If you’ve ever been chased by a collection agency, you know what a stressful ordeal it can be. You dread the arrival of each day’s mail and become anxious when the phone rings. If a debt collector has pursued you to the point that you feel this way, contacting a consumer lawyer can put you back in control.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) is a federal statute that regulates the professional conduct of third-party debt collectors. Any company that applies these types of pressure to make a consumer pay can be closed down.
- Demanding payments that exceed the amount of the original debt
- Calling you outside of the hours of 8:00 a.m. to 9:00 p.m. in your time zone
- Failing or refusing to identify themselves as debt collectors trying to collect a deb
- Discussing your debt with anyone except you, your spouse, or your attorney
- Saying they have filed a lawsuit against you when they haven’t
- Leaving voice messages that do not identify the collector and the reason for their call
Company Profile: Velocity Investments, LLC
If you are being called by Velocity Investments, LLC, a general overview of the company history is below.
Velocity Investments, LLC is a collection agency located in Wall Township, New Jersey. It was founded in 2003, has fewer than 20 employees, and is managed by its President, James Mastriani.
Digitized legal records at the PACER website confirm that consumers who felt they were being harassed by Velocity Investments, LLC took action to prevent further harassment.
Alleged Violations against Velocity Investments, LLC
According to PACER, on or around mid-2007, Velocity Investments, LLC sued an Ohio consumer to collect a debt. The case was settled, with the consumer agreeing to pay $67.00 to Defendant Velocity Investments, within thirty days to satisfy the matter in full.
Despite the consumer making the required payment on November 4, 2007, Velocity Investments, LLC filed a wage garnishment case against her on August 14, 2009, claiming that she owed $2,135.28, and allegedly served the notice at an incorrect address.
When the consumer learned about the matter from her employer, she reminded the agency that the debt had already been settled. On September 18, 2009, the Canton Municipal Court agreed that the judgment had been satisfied in November 2007 and dismissed the action.
Feeling harassed by Velocity Investments, LLC, the consumer hired an attorney and sued the company for allegedly violating the FDCPA by:
- Using false, deceptive, and misleading means to collect a debt
- Using harassing and abusive means to collect a debt
- Misrepresenting the character, amount, or legal status of the debt
- Threatening to communicate false credit information
- Using unfair and unconscionable means to collect a debt
- Trying to collect an amount not permitted by law
The matter was later resolved.
Hire a Consumer Lawyer
The phone numbers for Velocity Investments, LLC are:
If they appear on your caller ID, it means that Velocity Investments, LLC is trying to reach you. If they seek a garnishment order against you after you pay a debt, hire a consumer attorney who will protect your rights and file a claim against Velocity Investments, LLC.
You could be awarded $1,000 in damages plus attorney fees, so taking action now could benefit you later.
Case taken from PACER (pacer.gov). File number is Case: 1:10-cv-01798-PAG from the United States District Court for the Northern District of Ohio, Eastern Division.
*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Velocity Investments, LLC or any other third-party collection agency, you may not be entitled to any compensation.