ComplaintsforVelocity Financial, LLC
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Complaint Details
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Initial Complaint
09/05/2024
- Complaint Type:
- Billing Issues
- Status:
- Unanswered
I am writing to dispute the debt you acquired from Upstart and to inform you of potential consumer rights violations. Under the Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. 1692(g), I have the right to request validation of the debt, including an itemized breakdown and relevant contracts. To date, I have not received proper validation from either Upstart or Velocity Financial. I request immediate validation of this debt before further action is taken. Additionally, the Fair Credit Reporting Act (FCRA), 15 U.S.C. 1681 requires accurate reporting of account information. My last payment to Upstart was on 01/22/2022, and due to health-related financial difficulties, I was unable to make payments between February and April. However, the timeline and amount of debt have been misreported, potentially causing unfair damage to my credit. Furthermore, I believe that your attempts to collect this debt without proper validation and communication may violate state and federal debt collection laws, including ******** Code 8.01-247.1 regarding the statute of limitations for written contracts. Pursuing legal action without validating the debt could be considered a violation of 15 U.S.C. 1692d under the FDCPA.I request that all collection efforts, including legal actions, cease immediately under 5 U.S.C. 1692c until this matter is resolved through arbitration. I did not consent to the sale of this debt, and I am exercising my right to request arbitration. Failure to address this matter properly will leave me no choice but to pursue legal remedies, including filing complaints with the **Consumer Financial ***************** (CFPB)** and other regulatory authorities. I expect a prompt response with the requested documentation and confirmation of compliance with federal and state laws.
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Customer Complaints Summary
1 total complaints in the last 3 years.
1 complaints closed in the last 12 months.