Transworld Systems Inc
Transworld Systems Inc
2235 Mercury Way, Ste 275
Santa Rosa, CA 95407
Transworld Systems Inc is a large national collection agency owned by the NCO Group. It operates under the brand name of GreenFlag Profit Recovery and Transworld Systems Commercial Division. Transworld Systems Inc has been in business since 1970 and has over 100 sales offices nationwide. They are licensed in every state where licensing is required.
Transworld System’s GreenFlag Profit Recovery marketing materials claim that they collect 3-4 times more than the industry average, with lower fees. Transworld Systems Inc stresses turning over delinquent accounts early, where the chance for collecting them is higher.
GreenFlag Profit Recovery by Transworld Systems Inc services include a series of 5 dunning letters, which are sold on a flat fee per collection in prepaid packages. There is an adage that people, “Do’t like to throw good money. after bad.” This is one obstacle Transworld Systems Inc has when they are selling their collection services to businesses. If the letters don’t work, more intensive collection phone calls are made by debt collectors. It has been reported that the contingency fee Transworld Systems charges (40%-50%) is larger then most other collection agencies’ contingency fees.
Transworld Systems Inc
Following are some complaints filed against Transworld Systems Inc:
Pissed Consumer Complaints
“Do Not Use This Company If You Want To Keep Good Relations With Your Customers!”
Complaints Board Complaints
“Beware”
My3cents Complaints
“Harassing Collectors”
Junk Debt Buyers Complaints
“Another common complaint is that consumers are contacted about further debt after they paid what they were told was the final payment.”
Stop Collector Complaints
“Transworld Systems doesn’t want to leave any maneuvering room for consumers at all.”
Transworld Systems Inc
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It seems that GreenFlag Profit Recovery has a large national sales force in many local markets, and that is Transworld’s marketing strategy. Like anyone you might do business with, if you are considering using Transworld Systems; ask for references, check the Better Business Bureau, and keep in mind that Transworld charges an up front fee for their letters.
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