SUED BY VELOCITY INVESTMENTS?
We Know Velocity. We Can Help.
We have been defending consumers against Velocity since 2007. If Velocity has sued you over a credit card debt or already has a judgment against you, you can rely on our knowledge and experience to resolve your case.
If you'd like a FREE consultation to discuss your case and review your options, you can call us toll-free, or submit your information in the form to the right and we will respond promptly. Our discussion will be absolutely confidential and you will be under no obligation. Call us toll-free at:
Velocity Investments, LLC is a large, nation-wide Debt Buyer that purchases defaulted credit card debt to collect for its own account.
Velocity is taking plenty of money from people who don't know their rights, but we know the central legal weakness in each of their cases. As a result, we have been able to get favorable outcomes for our clients, either through litigation or via quick settlement, depending on our clients' needs. We have also gotten Velocity cases dismissed so our client pays them nothing.
Their Legal Weakness: The legal weakness in every Velocity lawsuit is proving the Chain of Title. It's not enough for Velocity to prove that you owe money on a credit card. Velocity must also prove that you owe the money to them, that is, that Velocity owns your account and is entitled to payment. This requires testimony from the original lender that it sold your account to Velocity. Sending a witness to trial is expensive. Given the millions of defaulted credit card accounts sold to Debt Buyers, these costs add up.
Will the bank pay for a witness to attend trial in your case solely for Velocity's benefit? Don't bank on it.
Velocity's attorneys are well aware of this weakness. This gives you significant negotiating leverage. It's why Debt Buyers like Velocity are more flexible in settlement negotiations than the original lenders.
The best strategy for exploiting this weakness depends on a number of factors including the cost and the timing of settlement and the identity of the trial judge.
If you'd like to discuss your options, call us at (877) 320-2380.
The consultation is FREE and you are under no obligation.
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