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Unifin Debt Collector Scam: A Comprehensive Guide
Introduction
Debt collectors are often hired by banks or financial institutions to recover payments from borrowers who have defaulted on their loans. While debt collection is legitimate, some agencies abuse their power, using harassing and unethical tactics to collect money from individuals. Unifin Debt Collector is one such agency that has gained negative press for its dubious practices. In this article, we will delve into the Unifin Debt Collector scam and explain why borrowers should be cautious when dealing with this agency.
Who is Unifin Debt Collector?
Unifin is a debt collecting agency based in Minnesota that claims to specialize in collecting commercial and consumer debt. The company has been in business since 1974 and has a team of over 700 employees spread across its many locations. Unifin states that it operates under strict ethical standards and follows all regulations set by the Federal Trade Commission (FTC) and the Fair Debt Collection Practices Act (FDCPA).
What are Unifin Debt Collector’s tactics?
Despite its claims of ethical practices, Unifin has been accused of using unethical and illegal tactics to collect debts. Some of the company’s alleged tactics include the following:
1. Harassing calls: Unifin has been accused of making repeated harassing calls to debtors, sometimes calling them multiple times a day, including early mornings and late nights. These calls often leave messages threatening legal action, wage garnishment, or imprisonment.
2. False claims: Many debtors allege that Unifin makes false claims about the amount owed, adding extra fees and interest to inflate the debt. In some cases, the company has even demanded payment for debts that have been repaid or settled.
3. Abusive language: Unifin’s employees have been accused of using abusive and threatening language while talking to debtors. This includes using foul language, yelling, and making derogatory comments.
4. Misleading information: Unifin has been accused of being vague and misleading about the debt itself, failing to provide accurate information about the creditor and the nature of the debt.
5. Identity theft: There have been allegations that Unifin has used debt collection as a cover to engage in identity theft, stealing personal information from debtors and using it for illegal activities.
Why is Unifin Lawsuit being filed?
Multiple lawsuits have been filed against Unifin by aggrieved borrowers. These lawsuits accuse the company of violating the FDCPA and using abusive and fraudulent practices to collect debts. In one such case, the plaintiff alleged that Unifin falsely claimed that he owed more than $2,000 on a delinquent account and that the debt had been transferred to the company by the original creditor. The plaintiff later discovered that the debt had been discharged in bankruptcy, but Unifin continued to harass him for payment. The lawsuit seeks to hold Unifin accountable for its illegal actions and obtain justice for the plaintiff.
What precautions to take when dealing with Unifin Debt Collector?
If you ever receive a call or message from Unifin, it is important to approach the situation with caution. Here are some steps you can take to protect yourself:
1. Ask for documentation: Request the agency to provide written documentation of the debt, including the amount owed, the original creditor, and any fees or interest charges. This information may help you verify if the debt is legitimate.
2. Be wary of threats: Debt collecting agencies are not allowed to threaten you with legal action or imprisonment. If you receive any such threats, report them to the FTC and consider seeking legal counsel.
3. Keep records: Keep a record of all communication with Unifin, including dates, times, and the content of the conversation. This may be helpful if you decide to file a complaint against the agency.
4. Get help: If you are unable to deal with Unifin on your own, seek help from a debt counseling agency or a legal professional. They can guide you through the process of debt negotiation and help you avoid any unethical practices.
FAQs
1. Is Unifin Debt Collector a legitimate company?
Although Unifin is a legitimate debt collection agency, it has been accused of using unethical and illegal tactics to collect debts.
2. Can Unifin Debt Collector garnish wages?
Yes, Unifin can request a wage garnishment order from a court if the debtor has not paid the debt after repeated attempts.
3. What should I do if Unifin Debt Collector contacts me?
If you receive a call or message from Unifin, ask them for written documentation of the debt and be wary of any threats or abuse. Keep a record of all communication and seek help from a debt counseling agency or a legal professional if needed.
Conclusion
Unifin Debt Collector has gained notoriety for its alleged abuse of power and unethical practices. It is important for debtors to protect themselves when dealing with debt collectors by staying informed and seeking help when necessary. By taking the above-mentioned precautions, borrowers can avoid falling prey to the Unifin Debt Collector scam and protect their financial wellbeing.
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Article Summary:
Unifin Debt Collector, a Minnesota-based debt collection agency specializing in collecting commercial and consumer debt, has been accused of using unethical and illegal tactics to collect debts. Alleged tactics include repeated harassing calls to debtors, false claims about the amount owed, abusive language, misleading information, and even identity theft. Multiple lawsuits have been filed against Unifin for violating the FDCPA and using abusive and fraudulent practices. If a debtor is contacted by Unifin, it is recommended to ask for documentation, be wary of threats, keep records, and seek help if needed from a debt counseling agency or legal professional.
