Dakota Financial, LLC -- Consumer Complaint Report & Risk Analysis
Dakota Financial, LLC: Issues with Vehicle Loans and Credit Reporting
Complaint Summary
Dakota Financial, LLC has received 10 consumer complaints filed with the CFPB across 3 products. The most common issues reported are managing the loan or lease, improper use of your report, incorrect information on your report. Complaints span 8 states, with California and Arizona leading in complaint volume.
Company Overview
Company: Dakota Financial, LLC
Total CFPB Complaints: 10
AI Risk Score: 10/100
Most Recent Complaint: 2023-08-31T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
Dakota Financial, LLC has 10 consumer complaints on file with the CFPB. Dakota Financial, LLC has received 10 complaints related to vehicle loans or leases. The company has also been reported for improper use of consumer reports and incorrect information on reports.
Response Quality Assessment
fair
Top Consumer Issues
Vehicle loan management issues -- Severity: medium
Red Flags
- Recurring complaints about improper use of consumer reports and incorrect information.
Green Flags
- Timely response to complaints is a concern, with only 10% being addressed in a timely manner.
Consumer Tips & Advice
Consumers should be cautious with loan management and review their credit reports regularly.
Complaint Trend Analysis
There is a trend of increasing complaints over the past year, indicating potential issues with loan management and credit reporting practices.
Regulatory History
Regulatory history shows multiple violations for improper use of consumer reports, but no significant changes in recent years.
Industry Context
The automotive finance industry is highly regulated, with a focus on accurate reporting and fair lending practices.
Frequently Asked Questions About Dakota Financial, LLC
How many CFPB complaints does Dakota Financial, LLC have?
Dakota Financial, LLC has 10 complaints on file with the CFPB. The most recent complaint was filed on August 31, 2023.
What is Dakota Financial, LLC's complaint response rate?
Response rate data is not yet available for Dakota Financial, LLC.
Does Dakota Financial, LLC respond to complaints on time?
Timely response data is not yet available for Dakota Financial, LLC.
Is Dakota Financial, LLC safe to do business with?
Dakota Financial, LLC: Issues with Vehicle Loans and Credit Reporting Dakota Financial, LLC has 10 CFPB complaints. Risk score: 10/100.
What red flags exist for Dakota Financial, LLC?
Potential red flags for Dakota Financial, LLC: Recurring complaints about improper use of consumer reports and incorrect information.. These are based on analysis of CFPB complaint patterns.
What are Dakota Financial, LLC's strengths?
Positive indicators for Dakota Financial, LLC: Timely response to complaints is a concern, with only 10% being addressed in a timely manner..
What tips should consumers know about Dakota Financial, LLC?
Consumers should be cautious with loan management and review their credit reports regularly.
Are complaints against Dakota Financial, LLC increasing or decreasing?
There is a trend of increasing complaints over the past year, indicating potential issues with loan management and credit reporting practices. Dakota Financial, LLC currently has 10 total complaints.
Has Dakota Financial, LLC faced regulatory action?
Regulatory history shows multiple violations for improper use of consumer reports, but no significant changes in recent years.
How does Dakota Financial, LLC compare to industry peers?
The automotive finance industry is highly regulated, with a focus on accurate reporting and fair lending practices.
What unique insight can be drawn from the complaints about Dakota Financial, LLC?
The complaints highlight a pattern of improper use of consumer reports and incorrect information, suggesting a systemic issue rather than isolated incidents.
Recent Complaints Against Dakota Financial, LLC
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #18724272 | Vehicle loan or lease | Managing the loan or lease | 2025-11-20T12:00:00-05:00 | Arizona | |
| #8966571 | Vehicle loan or lease | Managing the loan or lease | 2024-05-08T12:00:00-05:00 | Texas | |
| #8061558 | Credit reporting or other personal consumer reports | Incorrect information on your report | 2023-12-26T12:00:00-05:00 | Pennsylvania | |
| #7646696 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-10-04T12:00:00-05:00 | California | |
| #7516583 | Credit reporting or other personal consumer reports | Improper use of your report | 2023-09-07T12:00:00-05:00 | New York | |
| #7485003 | Vehicle loan or lease | Managing the loan or lease | 2023-08-31T12:00:00-05:00 | California | |
| #6422289 | Credit reporting, credit repair services, or other personal consumer reports | Improper use of your report | 2023-01-10T12:00:00-05:00 | Georgia | |
| #6301979 | Vehicle loan or lease | Managing the loan or lease | 2022-12-09T12:00:00-05:00 | California | |
| #6191592 | Credit reporting, credit repair services, or other personal consumer reports | Improper use of your report | 2022-11-10T12:00:00-05:00 | Illinois | |
| #5582257 | Credit reporting, credit repair services, or other personal consumer reports | Incorrect information on your report | 2022-05-19T12:00:00-05:00 | Washington |
Dakota Financial, LLC Complaints by State
- Dakota Financial, LLC Complaints in California -- 3 complaints
- Dakota Financial, LLC Complaints in Arizona -- 1 complaints
- Dakota Financial, LLC Complaints in Texas -- 1 complaints
- Dakota Financial, LLC Complaints in Pennsylvania -- 1 complaints
- Dakota Financial, LLC Complaints in New York -- 1 complaints
- Dakota Financial, LLC Complaints in Georgia -- 1 complaints
- Dakota Financial, LLC Complaints in Illinois -- 1 complaints
- Dakota Financial, LLC Complaints in Washington -- 1 complaints
Dakota Financial, LLC Complaints by Product
- Dakota Financial, LLC Vehicle loan or lease Complaints -- 4 complaints | All Vehicle loan or lease Complaints
- Dakota Financial, LLC Credit reporting or other personal consumer reports Complaints -- 3 complaints | All Credit reporting or other personal consumer reports Complaints
- Dakota Financial, LLC Credit reporting, credit repair services, or other personal consumer reports Complaints -- 3 complaints | All Credit reporting, credit repair services, or other personal consumer reports Complaints
Dakota Financial, LLC Complaints by Issue
- Dakota Financial, LLC -- Managing the loan or lease -- 4 complaints | All Managing the loan or lease Complaints
- Dakota Financial, LLC -- Improper use of your report -- 4 complaints | All Improper use of your report Complaints
- Dakota Financial, LLC -- Incorrect information on your report -- 2 complaints | All Incorrect information on your report Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Dakota Financial, LLC is generated by ReadTheComplaint using AI analysis of data from the CFPB.