This Business Is Not BBB Accredited

BlueHippo Funding, LLC

BlueHippo Funding, LLC

BlueHippo Funding, LLC

14 years in business
Headquarters
7000 Security Blvd 2nd Fl
Windsor Mill, MD 21244-2561
Additional Phone Numbers
  • (800) 385-7000
BBB File Opened: 07/10/2003
Business Started: 05/01/2003
Business Incorporated: 04/01/2003 in MD
Type of Entity
Limited Liability Company
Contact Information
  • Principal: Mr. Joseph Rensin, Owner and CEO
  • Andrew F. Campbell, General Counsel
  • Gabriella Nater, Agency Coordinator
Business Category
  • Computers - Dealers
Alternate Business Names
  • Blue Hippo
  • BlueHippo Capital, LLC

NR

Government Action

The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On April 19, 2016, BlueHippo Funding LLC, BlueHippo Capital, LLC and their CEO, Joseph K. Rensin were found to be in contempt of a Stipulated Final Judgement and Order of Permanent Injunction signed in February 2008. According to court documents filed ... Read More

Bankruptcy

On 12/09/2009, 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.

Claims must be submitted by 02/19/2010.

BBB Reason for Ratings

BBB rating is based on 13 factors: Get the details about the factors considered.

Based on BBB files, this business has a BBB Rating of No Rating. The reason is as follows:
* BlueHippo sought bankruptcy reorganization protection in October 2009 when its payment processor's bank unexpectedly blocked its funds, leaving the company unable to pay creditors (see below). BlueHippo petitioned a Delaware bankruptcy court judge to allow the funds to be released to the company, but its request was denied on Dec. 2, 2009 according to court records. The company filed for Chapter 7 bankruptcy liquidation, which usually means that a company ceases operations and sells off its assets to satisfy creditors. Consumers are advised to obtain and file a proof of claim form with the Bankruptcy Court online at www.deb.uscourts.gov or in writing to Bankruptcy Court of DE, 824 North Market Street, 3rd Fl, Wilmington DE 19801, or by calling the main number for the Delaware Bankruptcy Court: 302-252-2900. Use reference number 09-14154 when making your inquiry. The April 2008 settlement between BlueHippo and the Federal Trade Commission (FTC) - see Government Actions section of this report - required BlueHippo to repay $3.5 million to customers and forbade the company from further deceiving customers. According to the FTC's Nov. 12, 2009 Press Release, in which it detailed a contempt motion against the company in federal court, BlueHippo continued to mislead customers. Consumers may also wish to inform the FTC of their experience with BlueHippo. Their contact information follows: Federal Trade Commission Consumer Response Center 600 Pennsylvania Avenue, NW Washington, DC 20580 Web site: www.ftc.gov Phone: Toll-free helpline: 1-877-FTC-HELP (1-877-382-4357);TTY: 1-866-653-4261 On January 25, 2010, BBB mail to the company at their Security Blvd address was returned by the Post Office with a new address: 1628 John F Kennedy Blvd Ste 950, Philadelphia PA 19103-2110, which is the address of the bankruptcy/accounting firm of Miller Coffey Tate LLP.

Licensing information is provided in the BBB Business Profiles to inform the public about industries that may require professional licensing, bonding, or registration. Better Business Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to substantiate their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.
BBB reports on known significant government actions involving the business's marketplace conduct.
BBB reports on a company that is out of business for three years from the date the company closes its doors or ceases to do business.
BBB reports on unauthorized use of the Better Business Bureau's name and/or logo for as long as the business continues to use it in any advertising, or for one year after the business ceases any repeated unauthorized uses.
BBB reports on a business’s bankruptcy as long as the business remains in bankruptcy.
BBB reports when mail sent to the business was returned by the Postal Service.

BlueHippo Funding, LLC

THIS BUSINESS IS NOT BBB ACCREDITED

BlueHippo Funding, LLC

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