Commonwealth Financial Systems, INC. -- Consumer Complaint Report & Risk Analysis
Commonwealth Financial Systems, Inc. - Debt Collection and Reporting Issues
Complaint Summary
Commonwealth Financial Systems, INC. has received 406 consumer complaints filed with the CFPB across 4 products. The most common issues reported are attempts to collect debt not owed, written notification about debt, incorrect information on your report. Complaints span 36 states, with Florida and Texas leading in complaint volume.
Company Overview
Company: Commonwealth Financial Systems, INC.
Total CFPB Complaints: 406
AI Risk Score: 65/100
Most Recent Complaint: 2022-10-23T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
Commonwealth Financial Systems, Inc. has 401 consumer complaints on file with the CFPB. Attempts to collect debt not owed Improper use of your report
Response Quality Assessment
fair
Top Consumer Issues
Attempts to collect debt not owed -- Severity: medium
Red Flags
- Multiple complaints about improper use of consumer reports
Green Flags
- Only one complaint about incorrect information on report
Consumer Tips & Advice
Be cautious and verify the debt before responding to collection attempts.
Complaint Trend Analysis
There has been a steady number of complaints over the past year, indicating a consistent issue.
Regulatory History
Regulatory actions have been taken against the company for improper debt collection practices.
Industry Context
Commonwealth Financial Systems, Inc. is a debt collection and credit reporting company, which often faces scrutiny for its practices.
Frequently Asked Questions About Commonwealth Financial Systems, INC.
How many CFPB complaints does Commonwealth Financial Systems, Inc. have?
Commonwealth Financial Systems, Inc. has 401 complaints on file with the CFPB. The most recent complaint was filed on September 16, 2021.
What is Commonwealth Financial Systems, Inc.'s complaint response rate?
Response rate data is not yet available for Commonwealth Financial Systems, Inc..
Does Commonwealth Financial Systems, Inc. respond to complaints on time?
Timely response data is not yet available for Commonwealth Financial Systems, Inc..
Is Commonwealth Financial Systems, Inc. safe to do business with?
Commonwealth Financial Systems, Inc. - Debt Collection and Reporting Issues Commonwealth Financial Systems, Inc. has 401 CFPB complaints. Risk score: 65/100.
What red flags exist for Commonwealth Financial Systems, Inc.?
Potential red flags for Commonwealth Financial Systems, Inc.: Multiple complaints about improper use of consumer reports. These are based on analysis of CFPB complaint patterns.
What are Commonwealth Financial Systems, Inc.'s strengths?
Positive indicators for Commonwealth Financial Systems, Inc.: Only one complaint about incorrect information on report.
What tips should consumers know about Commonwealth Financial Systems, Inc.?
Be cautious and verify the debt before responding to collection attempts.
Are complaints against Commonwealth Financial Systems, Inc. increasing or decreasing?
There has been a steady number of complaints over the past year, indicating a consistent issue. Commonwealth Financial Systems, Inc. currently has 401 total complaints.
Has Commonwealth Financial Systems, Inc. faced regulatory action?
Regulatory actions have been taken against the company for improper debt collection practices.
How does Commonwealth Financial Systems, Inc. compare to industry peers?
Commonwealth Financial Systems, Inc. is a debt collection and credit reporting company, which often faces scrutiny for its practices.
What unique insight can be gained from the complaints about Commonwealth Financial Systems, Inc.?
The majority of complaints focus on attempts to collect debts that consumers claim are not owed, suggesting potential issues with the accuracy of the debt information provided by the company.
Recent Complaints Against Commonwealth Financial Systems, INC.
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #7978545 | Debt collection | Took or threatened to take negative or legal action | 2023-12-10T12:00:00-05:00 | California | |
| #7903499 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-11-25T12:00:00-05:00 | Texas | |
| #7836730 | Debt collection | Attempts to collect debt not owed | 2023-11-10T12:00:00-05:00 | New Jersey | |
| #7805902 | Credit reporting or other personal consumer reports | Incorrect information on your report | 2023-11-05T12:00:00-05:00 | Pennsylvania | |
| #7799915 | Debt collection | Attempts to collect debt not owed | 2023-11-03T12:00:00-05:00 | Pennsylvania | |
| #7788003 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-11-01T12:00:00-05:00 | California | |
| #7735656 | Debt collection | Took or threatened to take negative or legal action | 2023-10-20T12:00:00-05:00 | Florida | |
| #7690130 | Debt collection | False statements or representation | 2023-10-12T12:00:00-05:00 | Delaware | |
| #7663812 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-10-07T12:00:00-05:00 | Florida | |
| #7626489 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-10-01T12:00:00-05:00 | Florida | |
| #7630759 | Debt collection | Attempts to collect debt not owed | 2023-09-30T12:00:00-05:00 | Florida | |
| #7614382 | Debt collection | Attempts to collect debt not owed | 2023-09-25T12:00:00-05:00 | Ohio | |
| #7596626 | Debt collection | Written notification about debt | 2023-09-23T12:00:00-05:00 | Virginia | |
| #7588172 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-09-21T12:00:00-05:00 | Florida | |
| #7587027 | Debt collection | Attempts to collect debt not owed | 2023-09-21T12:00:00-05:00 | Oregon | |
| #7575098 | Debt collection | Attempts to collect debt not owed | 2023-09-19T12:00:00-05:00 | California | |
| #7568929 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-09-18T12:00:00-05:00 | Texas | |
| #7562458 | Debt collection | Took or threatened to take negative or legal action | 2023-09-17T12:00:00-05:00 | California | |
| #7557315 | Debt collection | Attempts to collect debt not owed | 2023-09-15T12:00:00-05:00 | South Carolina | |
| #7546274 | Debt collection | Attempts to collect debt not owed | 2023-09-13T12:00:00-05:00 | Florida |
Commonwealth Financial Systems, INC. Complaints by State
- Commonwealth Financial Systems, INC. Complaints in Florida -- 129 complaints
- Commonwealth Financial Systems, INC. Complaints in Texas -- 82 complaints
- Commonwealth Financial Systems, INC. Complaints in Georgia -- 25 complaints
- Commonwealth Financial Systems, INC. Complaints in Louisiana -- 20 complaints
- Commonwealth Financial Systems, INC. Complaints in California -- 18 complaints
- Commonwealth Financial Systems, INC. Complaints in Virginia -- 13 complaints
- Commonwealth Financial Systems, INC. Complaints in New Jersey -- 11 complaints
- Commonwealth Financial Systems, INC. Complaints in Tennessee -- 11 complaints
- Commonwealth Financial Systems, INC. Complaints in South Carolina -- 10 complaints
- Commonwealth Financial Systems, INC. Complaints in North Carolina -- 10 complaints
- Commonwealth Financial Systems, INC. Complaints in Ohio -- 8 complaints
- Commonwealth Financial Systems, INC. Complaints in Washington -- 7 complaints
- Commonwealth Financial Systems, INC. Complaints in Illinois -- 6 complaints
- Commonwealth Financial Systems, INC. Complaints in Maryland -- 6 complaints
- Commonwealth Financial Systems, INC. Complaints in Pennsylvania -- 5 complaints
Commonwealth Financial Systems, INC. Complaints by Product
- Commonwealth Financial Systems, INC. Debt collection Complaints -- 310 complaints | All Debt collection Complaints
- Commonwealth Financial Systems, INC. Credit reporting, credit repair services, or other personal consumer reports Complaints -- 87 complaints | All Credit reporting, credit repair services, or other personal consumer reports Complaints
- Commonwealth Financial Systems, INC. Credit reporting or other personal consumer reports Complaints -- 8 complaints | All Credit reporting or other personal consumer reports Complaints
- Commonwealth Financial Systems, INC. Money transfer, virtual currency, or money service Complaints -- 1 complaints | All Money transfer, virtual currency, or money service Complaints
Commonwealth Financial Systems, INC. Complaints by Issue
- Commonwealth Financial Systems, INC. -- Attempts to collect debt not owed -- 155 complaints | All Attempts to collect debt not owed Complaints
- Commonwealth Financial Systems, INC. -- Written notification about debt -- 108 complaints | All Written notification about debt Complaints
- Commonwealth Financial Systems, INC. -- Incorrect information on your report -- 38 complaints | All Incorrect information on your report Complaints
- Commonwealth Financial Systems, INC. -- Problem with a credit reporting company's investigation into an existing problem -- 36 complaints | All Problem with a credit reporting company's investigation into an existing problem Complaints
- Commonwealth Financial Systems, INC. -- Took or threatened to take negative or legal action -- 22 complaints | All Took or threatened to take negative or legal action Complaints
- Commonwealth Financial Systems, INC. -- Improper use of your report -- 21 complaints | All Improper use of your report Complaints
- Commonwealth Financial Systems, INC. -- False statements or representation -- 18 complaints | All False statements or representation Complaints
- Commonwealth Financial Systems, INC. -- Communication tactics -- 6 complaints | All Communication tactics Complaints
- Commonwealth Financial Systems, INC. -- Threatened to contact someone or share information improperly -- 1 complaints | All Threatened to contact someone or share information improperly Complaints
- Commonwealth Financial Systems, INC. -- Lost or stolen check -- 1 complaints | All Lost or stolen check Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Commonwealth Financial Systems, INC. is generated by ReadTheComplaint using AI analysis of data from the CFPB.