Nicholas Financial Inc.
236 consumer complaints recorded in the CFPB Consumer Complaint Database, with breakdowns by product, state, and complaint year.
Data updated June 2026
CFPB benchmark: response within 15 calendar days of filing.
Share closed with monetary or non-monetary relief.
Nicholas Financial Inc. complaint mix by product
- Credit reporting, 89 38.0% – 0% relief
- Vehicle loan 53 22.6% – 2% relief
- Debt collection 49 20.9% – 0% relief
- Consumer Loan 20 8.5% – 5% relief
- Credit reporting 18 7.7% – 0% relief
- Payday loan, 3 1.3% – 0% relief
- Credit reporting 2 0.9% – 0% relief
How Nicholas Financial Inc.'s 236 complaints split across CFPB product categories. Resolution rate badge = % closed with monetary or non-monetary relief.
Complaints by Product
| Product | Complaints |
|---|---|
| Credit reporting, credit repair services, or other personal consumer reports | 89 |
| Vehicle loan or lease | 53 |
| Debt collection | 49 |
| Consumer Loan | 20 |
| Credit reporting or other personal consumer reports | 18 |
| Payday loan, title loan, or personal loan | 3 |
| Credit reporting | 2 |
| Other financial service | 1 |
| Credit card or prepaid card | 1 |
Top States
| State | Complaints |
|---|---|
| FL | 64 |
| GA | 32 |
| OH | 29 |
| NC | 16 |
| MI | 12 |
| MO | 11 |
| IL | 9 |
| SC | 8 |
| MD | 8 |
| TX | 6 |
| KY | 6 |
| VA | 6 |
| AL | 5 |
| TN | 4 |
| PA | 3 |
| IN | 3 |
| NY | 2 |
| MS | 2 |
| WI | 2 |
| NV | 1 |
Top Issues
| Issue | Complaints |
|---|---|
| Incorrect information on your report | 54 |
| Improper use of your report | 46 |
| Attempts to collect debt not owed | 24 |
| Managing the loan or lease | 23 |
| Struggling to pay your loan | 17 |
| Problem with a credit reporting company's investigation into an existing problem | 14 |
| Problems when you are unable to pay | 9 |
| Written notification about debt | 7 |
| Problems at the end of the loan or lease | 5 |
| False statements or representation | 5 |
| Communication tactics | 5 |
| Cont'd attempts collect debt not owed | 3 |
| Taking out the loan or lease | 3 |
| Getting a loan or lease | 3 |
| Took or threatened to take negative or legal action | 2 |
| Problem with a company's investigation into an existing problem | 2 |
| Shopping for a loan or lease | 2 |
| Improper contact or sharing of info | 2 |
| Incorrect information on credit report | 2 |
| Credit monitoring or identity theft protection services | 2 |
Yearly Trend
| Year | Complaints | Timely |
|---|---|---|
| 2013 | 4 | 100% |
| 2014 | 5 | 100% |
| 2015 | 12 | 100% |
| 2016 | 9 | 100% |
| 2017 | 13 | 100% |
| 2018 | 28 | 100% |
| 2019 | 27 | 100% |
| 2020 | 30 | 100% |
| 2021 | 42 | 100% |
| 2022 | 26 | 96.2% |
| 2023 | 28 | 100% |
| 2024 | 11 | 100% |
| 2025 | 1 | 100% |
Source: CFPB Consumer Complaint Database CFPB Consumer Complaint Database
What the CFPB Record Shows About Nicholas Financial Inc.
Nicholas Financial Inc.'s 236 logged complaints stay concentrated: only 24 states show a filing on record. 48.7% of filings carry a written consumer narrative, the verbatim complaint description the CFPB publishes alongside the numbers - an unusually well-documented record. Records run from 2013 through 2025-01-12.
Nicholas Financial Inc. answers 99.6% of complaints inside the CFPB's tracked window and closes 96.6% with a written explanation. 0.8% end in monetary or non-monetary relief for the consumer. Consumers disputed just 0% of responses after the company replied. "Credit reporting, credit repair services, or other personal consumer reports" draws the most filings, most often for "Incorrect information on your report."
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 Nicholas Financial Inc..
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.
Frequently Asked Questions
How many CFPB complaints does Nicholas Financial Inc. have?
236, per the CFPB's public complaint count for this company (see the full breakdown above).
Does Nicholas Financial Inc. respond to complaints on time?
99.6% of the time, measured against the CFPB's 15-calendar-day response window.
What is the most common complaint about Nicholas Financial Inc.?
"Incorrect information on your report", filed under the "Credit reporting, credit repair services, or other personal consumer reports" category - see the issues and products tables above for the full ranking.
Every figure on PlainComplaint is rendered directly from the CFPB Consumer Complaint Database, no number is typed in by an editor. Company figures are computed directly from the CFPB Consumer Complaint Database, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.