Transworld Systems Student Loan Collection Class Action Settlement
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
Proof of Purchase
Yes
Claim Form
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
Settlement Website
Deadline
04/02/2018
