Cavalry Portfolio Services, LLC

Missy,

First of all you need to have them validate the debt by sending them a debt validation letter certified mail with return receipt. Calvary Portfolio is known for trying to collect on debts they don't have, debts that have already been paid. DO NOT pay them a dime til they give you the proof that they have the debt.

Thanks Tammy:)...Do you know of a sample of a
debt validation letter as you mentioned?

:)

Here is the link to a sample debt validation letter.

http://www.debtconsolidationcare.com/books/sampleletter.pdf

I received a letter from Cavalry saying I owe a debt. I just printing the validations letter. However, they also sent another document and I am not sure if I should accept of reject it.

This is what it says:

NOTICE OF CHANGE IN TERMS F CONDTIONS

We have informed you that your -------- account was purchased by Cavalry SPVI, LLC, and refered to Cavalry Portfolio Services, LLC (Cavalry) for servicing. The terms of this agreement allow for modifications to the agreement in certain circumstances. The agreement also provides that any dispute between the parties must be submitted to binding arbitration rather than a court of law. We propose to delete that provision, which will have the effect of permitting us or you to have all claims, counterclaims, and defences heard in a court of law rather than by an arbitrator.

If you reject the change, the mandatory arbitration provision of the agreement will remain in effect. If you have not rejected this change in terms within 30 days from receipt of this notice, the arbitration provision in the agreement will be deleted at that time.

Rose41

I think this letter is generic but it needs your attention.

My understanding is that if there is a possible dispute later while working with this CA, do you want to take the matter to the court or settle it outside. I am not too sure about it, you can consult with a specialized lawyer.

I have cavarly problems, but I have NEVER recieved anything from them except once when they was going to garnish my wages, it was for a different county but i couldn't take that chance, lol. So I left my job of 5 years and went to do something on my own, Since I have not gotten anything from them at all, and I was making payments to them for almost 2 years before this and they wanted more, so i said hum, and they sent my payment back to me..This is messed up!! I can't stand em