CFPB · Single-product concentration

KLS Financial Services, Inc

340 CFPB complaints · 78.5% in "Debt collection" · top issue Attempts to collect debt not owed.

340 CFPB complaints

KLS Financial Services, Inc: 78.5% of 340 CFPB complaints sit in "Debt collection". Timely 34.7% · relief 0%. Allegations, not findings.

  • Single-product concentration
  • +980% filings 2018 to 2026

CFPB relief outcome brief

CCDB company kls-financial-services-inc

0% relief · 34.7% timely · 340 filings · Debt collection

Nearest relief peer: Transworld Systems Inc (0% relief)

KLS Financial Services, Inc …0%Key 2 Recovery, Inc.0.9%Mercury Financial Intermedia…6.2%Receivable Management Group,…0.3%N.A.R., Inc.0.3%
Closed-with-relief % among KLS Financial Services, Inc and nearest filing-volume peers

KLS Financial Services, Inc closes 0% with relief, below the 1.3% industry median among companies with ≥10 complaints. How CFPB response codes work →

How 340 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.

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Timely response rate 34.7%
Federal benchmark

CFPB benchmark: response within 15 calendar days of filing.

Relief rate 0.0%
Industry median (≥10 complaints)

Share closed with monetary or non-monetary relief.

KLS Financial Services, Inc complaint mix by product

Total complaints: 340

KLS Financial Services, Inc complaint mix by product Horizontal strip chart. Width of each segment is proportional to that category's share of the 340 total complaints. Trend arrow shows rolling 12-month direction. Inline badge shows resolution rate (% closed with relief). Debt collection: 267 complaints (78.5%), resolution 0.0% Debt collection 78.5% Credit reporting,: 45 complaints (13.2%), resolution 0.0% Credit reporting, 13.2% Credit reporting: 28 complaints (8.2%), resolution 0.0% Credit reporting 8.2%
  • Debt collection 267 78.5% 0% relief
  • Credit reporting, 45 13.2% 0% relief
  • Credit reporting 28 8.2% 0% relief

How KLS Financial Services, Inc's 340 complaints split across CFPB product categories. Resolution rate badge = % closed with monetary or non-monetary relief.

Complaints by Product

Product Complaints
Debt collection 267
Credit reporting, credit repair services, or other personal consumer reports 45
Credit reporting or other personal consumer reports 28

Concentrated filing states for KLS Financial Services, Inc

Top states by attributed CFPB complaint volume for this company

Concentrated footprint
Leading state
NC
48.5% of this company's filings
NC165MS34TX24TN18GA17SC15AZ15FL13

KLS Financial Services, Inc rising annual filings

Annual filing volume from the CFPB public database

Rising vs first year
2026
54
+980% vs 2018
020406080 201820192020202120222023202420252026 54

Top States

State Complaints
NC 165
MS 34
TX 24
TN 18
GA 17
SC 15
AZ 15
FL 13
AL 7
VA 5
NY 4
CA 4
AR 2
OH 2
KS 2
CT 1
LA 1
KY 1
MO 1
DC 1

Top Issues

Issue Complaints
Attempts to collect debt not owed 126
Written notification about debt 68
Incorrect information on your report 38
False statements or representation 37
Took or threatened to take negative or legal action 25
Problem with a credit reporting company's investigation into an existing problem 15
Improper use of your report 13
Communication tactics 8
Problem with a company's investigation into an existing problem 6
Threatened to contact someone or share information improperly 3
Credit monitoring or identity theft protection services 1

Yearly Trend

Year Complaints Timely
2018 5 100%
2019 25 60%
2020 28 39.3%
2021 44 72.7%
2022 40 50%
2023 36 36.1%
2024 44 13.6%
2025 64 18.8%
2026 54 7.4%

Source: CFPB Consumer Complaint Database

KLS Financial Services, Inc filings cluster in one product

KLS Financial Services, Inc's 340 logged complaints stay concentrated: only 25 states show a filing. Only 39.1% of filings carry a written consumer narrative, so most of this record is coded categories rather than verbatim complaint text. Records run from 2018 through 2026-06-26.

KLS Financial Services, Inc answers 34.7% of complaints inside the CFPB's tracked window and closes 79.4% with a written explanation. 0% 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 "Attempts to collect debt not owed."

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 KLS Financial Services, Inc.

Compare beyond geography

Nationwide peers by volume & timely response

Two PlainComplaint-derived comparison paths for KLS Financial Services, Inc: 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.

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 KLS Financial Services, Inc (34.7% timely; 0% relief). methodology.

Retrieved and formatted by PlainComplaint · vintage June 2026 · Single-product concentration