Is Cavalry Portfolio Services on Your Credit Report?
If Cavalry Portfolio Services is reporting accounts on your credit report, it can be doing significant damage to your credit. Collection accounts from agencies such as Cavalry remain on your credit report for seven years. However, if you do find a negative item from Cavalry, you may be able to get it removed by disputing the account with the credit bureaus. All entries on your credit report must be verifiable.
If Cavalry Portfolio Services can’t provide any original paperwork proving the debt is yours, you very well may have a solid case in getting the item removed. Find out everything you need to know about this aggressive collection agency, and how to successfully deal with any debt and credit issues related to them.
Who is Cavalry Portfolio Services?
Cavalry Portfolio Services LLC is a collection agency located in Oklahoma and one of the largest buyers of distressed debt in the United States. They buy collection accounts for pennies on the dollar. Keep reading to find out more information on what people are saying about Cavalry Portfolio Services and how to handle them. It’s also important to know what kind of debt you have and how old they are. Some of the debts that Cavalry tries to collect are actually past the statute of limitations for collections. That means that you don’t legally have to pay the debt. While they can legally still try to collect on it, you can send them a cease and desist letter to get them to stop. If this sounds like it might be applicable to your situation, check out your state’s exact laws on statutes of limitations and how they affect debt collections.
Have you been contacted by Cavalry Portfolio Services claiming that you owe them money?
Cavalry Portfolio Services is a debt collection company, which means they purchase charge offs and debt from credit card companies, payday loan companies, car title loan companies, auto finance companies, utility companies, and telecommunication companies. If you’ve had significantly outstanding debt from any of these types of creditors, they may have sold off your account to a collection agency like Cavalry. Once Cavalry owns your debt, they’ll likely start calling you and sending you aggressive collections letters. They may even threaten to sue you, which can lead to serious legal proceedings. However, while they may have the right to attempt to collect on a debt, it’s important that you know your rights under the Fair Debt Collection Practices Act and your state’s statute of limitations.
The FDCPA provides for a number of consumer rights and you can report any agency, including Cavalry, that doesn’t abide by the law. They may not harass or abuse you, provide and false or misleading representation, or use unfair practices. That means they can’t call you outside of certain hours or act like they’re going to sue you when they really have no intention of doing so. Familiarize yourself with the law so that you can recognize when you’re being taken advantage of. Collection agencies like Cavalry are counting on your ignorance so they can get away with more. Don’t let them!
How to Deal with Cavalry Portfolio Services
There are a number of ways to deal with Cavalry. If you have a reason to believe that the debt is expired and you are being contacted about an old account, send them an Expired SOL Notification letter. This lets them know that they are dealing with an informed consumer and that threatening to sue you for the money owed won’t work. It may help ease them off your back for a while.
If the debt has not expired and you believe that you do indeed owe Cavalry money, you should first ask for debt validation. You can do so by sending them a debt validation letter. In the event they refuse to validate the debt, you have to seek legal recourse through the State Attorney General. If you have sent a debt validation letter and they continue to contact you about the debt before they respond to the verification request, it is a clear sign they are violating the law. They likely aren’t going to listen unless you bring government authorities into the mix. In addition to your state’s attorney general, you can also report them to the FTC.
How to Dispute Cavalry Portfolio Services
Disputing negative items on your credit reports is not a process that is unique to items from Cavalry Portfolio Services collection agency. However, we have found that many collection agencies have issues with keeping paperwork in order, which can lead to reporting incorrect items to your credit report. It can also lead to trouble for them when they are asked to verify the items they have reported to the credit bureaus, which is good for you. If Cavalry cannot verify the item within 30 days after you dispute it with the credit bureaus, then it must be removed.
When Cavalry buys debt from other collection agencies or the original creditor, there isn’t always a perfect record of all the accurate details about the debt. Clerical errors or an improperly merged database can lead to credit reporting errors to the credit bureaus. When it comes to keeping your credit report timely and accurate, you are your own best (and sometimes only) advocate. So no matter what, check your credit report to see how the information is listed. If anything looks inaccurate, file a dispute directly with each credit bureau. It’s important that you keep your credit as positive as possible so you can improve your score and access the best possible interest rates in the future. It’s also worth noting the importance of your own record keeping. Keep track of letters and conversations you have with Cavalry to defend yourself if needed.
Cavalry Portfolio Services Contact Information
You can write to them at:
9522 E 47th Place
Tulsa, OK 74145
What is Cavalry Portfolio Services’s phone number?
You can call Cavalry at 1-800-501-0909. However, we strongly recommend not talking to debt collectors over the phone. If you must communicate with them, it’s best to contact them by mail. Keep a record of all of your contact with them so you can track what they’ve said about your account. It also helps prevent you from getting angry or emotional on the phone, or getting pressured into agreeing to some type of settlement that isn’t actually in your best interest. For the best results in repairing your credit by yourself, stick to mailed letters so you have a comprehensive paper trail.
How can I get Cavalry Portfolio Services removed from my credit report?
If you’re tired of dealing with collection agencies like Cavalry Portfolio Services and their constant harassment, do what I did and give Lexington Law a call. Lexington Law can help you with your credit report disputes and make sure that they are done effectively, giving you the best chance at having it removed from your credit report. You don’t have to deal with aggressive collection agencies like Cavalry on your own. Take advantage of professionals like Lexington Law for a successful dispute process.