Class Eligibility

All persons that currently have addresses in the State of Illinois according to Defendants’ records that owe on a defaulted NCSLT loan and where the date of delinquency or last payment was made less than 10 years prior to the date of this Agreement.

There are approximately 8,854 people in the class. According to Defendants’ records, you are a Class member.

Estimated Amount

Varies

This settlement provides a variety of remedies inclusive of credit report entry removal, change in interest, change in terms of payment, period of grace with no interest assessed and well as other compensatory benefits described in question 5 of the official FAQ

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Proof of Purchase

Yes

Case Name

Sharon Eul, et al. v. Transworld Systems Inc., et al.,
Case No. 1:15-cv-7755
District Court for the Northern District of Illinois

Case Summary

This lawsuit claims that Transworld Systems Inc. (“TSI”), Weltman, Weinberg & Reis (“WWR”), Blitt and Gaines (“Blitt”), NCO Financial Systems n/k/a EGS Financial Care, Inc. (“EGS”) and various National Collegiate Student Loan Trust entities (“NCSLT”) (“Defendants”) violated state and federal laws in the process of collecting student loan accounts. For the purposes of the settlement, NCSLT includes the following trusts: National Collegiate Master Student Loan Trust-I, National Collegiate Student Loan Trust 2003-1, National Collegiate Student Loan Trust 2004-1. National Collegiate Student Loan Trust 2004-2, National Collegiate Student Loan Trust 2005-1, National Collegiate Student Loan Trust 2005-2, National Collegiate Student Loan Trust 2005-3, National Collegiate Student Loan Trust 2006-1, National Collegiate Student Loan Trust 2006-2, National Collegiate Student Loan Trust 2006-3, National Collegiate Student Loan Trust 2006-4, National Collegiate Student Loan Trust 2007-1, National Collegiate Student Loan Trust 2007-2, National Collegiate Student Loan Trust 2007-3, National Collegiate Student Loan Trust 2007-4.

Settlement Pool

N/A

Deadline

04/02/2018

Contact


Emiliya Gumin Farbstein
20 South Clark Street, Suite 1500
Chicago, IL 60603;
Telephone: (312) 917-4504
Facsimile: (312) 419-0379

One response to “Transworld Systems Student Loan Collection Class Action Settlement”

  1. Angel Hotaling says:

    I get these Phone calls no stop on all 3 of my phone’s .

    ADMIN – Hi Angel,

    Sounds like you are a class member. Consider filing a claim.

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