CFPB Debt Collection Complaint Ranking*:
#14 of 2,458 Companies
Lawsuits, Penalties, or Sanctions:
Transworld System, Inc., as part of Expert Global Solutions (EGS), agreed to stop harassing debt collection phone calls and paid over $3 million – the largest-ever penalty for FTC violations.
Location and Contact Details:
507 Prudential Road
Horsham, PA 19044
Phone: 866-545-9262
Fax: 707-236-3809
Joseph E. Laughlin, Chief Executive Officer
Joshua Gindin Esq., Executive Vice President; General Counsel
Business Model:
Transworld Systems, Inc. is a privately held debt collection agency and is now known as TSI. It was founded in 1970 and is based in Horsham Pennsylvania.
Transworld System, Inc. is downgraded by Moody’s in 2014 with the outlook changed from “stable” to “negative.”
Transworld Systems Inc. provides accounts receivable, debt recovery, and past due accounts services for businesses, medical companies, dental companies, education facilities, Fortune 500 companies, and small businesses in the United States and internationally.
TSI, formerly part of NCO Financial/Expert Global Solutions (EGS) was sold to Platinum Equity in 2014.
TSI also does business as North Shore Agency Inc.
* Ranking determined by the overall number of debt collection complaints to the Consumer Financial Protection Bureau (CFPB) as of year-end 2015 and should be considered in context of company size and/or market share. See the CFPB debt collection complaint database in real-time here.
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