The information provided below offers key insights and advice on how to effectively defend and fight against Velocity Investments LLC in court. More than six years has elapsed since McCaffrey defaulted in payment on this credit card. If this action were to be dismissed on the grounds that the court lacked jurisdiction because McCaffrey had not been properly served, the causes of action alleged in the complaint would now be time barred by the statute of limitations. Plaintiff could not recommence the action within 6 months of the dismissal because the dismissal is for failure to obtain personal jurisdiction over the defendant. Velocity Investments, LLC is a debt collection company.

  • See, LR Credit 21 LLC v. Paryshkura, — Misc.3d —-, 2010 N.Y.
  • We provide no guarantee regarding case outcomes nor are we liable for any case outcomes.
  • I also see Lending Club send accounts out to an external debt collection agency for a round of phone calls and letters before they sell to Velocity .
  • Once a judgment is granted, Velocity Investments has the right to collect the entire amount of the debt in question.
  • Jessica takes great satisfaction in being able to guide her clients through their darkest hours.

We have defended thousands of collection lawsuits. Many have been filed by Velocity Investments LLC Contact us if you have been sued by Velocity Investments. I do not have the money to fight this company and they never let me know they were going to court and now they are try to garnish my pay. They even filed a complaint for garnishment in Louisiana at a company I never worked for. I got another notice yesterday that my pay was going to be garnished and filed in court. If Velocity Investments violates your consumer rights, tell the agent on the phone they’re breaking the law.

How Many Complaints Are There Against Velocity Investments?

I recommend Jessica Graham and the Law firm of Graham Legal. Possibly be denied loans and employmentA judgment can prevent you from purchasing homes and cars and an employer may deny employment. This application demonstrates the dangers of treating tens of thousands of different cases identically. Only the judge to whom each case is assigned can determine issues regarding the propriety of service, the available defenses and the merits of the action and whether the relief requested should be granted. To one who is unsophisticated or lacks knowledge of the law, the “Affidavit and Stipulation” appears to be manna from heaven.

velocity investments llc

That’s why they call you so often and send so many letters. Statistics show that, sooner or later, a percentage of debtors will give in and start sending money. Debt collectors often are extremely aggressive in their collection tactics. The Fair Debt Collection Practices Act strictly regulates debt collection agencies. Velocity Investments LLC is located in Wall, New Jersey, and has about 11 employees. Just like dealing with any debt collector, be prepared.

Money Classic

I’m not sure what is going on with your situation and Velocity. It may be that Velocity has bought the judgment — I’ve not seen that in Alabama. This option doesn’t make much sense, if they’ve illegally sued youafter the Statute of Limitations.

They use a handful of collection agencies to write to you and call you in order to collect. It is a legitimate debt buying and collection company, so it is important to take collection action by them seriously. Yes.If you want to enforce your rights, or recover money for violations — you need to sue. Federal laws provide individuals like you with a means to seek monetary damages in court. For example, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs. Velocity Investments LLC does not accept goodwill letters to remove collection accounts or chargeoffs in our experience, and this is typical.

Leave a Comment

Your email address will not be published.

× How can I help you?