Do you owe money to Blue Hippo for computers that you may or may not have received? There is a good chance that you may not have to pay anything on those debts.
Residents in West Virginia have already been given a reprieve thanks to action by the state’s attorney general. Darrell McGraw obtained a judgment against Blue Hippo Capital, LLC and Blue Hippo Funding, LLC. The result is all West Virginia contracts have been invalidated. They are void, and any debts still owed Blue Hippo by West Virginia residents are cancelled.
It does not matter if your debt is owed to Blue Hippo or if another debt collector has purchased the account. You no longer have any obligation to pay it as long as you are a West Virginia resident.
Other States May Get Similar Relief from Blue Hippo
Blue Hippo and approximately 50 related companies have filed for bankruptcy. The bankruptcy judge did not rule on whether the individual consumer contracts were valid.
This means that some debt collectors will likely pursue repayment of the debt. However, it is strongly encouraged that you fight these efforts if you are unable to pay or did not receive the promised merchandise.
You can contact the attorney general in your state to file a formal complaint against any debt collector that you feel is treating you unfairly. If they violate any of your rights by making threats, using illegal intimidation or harassment, or any other prohibited collections tactic, then you may even consider suing the debt collector for damages.
About Blue Hippo
Blue Hippo heavily marketed a computer layaway program which provided consumers with poor credit ratings a means for obtaining their own computer. Customers paid more than triple the cost of the computer by making weekly payments.
Many customers never received the computers that were promised to them. Those that did received substandard computers that performed poorly.
Despite breaking numerous consumer protection laws, Blue Hippo earned millions of dollars on the gimmick from 2003 until 2009. The company is now defunct.
Long is a graduate of the University of North Carolina at Chapel Hill with a B.A. in Industrial Relations. He subsequently received his Certificate in Nonprofit Management from Duke University. His Certificate in Financial Planning was issued by Florida State University.
Long has achieved the Accredited Credit Counselor and Accredited Financial Counselor certifications through the Association for Financial Counseling, Planning and Education. Long originally achieved the Certified Credit Counselor designation through the National Institute for Financial Education.
In addition to years of nonprofit leadership, Long has been an innovator in the field of volunteer tax return preparation programs. He assists volunteer associations and nonprofit organizations who seek to integrate credit counseling and asset-building programs with free personal income tax preparation. His approach to using free credit reports as both an incentive and a screening tool for placement into asset-building programs has been shared with members of the National Community Tax Coalition, the EITC-Carolinas Initiative of MDC, Inc. and nonprofit groups across the Carolinas.
Long assists members of our armed forces in the Carolinas, Iowa, Rhode Island, Georgia and Germany with financial readiness. Please support our Soldiers, Marines, Airmen and Sailors!
Favorite quote:
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
Thomas Jefferson
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