CFPB Consumer Complaint Profile

Platinum Holdings Group, LLC

453 CFPB complaints trace a pattern in how this company responds when customers push back on credit, billing, or collection problems.

Data updated 2026-08-14

453
Total complaints
Above average
0
Last 12 months
71.7%
Timely response
Bottom decile
45
States affected

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The verdict

Out of 3,843 financial companies in the CFPB database, Platinum Holdings Group, LLC has accumulated 453 complaints, placing it #535 by volume. It posts a 71.7% on-time response rate, the 6th percentile among companies with 100+ complaints.

#535
of 3,843 companies by volume
71.7%
on time (6th pctile)
Debt collection
most-complained product
45
states with complaints
F
PlainCredit Trust Score
34/100
Platinum Holdings Group, 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 F 71.7%
Share of complaints answered within the CFPB response window
Dispute Rate B 6.5%
Share of responses the consumer disputed (lower is better)
Relief Rate F 0.0%
Share of complaints closed with monetary or non-monetary relief

Platinum Holdings Group, LLC vs. all companies by on-time response rate

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

71.7% Among the lowest higher than 6% 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

Platinum Holdings Group, LLC timely response rate 71.7%
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 171
Debt collection - Credit card 137
Debt collection - Other (i.e. phone, health club, etc.) 74
Debt collection - Payday loan 42
Debt collection - Credit card debt 7
Consumer Loan - Installment loan 6
Debt collection - Payday loan debt 6
Payday loan 3
Credit card 2
Debt collection - Other debt 1

Top Issues

1.Communication tactics 133
2.Improper contact or sharing of info 91
3.Taking/threatening an illegal action 87
4.Cont'd attempts collect debt not owed 57
5.False statements or representation 29
6.Disclosure verification of debt 26
7.Problems when you are unable to pay 5
8.Attempts to collect debt not owed 5
9.Written notification about debt 5
10.Took or threatened to take negative or legal action 3

Complaints by Year

Year Complaints
2013 33
2014 180
2015 129
2016 69
2017 23
2018 8
2019 3
2020 5
2022 3

Complaints by State (Top 15)

California 78
Florida 62
Texas 48
Virginia 22
Pennsylvania 20
Illinois 19
Ohio 18
Georgia 16
Michigan 15
Maryland 12
Nevada 10
Washington 9
Louisiana 8
Tennessee 8
South Carolina 8

Company Responses

Closed with explanation 379
Closed 71
Untimely response 3

What the CFPB Complaint Record Shows for Platinum Holdings Group, LLC

453 complaints against Platinum Holdings Group, LLC appear in the CFPB record, including 0 from the trailing year. The 45 states and territories represented put this footprint in nationwide territory. The single largest complaint category is "Debt collection," which consistently leads the product-level breakdown and signals where consumer friction is most acute. Within that category, the most frequently cited specific issue is "Communication tactics" - a useful starting point for anyone trying to understand what goes wrong most often in the company's consumer interactions.

Within the Bureau's 15-day response window, Platinum Holdings Group, LLC posts a 71.7% reply rate on forwarded complaints. That is far under the 95% benchmark - a material red flag, since late or missing responses are among the strongest predictors of CFPB supervisory interest. Resolved cases drew a formal consumer-dispute rate of 6.5% - a rough measure of how often the first resolution missed the mark. Among resolved complaints, the consumer-relief closure rate is 0%.

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 Platinum Holdings Group, LLC have?

453 complaints have been filed against Platinum Holdings Group, LLC with the CFPB overall - 0 of them in the past year.

Does Platinum Holdings Group, LLC respond to complaints on time?

CFPB complaints against Platinum Holdings Group, LLC draw a 71.7% timely-response rate inside the expected window. That trails the 95% industry benchmark by a wide margin.

What product generates the most complaints for Platinum Holdings Group, LLC?

Among all products tied to Platinum Holdings Group, LLC, "Debt collection" accounts for the largest share of complaints (full breakdown above).

What is the most common complaint issue with Platinum Holdings Group, LLC?

"Communication tactics" is the single most frequently cited issue in complaints against Platinum Holdings Group, LLC - see all issues and counts above.

How do I file a complaint against Platinum Holdings Group, LLC?

You can file a complaint against Platinum Holdings Group, 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 Platinum Holdings Group, LLC?

Consumers in 45 states and territories have filed complaints about Platinum Holdings Group, 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 Platinum Holdings Group, 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.

Similar dispute rates

Nearest companies by share of complaints marked disputed (6.5% here).

Also handles Debt collection

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

Source: CFPB Consumer Complaint Database Data through March 2026