Anyone deal with Cavalry Portfolio Services???

I'm dealing with them right now. I had an Orchard Bank credit card charged-off... the credit limit was only $300 and now my balance has ballooned to over $1800! (My fault, I know...)

They settled with me for $1500. I am making a payment for the first $500 this week and then paying $150 a month until the rest is paid off.

I spoke with a woman by the name of Mrs.Reis, her number is 888-481-4264 (direct line). Now I'm in no way support debt collectors, but I've dealt with my fair share of them and she has been the nicest and most helpful so far. She's really been trying to work with me to come up with a solution that works for both of us.

Hope this helps!

Quote:

anyone else?

Why would you settle with them anyway? They usually don't have the correct information to collect on the debt. They either don't have any documented proof or they have tried to manufacture it and their case is full of holes! Remember too - you didn't have a contract with these people, but rather the original creditor who has sold your debt for pennies on the dollar. They have insurance for default accounts, get tax breaks when they charge off/write them off and then also sell your bad debt - so, they get their money, one way or another.

You say alleged debt? Have you sent a debt validation letter? I would say that's your first step. No validation, no money.

Yes, I send a dv letter, but no response. I want to settle to get it off my credit report, but the main reason is that I do not want to be sued. It's a fairly large debt.

bump,