Consumer complaint received 2019-12-13
Company: TRANSWORLD SYSTEMS INC
State: MN
Product: Student loan
Sub-product: Private student loan
Issue: Dealing with your lender or servicer
Sub-issue: Trouble with how payments are being handled

Complaint:
I'm writing regarding a private student loan taken out through XXXX XXXX XXXX XXXX XXXX in XXXX that went into default and then became a judgement against my co-signor and myself. The Consumer Financial Protection Bureau brought a claim against XXXX which became a judgement in XXXX stating that XXXX and it's servicers practiced illegal collection activities and falsified court documents to collect judgements against loan holders that they were not entitled to. 
I believe my loan is part of the class of loans that were fraudulently filed and had falsified documents to procure judgments against the loan holders. In my complaint you will find documents that prove my loan is part of the class of loans that are to be audited for accuracy, as well as additional information supporting my claim. 
I'm requesting that my loan be audited and have all collection activity ceased on our behalf until it can be proved that it is either legitimate and has the right to be collected on, or that it was filed with falsified information and indeed unlawful. I would like the outcome to follow the description in the judgement filed against the XXXX  ( court case number : XXXX ) I would also like my information to be updated as a lawsuit class member. 
In XXXX my co-signor and I took out a private student loan in the amount of {$20000.00}. It defaulted later that year as I was no longer in college and unable to make payments. Collection activities began immediately and by XXXX I was receiving threatening and unrealistic debt collection attempts from TransWorld Systems. In XXXX I was told if I didn't pay them {$2500.00} upfront and {$450.00} a month they would take me to court. I offered {$200.00} upfront and {$100.00} a month and they refused to work with me. 
The paperwork filed with the courthouse, ( Plaintiff ) states that we were served in XXXX for a judgement hearing against the defaulted loan, in which the court granted a default judgement in the plaintiffs name. A few things I would like to point out about this court paperwork and process : - The name on the complaint : Plaintiff : XXXX XXXX XXXX XXXX XXXX XXXX ; a XXXX Statutory Trust ( please see documents - shows that our loan is part of the lawsuit ) - The paperwork filed with the courthouse states that ( Plaintiff ) " lost '' original paperwork that was served to us ( Defendent ) but to the best of their knowledge the information was correct. ( see documents ) - I don't believe that the dates that we were served are true and correct on the court paperwork, but as the they stated that they lost the original paperwork, there is no way to be certain. 
-They also stated that the loan principal balance was {$29000.00} - we took out a loan for {$20000.00}, Interest in the amount of {$6100.00} from and before XX/XX/XXXX, as well as fees for a total of {$36000.00} This amount is almost double the total we took out 7 years earlier.

Company response to consumer: Closed with explanation