Velocity Investments
Reviews and Complaints

I have been receiving harassing phone calls about a debt that I "possibly" owe and today I received a letter from *** a debt collector trying to collect a debt to Velocity Invests, LLC. The amount I have "incurred as of April 30,2006. This is a total scam and I KNOW that as I have never had ANY unpaid bills with ANY company/business NOR was I a co-signer for anyone. Please help to get this people to stop.

I request, in writing, that no telephone contact be made by Velocity Investments offices to my home or to my place of employment. If Velocity Investments or a third party that represents Velocity Investments' offices attempt telephone communication with me, including but not limited to computer generated calls or correspondence sent to any third parties, it will be considered harassment and I will have no choice but to file suit.

I received a letter in the mail yesterday from Convergent Outsourcing attempting to collect a debt I owe to Velocity investments. Debt amount $448.51. If there was an outstanding balance on any of my accounts I would have successfully paid them on time. I DO NOT owe this debt. The account doesn't exist nor have I heard of any of the companies listed on the letter. I ran my credit report Oct/Nov 2021 and the company or amount was NOT listed. Please explain why this company is trying to collect a bogus debt. Thanks

This company bought a debt I had in 2015, I received papers for court in 2021. I contacted them and told them I had never done business with them and requested the original paperwork with my signature on it showing I owed this debt. I never received it. I called the courthouse to reschedule my date due to Covid illness and forgot about the new date. I still havent received any paperwork from Velocity Investment showing I have a debt with them. They filed a motion in court to have my wages garnished. This isnt right when I know I dont owe them any money.

I recieved a collection notification of a debt today. This debt is indicated from an origional Creditor I have never heard of nor can I find a listing for on any search inquires I have completed. They also are using a married name I haven't had for nearly 17 years. I do not have either the collecting agency's name currently collecting the debt, the creditor that assigned the debt, or the original creditor, on any of my credit reports as a debt ever owed or being in collections. This is not my debt and requesting this company to stop any collection attempts or calls.

I received a letter from the IRS stating that I never claimed a 1099-C from this company. Number 1. I have never heard of or worked with this company before. Number 2. When I called the 1800 number to speak to someone whoever answered the phone and just said their name. I asked again to be sure and then asked if this was Velocity investments and they said no. I have tried to email them as well with no response. All my debts have been paid and taken care of, so I'm not sure why this company has my information and if they did why they never sent me the correct form for my taxes.

VELOCITY INVESTMENT LLC sent a collection letter to me. I have no record of this debt and no record of receiving any money from them. I disputed the letter under FDCPA and requested the there collection file. They responded with a copy of af an alleged not filled out on the internet and no other proof. VELOCITY INVESTMENT LLC than filed suite with an attorney in Alabama and produced documentation not supplied in there response to my FDCPA request. the lawsuit was further filed as an alias suit in the wrong county. As to date VELOCITY INVESTMENT LLC has failed to prove, 1. I ever took out the loan with them and 2. I ever received and funds from them.

I have received a letter from this Company stating about a large portion of money I supposedly owe them when I never heard of this company let alome owe anybody any type of money. I've contacted this company only to get no answer at all so im kind of confused as to why I'm recieving this threatening letter of this company tryna take me to court and sue me over a large lumpsum of money that I never borrowed let alone see from anybody of that matter. As I read some reviews on here it seems like this company is getting people out of there money and not providing them with a reason as to why and who and i refuse to be a victim. I need answers because this is not cool at all especially to be threatened to be taking to court and your wages garnish when i have a whole family that i take care of including my house.

A debt that had been paid was sold 10 days after final payment to this debt buyer. Without so much as a single introductory letter from Velocity advising me of the change in status, I received a letter from still a THIRD company, whom I later learned that Velocity had already involved to collect the invalid debt. I called to try to sort this out, and advise Velocity to expect proof of full payment from the original creditor. I was spoken to very rudely by a woman named Fran, and told that sorting out proof of having paid the debt with the third company, their contracted collector, was my responsibility. The original creditor cannot contact the third company with this proof, only Velocity, whom they sold the debt to in error, after it had been paid. I will have to involve myself in a three-way conversation, with unhelpful, unmotivated debt buyers/collectors, involving a debt that was already paid, and sold in error. Who knows how long this will take. Thanks for listening, Fran!

I had a loan about 4 years ago. I think it was for a certain amount of money—I have all my paperwork and where I had automatic withdrawals from my account back then. I paid $4,456.15 on the loan and have all my documents. Then Velocity Investments sends a process server out to my house a few weeks ago; he left a card on my door as I was not at home. When I got home, I called the process server. He came back out as I didn't know what it was about, and it was a civil warrant to go to court here in Davidson County, TN - Oct 27 at 9:45 am 2021 to answer this judgment. Velocity said I owed Lending Tree $4,239.47. I thought they were supposed to send a letter first. Legal advice told me to give an opportunity to discuss it—I NEVER received any letter. So I sent them a certified letter to their attorneys. That was on civil judgment explaining everything to them just like I did here. I am a senior lady and have NO assets. I'm asking them to please close this and dismiss court.

Have not recieved any contact from this company as it has been requested to be mail only. Only contact I have had is in the form of a lawsuit over a debt I am trying to confirm the amount of and to make sure it is mine with no luck. On those paper they have e the completely wrong address as well. I want all information pertaining to said debt to confirm it is mine and contacted in the manor I had requested, via mail be it by letters or email. I have made a very small payment to include my email address and physical address for their records. I have no issue paying on a debt as long as I can confirm that it is correct and mine. I have seen reviews on this company and it appears they have poor business skills and charge people for debts that aren't even their's and/or say it is far more than it actually is on top of their poor customer service. I would prefer another company over this one if possible if the debt is true. On top of this the debt does not appear on my credit report so I can not confirm the amount that way either.

About a month ago I started receiving letters from lawyers saying I had been sued by Velocity Investments, LLC (about 8 letters) saying I owed a debt of $9k. A company I had never heard about, or have received calls or letters from. The letters only say I've been sued by them for the debt amount. So, I decided to call Velocity Investments myself to find out what it is I owed and for proof that I owe that amount and what it is for. Frank takes my call, I inform him about the lawyer letters; he asks me for my full social security number, which of course I won't give that information over the phone. It's 2021, ill give you the last 4 digits is what I told him. He said he can't find my information with out the full 9 digits, so I offered for him to find it another way... which many companies do. Frank said the only way to find my information is with my 9 digit social security number. Then he said to me "if you need more information you will have to contact the lawyer sending you the letter" I said "all 8 of them?" Frank said they had the information I needed, that he wasn't going to have it (but he would of had it if I'd give him my full ss # right?) So I asked him "you're telling me, you hired 8 lawyers to sue me over $9k? because that is just ridiculous!" He then said "well it's a big company?" They didn't want to give me the information I asked for, if you are the one I owe the debt to, I need to know what it's for and I do not need to contact anyone else to get that information Frank! Really I've been scammed so many times by these so called collection companies, it gets so frustrating.

On Oct 28, 2019 we received a notice that Velocity Investments, LLC had filed a lawsuit on Oct 17, 2019, claiming that my spouse and I had a debt with their company. When we questioned this claim we were overwhelmed by burdensome litigation that we were unable to address due to our lack of legal experience and limited resources. Upon being notified that we would have to pay the debt, we attempted to contact the law firm representing Velocity Investments, LLC, on multiple occasions in order to address settlements and payment plans, but did not receive a response. We ended our attempts to contact the law firm in March. Today, on Jan 11, 2022, we received notification that on Dec 10, 2021, my husbands company had been sent a summons requiring them to provide information about his work history with the company, therefore putting his employment in jeopardy.Prior to receiving this notification we have had no communication from Velocity Investments, LLC or the law firm representing them since December. This lack of contact includes the failure of Velocity Investments, LLC, and their law firm, to respond to our repeated attempts to reach out to them over the three months after the initial judgement. This is irresponsible and unethical. Due to the lack of communication at any point after the initial judgement in Dec of 2019, until the summons provided to my husbands place of work two years later in Dec of 2021, we were unable to come to a mutual settlement. Velocity Investments, LLC has done irreparable damage to our professional and financial reputations, without allowing us the opportunity to respond to the initial judgement. I can only assume, based on the information available to me, that Velocity Investments, LLC, and the law firm representing them are either incompetent or malicious.