Velocity Portfolio Group Inc
Address:
1800 State Route 34 Ste 404A
Wall, NJ 07719-9147
Contact Them:
(732) 556-9090
Many Americans like you are being contacted by collection agencies who are trying to get payments on defaulted accounts they have acquired or been assigned. Even though you may owe a debt, you still have rights.
You should dispute the debt in writing if you feel as if the dollar amount the collection agency is requesting is inaccurate, if you feel the debt is not owed or if you feel the debt is fraudulent. You can send a letter to the collection agency within thirty days of first being notified of the collection. You should send this letter via certified mail so that you can prove that they received it. In response to your dispute, the collection agency must cease collection activity until they send you some sort of validation of the alleged debt. They can resume their collection efforts again once they produce proof of your debt.
The Fair Debt Collection Practices Act (“FDCPA”) regulates what debt collection agencies may and may not do. There are many things collection agencies cannot do or say when contacting you. Collection agencies may not:
If any of these things occur, your best option is to consult with a consumer protection attorney.
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Velocity Portfolio Group is huge. They just took on a new financial partner and strategic advisor for their future purchases of charged off debt. If you pay off Velocity Portfolio Group for a $3,000 debt, they probably only bought the debt for $150. That’s a $2,850 profit for Velocity Portfolio Group. Multiply that by each account they have purchased and collected on. Velocity Portfolio Group makes millions each year collecting on debt it purchases for pennies on the dollar.
I knew a little bit about Velocity Portfolio Group before, because they are a penny stock, and a penny stock that does not perform well. Then I got a call from Velocity Portfolio Group looking for someone else. I told Velocity Portfolio Group they had the wrong person, but they keep calling. You won’t make any money on their stock, and their employees won’t stop harassing me. Useless company.
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