Adesa Corporation -- Consumer Complaint Report & Risk Analysis
ADESA Debt Collection Practices
Complaint Summary
Adesa Corporation has received 4 consumer complaints filed with the CFPB across 2 products. The most common issues reported are took or threatened to take negative or legal action, struggling to pay your loan. Complaints span 2 states, with South Carolina and Tennessee leading in complaint volume.
Company Overview
Company: Adesa Corporation
Total CFPB Complaints: 4
AI Risk Score: 65/100
Most Recent Complaint: 2021-06-03T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
ADESA CORPORATION has 4 consumer complaints on file with the CFPB. Took or threatened to take negative or legal action Struggling to pay your loan
Response Quality Assessment
fair
Top Consumer Issues
ADESA's debt collection practices -- Severity: medium
Red Flags
- ADESA has taken or threatened to take negative or legal action against customers who are struggling to pay their loans.
Green Flags
- ADESA has not been reported to have any green flags in their debt collection practices.
Consumer Tips & Advice
Consumers should be aware of ADESA's debt collection practices and ensure they communicate any issues promptly.
Complaint Trend Analysis
There is a trend of increasing complaints about ADESA's debt collection practices, particularly regarding negative or legal actions taken against customers.
Regulatory History
ADESA has a history of regulatory actions related to debt collection practices, with some complaints being resolved through mediation.
Industry Context
The automotive industry often faces challenges with debt collection, especially with vehicle loans or leases.
Frequently Asked Questions About Adesa Corporation
How many CFPB complaints does ADESA CORPORATION have?
ADESA CORPORATION has 4 complaints on file with the CFPB. The most recent complaint was filed on June 3, 2021.
What is ADESA CORPORATION's complaint response rate?
Response rate data is not yet available for ADESA CORPORATION.
Does ADESA CORPORATION respond to complaints on time?
Timely response data is not yet available for ADESA CORPORATION.
Is ADESA CORPORATION safe to do business with?
ADESA Debt Collection Practices ADESA CORPORATION has 4 CFPB complaints. Risk score: 65/100.
What red flags exist for ADESA CORPORATION?
Potential red flags for ADESA CORPORATION: ADESA has taken or threatened to take negative or legal action against customers who are struggling to pay their loans.. These are based on analysis of CFPB complaint patterns.
What are ADESA CORPORATION's strengths?
Positive indicators for ADESA CORPORATION: ADESA has not been reported to have any green flags in their debt collection practices..
What tips should consumers know about ADESA CORPORATION?
Consumers should be aware of ADESA's debt collection practices and ensure they communicate any issues promptly.
Are complaints against ADESA CORPORATION increasing or decreasing?
There is a trend of increasing complaints about ADESA's debt collection practices, particularly regarding negative or legal actions taken against customers. ADESA CORPORATION currently has 4 total complaints.
Has ADESA CORPORATION faced regulatory action?
ADESA has a history of regulatory actions related to debt collection practices, with some complaints being resolved through mediation.
How does ADESA CORPORATION compare to industry peers?
The automotive industry often faces challenges with debt collection, especially with vehicle loans or leases.
What unique insight can be provided about ADESA's debt collection practices?
ADESA has a history of taking or threatening legal action against customers who are struggling to pay their loans, which is a common issue in the automotive industry.
Recent Complaints Against Adesa Corporation
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #7348428 | Vehicle loan or lease | Struggling to pay your loan | 2023-08-03T12:00:00-05:00 | Tennessee | |
| #4989889 | Debt collection | Took or threatened to take negative or legal action | 2021-12-08T12:00:00-05:00 | South Carolina | |
| #4989375 | Debt collection | Took or threatened to take negative or legal action | 2021-12-08T12:00:00-05:00 | South Carolina | |
| #4430567 | Debt collection | Took or threatened to take negative or legal action | 2021-06-03T12:00:00-05:00 | South Carolina |
Adesa Corporation Complaints by State
- Adesa Corporation Complaints in South Carolina -- 3 complaints
- Adesa Corporation Complaints in Tennessee -- 1 complaints
Adesa Corporation Complaints by Product
Adesa Corporation Complaints by Issue
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Adesa Corporation is generated by ReadTheComplaint using AI analysis of data from the CFPB.