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Midwest Recovery Systems — Overview
C- Overall
Midwest Recovery Systems is rated overall in the bottom 38th percentile based on 867 customer complaints.

Statistics

Number of Complaints867 (0 In Progress)
Complaints per $100K of Deposits
Complaints Resolved in a Timely Manner76.0%
Resolutions Disputed by Customer4.5%
Complaints Resolved in Customer's Favor99.5%

Financial Report

Established
FDIC Certificate #
Number of Branches— (— International)
Total Assets
Total Deposits
Total Equity Held
Quarterly Net Income
38th
percentile

Contact Information

Not Available

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Midwest Recovery Systems — Summary

Midwest Recovery Systems is ranked 252nd out of 3,648 banks. That puts Midwest Recovery Systems in the bottom 38th 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 867 complaints against Midwest Recovery Systems and 1,002,502 complaints total.

Of the 867 complaints again Midwest Recovery Systems, there have been 632 in the passed 18 months. Of those 632 complaints, 99.5% have been resolved in the customers favor, 4.5% have been disputed by the customer, and 76.0% 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 "B" 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 84
2 Debt collection Payday loan debt Attempts to collect debt not owed 68
3 Debt collection I do not know Attempts to collect debt not owed 66
4 Debt collection Medical debt Attempts to collect debt not owed 53
5 Debt collection I do not know Written notification about debt 45
6 Debt collection Payday loan debt Written notification about debt 34
7 Debt collection Other debt Attempts to collect debt not owed 24
8 Debt collection Payday loan Cont'd attempts collect debt not owed 24
9 Debt collection I do not know Cont'd attempts collect debt not owed 24
10 Debt collection Medical debt Written notification about debt 23
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