Cavalry portfolio services llc

Date: Sat, 07/24/2010 - 16:41

Submitted by anonymous
on Sat, 07/24/2010 - 16:41

Posts: 202330 Credits: [Donate]

Total Replies: 2

I keep getting letters from this bunch for months and it is offers to pay 50% or 40% depending on what plan you chose. They show an original creditor and account numbers and a balance. It does say the part about it is an attempt to collect a debt blah blah. But I don't see the part where I have 30 days to dispute the debt. I don't ever remember getting any other kind of letter just these instant discount things. Is this legal and should I save them to show the judge if this goes to court? I'm afraid to send them a dv letter as it doesn't say anything about the 30 days. Something strange too, on the back it has notice of important rights. We are required to notify consumers of the following rights. This list does not include a complete list of rights consumers have under state and federal laws. Then it has a few states listed like In California blah blah, In Colorado blah blah, but they don't have many states listed including mine.

This doesn't read too clear so I thought I'd repost it. Their a

This doesn't read too clear so I thought I'd repost it. Their actual letter says "Notice of Important Rights. We are required to notify consumers of the following rights. This list does not include a complete list of rights consumers have under state and federal laws."

lrhall41

Submitted by on Sat, 07/24/2010 - 16:45

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Debt Validation Letter

Under the law, the letter from the debt collector/collection agency should clearly state that the debtor has 30 days time to validate/dispute the debt within which time the CA can continue collection processes. So, Cavalry has already broken the law.

It's within your rights to send them a debt validation letter so, don't be afraid. Send them the letter in a certified mail return request. Let them validate the debt. If they cannot validate the debt within 30 days after receiving the letter, then you can dispute the debt with the credit bureaus. You can also file a case against them with the Better Business Bureau and the Federal Trade Commission.

I think it would be better if you can tell us how old your debt is and where you reside.

lrhall41

Submitted by paulcahill80 on Sun, 07/25/2010 - 20:54

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