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BlueHippo Funding, LLC (Headquarters)
Fax: (410) 594-9610
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Map & Directions
Address for BlueHippo Funding, LLC
7000 Security Blvd 2nd Fl
Windsor Mill, MD 21244-2561
Industry Comparison ChartX
The information in the table below represents an industry comparison of businesses which are of the same relative size. This is based on BBB's database of businesses located in Greater Maryland, serving Western MD to the Eastern Shore. Businesses may engage in more than one type of business. The percent of time the business engages in a type of business is not accounted for. There is no known industry standard for the number of complaints a business can expect. The volume of business and number of transactions may have a bearing on the number of complaints received by BBB.
*BlueHippo Funding, LLC is in this range.
Types of Complaints Handled by BBB
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We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.
Additional Phone Numbers
- (800) 385-7000
BBB Complaint Process
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Industry Tips for Computers - Dealers
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On December 09, 2009, the company filed for bankruptcy under Chapter 7 of the federal Bankruptcy Act, case number 09-14154.
Those with monetary claims against the company are advised to obtain a Proof of Claim form by writing to Delaware Bankruptcy Court CM/ECF, 824 North Market Street 3rd Fl, Wilmington, DE, 19801 for resubmission to that court.
The case number should be entered on the form.
* According to a press release dated June 27, 2012 from the Attorney General's Office in Pennsylvania, Attorney General Linda Kelly announced that a settlement totaling nearly $1.8 million has been reached in the Attorney General's consumer protection lawsuit against the founder and owner of a Maryland-based company, BlueHippo Funding, who is accused of preying on Pennsylvania consumers with poor credit.
The settlement, in the form of a Consent Petition filed in Pennsylvania Commonwealth Court, was reached with Joseph K. Rensin, of Ellicott City, Maryland - the owner, CEO and Chairman of the Board of BlueHippo Funding, of Baltimore, Maryland. BlueHippo, and its subsidiaries, BlueHippo Capital, LLC, of Vienna, Virginia and BlueHippo Capital, LLC, of Las Vegas, Nevada, previously filed for bankruptcy in Delaware Bankruptcy Court.
"BlueHippo allegedly used a national campaign of television and radio ads, telemarketing calls and Internet websites to lure consumers into purchasing computers, flat screen TV's and other electronic equipment.
Pennsylvania consumers who encountered problems with BlueHippo, but have not yet filed formal complaints, are encouraged to contact the Attorney General's Bureau of Consumer Protection as soon as possible.
Kelly said that under the terms of the settlement, Rensin will pay restitution in the amount of $200,000.00. Also, Rensin is permanently prohibited from collecting any accounts receivable from any Pennsylvania consumer derived from debts owed to the defendants and/or entities affiliated with defendants - an amount worth approximately $1,600,000 - and he is barred from reporting any such debts owed by Pennsylvania consumers to credit reporting agencies.
Additionally, Kelly said the settlement bans Rensin from conducting business in Pennsylvania that involves the sale or financing of computers and electronics to consumers and he is permanently prohibited from violating Pennsylvania's consumer protection law and other laws.
"While our Bureau of Consumer Protection has already received complaints from more than 300 consumers regarding BlueHippo, we believe that there are other potential victims who have not yet come forward," Kelly said. "Pennsylvania residents with problems or complaints involving BlueHippo should call our toll-free consumer protection hotline, at 1-800-441-2555, or submit an online consumer complaint."
Kelly encouraged consumers to file formal complaints as soon as possible in order to ensure that they are included in this settlement. Consumers have 90 days from the court approval of this settlement to submit their complaints.
The allegations raised by Pennsylvania consumers about BlueHippo include:
* Failure to deliver products.
* Not delivering rebates or other items when promised.
* Making unauthorized withdrawals from consumers' bank accounts.
* Misrepresenting or not disclosing major terms of their contracts.
* Not informing consumers about delays in shipping their purchases.
* And failing to pay refunds when promised.
Additionally, BlueHippo is accused of conducting telemarketing without properly registering in Pennsylvania; operating as a loan broker without registering with the state Department of Banking; violating the Installment Sales Act and failing to register corporations and fictitious business names with the Pennsylvania Department of State.
The Consent Petition will require approval of the Commonwealth Court.
According to a Press Release dated November 9, 2012 from the Texas Attorney Generals Office: Texas Attorney General announced the resolution of the State's investigation into a now-bankrupt Maryland-based telemarketing business that unlawfully marketed personal computers to low-income purchasers. Under an agreed judgment issued today by a state district court in Travis County, Joseph K. Rensin, the sole shareholder of the former BlueHippo computer sales operations, was ordered to pay $175,000 in restitution for violating the Texas Deceptive Trade Practices Act. Texans who were defrauded by BlueHippo are eligible for reimbursement from the restitution fund established by the State.
The State's investigation also showed that BlueHippo unlawfully refused to honor refund requests and withdrew payments from customers' bank accounts without their permission. Today's court order requires the defendants to pay $175,000 in restitution so that Texans who were defrauded by BlueHippo can seek reimbursement for financial losses they suffered because of the defendants' unlawful conduct."
In addition to ordering restitution, the court issued a permanent injunction prohibiting Rensin or his businesses from attempting to collect approximately $2.3 million in debts that Texans incurred because of their dealings with BlueHippo. The court also barred Rensin and his businesses from reporting Texas customers' nonpayment of the debt to any of the nation's credit reporting agencies.
The Texas Attorney General's Office will administer the restitution fund created under today's court order. Texans who previously purchased products from BlueHippo may be eligible for reimbursement from the restitution fund by submitting the attached claim form within 90 days of today's date. After all restitution applications have been received and the application deadline has elapsed, eligible customers will be allotted a share of the restitution fund on a prorated basis.