If you’ve spotted Velocity Investments LLC on your credit report, there’s a good chance they’ve bought a debt you once owed. And yes, their presence can hurt your credit score—so it’s important to understand who they are and what your options are.
Who Is Velocity Investments LLC?
Velocity Investments LLC, sometimes called Velocity Portfolio Group, is a debt buyer and collection agency based in Wall, New Jersey. They purchase unpaid debts from original lenders—like credit card companies, banks, or finance firms—at a steep discount, then try to collect the full amount from consumers.
They’re not just collecting for themselves either. In some cases, they collect on behalf of other debt buyers who weren’t successful in getting payment on their own.
Is Velocity Investments LLC a Legitimate Company?
Yes, Velocity Investments LLC is a real debt collection agency. They are legally allowed to collect debts. However, just because they’re legit doesn’t mean the debt they’re trying to collect is valid. Always verify the details before paying anything.
Why Is Velocity Investments on My Credit Report?
If Velocity Investments shows up on your credit report, it likely means they’ve purchased an old debt you didn’t pay. Once they own the debt, they can legally report it to the credit bureaus as a collection account.
Collection accounts can significantly damage your credit and stay on your report for up to seven years—even if you eventually pay them.
How to Remove Velocity Investments From Your Credit Report
You have a few potential strategies:
- Dispute any inaccuracies – If the debt is incorrect or too old to be reported, file a dispute with the credit bureaus.
- Request debt validation – Under the Fair Debt Collection Practices Act (FDCPA), you have the right to ask Velocity to prove the debt is yours and that the amount is correct.
- Negotiate a pay-for-delete – In some cases, you can offer to pay in exchange for the account being removed from your credit report. Get any agreement in writing before sending money.
- Work with a credit repair company – Professionals can help you dispute or negotiate these accounts effectively, especially if you’re overwhelmed.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Should You Contact or Pay Velocity Investments?
Don’t rush into calling or paying right away. First, confirm the debt is legitimate and still within the statute of limitations in your state. Paying on an old debt can restart the clock and extend how long it affects your credit.
If the debt is valid and recent, you may want to negotiate a settlement or payment plan. If it’s not valid—or they can’t prove it—disputing it might be your best bet.
Can Velocity Investments LLC Sue You?
Yes, they can. Velocity Investments is known to file lawsuits against consumers over unpaid debts. If they take you to court and win, they could get a judgment that allows them to garnish your wages or take money from your bank account, depending on your state laws.
That said, lawsuits are expensive. Most debt collectors would rather settle than go to court, so there’s often room to negotiate before things escalate.
Common Complaints About Velocity Investments LLC
Velocity Investments, like many collection agencies, has had complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints involve:
- Attempting to collect debts that aren’t owed
- Reporting incorrect information to the credit bureaus
- Failing to validate debts
- Harassment or repeated phone calls
If you experience any of these, you can file your own complaint with the CFPB or BBB.
Know Your Rights Under the FDCPA and FCRA
Federal law gives you important protections when dealing with debt collectors:
- You have the right to dispute the debt and request validation.
- Debt collectors must be honest about who they are and what they’re doing.
- They can’t harass you with repeated calls, threats, or abusive language.
- They can’t make false claims—like saying you’ll be arrested.
- They must correct any incorrect info they’ve reported to the credit bureaus.
Knowing your rights is key to dealing with companies like Velocity Investments LLC.
Contact Information for Velocity Investments LLC
- Mailing Address:
Velocity Investments LLC
P.O. Box 788
Wall, NJ 07719 - Physical Address:
1800 Route 34 N, Suite 305
Wall, NJ 07719 - Phone Number:
(800) 558-4027
Need Help Dealing With Velocity Investments?
You don’t have to manage the dispute process alone. Credit Saint has over 15 years of experience helping people remove inaccurate collection accounts—including those from Velocity Investments—and improve their credit. They also offer a 90-day money-back guarantee if you’re not satisfied.
You can reach them at (855) 281-1510 or visit their website to get started.
Brooke Banks is a personal finance writer specializing in credit, debt, and smart money management. She helps readers understand their rights, build better credit, and make confident financial decisions with clear, practical advice.
