Financial Asset Management Systems INC -- Consumer Complaint Report & Risk Analysis
Debt Collection Practices and Communication Tactics
Complaint Summary
Financial Asset Management Systems INC has received 19 consumer complaints filed with the CFPB across 3 products. The most common issues reported are attempts to collect debt not owed, communication tactics, dealing with your lender or servicer. Complaints span 12 states, with Georgia and New Jersey leading in complaint volume.
Company Overview
Company: Financial Asset Management Systems INC
Total CFPB Complaints: 19
AI Risk Score: 35/100
Most Recent Complaint: 2022-10-20T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
Financial Asset Management Systems Inc has 19 consumer complaints on file with the CFPB. Attempts to collect debt not owed Communication tactics
Response Quality Assessment
fair
Top Consumer Issues
Attempts to collect debt not owed -- Severity: medium
Red Flags
- False statements or representation
Green Flags
- Good communication practices
Consumer Tips & Advice
Verify the debt before responding to collection efforts.
Complaint Trend Analysis
There is a trend of increasing complaints about debt collection practices, particularly regarding the accuracy of the debt owed.
Regulatory History
Regulatory history shows ongoing scrutiny of debt collection practices to ensure fairness and accuracy.
Industry Context
The industry context is focused on improving debt collection practices to comply with consumer protection laws.
Frequently Asked Questions About Financial Asset Management Systems INC
How many CFPB complaints does Financial Asset Management Systems Inc have?
Financial Asset Management Systems Inc has 19 complaints on file with the CFPB. The most recent complaint was filed on October 20, 2022.
What is Financial Asset Management Systems Inc's complaint response rate?
Response rate data is not yet available for Financial Asset Management Systems Inc.
Does Financial Asset Management Systems Inc respond to complaints on time?
Timely response data is not yet available for Financial Asset Management Systems Inc.
Is Financial Asset Management Systems Inc safe to do business with?
Debt Collection Practices and Communication Tactics Financial Asset Management Systems Inc has 19 CFPB complaints. Risk score: 35/100.
What red flags exist for Financial Asset Management Systems Inc?
Potential red flags for Financial Asset Management Systems Inc: False statements or representation. These are based on analysis of CFPB complaint patterns.
What are Financial Asset Management Systems Inc's strengths?
Positive indicators for Financial Asset Management Systems Inc: Good communication practices.
What tips should consumers know about Financial Asset Management Systems Inc?
Verify the debt before responding to collection efforts.
Are complaints against Financial Asset Management Systems Inc increasing or decreasing?
There is a trend of increasing complaints about debt collection practices, particularly regarding the accuracy of the debt owed. Financial Asset Management Systems Inc currently has 19 total complaints.
Has Financial Asset Management Systems Inc faced regulatory action?
Regulatory history shows ongoing scrutiny of debt collection practices to ensure fairness and accuracy.
How does Financial Asset Management Systems Inc compare to industry peers?
The industry context is focused on improving debt collection practices to comply with consumer protection laws.
How can consumers protect themselves from false statements in debt collection?
Consumers should request written verification of the debt and dispute any inaccuracies with the collector or the original creditor.
Recent Complaints Against Financial Asset Management Systems INC
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #8702644 | Debt collection | Communication tactics | 2024-04-04T12:00:00-05:00 | Georgia | |
| #7770513 | Student loan | Issue with income share agreement | 2023-10-28T12:00:00-05:00 | Washington | |
| #7124091 | Debt collection | False statements or representation | 2023-06-15T12:00:00-05:00 | New Jersey | |
| #7113700 | Credit reporting, credit repair services, or other personal consumer reports | Identity theft protection or other monitoring services | 2023-06-13T12:00:00-05:00 | New Jersey | |
| #6487458 | Debt collection | Attempts to collect debt not owed | 2023-01-25T12:00:00-05:00 | Florida | |
| #6381161 | Student loan | Dealing with your lender or servicer | 2022-12-30T12:00:00-05:00 | Texas | |
| #6336322 | Credit reporting, credit repair services, or other personal consumer reports | Improper use of your report | 2022-12-18T12:00:00-05:00 | Ohio | |
| #6111529 | Debt collection | Attempts to collect debt not owed | 2022-10-20T12:00:00-05:00 | Illinois | |
| #6111122 | Debt collection | Communication tactics | 2022-10-20T12:00:00-05:00 | Georgia | |
| #6069561 | Debt collection | Communication tactics | 2022-10-10T12:00:00-05:00 | Alabama | |
| #5688867 | Debt collection | Attempts to collect debt not owed | 2022-06-20T12:00:00-05:00 | Georgia | |
| #5304366 | Debt collection | Attempts to collect debt not owed | 2022-03-09T12:00:00-05:00 | Georgia | |
| #5304342 | Debt collection | Attempts to collect debt not owed | 2022-03-09T12:00:00-05:00 | North Carolina | |
| #5038585 | Student loan | Dealing with your lender or servicer | 2021-12-23T12:00:00-05:00 | Ohio | |
| #4975394 | Debt collection | Communication tactics | 2021-12-04T12:00:00-05:00 | Florida | |
| #4708335 | Debt collection | Attempts to collect debt not owed | 2021-09-09T12:00:00-05:00 | Maryland | |
| #4549790 | Debt collection | Written notification about debt | 2021-07-16T12:00:00-05:00 | New Jersey | |
| #4505440 | Debt collection | Took or threatened to take negative or legal action | 2021-06-30T12:00:00-05:00 | New York | |
| #4412118 | Debt collection | Communication tactics | 2021-05-27T12:00:00-05:00 | Missouri |
Financial Asset Management Systems INC Complaints by State
- Financial Asset Management Systems INC Complaints in Georgia -- 4 complaints
- Financial Asset Management Systems INC Complaints in New Jersey -- 3 complaints
- Financial Asset Management Systems INC Complaints in Florida -- 2 complaints
- Financial Asset Management Systems INC Complaints in Ohio -- 2 complaints
- Financial Asset Management Systems INC Complaints in Washington -- 1 complaints
- Financial Asset Management Systems INC Complaints in Texas -- 1 complaints
- Financial Asset Management Systems INC Complaints in Illinois -- 1 complaints
- Financial Asset Management Systems INC Complaints in Alabama -- 1 complaints
- Financial Asset Management Systems INC Complaints in North Carolina -- 1 complaints
- Financial Asset Management Systems INC Complaints in Maryland -- 1 complaints
- Financial Asset Management Systems INC Complaints in New York -- 1 complaints
- Financial Asset Management Systems INC Complaints in Missouri -- 1 complaints
Financial Asset Management Systems INC Complaints by Product
- Financial Asset Management Systems INC Debt collection Complaints -- 14 complaints | All Debt collection Complaints
- Financial Asset Management Systems INC Student loan Complaints -- 3 complaints | All Student loan Complaints
- Financial Asset Management Systems INC Credit reporting, credit repair services, or other personal consumer reports Complaints -- 2 complaints | All Credit reporting, credit repair services, or other personal consumer reports Complaints
Financial Asset Management Systems INC Complaints by Issue
- Financial Asset Management Systems INC -- Attempts to collect debt not owed -- 6 complaints | All Attempts to collect debt not owed Complaints
- Financial Asset Management Systems INC -- Communication tactics -- 5 complaints | All Communication tactics Complaints
- Financial Asset Management Systems INC -- Dealing with your lender or servicer -- 2 complaints | All Dealing with your lender or servicer Complaints
- Financial Asset Management Systems INC -- Issue with income share agreement -- 1 complaints | All Issue with income share agreement Complaints
- Financial Asset Management Systems INC -- False statements or representation -- 1 complaints | All False statements or representation Complaints
- Financial Asset Management Systems INC -- Identity theft protection or other monitoring services -- 1 complaints | All Identity theft protection or other monitoring services Complaints
- Financial Asset Management Systems INC -- Improper use of your report -- 1 complaints | All Improper use of your report Complaints
- Financial Asset Management Systems INC -- Written notification about debt -- 1 complaints | All Written notification about debt Complaints
- Financial Asset Management Systems INC -- Took or threatened to take negative or legal action -- 1 complaints | All Took or threatened to take negative or legal action Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Financial Asset Management Systems INC is generated by ReadTheComplaint using AI analysis of data from the CFPB.