Unifund, founded in 1986 has built a reputation over the years as being a leader in the Accounts Management Field. Unifund buys and sells debts and provides portfolio management services. In just one year time, they purchase billions of dollars in charged off receivables from a variety of sources including nationally known banks and financial institutions. They have been a forefront company in the field and many of their practices have been adopted by other companies and are now considered standard. They belong to top industry associations including ACA International, Asset Buyers Division and the Debt Buyers Association.
Unifund uses a combination of techniques to determine risk and benefit. They focus their time and energy in finding debtors who can pay. They are easily able to liquefy and manage portfolios successfully. Unifund is quite diverse and therefore always seeking to find consumer debt. They deal with auto deficiencies, balance transfers, consumer loans, mortgages, credit cards, government debtor obligations and student loans to name a few. They take a unique approach compared to most of their competitors, purchasing the majority of their accounts directly from issuers.
Sellers of debt can be confident when working with Unifund. Unifund offers competitive rates, immediate cash, flexibility and integrity. Liquidation of charged off accounts for many originators opens up doors for financial recovery. Selling can improve your bottom line and increase cash flow.
Besides purchasing debt, they are also one of the top national resellers of distressed debt. Their high purchasing power and national partnerships with sellers allows them to offer buyers a vast number of products. Unifund works with their buyers, offering carefully put together portfolios that are curtailed to the client’s specific needs. Portfolios can be as small as a few thousand dollars on up into the millions. Top notch customer service and high profit margins keep buyers coming back for more.
Portfolio management services is another specialty of Unifund. They work closely with clients who want to keep overdue receivables, helping them to determine the best way to get value back into these accounts. Unifund uses the same practices and technologies to manage outside portfolios as they do their own.
Unifund also provides services to government agencies, aiding them in collecting delinquent receivables. Using the same techniques as their private sector businesses, Unifund uses all of its available resources to help the government collect on delinquent accounts including taxes.
It is important to note that Unifund is listed with the Better Business Bureau and has only a C rating. Although there have been complaints in recent years, all of them have been reported as closed or resolved.