Debt collection companies continue to handle a majority of complaints in a timely manner

Year-to-date debt collection complaints to the Consumer Financial Protection Bureau are down 10.9 percent as of July 2016, and monthly complaints declined as well. Year-to-date debt collection complaints compared to this time last year declined from 24,753 in July 2015 to 22,062 in July 2016. Complaints in July 2016 compared to July 2015 decreased by 28.3 percent from 3,832 to 2,747. Complaints to the CFPB typically fluctuate as more data come in, but WebRecon CEO Jack Gordon estimates the year-to-date complaints should still be about 10 percent less than this time in 2015, according to his summary of the report. More info here http://bit.ly/2bjv89p