Velocity Investments LLC Debt Collector Phone Harassment?
*Is Velocity Investments (VI) calling you?*Stop Velocity Investments phone harassment. Do they threaten to take legal action or garnish your wages? Are they calling you at all hours or several times a day? Are they telling your family and neighbors that you owe a debt? If so what they are doing is illegal and needs to stop. You have the legal right to stop VI phone harassment. If a collection agency violates the FDCPA, you may be eligible to receive up to $1000.00 in statutory damages, along with covering your attorney fees.
It is crucial to respond promptly to a debt collection notice from Velocity Investments LLC. You should consider sending a Debt Validation Letter and seeking legal advice to protect your rights and avoid potential consequences.
Is Velocity Investments a Scam?
According to the Better Business Bureau website, Velocity Investments has been in business for 16 years. There have been 8 complaints filed against VI with the BBB.
Velocity Investments Better Business Bureau
Who is Velocity Investments Debt Collector?
Velocity Investments is third party debt collector located in Wall Township, New Jersey. VI has been a party to a Federal Court case over 540 times. They have been accused of violating consumer’s rights and illegal and harassing communication tactics to attempt to coerce a payment from the harassed consumer.
Velocity Investments LLC is a debt buyer, purchasing delinquent debts from original creditors at a reduced price and then attempting to collect the owed amounts.
Address: 1800 State Route 34 Ste 404A
Wall Township, NJ 07719-9147
Phone: (732) 556-9090
Velocity Investments is often referred to or searched for by other names. These include:
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Types of Debts They Collect
Velocity Investments LLC is a versatile debt collection company that handles a wide range of debts. They collect personal loans, credit card debts, medical bills, and utility bills. Additionally, they manage debts from original creditors, third-party debt buyers, and debts they purchase themselves. Their primary focus is on managing accounts receivables and resolving outstanding debts across various sectors. Whether it’s a debt from a credit card company or a medical bill, Velocity Investments LLC aims to collect debts efficiently and effectively.
Velocity Investments Debt Collection Process
If Velocity Investments engages in any of the following tactics, you may have a case:
- Using profanity or abusive language
- Calling you before 8:00 a.m. or after 9:00 p.m.
- Calling you multiple times per week
- Talking to others about your debt
- Calling your workplace
- Threatening to sue you, harm you, or destroy your credit
- Telling you or anyone else that you’ve committed a crime
- Calling repeatedly for the wrong person
- Failing to notify you of your right to dispute the debt
- Trying to collect more than legally allowed
These aggressive debt collection efforts can be overwhelming, and it is crucial to understand your rights to manage interactions with debt collectors effectively.
Velocity Investments Phone Numbers
Are you receiving any harassing phone calls from any of the following numbers?
732-556-9090, 732-556-0365, (732) 556-9090, (732) 556-0365, 7325569090, 7325560365
If the answer is yes, then you are receiving calls from a known VI number. You may be a victim of VI phone harassment. The list above is not all the numbers that VI uses. The calls can be from a different number and it still be Velocity Investments calling you. Contact our office right away so we can start the process to stop VI from calling you illegally. Above all, no one should live with harassment!
Common Questions About Fair Debt Collection Practices
Is VI a scam? No, Velocity Investments has been in business for 16 years.
Can Velocity Investments garnish my wages? Yes, VI can garnish your wages on a Federal Student loan or if they obtain a judgment from the courts.
Can VI sue me? Yes, VI can sue you so long as the debt is within the statute of limitations
Can VI report my debt to the collection bureaus? Yes, Debt collectors are allowed to place the collection account on your credit report. It is important to review your credit report for errors and understand your rights under the Fair Credit Reporting Act (FCRA) to dispute inaccuracies in credit reporting.
Can VI arrest me? Debt collectors don’t have the authority to have you arrested for a debt. However, if you violate a court order, e.g. an order to appear in court, the judge can issue a warrant for your arrest. Depending on the laws in your state, you may be arrested for certain debts like unpaid child support or traffic tickets.
The following is a sample list of complaints filed against Velocity Investments in the past and can be found on Pacer.org.
1:10-cv-01798-PAG Edwards v. Velocity Investments
1:11-cv-00150-CW Lauer et al v. Velocity Investments
2:17-cv-01897-MHH Wood v. Velocity Investments
2:18-cv-00121-MHH Stantis v. Velocity Investments
3:18-cv-00010-DPM Watkins et al v. Velocity Investments
Fair Debt Collection Practices
Velocity Investments LLC is bound by the Fair Debt Collection Practices Act (FDCPA), a federal law designed to protect consumers from abusive and deceptive practices by debt collectors. Under the FDCPA, debt collectors are prohibited from using profanity, making threats, or contacting consumers at inconvenient times. They must also avoid making false or misleading statements. Importantly, Velocity Investments LLC is required to provide a debt validation letter, which includes details about the debt, the creditor, and the consumer’s rights. This ensures that consumers are fully informed and can exercise their rights under the law.
Understanding Your Rights
When dealing with debt collectors like Velocity Investments LLC, it’s crucial to understand your rights. You have the right to request debt validation, dispute the debt, and negotiate a settlement. Debt collectors must treat you fairly and respectfully, adhering to the guidelines set forth by the FDCPA. If you believe your rights have been violated, you can file a complaint with the or the Better Business Bureau. Knowing your rights empowers you to take control of the situation and protect yourself from unfair practices.
Filing Complaints
If you have issues with Velocity Investments LLC, you can file a complaint with the (CFPB) or the Better Business Bureau (BBB). The CFPB is a federal agency that oversees consumer financial products and services, including debt collection. The BBB is a non-profit organization that provides information about businesses and helps resolve consumer-business disputes. Filing a complaint can help address your issue and also assist others who might be facing similar problems. It’s a step towards ensuring fair treatment and accountability.
Dealing with Velocity Investments Lawsuits
If Velocity Investments LLC files a lawsuit against you, it’s essential to act promptly to protect your rights. Start by responding to the lawsuit with a written answer. Consider hiring a lawyer who specializes in consumer law to guide you through the legal process. Additionally, you might negotiate a settlement with Velocity Investments LLC, which could involve making a lump sum payment or setting up a payment plan. Taking these steps can help you manage the situation effectively and minimize potential legal repercussions.
About Us
Consumer Rights Law Firm, PLLC is a law firm that specializes in helping clients who are facing harassment from debt collectors in any form, including telephone communication. Rather than suffer alone, contact our office to begin the process to stop the Velocity Investments harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.
Consumer Rights Law Firm Better Business Bureau
If you are interested in learning more about how to safeguard yourself and prevent harassment from Velocity Investments. call us at 855-385-8182 for immediate assistance or visit our website at www.consumerlawfirmcenter.com
Success Stories
“I would highly recommend the Consumer Rights Law Firm to anybody that has been harassed! They were very professional and straightforward about my rights”.
“I had the pleasure of dealing with Consumer Rights Law Firm PLLC on 2 different occasions the staff were very courteous and helpful, and they were familiar with the Collection Agency’s in question and the harassment calls stop, I was even compensated. I would recommend this company to anyone going thru this type of harassment a very satisfied customer”.
“Because of a lie from a third-party debt collector that threatened me financially I nearly made the mistake of paying the debt collector money I couldn’t afford. The people here were friendly, knowledgeable and settled my case quickly. THANK YOU SO MUCH!!”
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