Why did Unifund CCR file a lawsuit against me?
Unifund CCR is a debt buyer. They sue consumers that defaulted on balances on the debt they purchased for pennies on the dollar. They are trying to profit from the little money they paid for the debt. They are counting on the fact that you will not respond or show up to court. If you do not then they may take a default judgment against you. In New York, a judgment can be aggressively collected for twenty (20) years and even longer if they keep renewing the judgment. This gives Unifund CCR a long time in which to come after you. Many consumers think that a judgment is just a worthless piece of paper. They think that they can be forced to pay in New York. They are wrong.
Unifund CCR, after they take a judgment against you, can
- Go after your paycheck taking a potion of it until paid in full. Learn more about New York Wage Garnishment
- Freeze and take money from your bank accounts. Learn more about New York Bank Levy
- Hinder they sale of your property until a settlement is made. Learn more about New York Judgment Settlement
- Force the sale of unprotected assets like a home, cars, jewelry.