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As of May 26, 2021, Velocity Portfolio Group, Inc was acquired by VPGTP, Inc. Velocity Portfolio Group, Inc., through its subsidiaries, invests in consumer receivable portfolios purchased in the secondary market. The company purchases consumer receivable portfolios at a discount and then liquidates these portfolios through legal collection means. It also provides servicing of third party accounts receivables through the legal collection process. The company was formerly known as Velocity Asset Management, Inc. and changed its name to Velocity Portfolio Group, Inc. in November 2008. Velocity Portfolio Group, Inc. was incorporated in 1986 and is headquartered in Wall, New Jersey.
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