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

8 responses 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.

  2. Amanda Onion says:

    I’m not sure if that’s where my student loans are through. Is there a way to find out if I’m eligible? I have loans from DePaul University in Chicago where I still live.

    ADMIN – Hi Amanda,

    You can contact the class action administrator to verify if you are eligible.

  3. Theresa Gulli Sanzi says:

    Hi I’m not sure if I’m on that list. I have loans and live in Illinois. My name is Theresa Gulli Sanzi

    ADMIN – Hi Theresa,

    We can’t check that for you. you need to contact the class action administrator.

  4. Regina says:

    I receive emails and phone calls daily from them

  5. Regina says:

    Please let me know if I should file or not

    ADMIN – Hi Regina,

    To decide if you should file please read the section titled class eligibility.

  6. Juan Cruz says:

    I think I am eligible for a claim please let me know if I am. I am constantly gettting calls from these companies. starting to feel a bit harassed>. Thank you.

    ADMIN – Hi Juan,

    If you believe you are a class member file a claim using the link provided.

  7. Theresa (Gulli) Sanzi says:

    Hello
    I think I may be part of this group. I have been divorced since and have moved several times. Please check this for me. Thank you.

    ADMIN – Hi Theresa,

    We are not in a position to check this for you. You must check it yourself by contacting the class action administrator

  8. Mark says:

    I have a loan with them and they froze my account . I got it unfrozen but with this lawsuit can they take me back to court for wage garnishment

    ADMIN – Hi Mark,

    I don’t think this is related to the status of the account. It has to do with illegal robocalls.

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