Velocity Investments LLC

Corporate structure

Who owns Velocity Investments LLC?

Velocity Investments LLC is an independent debt buyer with no publicly documented parent company.

Common original creditors whose accounts Velocity Investments LLC has purchased include: Citibank, Capital One, Synchrony Bank, GE Capital, Chase, Various credit unions.

Your next steps

What to do if Velocity Investments LLC is suing you

1. 1
   Find your deadline immediatelyYou have a limited number of days to file your Answer after being served — typically 20 to 35 days depending on your state. Missing this deadline results in a default judgment. Check your state’s guide for the exact deadline.
2. 2
   Demand proof of ownershipVelocity Investments LLC must prove a valid, unbroken chain of assignment from your original creditor. In your Answer, raise lack of standing and require the plaintiff to produce the bill of sale and account-level documentation.
3. 3
   Check the statute of limitationsDebt buyers sometimes sue on old accounts. If the limitations period in your state has run since your last payment or the charge-off date, you may have a complete defense. Look up the state guide for your jurisdiction.
4. 4
   File your Answer — even if you plan to settleFiling a timely Answer preserves all your defenses and gives you leverage to negotiate a better settlement. Do not ignore the lawsuit expecting it to go away. See your state’s defense guide.

Frequently asked questions

Common questions about Velocity Investments LLC

• Who is Velocity Investments LLC?

  Velocity Investments LLC is a debt buyer based in Wall, New Jersey. It purchases charged-off consumer debt portfolios — primarily credit cards and personal loans — from banks and other lenders, then collects using in-house staff and attorneys.

• Why is Velocity Investments LLC suing me?

  Velocity purchased your charged-off account from a bank or lender and is now attempting to collect the full balance through the court system. Velocity files lawsuits across many states and is known for pursuing accounts through litigation.

• Can I challenge Velocity's right to sue me?

  Yes. As a debt buyer, Velocity must prove a valid chain of assignment from the original creditor to itself. Raise lack of standing as an affirmative defense in your Answer and require Velocity to produce account-level documentation.

• Is the statute of limitations a defense against Velocity?

  It can be. If the applicable limitations period in your state has run since your last payment or the account was charged off, you may raise this as an affirmative defense. Check the state guide for your jurisdiction to determine the relevant period.

• Has Velocity Investments faced CFPB or FTC enforcement?

  No significant public regulatory enforcement actions against Velocity Investments LLC are known at this time. However, Velocity is subject to the FDCPA and applicable state consumer protection laws, and you retain all rights those laws provide.

• What should I do if Velocity Investments is suing me?

  File a timely Answer before your state's deadline. In your Answer, deny the material allegations and raise all available defenses, including lack of standing and statute of limitations. A failure to respond will result in a default judgment.

State defense guides

Sued by Velocity Investments LLC? Find your state