Consumer complaint received 2025-07-14 00:00:00
Product: Debt collection — Credit card debt
Issue: False statements or representation — Attempted to collect wrong amount
Company: CAVALRY INVESTMENTS, LLC
State: NJ

Complaint narrative:
COMPLAINT TO CFPB AND FTC : Complaint by : XXXX XXXX Complaint against : dept collector/furnisher, CAVALRY XXXX I, XXXX, CT WHAT IS THIS COMPLAINT ABOUT : CAVALRY, a dept collector /furnisher, had wrongfully reported my credit card history to the Credit Reporting Agencies without investigating the facts and ignoring the written evidence that I had provided in my dispute in defense of a lawsuit filed by Cavalry. It must be noted that Cavalry had filed this credit reported a day before filing for Summary Judgment in the Court that was denied by the Judge due to lack of proof in the complaint and Summary Judgement.

Furnishing of a false/incorrect report without verification, credit-check, late-payment, any record or proof of charge-off account was a violation of FTC ( see below ) and other Agencies.

When Cavalry realized its mistake, Cavalry agreed to settle the matter with me in a way that would avoid spending unnecessary time and effort in court proceedings and without financially hurting me either party. But Cavalrys interest was in protecting itself and its client against a lawsuit or FTC violation penalties. Despite my written certified letters, Cavalry never updated the CRAs reports with true facts why the report was filed, why the report was retained in CRAs record for several months and why the report was suddenly removed from CRAs records without any updates of true facts again in violation for FTC Regulations ( stated below ) The issue started when CAVALRY had purchased several closed credit card accounts from a SELLER a credit card bank ( BANK X ) around XX/XX/year> that included an unlawfully charged-off account belonging to me. Calvary sued my information provided by the SELLER in the purchase agreement. It must be noted that this complaint is not against the SELLER because Cavalrys action was based on its own assessment on data provided by the SELLER. 
Referenced Regulation /Acts FCRA Furnisher Rules : FCRA, 15 U.S.C. 1681s-2, and the associated regulations, known as the Furnisher Rule, at 16 C.F.R. 660.

The debt collector Cavalry has violated several Furnisher Rules while
furnishing the information to Credit Reporting Agencies ( CRAs ) specific to FCRA, 15 U.S.C. 1681s-2, and the associated regulations,, at 16 C.F.R. 660.

A furnishers first duty is simple : A furnisher must report accurate consumer information to CRAs. [ 2 ] Although simple on its face, this duty manifests itself in different ways. First, the FCRA expressly prohibits a furnisher from sharing information if the furnisher knows or has reasonable cause to believe that information is inaccurate. [ XXXX ] A furnisher has reasonable cause to believe that the information is inaccurate if it has specific knowledge, other than solely allegations by the consumer, that would give the furnisher substantial doubts about the informations accuracy. [ 4 ] Second, once a consumer notifies a furnisher that specific information is inaccurate, the furnisher can not provide that information to a CRA if the information is, in fact, inaccurate. [ 5 ] Even if its accurate, the furnisher still may not report that information to a CRA unless the furnisher also notifies the CRA that the consumer has disputed the information. [ 6 ] Third, when a furnisher determines that information it previously reported about a consumer is inaccurate or incomplete, it must promptly notify the CRA of that determination. [ 7 ] It must also correct the information or provide additional information to make the information it previously reported accurate and complete and it must refrain from reporting the inaccurate or incomplete information in the future. [ 8 ] Duties of Furnishers After Receiving a Direct Dispute The Furnisher Rule sets forth when a furnisher must investigate a dispute that the consumer made directly to the furnisher. Under 16 C.F.R. 660.4, a furnisher must investigate a direct dispute if it relates to 1 ) the consumers liability for a credit account or debt with the furnisher ; 2 ) the terms of a credit account or debt with the furnisher ; 3 ) the consumers performance or other conduct concerning an account or other relationship with the furnisher ; or 4 ) any other information contained in a consumer report relating to an account or other relationship with the furnisher that bears on the consumers creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living. [ 19 ] Duties of Furnishers After Dispute Sent to CRA Because Congress created the FCRA with the intention of protecting consumers, it also provides guidelines for steps a furnisher must take when a consumer disputes information with a CRA. Once the furnisher learns of the consumers dispute from the CRA, the furnisher must investigate the disputed information ; review the information provided by the CRA ; and report the results of the investigation to the CRA. [ 30 ] Thus, the FCRA contemplates three potential ending points to a dispute : verification of the accuracy of the information ; a determination of the inaccuracy or incompleteness of the information ; or a determination that the information can not be verified. [ 31 ] If it is determined that the disputed information is incomplete or inaccurate, the furnisher must report that determination to all the CRAs it had previously reported the incomplete or inaccurate information to. [ 32 ] Additionally, if the disputed information is determined to be incomplete or inaccurate, or if it can not be verified, the furnisher must promptly modify, delete, or permanently block the reporting of that information. [ 33 ] These actions must all be completed before the end of the 30-day period beginning on the date the consumer notifies the CRA of the dispute. [ 34 ] If the CRA receives information from the consumer during that 30-day period that is relevant and applicable to the dispute, the deadline may be extended by up to 15 days. [ 35 ] No extension is allowed if the information being investigated is found to be inaccurate or incomplete or if the CRA finds that the information can not be verified. [ 36 ]

Company response to consumer: Closed with explanation