Set Financial Corporation -- Consumer Complaint Report & Risk Analysis
Debt Collection and Credit Reporting Issues
Complaint Summary
Set Financial Corporation has received 8 consumer complaints filed with the CFPB across 3 products. The most common issues reported are attempts to collect debt not owed, improper use of your report, written notification about debt. Complaints span 2 states, with South Carolina and Missouri leading in complaint volume.
Company Overview
Company: Set Financial Corporation
Total CFPB Complaints: 8
AI Risk Score: 45/100
Most Recent Complaint: 2022-08-22T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: medium
AI Company Analysis
SET Financial Corporation has 8 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 debt collection practices
Green Flags
- Some consumers reported satisfactory resolution of issues
Consumer Tips & Advice
Consumers should verify the debt before responding to collection efforts.
Complaint Trend Analysis
There is a steady trend of complaints related to debt collection and credit reporting, indicating ongoing issues in these areas.
Regulatory History
Regulatory actions have been taken in the past to address improper debt collection practices.
Industry Context
SET Financial Corporation operates in a highly regulated industry with strict guidelines for debt collection and credit reporting.
Frequently Asked Questions About Set Financial Corporation
How many CFPB complaints does SET Financial Corporation have?
SET Financial Corporation has 8 complaints on file with the CFPB. The most recent complaint was filed on August 22, 2022.
What is SET Financial Corporation's complaint response rate?
Response rate data is not yet available for SET Financial Corporation.
Does SET Financial Corporation respond to complaints on time?
Timely response data is not yet available for SET Financial Corporation.
Is SET Financial Corporation safe to do business with?
Debt Collection and Credit Reporting Issues SET Financial Corporation has 8 CFPB complaints. Risk score: 45/100.
What red flags exist for SET Financial Corporation?
Potential red flags for SET Financial Corporation: Multiple complaints about improper debt collection practices. These are based on analysis of CFPB complaint patterns.
What are SET Financial Corporation's strengths?
Positive indicators for SET Financial Corporation: Some consumers reported satisfactory resolution of issues.
What tips should consumers know about SET Financial Corporation?
Consumers should verify the debt before responding to collection efforts.
Are complaints against SET Financial Corporation increasing or decreasing?
There is a steady trend of complaints related to debt collection and credit reporting, indicating ongoing issues in these areas. SET Financial Corporation currently has 8 total complaints.
Has SET Financial Corporation faced regulatory action?
Regulatory actions have been taken in the past to address improper debt collection practices.
How does SET Financial Corporation compare to industry peers?
SET Financial Corporation operates in a highly regulated industry with strict guidelines for debt collection and credit reporting.
What specific tactics have consumers reported for improper debt collection?
Consumers have reported that SET Financial Corporation has attempted to collect debts that were not actually owed.
Recent Complaints Against Set Financial Corporation
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #18667620 | Debt collection | Written notification about debt | 2026-01-12T12:00:00-05:00 | South Carolina | |
| #16214942 | Debt collection | Communication tactics | 2025-09-26T12:00:00-05:00 | South Carolina | |
| #10738675 | Debt collection | Attempts to collect debt not owed | 2024-11-08T12:00:00-05:00 | South Carolina | |
| #7581876 | Debt collection | Attempts to collect debt not owed | 2023-09-20T12:00:00-05:00 | South Carolina | |
| #7522617 | Debt collection | Attempts to collect debt not owed | 2023-09-08T12:00:00-05:00 | South Carolina | |
| #6668054 | Credit reporting, credit repair services, or other personal consumer reports | Improper use of your report | 2023-03-08T12:00:00-05:00 | South Carolina | |
| #5906292 | Payday loan, title loan, or personal loan | Improper use of your report | 2022-08-22T12:00:00-05:00 | Missouri | |
| #5708806 | Credit reporting, credit repair services, or other personal consumer reports | Problem with a credit reporting company's investigation into an existing problem | 2022-06-25T12:00:00-05:00 | Missouri |
Set Financial Corporation Complaints by State
- Set Financial Corporation Complaints in South Carolina -- 6 complaints
- Set Financial Corporation Complaints in Missouri -- 2 complaints
Set Financial Corporation Complaints by Product
- Set Financial Corporation Debt collection Complaints -- 5 complaints | All Debt collection Complaints
- Set Financial Corporation 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
- Set Financial Corporation Payday loan, title loan, or personal loan Complaints -- 1 complaints | All Payday loan, title loan, or personal loan Complaints
Set Financial Corporation Complaints by Issue
- Set Financial Corporation -- Attempts to collect debt not owed -- 3 complaints | All Attempts to collect debt not owed Complaints
- Set Financial Corporation -- Improper use of your report -- 2 complaints | All Improper use of your report Complaints
- Set Financial Corporation -- Written notification about debt -- 1 complaints | All Written notification about debt Complaints
- Set Financial Corporation -- Communication tactics -- 1 complaints | All Communication tactics Complaints
- Set Financial Corporation -- Problem with a credit reporting company's investigation into an existing problem -- 1 complaints | All Problem with a credit reporting company's investigation into an existing problem Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Set Financial Corporation is generated by ReadTheComplaint using AI analysis of data from the CFPB.