Has Velocity Investments, LLC, sued you?
Are you being sued by Velocity Investments, LLC or already have a judgment entered against you in favor of this company? If so, Tayne Law Group is exactly the type of help you’ve been looking for. Read below to learn more about Velocity Investments and what our experienced and dedicated attorneys can do for you.
Who is Velocity Investments?
Velocity Investments, LLC is a national consumer debt buyer of delinquent consumer receivables, such as credit card debt. Founded in 2003, Velocity Investments uses what it describes as a “comprehensive collection strategy” that is focused on converting “distressed receivables to cash.”
Among the various law firms retained by Velocity Investments to bring legal action against consumers are Mullooly, Jeffrey, Rooney & Flynn, and Malen & Associates.
Per NARCA.org, this is the contact information for Velocity Investments:
Velocity Investments, LLC
1800 Route 34N, Suite 404A
Wall, New Jersey 07719
Phone number: (732) 556-9090
Toll-free: (800) 558-4027
velocityrecoveries.com
Is this a scam?
Despite Velocity Investments’ claims regarding their style and approach to debt-buying and collection, complaints about this agency are available on various websites.
According to the Better Business Bureau (BBB) website, as of April 26, 2023, Velocity has had 65 complaints closed in the last three years, including 22 closed in the last 12 months.
If Velocity Investments have sued you, you should not ignore the documents. While you may contest the debt being pursued, the debt collection lawsuit itself is likely legitimate and must be defended to try and prevent a default judgment.
If you’ve been sued, consider obtaining a debt validation letter if you haven’t received one already. This requires that the debt collection agency prove that you owe the debt. The Fair Debt Collection Practices Act (FDCPA) states this letter must be sent within five days of first contacting you.
How can we help?
Our law firm routinely battles actions filed by Velocity Investments and has regularly obtained outstanding results for our clients. We can help you dispute debt held by debt collectors or save money and establish manageable payment plans to set you up for success. We can even fight to have default judgments vacated where appropriate and can work to stop wage garnishment from your bank account.
Aren’t lawyers expensive?
Our law firm only represents debtors – meaning we understand that the people needing our help do not have much disposable income (if any). That is why our consultations are free, and we only charge a low flat rate for our services – i.e., no contingency fees.
Why hire an expensive debt settlement company without attorneys on staff to help you resolve your debt issue? You need someone to represent you in court and someone capable of answering questions you have about Federal and New York State debt collection and statute of limitation laws.
Tayne Law Group has licensed, experienced attorneys who can take care of everything for you and will help you throughout the entire collections process to ensure you obtain the best results possible.
If you need help dealing with Velocity Investments, contact our firm today for a free consultation. Our lawyers will take the time to listen to your concerns and explain your options.
