The Business of Debt Collection

Unifund, with David Rosenberg at the helm as sole shareholder of one of the general partner entities, has a huge portfolio for growth. Debt buying has emerged in the past decade because creditors are finding that they cannot manage rapidly growing delinquent portfolios. Creditors have found it more cost-effective to sell debt than to collect by themselves or contract the collection out. Creditors prefer to recover their loss. The collection industry brought in an estimated $130 billion in bad debt in 2000. There is approximately 2.02 Trillion in bad debt out there that needs collecting. Unifund will be there to help.