Consumer complaint received 2025-07-14 00:00:00
Product: Debt collection — I do not know
Issue: Written notification about debt — Didn't receive enough information to verify debt
Company: Velocity Portfolio Group
State: TX

Complaint narrative:
Velocity Investments , LLC Subject : FORMAL DEBT VALIDATION DEMAND URGENT LEGAL NOTICE UNDER FDCPA, XXXX, FCRA, AND XXXX XXXX. XXXX To Whom It XXXX Concern : This correspondence serves as a formal and immediate demand for full validation of the alleged debt you claim is owed by me and that you have either reported to consumer reporting agencies or are attempting to collect. I am invoking my rights under : Fair Debt Collection Practices Act ( FDCPA ), XXXX XXXX. XXXX, Uniform Commercial Code ( UCC ) XXXX, Fair Credit Reporting Act ( FCRA ), XXXX U.S.C. XXXX et seq., and XXXX XXXX. XXXX, concerning extortionate credit practices. 

YOU ARE HEREBY LEGALLY REQUIRED TO PROVIDE THE FOLLOWING WITHIN XXXX CALENDAR DAYS : Full and complete accounting of the alleged debt, including a breakdown of the original amount, interest, fees, and payments applied. 

A copy of the original contract or agreement bearing my signature, establishing my legal obligation to this debt. 

A complete and documented chain of assignment demonstrating legal ownership from the original creditor to Velocity Investments , LLC, including : Names and dates of each transfer ; Notarized or otherwise authenticated evidence of each transaction ; XXXX that the debt was legally assigned in compliance with all state and federal laws. 

Proof that you are legally authorized and licensed to collect debt in my state of residence. 

Identification of the original creditor and original account number. 

A sworn affidavit, signed under penalty of perjury, affirming the validity, accuracy, and completeness of the alleged debt and your right to collect. 

LEGAL OBLIGATIONS AND CONSEQUENCES OF NON-COMPLIANCE : Under XXXX U.S.C. XXXX ( b ), you are prohibited from pursuing any further collection effortsincluding reporting to credit bureausuntil you have fully validated the debt. 

Under XXXX XXXX, I am entitled to a detailed accounting of the obligation if you claim a secured interest or assignment. 

Under FCRA XXXX ( b ), you must investigate and correct inaccurate or unverifiable data furnished to credit bureaus. 

Under XXXX XXXX. XXXX, continued attempts to coerce payment of a debt that is not lawfully validated XXXX constitute extortionate credit practices, which is a criminal violation. 

Failure to comply with these legal obligations within XXXX  days will be interpreted as an admission that you can not verify the debt and therefore must immediately remove all references to this account from XXXX XXXX XXXX and any other consumer reporting agency to which you report. 

RELEVANT LITIGATION INVOLVING VELOCITY INVESTMENTS , LLC : XXXX XXXX has a documented history of litigation and regulatory concern, including but not limited to : XXXX XXXX Velocity Investments , LLC, XXXX XXXX XXXX. XXXX XXXX ( S.D. XXXX. XXXX ) : A consumer brought suit against Velocity for violating the FDCPA by filing suit in the wrong judicial district, ultimately leading to significant discussion around venue abuse by debt buyers. 

XXXX v. Velocity Investments , LLC, XXXX. XXXX ( XXXX Md. XXXX ) : Alleged improper debt collection and failure to validate debt in violation of the FDCPA. 

Velocity has also been the subject of multiple consumer complaints filed with the Consumer Financial Protection Bureau ( CFPB ) for deceptive collection practices, refusal to provide validation, and credit reporting abuses. 

This pattern raises serious concerns regarding your compliance with federal and state law. Any continued attempt to collect or report this debt without full validation will be construed as willful non-compliance. 

FINAL DEMAND : You have XXXX calendar days from receipt of this letter to : Provide the full legal validation requested above ; or Cease all collection efforts and delete the alleged account from my credit reports. 

If you fail to comply, I will pursue the following remedies without further notice : File formal complaints with the CFPB, FTC, and State Attorney General ; Seek relief through civil litigation in state or federal court for all applicable damages, fees, and penalties under the FDCPA, FCRA, XXXX, and XXXX XXXX. XXXX.

Company response to consumer: Closed with explanation