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Source Receivables Management LLC — Overview
D+ Overall
Source Receivables Management LLC is rated overall in the bottom 31st percentile based on 208 customer complaints.

Statistics

Number of Complaints208 (1 In Progress)
Complaints per $100K of Deposits
Complaints Resolved in a Timely Manner100.0%
Resolutions Disputed by Customer3.8%
Complaints Resolved in Customer's Favor99.3%

Financial Report

Established
FDIC Certificate #
Number of Branches— (— International)
Total Assets
Total Deposits
Total Equity Held
Quarterly Net Income
31st
percentile

Contact Information

Not Available

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Source Receivables Management LLC — Summary

Source Receivables Management LLC is ranked 285th out of 3,688 banks. That puts Source Receivables Management in the bottom 32st 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 208 complaints against Source Receivables Management and 1,058,614 complaints total.

Of the 208 complaints again Source Receivables Management, there have been 103 in the passed 18 months. Of those 103 complaints, 99.3% have been resolved in the customers favor, 3.8% have been disputed by the customer, and 100.0% 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. Source Receivables Management LLC is graded in 1 category of financial products they offer. The top 2 categories are Debt Collection and Credit Reporting.

Source Receivables Management LLC is rated "D" in Debt Collection.

Click here to see Complete Source Receivables Management Report Card »

Most Recent Complaints

Below is the list of the top 10 complaint reasons against Source Receivables Management LLC. Click here to see all complaints against Source Receivables Management.

# Product Sub-Product Issue Count
1 Debt collection Other debt Attempts to collect debt not owed 38
2 Debt collection Other debt Written notification about debt 15
3 Credit reporting Credit reporting Incorrect information on your report 11
4 Debt collection I do not know Attempts to collect debt not owed 9
5 Debt collection I do not know Written notification about debt 8
6 Debt collection Other debt False statements or representation 7
7 Debt collection Other debt Communication tactics 5
8 Debt collection I do not know Communication tactics 3
9 Debt collection Other debt Took or threatened to take negative or legal action 3
10 Credit reporting Credit reporting Problem with a credit reporting company's investigation into an existing problem 2
View all complaints »
Complaints by Product
Complaints Over Time - By Year
** Document Provided By BankRank.org **
Source: https://www.bankrank.org/banks/source-receivables-management-llc