Transworld Systems Inc. Student Loan Complaint

Transworld Systems Inc. Student loan department,

Non-federal student loan Dealing with my lender or servicer Keep getting calls about my loan California

I attended - -, - ( formerly owned by - ) from -/-/--until they shut down unexpectedly in -/-/-. I was not allowed to finish my program but WAS left with all my student loans and huge debt for NOTHING in return. Referring to an article posted on Consumer Finance 's website on -/-/- I was " harmed by - predatory lending scheme '' and lured into taking out private loans with very high interest rates. They advertised bogus job prospects and career services on television, online, and brochures. Students were forced to buy expensive overpriced books that were either never used in class or opened - times all quarter. My credit history has been badly hurt because of the loans taken out for me to attend - -. According to the bulletin - ( owner of some of - schools ) agreed to remove negative information from student borrowers ' credit reports ; however, I am to this day still seeing negative credit report history and my credit has dropped by almost - points. These " - '' were owned/ran by the school and when it had to close were then consequently sold to University - - ( - ). I receive countless letters in the mail ( almost one a day ) and more then - phone call from - regarding my loans a day, every single day. Many promises were made by the school, its ' employees, and its ' ownership and not - was met. The financial opportunity to make money from students in need of a better life was seen by - and they lied and failed to do what they should have done. If I take out a loan and I leave, I still have to pay that loan back. But if I take out a loan and the SCHOOL leaves, I should NOT have to pay anything to an institution that cost the jobs of many people, hurt people financially, lied, cheated and wasted the time of the students in the schools that were owned by -. And for what? Greed?