on XXXX XXXX , 2017 . Transworld Systems Inc. is NOT a bonded third-party company in the state of Texas, therefore it is against the law to collect on a debt or report a debt to the credit bureaus. I contacted the company Transworld and asked that they verify information and was unsuccessful, Please remove from all XXXX bureaus immediately.

Company: TRANSWORLD SYSTEMS INC

State/Zip: TX 774XX

Company Response to Complaint: Closed with explanation

Was Company Response Timely: Yes

Did Consumer Dispute Company Response: N/A

Complaint ID: 2482416

The above data is from the Consumer Financial Protection Bureau. Keep in mind that every company will get a complaint from time-to-time, even the great ones. But there are a few key data points that will give you an idea about how well the company values their customers and handles consumer issues.

Look at the item Company Response to Complaint: and Did Consumer Dispute Company Response: to get a better idea of how this was resolved. And the field Consumer Complaint: can give you some context of the issue.

In particular what you are looking for was that the company response was timely and that the consumer did not dispute it. The posting of complaints has proven to be a valuable resource for both companies and consumers.

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