PR - Velocity Investments Increases Senior Credit Facility and Extends Maturity

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PR - Velocity Investments Increases Senior Credit Facility and Extends Maturity
Wall, N.J.-based Velocity Asset Management, Inc. (AMEX: JVI and JVI-P) ("Velocity"), which purchases delinquent consumer receivables and uses an outsourced litigation model to collect them, today announced that its Velocity Investments (VI) subsidiary has been granted an increase on its senior credit facility with Wells Fargo Foothill, Inc. from $17.5 million to $22.5 million, and it ha
 
Topic: Debt Purchasing