Key Takeaways

  • 4,136 total complaints on file with the CFPB.
  • Most complaints are about Debt collection (3,569).
  • Timely response rate: 95.2%.
  • Consumer disputed rate: 30.8% of resolved complaints.
4,136 Total complaints
95.2% Timely response rate
30.8% Consumer disputed rate
Debt collection Most common product

Complaints by Product

The following table shows how complaints against Commonwealth Financial Systems, Inc. break down by financial product category.

Product Complaints % of Total
Debt collection 3,569 86.3%
Credit reporting, credit repair services, or other personal consumer reports 521 12.6%
Credit reporting 17 0.4%
Credit reporting or other personal consumer reports 16 0.4%
Consumer Loan 3 0.1%
Payday loan, title loan, or personal loan 3 0.1%
Credit card or prepaid card 2 0.0%
Credit card 1 0.0%
Debt or credit management 1 0.0%
Money transfer, virtual currency, or money service 1 0.0%
Mortgage 1 0.0%
Other financial service 1 0.0%

Most Common Issues

These are the specific issues consumers most frequently report about Commonwealth Financial Systems, Inc..

Attempts to collect debt not owed 1,333
Written notification about debt 780
Cont'd attempts collect debt not owed 587
Incorrect information on your report 315
Disclosure verification of debt 288
False statements or representation 225
Took or threatened to take negative or legal action 151
Problem with a credit reporting company's investigation into an existing problem 146
Communication tactics 144
Improper use of your report 62

Company Response Breakdown

When consumers file complaints, Commonwealth Financial Systems, Inc. responds in one of several ways. The breakdown below shows how Commonwealth Financial Systems, Inc. has resolved complaints.

Response Count Percentage
Closed with explanation 4,113 99.4%
Untimely response 15 0.4%
Closed 5 0.1%
Closed with monetary relief 3 0.1%

Complaints by State

Top states where consumers have filed complaints against Commonwealth Financial Systems, Inc..

Your Rights

What to do if you have a complaint against Commonwealth Financial Systems, Inc.

  1. Contact Commonwealth Financial Systems, Inc. directly. Many issues can be resolved by calling their customer service line or submitting a written complaint.
  2. File a complaint with the CFPB. Visit consumerfinance.gov/complaint. The company must respond within 15 days.
  3. File with your state attorney general. Your state AG's consumer protection division investigates patterns of complaint.
  4. Consult a consumer protection attorney. If you've suffered financial harm, an attorney can advise you on your legal options including potential lawsuits.

Frequently Asked Questions

  • How many complaints does Commonwealth Financial Systems, Inc. have?

    Commonwealth Financial Systems, Inc. has 4,136 consumer complaints on file with the CFPB as of our last data refresh.

  • What is the most common complaint about Commonwealth Financial Systems, Inc.?

    The most common issue reported is Attempts to collect debt not owed with 1,333 complaints.

  • How do I file a complaint against Commonwealth Financial Systems, Inc.?

    You can file a complaint with the CFPB at consumerfinance.gov/complaint. The company is required to respond within 15 days. You can also contact your state attorney general or consult a consumer protection attorney.

  • Does Commonwealth Financial Systems, Inc. respond to complaints on time?

    Commonwealth Financial Systems, Inc. has a 95.2% timely response rate, meaning that percentage of complaints received a response within the CFPB's required timeframe.

Source: Consumer Financial Protection Bureau — Consumer Complaint Database. Accessed April 2026.