What does TRANSWORLD SYSTEMS INC mean on my credit report?
Learn about TRANSWORLD SYSTEMS INC, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is TRANSWORLD SYSTEMS INC?
TRANSWORLD SYSTEMS INC is shorthand for TSI, with the company name being TSI Inc
TRANSWORLD SYSTEMS INC is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with TSI.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
How do I contact them?
Here is the current contact details for TSI:
Address:
- 7894 Winchester Rd #300, Memphis, TN 38125, United States
Website:
Email:
Phone:
Payments
You can pay your Transworld Systems Inc. (TSI) account(s) online by using a web registration code provided to you in one of their letters. The user name is your email address and the password must be 8 characters, at least one upper and one lower case, at least one number and at least one special character. You can make a payment using a mobile app by registering with a web registration code provided by Transworld Systems Inc. (TSI) in a letter sent to you. Your user name is your email address, and the password must be 8 characters with at least one upper and lower case letter, one number, and one special character. You can make a payment using a prepaid debit card. You must have a web registration code to use the TSI website for payments which is provided to you in one of the letters sent to you from TSI. Make sure the web registration code you entered exactly matches the one in your letter and you must create a password that has 8 characters, at least one upper and one lower case, at least one number, and at least one special character. You can make a payment using a wire transfer. TSI appears on bank statements as the third-party processor for payments. Consumers can pay TSI accounts online with a web registration code, which can be found in the letter sent by TSI. Registration requires an email address, password, and web registration code.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | No |
| Can I make payments over the phone? | No |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Payments.tsico does not offer loan forgiveness and they do not offer loan consolidation.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Transworld Systems Inc. (TSI) allows consumers to apply for and pay their accounts through their self-service website. To do so, consumers need a web registration code, which can be found in a letter sent from TSI. The Consumer Financial Protection Bureau (CFPB) has several helpful resources to help with financial education and growing savings.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | No |
| Can I apply for a loan using a mobile app? | No |
| Can I apply for a loan with a cosigner? | No |
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
How do I remove TRANSWORLD SYSTEMS INC from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.