Squaretwo BankRank.org
Statistics
| Number of Complaints | 487 (0 In Progress) |
|---|---|
| Complaints per $100K of Deposits | — |
| Complaints Resolved in a Timely Manner | 94.2% |
| Resolutions Disputed by Customer | 12.8% |
| Complaints Resolved in Customer's Favor | 94.2% |
Financial Report
| Established | — |
|---|---|
| FDIC Certificate # | — |
| Number of Branches | — (— International) |
| Total Assets | — |
| Total Deposits | — |
| Total Equity Held | — |
| Quarterly Net Income | — |
Back to BankRank.org/Banks Top of Page
Squaretwo Financial Corporation is ranked 406th out of 3,648 banks. That puts Squaretwo in the bottom 1th percentile and gives them an overall grade of "—". This ranking is based upon customer complaints to the Consumer Finance Protection Bureau (CFPB) and public data about FDIC insured financial institutions. There are 487 complaints against Squaretwo and 1,002,502 complaints total.
Of the 487 complaints again Squaretwo, there have been 68 in the passed 18 months. Of those 68 complaints, 94.2% have been resolved in the customers favor, 12.8% have been disputed by the customer, and 94.2% 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. Squaretwo Financial Corporation is graded in 1 category of financial products they offer. The top 3 categories are Debt Collection, Credit Reporting and Credit Card.
Squaretwo Financial Corporation is rated "—" in Debt Collection.
Click here to see Complete Squaretwo Report Card »
Below is the list of the top 10 complaint reasons against Squaretwo Financial Corporation. Click here to see all complaints against Squaretwo.
| # | Product | Sub-Product | Issue | Count |
|---|---|---|---|---|
| 1 | Debt collection | Credit card | Cont'd attempts collect debt not owed | 8 |
| 2 | Debt collection | I do not know | Cont'd attempts collect debt not owed | 6 |
| 3 | Debt collection | Credit card | Disclosure verification of debt | 6 |
| 4 | Credit reporting | Credit reporting | Incorrect information on your report | 4 |
| 5 | Debt collection | Credit card debt | Written notification about debt | 4 |
| 6 | Debt collection | Other (i.e. phone, health club, etc.) | Cont'd attempts collect debt not owed | 4 |
| 7 | Debt collection | Credit card | Taking/threatening an illegal action | 3 |
| 8 | Debt collection | Credit card | False statements or representation | 3 |
| 9 | Debt collection | Credit card debt | False statements or representation | 3 |
| 10 | Debt collection | I do not know | Attempts to collect debt not owed | 3 |