Unifund CCR Partners, Inc. purchases, sells, and manages under-performing and distressed consumer receivables in the United States. It offers debt sales of distressed debts, such as future home liens(guaranteed debtor home ownership), future garnishments(guaranteed debtor employment), judgments and liens, and litigation-ready accounts for law firms, distressed asset investors, collection agencies, financial institutions, real estate/mortgage firms, resellers, and title companies. The company also provides debt purchases of non-performing assets, including various newly defaulted, freshly charged-off, post-primary, post-secondary, and post-tertiary and beyond charged-off debts from attorneys,...
10625 Techwoods Circle
Cincinnati, OH 45242
Founded in 1986
Asta Funding Inc. Files Lawsuit Against Unifund CCR Partners
Aug 21 14
Asta Funding Inc. on Aug. 5, 2014, filed a lawsuit against Unifund CCR Partners. According to the lawsuit filed in the Superior Court for the State of Delaware, New Castle County, alleges that Unifund has failed to pay Asta Funding certain amounts that are due to the company under a servicing agreement. Under the agreement, if Asta Funding does not recover within a specified time period a specified amount with respect to certain portfolios serviced by Unifund, Asta Funding is entitled to receive 50% of a fee premium distributed to Unifund on all portfolios that it services. The lawsuit alleges that Asta Funding did not recover the specified amount within the specified time period, but Unifund failed to pay the company 50% of the fee premium and instead retained the entire fee premium for itself. Asta Funding is seeking at least $19 million in damages.