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 such as Cavalry remain on your credit report for 7 years. If you find them on your credit report, you can have them removed by disputing the account with the credit bureaus. They can not prove that the debt is yours because have never signed a contract with them as they are just a collection agency.
Have you been contacted by Cavalry Portfolio Services claiming that you owe them money?
Are they threatening a lawsuit? Cavalry Portfolio Services is a debt collection company. 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 they are calling you or writing you threatening to sue you, you should take the matter seriously, however, it’s important that you know your rights under the FDCRA and your state’s statute of limitation laws before you agree to pay them anything.
Who is Cavalry Portfolio Services?
Cavalry Portfolio Services LLC is one of the largest buyers of distressed debt in the United States; a collection agency located in Oklahoma. They buy collection accounts for pennies on the dollar. We have done a little research to give you more information on what people are saying about Cavalry Portfolio Services.
It’s important to know that some of the debts they try to collect on are past the statute of limitations for collections. That means that you don’t legally have to pay the debt. They can legally still try to collect on it unless you send them a cease and desist letter.
How to deal with Cavalry Portfolio Services?
If you have a reason to believe that the debt is expired and you are contacted by the collection agency about an old account, send them an Expired SOL Notification letter. This will let them know that they are dealing with an informed consumer and that threatening to sue you for the money owed won’t work.
If the debt has not expired and you believe that you do indeed owe them money, you should first ask for debt validation. You can do so by sending them a debt validation letter.
If 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 and aren’t going to listen unless you bring government authorities into the mix.
How to dispute Cavalry Portfolio Services
Disputing negative items on your credit reports is not unique to 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 when they are asked to verify the items they are reporting on your credit report, which is good for you. If they can not verify the item within 30 days after you dispute it with the credit bureaus, then they must remove it.
When they buy debt from other collection agencies or from an 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.
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 them 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.
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.