Debt Collection Was the Most Complained About Financial Service Among Older Consumers for March

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For March 2017, debt collection was the most-complained-about financial product or service by consumers identifying as over the age of 62. Of the 2,169 older consumer complaints handled in March, there were 496 complaints about debt collection. The second most-complained-about consumer product was mortgages, which accounted for 486 complaints. Credit reporting was the third most-complained-about financial product or service, accounting for 326 complaints.

 

https://www.consumerfinance.gov/about-us/newsroom/cfpb-monthly-snapshot-spotlights-complaints-older-consumers/