Are you receiving repeated phone calls, emails, or letters from Velocity Investments LLC? Do they threaten to sue you, garnish your wages, or contact your family and neighbors about a debt? If so, you may be experiencing illegal debt collection practices, and you have the right to stop it.
Debt collectors who violate the Fair Debt Collection Practices Act (FDCPA) can face legal action, and you may be eligible to recover statutory damages up to $1,000 plus attorney fees.
Who Is Velocity Investments LLC?
Velocity Investments LLC is a third-party debt collector and debt buyer located in Wall Township, New Jersey. The company purchases delinquent debts from original creditors at a discounted price and then attempts to collect the full amount owed.
Velocity Investments handles various types of debts, including:
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Credit card debts
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Personal loans
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Medical bills
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Utility bills
They also manage accounts purchased from other debt buyers and original creditors, focusing on resolving outstanding debts efficiently.
- Address: 1800 State Route 34 Ste 404A, Wall Township, NJ 07719-9147
- Phone: (732) 556-9090
Despite being a legitimate business, many consumers have reported aggressive or unlawful collection practices.
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 Phone Numbers
Here are the main numbers associated with Velocity Investments. Even if you get calls from another number, it may still be them:
How Velocity Investments Collects Debts
If you are dealing with Velocity Investments, they may use any of the following tactics:
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Calling before 8 a.m. or after 9 p.m.
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Trying to collect more than legally allowed
While some of these practices may seem routine, they can constitute illegal harassment under the FDCPA.
What to Do If You Are Harassed by Velocity Investments
1. Send a Debt Validation Letter
Request written verification of the debt, including the amount owed, the original creditor, and proof that Velocity Investments has the legal right to collect. Send this via certified mail to preserve a record.
2. Document Every Interaction
Keep a log of all phone calls, letters, texts, and emails. Record dates, times, and details of conversations, including the name of the collector you spoke with.
3. Dispute Inaccurate Debts
If you find debts that are inaccurate or time-barred, dispute them in writing. This includes disputing entries on your credit reports under the Fair Credit Reporting Act (FCRA).
4. File Complaints
Filing complaints helps protect your rights and may assist others facing similar issues.
Should You Pay Velocity Investments?
| Consider Paying If | Do NOT Pay If |
|---|---|
| The debt is verified | The debt is wrong |
| It’s within the legal time limit | The debt is time-barred |
| You can negotiate a fair settlement | Velocity refuses to provide validation |
| Payment improves your financial situation | Your rights have been violated |
| You receive proper documentation | They threaten you illegally |
Never pay out of fear or without proper documentation. Protect your rights first.
When Velocity Investments Sues
If you are served with a lawsuit, act promptly:
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Respond with a written answer within the deadline
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Hire a consumer law attorney to guide you
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Consider settlement options only after verification
Failing to respond can result in a default judgment, including wage garnishment or bank account levies.
Velocity Investments Complaints
The following is a sample list of complaints filed against Velocity Investments in the past and can be found on Pacer.gov.
- 📋 1:10-cv-01798-PAG Edwards v.
- 📋 1:11-cv-00150-CW Lauer et al v.
- 📋 2:17-cv-01897-MHH Wood v.
- 📋 2:18-cv-00121-MHH Stantis v.
- 📋 3:18-cv-00010-DPM Watkins et al v.
How Our Attorneys Can Help You?
Consumer Rights Law Firm PLLC is a law firm that specializes in helping clients who are facing Velocity debt collectors phone 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 debt collection harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.
If you are interested in learning more about how to safeguard yourself and prevent Velocity Investments phone harassment. call us at 855-385-8182 for immediate assistance or visit our website.
Success Stories
- 🏆 “Matthew helped me end phone calls I was receiving that were threatening a lawsuit (scam business) and harassing me, a clear case of Velocity Investments Phone Harassment. He did this with his own time, as I was being scammed and it was not a bad debt. Thank you so much Matt!”
- 🏆 “Thank you to Consumer Rights Law Firm Protection ( Matt). Amazing company. He gave me a lot of relief about a fraudulent company.”
- 🏆 “Spoke with Matthew, explained my situation, he immediately started asking questions, and called the company, calling me, and figured out it was a scam. He was so helpful and my nerves are at ease now. Thank You Matthew!!!!!!!!!”
FAQs
What is Velocity Investments and why are they calling me?
Velocity Investments is a debt collection firm contacting individuals about overdue accounts. If you’re receiving calls, they believe you owe money on a debt they manage.
Are Velocity Investments calls legal or considered harassment?
While debt collectors can call, they must follow laws like the FDCPA. Repeated, threatening, or abusive calls may be illegal, giving you grounds to take action.
How do I verify the debt with Velocity Investments?
You have the right to request written debt validation within 30 days of their first call. They must provide proof of the amount, original creditor, and your rights.
Can Velocity Investments contact me multiple times a day?
No. The FDCPA prohibits repeated calls that are harassing or abusive. You can demand they stop contacting you.
How can I make Velocity Investments stop contacting me?
Send a written cease-and-desist letter. Once they receive it, they may only contact you to confirm receipt or inform you of legal actions.
Can I sue Velocity Investments for illegal phone calls?
Yes. Violations of the FDCPA or TCPA allow you to file a lawsuit and potentially recover damages for harassment.
Can Velocity Investments garnish my wages or sue me?
Yes, they can garnish wages if they obtain a court judgment or pursue certain debts like federal student loans. They can also sue you if the debt is within the statute of limitations.
Can Velocity Investments report my debt to credit bureaus?
Yes. They can place collection accounts on your credit report. Review your report for errors and dispute inaccuracies under the Fair Credit Reporting Act (FCRA).
How can I defend a Velocity Investments lawsuit?
Respond promptly with a written court Answer and demand proof of the debt. Hiring a consumer law attorney can help you navigate the process and protect your rights.
My loan was sold to Velocity Investments. What do I do?
Request debt validation in writing and dispute errors. You can take legal action against them for selling your debt. Be careful, talking to a debt collector can restart the statute of limitations in some states.
