I just got out of a debt collection trial in Alabama, and I thought I’d take a minute to remind you how important it is to know the difference between owing the debt collector, and the debt collector owning the debt.

In this case, the debt collection lawyer told us that they were suing our client because they owed the debt collector money.

Heading to a Summary Judgment Hearing Filed By Debt Buyer “Investment Retrievers Inc”

We figured that today would be a good time to talk about a summary judgment, as I was heading to a hearing on this type of judgment.

“How easy is it to beat Velocity Investments LLC in Alabama?”

Velocity Investmenst LLC is a debt buyer/debt collector out of New Jersey.  They claim to buy debt and then they sue in Alabama on about 10% of the debts they collect.  The other 90% are collected without a lawsuit.

The complaint is the document that starts the lawsuit, and it states who is suing you, what county they’re suing you in, and how much they’re suing you for.

Without the complaint, there is no lawsuit.  So the complaint starts the collection lawsuit.

“What should I do if a collection lawyer is sending me collection notices at work on an old car loan?”

This is a great question.

“Doesn’t Velocity have to tell me that it’s too late to sue me in Alabama?”

This is a great question.

“Global Collection Agency is trying to collect a Velocity Investments, LLC debt that was last paid on in 2007. Can they do this?”

Ultimately, this boils down to a statute of limitation issue, and the FDCPA, or Fair Debt Collection Practices Act.

“A debt collector is calling me and asking about my neighbor. Is that legal?”

This is a situation that happens more times than we’d like to think it does.