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Debt Collection Complaints Latest Data

Written by Steve Rhode

A big hat tip to the folks at Collections & Credit Risk for posting a breakdown of the CFPB October data on debt collection complaints.

According to the October data the debt collection complaints fell out like this:

  • 485 (40.9%) continued attempts to collect debt not owed
  • 244 (20.6%) communication tactics
  • 233 (19.6%) disclosure verification of debt
  • 82 (6.9%) false statements or representation
  • 80 (6.7%) improper contact or sharing of info
  • 62 (5.2%) taking/threatening an illegal action

You can read their full article here.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


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READ  FTC Report on Debt Collection Complaints



About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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