Consumer complaint received 2023-07-03
Company: CAVALRY INVESTMENTS, LLC
State: TX
Product: Payday loan, title loan, or personal loan
Sub-product: Payday loan
Issue: Incorrect information on your report
Sub-issue: Account information incorrect

Complaint:
FCRA 611 ( 15 U.S.C. 1681I ) 5 Treatment of inaccurate or unverifiable information ( A ) If after reinvestigation under paragraph 1 of any information that is disputed by consumer, an item of the information is found to be inaccurate or incomplete or can not be verified, the consumer reporting agency shall ( i ) promply delete that item of information from the file of the consumer, or modify that item of information as appropriate, based on the results of the re-investigation. ( ii ) promply notify the furnisher of information that the information has been modified or deleted from the file of the consumer. This debt with Cavalary Portfolio collections hasn't been verified as a legitimate account. The company has not be able to provide the original contract between myself and the lender. Nor have they been able to provide a written statment from the creditor, identifying the collection agency as the legal owner or collector of the account. I've asked multiple times of them to provide validation. The best they have been able to do is send a written statement in the mail along with an outdated bill from the original creditor. This doesn't consistute debt ownership of the collection agency nor legality. Could I pick up a bill from the curb that was found and contact that individual claiming to have legal right to collect? 
This is a summary of what I wrote to the credit bureaus. 
I XXXX XXXX am writing this letter to dispute the Cavalry Portfolio companies debt claim. The Original creditor was XXXX XXXX XXXX The account ending in XXXX was filed as a part of a XXXX XXXX bankruptcy as of XX/XX/XXXX. During that time, the amount XXXXXXXX XXXX was claiming repayment for was XXXX dollars according to the XXXX file. All late fees and interest stopped when the account became apart of the bankruptcy. The amount of XXXX that Cavalry Portfolio claims I owe is soley based on an old bill. I disputed this back XXXX XXXX XXXX and during that time, Cavalry responded by letter that they denied any inaccuracies with the debt.I since re-disputed the debt oXXXX XXXX  I don't see where they've updated my credit report that the account is in dispute. Again, the amount listed on the credit report is inaccurate and I've included a copy of the XXXX file as proof of it's inaccuracy. In addition, the statute of limitation for a collection company to legally sue on a debt in Texas is four years. It's passed the time frame with the debt being filed in Bankruptcy court on XX/XX/XXXXXXXX With that being said, as a consumer I have a legal right to 100 % accurate reporting through credit bureau 's. I demand that this item be removed from my report or I may need to escalate this account to the Fair Credit Reporting Agency. Thank you for your attention in this matter. Regards, XXXX XXXX XXXX XXXX XXXX Notice of filing search criteria XXXX cag XXXX official form XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX XXXX NC XXXX acct ending XXXX total claim XXXX tracking number for XXXX XXXX letter XXXX tracking number for XXXX letter XXXX

Company response to consumer: Closed with explanation