Velocity Portfolio (VPGI)

Velocity Portfolio Group, Inc. is focused on providing outsourced legal collection solutions for credit grantors, debt buyers, hospitals, utility companies and other owners and originators of consumer receivables. Velocity's services include legal outsource solutions, suit scoring, pre-litigation collections, attorney network collections and bankruptcy recovery programs. It employs a sophisticated decision model to help determine which accounts are ready for legal action, based on balance, jurisdiction, economic data and trends, demographic information, experience ratings and other items for all 50 states and often subdivisions. Velocity offers creditors and debt buyers an opportunity to partner with a servicer that is capable managing accounts receivable from both a pre-legal collection and litigation perspective. Depending on the characteristics of the account, Velocity may use pre-litigation collection services to reduce court costs, increase net back, and identify cases where litigation is impractical.