CFPB · Single-product concentration
BAM Financial, LLC
54 CFPB complaints · 81.5% in "Debt collection" · top issue Taking/threatening an illegal action.
BAM Financial, LLC: 81.5% of 54 CFPB complaints sit in "Debt collection". Timely 50% · relief 5.6%. Allegations, not findings.
- Single-product concentration
- 0% filings 2013 to 2021
CFPB relief outcome brief
CCDB company bam-financial-llc
5.6% relief · 50% timely · 54 filings · Debt collection
Same-product relief peers
Nearest relief peer: Aqua Finance, Inc. (5.6% relief)
BAM Financial, LLC closes 5.6% with relief, above the 1.3% industry median among companies with ≥10 complaints. How CFPB response codes work →
How 54 complaints split on narrative text
CFPB records optionally include a consumer narrative. These two counts add to this company's total filings, volume of text present, not a finding about severity.
CFPB benchmark: response within 15 calendar days of filing.
Share closed with monetary or non-monetary relief.
BAM Financial, LLC complaint mix by product
- Debt collection 44 81.5% – 7% relief
- Money transfer, 5 9.3% – 0% relief
- Credit reporting, 3 5.6% – 0% relief
- Consumer Loan 1 1.9% – 0% relief
- Vehicle loan 1 1.9% – 0% relief
How BAM Financial, LLC's 54 complaints split across CFPB product categories. Resolution rate badge = % closed with monetary or non-monetary relief.
Complaints by Product
| Product | Complaints |
|---|---|
| Debt collection | 44 |
| Money transfer, virtual currency, or money service | 5 |
| Credit reporting, credit repair services, or other personal consumer reports | 3 |
| Consumer Loan | 1 |
| Vehicle loan or lease | 1 |
Where BAM Financial, LLC complaints are filed
Top states by attributed CFPB complaint volume for this company
- Leading state
- CA
- 22.2% of this company's filings
BAM Financial, LLC complaints by year
Annual filing volume from the CFPB public database
- 2021
- 7
- 0% vs 2013
Top States
| State | Complaints |
|---|---|
| CA | 12 |
| TX | 6 |
| FL | 5 |
| NJ | 4 |
| IN | 4 |
| PA | 4 |
| AZ | 2 |
| NC | 2 |
| GA | 2 |
| RI | 1 |
| TN | 1 |
| OH | 1 |
| NM | 1 |
| OK | 1 |
| MO | 1 |
| SC | 1 |
| KS | 1 |
| CO | 1 |
| ME | 1 |
| AR | 1 |
Top Issues
| Issue | Complaints |
|---|---|
| Taking/threatening an illegal action | 11 |
| Communication tactics | 10 |
| Cont'd attempts collect debt not owed | 9 |
| Improper contact or sharing of info | 6 |
| False statements or representation | 5 |
| Disclosure verification of debt | 3 |
| Incorrect information on your report | 3 |
| Fraud or scam | 3 |
| Other transaction problem | 2 |
| Taking out the loan or lease | 1 |
| Money was not available when promised | 1 |
Yearly Trend
| Year | Complaints | Timely |
|---|---|---|
| 2013 | 7 | 57.1% |
| 2014 | 21 | 61.9% |
| 2015 | 13 | 76.9% |
| 2016 | 3 | 0% |
| 2017 | 1 | 0% |
| 2020 | 2 | 0% |
| 2021 | 7 | 0% |
Source: CFPB Consumer Complaint Database
BAM Financial, LLC filings cluster in one product
BAM Financial, LLC's 54 logged complaints stay concentrated: only 22 states show a filing. Only 25.9% of filings carry a written consumer narrative, so most of this record is coded categories rather than verbatim complaint text. Records run from 2013 through 2021-06-22.
BAM Financial, LLC answers 50% of complaints inside the CFPB's tracked window and closes 68.5% with a written explanation. 5.6% end in monetary or non-monetary relief for the consumer. Consumers disputed just 0% of responses after the company replied. "Debt collection" draws the most filings, most often for "Taking/threatening an illegal action."
A complaint is a consumer-reported allegation, not proven wrongdoing. See the disclaimer below for how volume relates to company size, and cross-check against the CFPB Consumer Complaint Database directly before drawing conclusions about BAM Financial, LLC.
Compare beyond geography
Nationwide peers by volume & timely response
Two PlainComplaint-derived comparison paths for BAM Financial, LLC: nearest filing volume and nearest CFPB timely-response rate among companies with at least 100 logged complaints. State breakdowns above stay geographic; these neighborhoods vary by metric.
Similar filing volume
Nearest companies by total CFPB complaints. This record: 54.
Similar timely response rate
Nearest companies by CFPB 15-day timely-response %. This record: 50%.
Disclaimer: This data is from CFPB public records. PlainComplaint does not provide financial advice. A complaint does not indicate that a company has violated any law or regulation. Complaint volumes are influenced by company size, customer base, and market presence. Use this data as one of many inputs when evaluating a company.
Data sourced from official public datasets for BAM Financial, LLC (50% timely; 5.6% relief). methodology.
Retrieved and formatted by PlainComplaint · vintage June 2026 · Single-product concentration