This post looks inside Unifund Corporation or Unifund CCR Partners (Unifund). The case of Rosenau v. Unifund is the subject of various blogs on the Fair Debt Collection Practices Act. In reading this case I came upon a paragraph written by Third Circuit Court of Appeals Judge D. Michael Fisher that provides insight into how Unifund operates.
“Unifund purchases old consumer debt. It buys the debt from credit card companies in the form of data files that contain information on thousands of consumer accounts. Unifund’s proprietary software then runs queries to determine which accounts Unifund will pursue for collection and which it will resell. Once the system has flagged the accounts that will be collected, another automated process generates letters that are mailed to consumers to begin the collection efforts. Unifund mails about 2,000 of these collection letters each day.”
