Maybe The Worst Collection Agency In The U.S.

Remember the name Unifund. If you ever receive mail from them or a phone call from them..watch out!

What I have learned is that Unifund is owned by the infamous Zises brothers who founded Integrated

Resources and royally screwed investors back the 1980’s. What follows is what Bud Hibbs of

www.budhibbs.com thinks of these slime buckets:

“David Rosenberg, Cincinnati, OH and the Unifund (UNIFRAUD?) Group is arguably one of the worst debt collectors that have EVER come on the scene.

He happily admits to paying 3-4 cents on the dollar to purchase old (usually worthless) debts from creditors, gambling that he can turn them into big profits. Rosenberg's operation is enough to cause consumers to be leery of Unifund collection activities. Challenge every contact from Unifund. Unifund does not ask credit card companies for copies of their card holder agreements. They have copies of the form agreements in their Files. However, they have no way of establishing which form was sent to which cardholder when. Their in-house signor of affidavits; Angela Freckman swears to have knowledge on purchased debts that are used in court filings. Again, CHALLENGE everything from these bottom feeders, they are NOT to be believed or trusted.

Rosenberg’s history is to file claims that are hearsay using a group of attorneys who would rather skip a court date in the hope of obtaining a default judgment. Unifund was reportedly selling ‘future home liens’ to other bottom feeders at a conference, how low does that rank in the sleaze category? The good news is that most Unifund cases can be defeated if you have proper legal representation from attorneys who know how to handle this assembly line of bogus pleadings and manufactured affidavits. It ain’t brain surgery to beat up on a bottom feeder, you just need to know what steps to take. Challenge everything about them, including anything they place on your credit files., let us assist you in defeating their con game.”

It gets better. One of my blog readers sent me the following information:

"Better yet, all three sons [Zises brothers] are the founding principles of Unifund CCR partners, a vicious collection agency. This year, Unifund will sue 160,000 families for credit card debt. Many families will be sued for cards they never owned. Even more will be sued, and never know about it until their wages are garnished, their bank account is cleaned out or the Sheriff sells the family home. This is an exceptionally profitable business. A face value account of say $8000 can be bought for less than $400, and yield a default judgment in excess of $20,000. And, since the tax laws treat purchased debit proceeds the same as loss recovery mitigation, the profits are mostly not reportable and tax free! Woopie!!!!

One of my blog readers sent me the following information:

"The industry is full of illegal activity all the way up to the corporate management level. Unifund has a contract with Asta Funding a.k.a. Palisades Collections that rewards Unifund CCR Partners with a premium commission for collecting "...outside the relative statute of limitations". I am sure the Zises Brothers have multiple offshore accounts in the Cayman Islands, Jersey, Isle of Man, Isle of White and various South China Sea banks. They must be using their accounts with the Israeli Discount Bank on 5th avenue, which has a branch in the Cayman Islands, as a vehicle to get the unreported Unifund proceeds out of the country."

If you are being contacted by Unifund, email me, or purchase my STCF system.

If you ignore their correspondence you are going to need an attorney.