Consumer complaint received 2015-08-17
Company: CAVALRY INVESTMENTS, LLC
State: GA
Product: Debt collection
Sub-product: Credit card
Issue: False statements or representation
Sub-issue: Attempted to collect wrong amount

Complaint:
Cavalry Portfolio Services is claiming that I owe it monies but it 's never given me any loan or credit. 

After contacting me numerous times claiming to collect on an account that XXXX assigned to it with amounts changing from {$2200.00} to {$2200.00}, {$2200.00}, {$2200.00} and finally {$1800.00}. 

The initial letter stated, " Cavalry SVP I, LLC recently bought your XXXX XXXX XXXX, XXXX account listed above and is now the CREDITOR for your account. Cavalry SVP I, LLC has referred YOUR account to Cavalry Portfolio Services, LLC XXXX " Cavalry '' XXXX for servicing. " And further down at the bottom of the letter it says : Make Checks and Money Orders Payable to Cavalry Portfolio Services, LLC. XXXX letter attached ) Just like that a company I 've never heard of before was asking me to send {$2200.00} without any proof of their ownership of the debt or my indebtedness. 

Naturally, I sent a letter with a confirmation receipt requesting validation of the debt on XXXX XXXX, 2014 under my FDCPA rights and proof that I am contracted to it for the initial amount of {$2200.00} ( letter attached ). 

The Postal office tracking showed Cavalry received my letter on XX/XX/XXXX,2014. However, It did not respond to my request within the required 30 days time frame. 

On XXXX XXXX, 2014 cavalry sent a letter acknowledging receipt of my XXXX XXXX dispute letter. The letter also stated : '' Please be advised that we have already ceased collection efforts for the time being in response to your communication. " XXXX letter attached XXXX This was just an attempt to buy time. Cavalry did n't have anything to back their debt claim but it was reporting me to CRAs as delinquent for an account it allegedly ownedFurthermore it never ceased collection efforts as promised since it was still reporting derogatory remarks on my credit report. If that does not constitute collection efforts as far as a collection agency is concerned, what does? 

In summary, Cavalry made derogatory entries on my credit file without validating the debt. And when I asked for validation it failed to do so using diversionary tactics because it has nothing to back its claims. 

So I did not receive the requested validation until XXXX XXXX, 2014 when a law firm, XXXX XXXX XXXX, contacted me in a letter citing " XXXX XXXX XXXX '' and averring that, " verification of a debt involves NOTHING MORE than the debt collector confirming in writing that the amount being demanded is what the creditor is claiming is owed ... '' So Basically Cavalry never responded to my validation request of XXXX XXXX, 2014 pursuant to my rights under FDCPA and continued to report negative information about me in violation of the FCRA. 

And on XXXX XXXX, 2014 I invoked FCRA Section 623 and requested complete documentation and record within 30 days. 

Again cavalry failed to respond to my request of evidence within the 30 days time frame but sent me a letter, this time through another attorney, XXXX XXXX XXXX, XXXX, claiming that XXXX sold my alleged account to a company called XXXX XXXX which in turn sold the alleged account to Cavalry SPV I , LLC which referred/assigned the said account to Cavalry Portfolio Services for collection. 

So now I have a collection account on my credit file. And the credit reports show Cavalry Portfolio XXXX as the Collection Agency collecting a derogatory account assigned to it by HSBC.This is false and a blatant misrepresentation and imposture. 

In Arizona, Cavalry was fined {$170000.00} because it has made a practice of not responding to consumer requests for proof or evidence of a debt even though it had already reported the debt on the consumer 's credit report. 

This is exactly what I experienced dealing with Cavalry. I feel that Cavalry has no right to make derogatory entries in my credit report. As a outcome of my complaint, I want it to remove all its negative entries from my credit report

Company response to consumer: Closed with explanation