What Some Customers Get in Compensation from Fund Recovery Services

The first thing to know, is that your Fund Recovery Services contract probably limits your options for legal complaints against Fund Recovery Services. You generally have two options:

1. Take your Fund Recovery Services complaint to Small Claims Court, or
2. Take your Fund Recovery Services complaint to Consumer Arbitration

We at FairShake can help you file a claim against companies like Fund Recovery Services. We’ll take your complaint through the legal process of consumer arbitration. This usually gets them to negotiate. (For a list of companies we process complaints against, start here.)

Here’s some information from the American Arbitration Association (AAA) on how recent complaints against Fund Recovery Services have been resolved:

NOW FOR THE NUMBERS…

In 2018, 16 complaints against Fund Recovery Services were resolved through the arbitration system.

Among these complaints,  complaints resulted in a settlement  – that’s 0% of complaints.

Although settlement amounts are secret, the average complaint against Fund Recovery Services asked for $2022 in compensation.

At least 14 customers also received non-monetary relief for their Fund Recovery Services complaint as well.

Arbitration complaints against Fund Recovery Services took an average of over 6 months to resolve.

Complaints handled by FairShake are often settled before arbitration, which can be much faster. (For a list of companies we process complaints against, start here.)

The arbitration complaint process against Fund Recovery Services costs money, but the company is usually responsible for costs. Fund Recovery Services paid $0 in fees per complaint on average.

Meanwhile, 100% of consumers paid nothing in arbitration fees for their complaint against Fund Recovery Services through the American Arbitration Association.