Sued by Velocity Investments in Florida?
If Velocity Investments just sued you, then you may be doing as much research as you can to determine who Velocity is, are they legit and do I need to worry about this lawsuit. Velocity investments is debt buyer based out of New Jersey whose business model is to purchase charged off debt for pennies on the dollar and then attempt to collect that debt from debtors. The most important thing to know about a lawsuit filed by Velocity Investments, is that you SHOULD NOT IGNORE IT.
What to Do if You Were Served a Summons from Velocity Investments
To be served with a lawsuit a process server will come to your home or your office and hand you legal paperwork. If you were served with a lawsuit from Velocity Investments it means that you have been SUED and it is very important that you do not ignore the lawsuit against you. Depending on the size of the debt your summons will either have a one of the following:
Pre-Trial Conference – For any debts owed up to $8,000 your summons may include a pre-trial conference date and time as well zoom login information. If you do not hire a lawyer then you MUST APPEAR at the pre-trial conference where a judge will send you and the attorney from Velocity Investments to mediation to determine if a settlement can be reached. If no agreement can be reached, then the judge will set your case for trial. If you fail to appear at the pre-trial conference a default will be entered against you.
Response – For debts $8,001 and greater your lawsuit will require you or your attorney file a responsive pleading within 20 (twenty) days from the date you were served. Failure to file a responsive pleadings could lead to a default judgment being entered against you.
What Defenses could a Debtor have to a Lawsuit by Velocity Investments
Velocity Investments buys their debts in bulk and typically when you buy in bulk the documentation associated with the debt can get lost. The most common defense to a Velocity Investments defense is referred to as standing which basically means that they can’t prove that they actually own the debt they are suing on. Each case is different and depending on the debt that Velocity is suing on, will determine what defenses are available for each defendant.
Isn’t it expensive to Hire an Attorney to Defend a Velocity Investments Lawsuit?
Due to the volume of debt defense cases we handle, we offer a simple flat-fee to represent debtors in a junk debt lawsuit. Flat fee means that we charge you a single price, no matter how many hours or how many hearings we attend on your behalf. Feel free to contact us at any time to schedule a free consultation either over the phone or in person, we have the ability to represent individuals being sued in any courthouse throughout the state of Florida.