Consumer complaint received 2023-06-24
Company: CAVALRY INVESTMENTS, LLC
State: PA
Product: Debt collection
Sub-product: Credit card debt
Issue: Attempts to collect debt not owed
Sub-issue: Debt is not yours

Complaint:
Cavalry portfolio Services LLC put a collections item on my report. Its an item thats been coming up on my report for about nine years now under different collection agencies. After 7 years that item shouldve been removed by now because it doesnt belong to me They failed to validate or verify it when I ask for it to be as required by law Its past the statute of limitationa. More about the item : Its an item that originally was coming up on my report for about {$420.00} when it originally appeared. {$300.00} original price and appeared as about {$420.00} with interests and fees, and that was about 9 years ago. 

b. At that time I did not understand credit well and I had a large purchase to make. I believed having credit puts people in a bad financial state so I did not own any kind of credit. at the time I thought it was financially responsible to only use debit card and not get into debt that can have a monthly 30 % interest rate applied. 

c. I was planning a big purchase so I made sure I did not have any type of credit card. So when it showed up on my report I disputed it. At the time the collections agency that had it refused to remove it and I did not know any legal avenues to take, so I made my purchase regardless. After my big purchase I still had the same belief that credit cards are not financially responsible. And I still never opened a credit card. 

d. I never made any payments on the collection because after my big purchase my bank closed my account with no explanation. And no matter who I called they wouldn't give me back my money. It was never affordable for me to make payments after having all my phones taken away. I spent the next few year rebuilding my financial safety net and getting on my feet again. 

e. The next couple of years has been a lot of struggle financially. But after XXXX I lost my job which left me with a lot of time to research credit. It made me change my mind about credit, I now have some credit cards but they are all secured cards. 

f. Now about 9 years later cavalry portfolio services llc are reporting the collections account as {$820.00}. I think it is past the statute of limitation. But when I told cavalry portfolio services that, they told me somebody made a payment on the debt back in 2019. 

g. I know it wasnt me because I was recovering from a motorcycle accident early in that year. And later after I partially recovered my mom was in XXXX XXXX XXXX. I know it wasnt me that made that payment. I know it wasnt my dad or my mom either. And aside from them, I do not have the type of people in my life that would do that kind of thing for me. Whoever did it is someone I dont know and someone that had malicious intent. 

h. The large purchase I made was a home. And with having my bank account closed right after the purchase, the nest egg I had ripped out from under me unexpectedly I had to rent out to make ends meet. A lot of the people I rented ended up getting access to my personal information. I've been trying to backtrack and figure out who has been responsible for the unexplained financial turmoil I've been going through. I want to know who made that payment. I want to know what the amount the collections agency at the time claimed I owed in 2019 before the payment was made. so I can figure out how much the payment was made for ( for example if the collection amount was {$1000.00} and the 2019 payment was for {$700.00}. It would mean that the balance that remained in 2019 was {$320.00} and that would mean Cavalry portfolio added {$500.00} of interests and fees. I want to make sure your fees and interest are legal to begin with ) I want to know who the payment was made to in 2019. I want to know how that payment was applied in 2019. For example if they applied 100 % of it towards interest and 0 % of it towards principal.Do you know why I want to know these things, because there are still a lot of bad actors in my life that I'm trying to cut out and having that information would help me understand what's going on, it would help me figure out if you falsely saying that a payment was made so that you can continue to illegally reported, or it will legitimize your claims and I can pay you the money that I owe you. 

i. I want to know how they arrived at the amount that was owed because Im confused about how this debt is getting verified. And confused why you did not respond to my verification and validation request with any document within the 30 days. Dead all I got in the mail was a paper that was an affidavit of identity theft. 
I want to know that what steps were taken so I'm sure that the right person is being charged for the debt if it belongs to someone else and not me. And lastly I want to know what was purchased on the credit card and where the purchases were made. 


Resolution : -Delete my social security from your records. 
-I want information about who sold you the account and for how much. 
-I want to know who paid on the account in 2019 and exactly when, how much and how the money was applied to the amount it was before the payment. I also want to know how much went towards fees and how much went towards principal. 
-I want to know if the debt was assigned to you, and who assigned it. The representative I spoke to mentioned it was purchased, if that is the case I want to know who the debt was purchased from. Also include how much it was purchased for and for how much.

Company response to consumer: Closed with non-monetary relief