What does UNIFUND mean on my credit report?

Learn about UNIFUND, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is UNIFUND?

UNIFUND is shorthand for Unifund, with the company name being Unifund Inc

Under a Management Agency Agreement (MAA), Unifund is managed by its affiliate, Johnson, Inc., which sells all policies through insurance representatives licensed by the various provincial licensing authorities. The MAA is approved by the Federal Insurance Company Act for the purpose of ensuring fair market terms and conditions. Those procedures are supervised by the Conduct Review Committee of the board of directors on behalf of Unifund. All members of this committee are independent and unaffiliated directors.

UNIFUND is a Creditor provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Unifund.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

The account is classified under the following METRO2 categories:

  • ⚫ Collection Agency/Attorney

How do I contact them?

Here is the current contact details for Unifund:


  • P.O. Box 12049, 10 Factory Lane St. John’s, Newfoundland & Labrador Canada, A1C 6H5





There are many ways to make a payment, including credit and debit cards, PayPal, and other online payment services. You can also make payments over the phone or through a mobile app. Some companies offer discounts for automatic payments, and there may be penalties for late or missed payments. Wire transfer is a fast and secure method of transferring money from one bank account to another, making it a popular choice for making payments.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

loan forgiveness is not offered by this company. Loan consolidation is offered by ABC Financial. ABC Financial provides loan consolidation services that make it easier to manage multiple loans, with lower monthly payments and the potential to save money on interest. Loan forgiveness may be available if you work in a qualifying public service job, make qualifying loan payments, and meet other requirements. Generally, you must make 120 qualifying loan payments while working in the public service job. The payments must be consecutive and made under certain repayment plans.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

You can apply for a loan online, over the phone, or in person. Many lenders have websites and mobile applications that allow customers to apply for a loan online in minutes. The online application usually requires documentation such as bank statements and identification. An in-person meeting may also require similar documentation.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

SmartCredit Report Example

  • This is an example of what this creditor will look like on your SmartCredit report.

UNIFUND SmartCredit Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove UNIFUND from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.