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Midwest Recovery Systems — Overview
C- Overall
Midwest Recovery Systems is rated overall in the bottom 40th percentile based on 951 customer complaints.

Statistics

Number of Complaints951 (0 In Progress)
Complaints per $100K of Deposits
Complaints Resolved in a Timely Manner96.4%
Resolutions Disputed by Customer2.2%
Complaints Resolved in Customer's Favor99.7%

Financial Report

Established
FDIC Certificate #
Number of Branches— (— International)
Total Assets
Total Deposits
Total Equity Held
Quarterly Net Income
40th
percentile

Contact Information

Not Available

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Midwest Recovery Systems — Summary

Midwest Recovery Systems is ranked 248th out of 3,688 banks. That puts Midwest Recovery Systems in the bottom 41th percentile and gives them an overall grade of "C-". This ranking is based upon customer complaints to the Consumer Finance Protection Bureau (CFPB) and public data about FDIC insured financial institutions. There are 951 complaints against Midwest Recovery Systems and 1,058,614 complaints total.

Of the 951 complaints again Midwest Recovery Systems, there have been 656 in the passed 18 months. Of those 656 complaints, 99.7% have been resolved in the customers favor, 2.2% have been disputed by the customer, and 96.4% 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.

Midwest Recovery Systems is rated "D" in Debt Collection; and "A" in Credit Reporting.

Click here to see Complete Midwest Recovery Systems Report Card »

Most Recent Complaints

Below is the list of the top 10 complaint reasons against Midwest Recovery Systems. Click here to see all complaints against Midwest Recovery Systems.

# Product Sub-Product Issue Count
1 Credit reporting Credit reporting Incorrect information on your report 94
2 Debt collection I do not know Attempts to collect debt not owed 82
3 Debt collection Payday loan debt Attempts to collect debt not owed 75
4 Debt collection Medical debt Attempts to collect debt not owed 66
5 Debt collection I do not know Written notification about debt 50
6 Debt collection Payday loan debt Written notification about debt 40
7 Debt collection Medical debt Written notification about debt 35
8 Debt collection Other debt Attempts to collect debt not owed 27
9 Debt collection Other debt Written notification about debt 20
10 Debt collection I do not know Cont'd attempts collect debt not owed 13
View all complaints »
Complaints by Product
Complaints Over Time - By Year
** Document Provided By BankRank.org **
Source: https://www.bankrank.org/banks/midwest-recovery-systems