Midwest Recovery Systems BankRank.org
|Number of Complaints||806 (0 In Progress)|
|Complaints per $100K of Deposits||—|
|Complaints Resolved in a Timely Manner||74.5%|
|Resolutions Disputed by Customer||5.9%|
|Complaints Resolved in Customer's Favor||99.3%|
|FDIC Certificate #||—|
|Number of Branches||— (— International)|
|Total Equity Held||—|
|Quarterly Net Income||—|
Contact InformationNot Available
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Midwest Recovery Systems is ranked 277th out of 3,672 banks. That puts Midwest Recovery Systems in the bottom 32nd percentile and gives them an overall grade of "D+". This ranking is based upon customer complaints to the Consumer Finance Protection Bureau (CFPB) and public data about FDIC insured financial institutions. There are 806 complaints against Midwest Recovery Systems and 979,456 complaints total.
Of the 806 complaints again Midwest Recovery Systems, there have been 724 in the passed 18 months. Of those 724 complaints, 99.3% have been resolved in the customers favor, 5.9% have been disputed by the customer, and 74.5% have been resolved in a timely manner. The CFPB allows 60 days to resolve complaints before considering them "untimely".
The statistics and figures above are averaged and ranked. We then compute teach bank's overall percentile based upon these scores. Learn more details about our ranking methodology.
Break-down by Financial Product
Grades are also broken down by financial products offered by each institution. Midwest Recovery Systems is graded in 2 categories of financial products they offer. The top 3 categories are Debt Collection, Credit Reporting and Payday Loan.
Click here to see Complete Midwest Recovery Systems Report Card »
Below is the list of the top 10 complaint reasons against Midwest Recovery Systems. Click here to see all complaints against Midwest Recovery Systems.
|1||Credit reporting||Credit reporting||Incorrect information on your report||71|
|2||Debt collection||Payday loan||Cont'd attempts collect debt not owed||64|
|3||Debt collection||Payday loan debt||Attempts to collect debt not owed||62|
|4||Debt collection||I do not know||Attempts to collect debt not owed||59|
|5||Debt collection||I do not know||Cont'd attempts collect debt not owed||57|
|6||Debt collection||Medical debt||Attempts to collect debt not owed||44|
|7||Debt collection||I do not know||Written notification about debt||41|
|8||Debt collection||I do not know||Disclosure verification of debt||40|
|9||Debt collection||Payday loan debt||Written notification about debt||31|
|10||Debt collection||Other debt||Attempts to collect debt not owed||23|