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Debt Collection Complaints Latest Data

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.


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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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