CFPB Consumer Complaint Profile

Monterey Financial Services LLC

Consumers have filed 2,102 complaints with the CFPB against this company, a record that maps out how disputes over credit, billing and collections tend to unfold.

Data updated 2026-08-14

2,102
Total complaints
Among the highest
607
Last 12 months
100%
Timely response
Top decile
52
States affected

Subscribe to this company's annual complaint changes (RSS)

The verdict

2,102 CFPB complaints put Monterey Financial Services LLC at #201 out of 3,843 financial companies ranked by complaint volume. It posts a 100% on-time response rate, the 86th percentile among companies with 100+ complaints.

#201
of 3,843 companies by volume
100%
on time (86th pctile)
Debt collection
most-complained product
52
states with complaints
B-
PlainCredit Trust Score
66/100
Monterey Financial Services LLC · 3 of 3 dimensions reported

Based on this company's own CFPB response record -- timely response, dispute rate, and relief rate, each benchmarked against every tracked company with 10+ complaints. Not a measure of product quality, pricing, or company size.

Timely Response A+ 100.0%
Share of complaints answered within the CFPB response window
Dispute Rate F 25.7%
Share of responses the consumer disputed (lower is better)
Relief Rate B+ 10.7%
Share of complaints closed with monetary or non-monetary relief

Monterey Financial Services LLC vs. all companies by on-time response rate

Every company with 100+ CFPB complaints on file (1,335 total)

100% Top 14% higher than 86% of 1,335 companies

companies with 100+ CFPB complaints, bucketed by value

Each bar is a band; taller bars hold more companies. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.

Source Consumer Financial Protection Bureau, Consumer Complaint Database · 2026-08-14

What changed

CFPB Consumer Complaint Database 2024 to 2025 complete years

  • Annual CFPB complaint volume moved from 281 in 2024 to 523 in 2025 (2024 → 2025).

See the full year-over-year release diff

Monterey Financial Services LLC timely response rate 100.0%
Industry benchmark

Percent of CFPB complaints answered within the regulator's expected window. Industry benchmark sits at 95%.

Reading this profile

Complaints by Product

Debt collection - I do not know 574
Debt collection - Other debt 561
Credit reporting or other personal consumer reports - Credit reporting 257
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting 147
Debt collection - Other (i.e. phone, health club, etc.) 98
Payday loan, title loan, or personal loan - Installment loan 59
Debt collection - Credit card debt 50
Payday loan, title loan, personal loan, or advance loan - Installment loan 47
Debt collection - Medical debt 41
Consumer Loan - Installment loan 39

Top Issues

1.Attempts to collect debt not owed 596
2.Incorrect information on your report 231
3.Written notification about debt 211
4.False statements or representation 195
5.Took or threatened to take negative or legal action 184
6.Communication tactics 109
7.Cont'd attempts collect debt not owed 79
8.Improper use of your report 76
9.Problem with a company's investigation into an existing problem 68
10.Disclosure verification of debt 52

Complaints by Year

Year Complaints
2014 46
2015 62
2016 99
2017 122
2018 111
2019 103
2020 138
2021 157
2022 127
2023 148
2024 281
2025 523
2026year in progress 185

Complaints by State (Top 15)

California 310
Florida 251
Texas 242
Georgia 156
New York 145
North Carolina 98
Illinois 73
Virginia 61
New Jersey 48
Pennsylvania 48
Maryland 44
Ohio 44
South Carolina 40
Arizona 38
Nevada 37

Company Responses

Closed with explanation 1,878
Closed with non-monetary relief 217
Closed with monetary relief 7

What the CFPB Complaint Record Shows for Monterey Financial Services LLC

The CFPB Consumer Complaint Database has logged 2,102 complaints against Monterey Financial Services LLC overall, with 607 of those filed in the trailing 12 months. Reports have come from consumers in 52 states and territories, making this a nationwide complaint footprint. The single largest complaint category is "Debt collection," which consistently leads the product-level breakdown and signals where consumer friction is most acute. The specific issue named most within that category is "Attempts to collect debt not owed," a reasonable starting point for understanding recurring friction.

CFPB-forwarded complaints against Monterey Financial Services LLC draw a 100% reply rate inside the Bureau's 15-day window. That is at or above benchmark levels, a sign the company handles intake and escalation well. Resolved cases drew a formal consumer-dispute rate of 25.7% - a rough measure of how often the first resolution missed the mark. Among resolved complaints, the consumer-relief closure rate is 10.7%.

How to read complaint counts

Complaint counts alone do not tell the full story: larger institutions with more customers will naturally generate more complaints in absolute terms. The more informative signals are the direction of the yearly trend shown above, the state-level concentration, and the ratio of monetary-relief closures to closed-without-relief outcomes. Together, these fields provide context for reading the published CFPB record; they do not establish wrongdoing or resolve an individual dispute.

Educational data summary, not financial or legal advice. Individual complaint outcomes vary. Consumers should consult a qualified attorney or financial advisor for guidance on a specific dispute.

Frequently Asked Questions

How many CFPB complaints does Monterey Financial Services LLC have?

2,102 complaints have been filed against Monterey Financial Services LLC with the CFPB overall - 607 of them in the past year.

Does Monterey Financial Services LLC respond to complaints on time?

Monterey Financial Services LLC's CFPB timely-response rate is 100%. That puts it among the more responsive companies in the CFPB dataset.

What product generates the most complaints for Monterey Financial Services LLC?

"Debt collection" draws more CFPB complaints against Monterey Financial Services LLC than any other product - see the full breakdown above.

What is the most common complaint issue with Monterey Financial Services LLC?

The most common issue reported by consumers about Monterey Financial Services LLC is "Attempts to collect debt not owed." All complaint issues are listed above with their counts.

How do I file a complaint against Monterey Financial Services LLC?

You can file a complaint against Monterey Financial Services LLC directly with the CFPB at consumerfinance.gov/complaint. The CFPB will forward your complaint to the company and work to get you a response, typically within 15 days.

In how many states have consumers complained about Monterey Financial Services LLC?

Consumers in 52 states and territories have filed complaints about Monterey Financial Services LLC with the CFPB. This count includes the 50 states, DC, Puerto Rico, and smaller CFPB-tracked jurisdictions such as Guam, the U.S. Virgin Islands, and military postal codes (APO/FPO), which is why it can exceed the 52 states and territories that have a dedicated state page on this site.

Nationwide companies with similar complaint volume or dispute rates

Two CFPB peer sets for Monterey Financial Services LLC: nearest financial companies by total complaint volume and by the share of complaints consumers mark as disputed. These are cross-firm neighborhoods, not the product-category list below.

Also handles Debt collection

Other companies with the same primary CFPB product category on file.

Source: CFPB Consumer Complaint Database Data through March 2026