Sl Finance LLC -- Consumer Complaint Report & Risk Analysis
SL Finance LLC: Student Loans and Debt Collection Complaints
Complaint Summary
Sl Finance LLC has received 11 consumer complaints filed with the CFPB across 2 products. The most common issues reported are dealing with your lender or servicer, false statements or representation, written notification about debt. Complaints span 9 states, with Wisconsin and California leading in complaint volume.
Company Overview
Company: Sl Finance LLC
Total CFPB Complaints: 11
AI Risk Score: 53/100
Most Recent Complaint: 2022-04-05T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
SL Finance LLC has 10 consumer complaints on file with the CFPB. SL Finance LLC has received 10 complaints in the last year. The majority of complaints are related to student loans and debt collection.
Response Quality Assessment
fair
Top Consumer Issues
Dealing with your lender or servicer -- Severity: medium
Red Flags
- False statements or representation in loan communications
Green Flags
- Proactive communication with borrowers regarding loan terms
Consumer Tips & Advice
Communicate clearly and promptly with SL Finance LLC regarding any issues with your loan or debt.
Complaint Trend Analysis
There is a trend of increasing complaints related to student loans and debt collection, indicating potential issues in these areas.
Regulatory History
SL Finance LLC has a history of regulatory actions related to loan servicing and debt collection practices.
Industry Context
The student loan and debt collection industry is under scrutiny for transparency and fair practices.
Frequently Asked Questions About Sl Finance LLC
How many CFPB complaints does SL Finance LLC have?
SL Finance LLC has 10 complaints on file with the CFPB. The most recent complaint was filed on December 24, 2021.
What is SL Finance LLC's complaint response rate?
Response rate data is not yet available for SL Finance LLC.
Does SL Finance LLC respond to complaints on time?
Timely response data is not yet available for SL Finance LLC.
Is SL Finance LLC safe to do business with?
SL Finance LLC: Student Loans and Debt Collection Complaints SL Finance LLC has 10 CFPB complaints. Risk score: 53/100.
What red flags exist for SL Finance LLC?
Potential red flags for SL Finance LLC: False statements or representation in loan communications. These are based on analysis of CFPB complaint patterns.
What are SL Finance LLC's strengths?
Positive indicators for SL Finance LLC: Proactive communication with borrowers regarding loan terms.
What tips should consumers know about SL Finance LLC?
Communicate clearly and promptly with SL Finance LLC regarding any issues with your loan or debt.
Are complaints against SL Finance LLC increasing or decreasing?
There is a trend of increasing complaints related to student loans and debt collection, indicating potential issues in these areas. SL Finance LLC currently has 10 total complaints.
Has SL Finance LLC faced regulatory action?
SL Finance LLC has a history of regulatory actions related to loan servicing and debt collection practices.
How does SL Finance LLC compare to industry peers?
The student loan and debt collection industry is under scrutiny for transparency and fair practices.
What unique insight can be gained from the complaint data?
The majority of complaints are related to false statements or representation, suggesting a need for improved transparency and accuracy in loan communications.
Recent Complaints Against Sl Finance LLC
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #7231249 | Student loan | Dealing with your lender or servicer | 2023-07-10T12:00:00-05:00 | Wisconsin | |
| #7048526 | Student loan | Dealing with your lender or servicer | 2023-05-30T12:00:00-05:00 | New Jersey | |
| #6078337 | Debt collection | Written notification about debt | 2022-10-12T12:00:00-05:00 | Florida | |
| #5605773 | Debt collection | False statements or representation | 2022-05-26T12:00:00-05:00 | Wisconsin | |
| #5411408 | Student loan | Struggling to repay your loan | 2022-04-05T12:00:00-05:00 | Colorado | |
| #5396062 | Debt collection | Took or threatened to take negative or legal action | 2022-04-01T12:00:00-05:00 | Texas | |
| #5052942 | Student loan | Dealing with your lender or servicer | 2021-12-29T12:00:00-05:00 | Rhode Island | |
| #5039523 | Student loan | Dealing with your lender or servicer | 2021-12-24T12:00:00-05:00 | Georgia | |
| #5035781 | Student loan | Dealing with your lender or servicer | 2021-12-22T12:00:00-05:00 | California | |
| #4636050 | Student loan | Getting a loan | 2021-08-16T12:00:00-05:00 | California | |
| #4603019 | Debt collection | False statements or representation | 2021-08-04T12:00:00-05:00 | Minnesota |
Sl Finance LLC Complaints by State
- Sl Finance LLC Complaints in Wisconsin -- 2 complaints
- Sl Finance LLC Complaints in California -- 2 complaints
- Sl Finance LLC Complaints in New Jersey -- 1 complaints
- Sl Finance LLC Complaints in Florida -- 1 complaints
- Sl Finance LLC Complaints in Colorado -- 1 complaints
- Sl Finance LLC Complaints in Texas -- 1 complaints
- Sl Finance LLC Complaints in Rhode Island -- 1 complaints
- Sl Finance LLC Complaints in Georgia -- 1 complaints
- Sl Finance LLC Complaints in Minnesota -- 1 complaints
Sl Finance LLC Complaints by Product
- Sl Finance LLC Student loan Complaints -- 7 complaints | All Student loan Complaints
- Sl Finance LLC Debt collection Complaints -- 4 complaints | All Debt collection Complaints
Sl Finance LLC Complaints by Issue
- Sl Finance LLC -- Dealing with your lender or servicer -- 5 complaints | All Dealing with your lender or servicer Complaints
- Sl Finance LLC -- False statements or representation -- 2 complaints | All False statements or representation Complaints
- Sl Finance LLC -- Written notification about debt -- 1 complaints | All Written notification about debt Complaints
- Sl Finance LLC -- Struggling to repay your loan -- 1 complaints | All Struggling to repay your loan Complaints
- Sl Finance LLC -- Took or threatened to take negative or legal action -- 1 complaints | All Took or threatened to take negative or legal action Complaints
- Sl Finance LLC -- Getting a loan -- 1 complaints | All Getting a loan Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Sl Finance LLC is generated by ReadTheComplaint using AI analysis of data from the CFPB.