Consumer complaint received 2024-03-08 00:00:00
Product: Debt collection — Credit card debt
Issue: Took or threatened to take negative or legal action — Threatened or suggested your credit would be damaged
Company: CAVALRY INVESTMENTS, LLC
State: CO

Complaint narrative:
I received an collection letter and on XX/XX/year> I wrote back regarding a collection : Calvary Portfolio Services, LLC XXXX XXXX XXXX, XXXX XXXX XXXX, CT XXXX Reference : XXXX Hello, I'm inquiring in regards to the account referenced above. I received a bill and would like to get verification and validation of this debt. I would like a copy of the original contract or original purchase agreement that created the alleged debt with all signatures of all parties. Any agreement sent must be with the original creditor and must include the original terms and conditions of the agreement that created the alleged debt including all addendums and riders. 
In addition, please send proof of chain of ownership of the alleged debt and include proof of assignment for each change of ownership. Proof of chain of ownership must be from the original creditor to the current alleged owner without any break in the chain. 
Also include a full accounting history from the original creditor including the date and amount of each payment of the date of the first delinquency leading to the collection and any arbitration done. 
If any interest or fees have accrued or been added on to the balance, please send proof that such fees are lawful and agreed upon in the original purchase agreement. 
Proof that you are legally allowed to collect on alleged debt in the State of Colorado, including your third party Debt Collection Bond. 
Please, also send proof that you sent the legally required notices to me before reporting this alleged debt to any consumer reporting agencies, including copies of the original notice and any letter tracking your agency maintains. 

Then I received a Bill of Sale, listing XXXX XXXX XXXX. as a seller, an agreement of a XXXX XXXX XXXX XXXX, and some statements. Since I did not receive what I had asked I wrote them back on XX/XX/year> the following : Calvary Portfolio Services, LLC XXXX XXXX XXXX, XXXX XXXX XXXX, CT XXXX Reference : XXXX To Whom It May Concern : It looks like an attempt to validate and verify a debt was mailed. Read through the papers mailed but it still does not provide important requests I had asked for on the letter mailed on XX/XX/year>. This information provided does bring me some concerns. 

I had requested a copy of original contract from the creditor showing the signature but I only received a copy of a XXXX XXXX XXXX XXXX Credit Card Agreement not the signed credit card agreement for alleged account # XXXX. 

I received what looks its a Bill of Sale and Assignment, its a bill of sale listing XXXX XXXX XXXX XXXX as a seller. On the Exhibit 1 attached to this Bill of Sale lists a Sale Amount that has been concealed, assuming is the purchase price. Per the agreement mailed with your response to my request I could not find any clause or agreement of a right to sell a charged off account, only listing a right of Assignment. Assignment and selling is not the same. I dont see on the credit card agreement any option to Sell Legal Ownership to a debt collector like Calvary SPV , LLC . Therefore, I would like a copy of the signed document agreeing to this term and please list the code or law that allows a Sale/Purchase/ Sell Legal Ownership as well the Bill of Sale Purchase Agreement since its mentioned on the Bill of Sale . Please note that nowhere in the the Credit Card Agreement or on the statements lists a XXXX XXXX XXXX XXXX The only bank listed as the issuing bank is XXXX XXXX XXXX XXXX which I believe its just a Store Account. 

Lastly, I had also requested proof of the arbitration done on alleged debt, but I didnt receive it. It appears that this is a clause listed on the credit card agreement mailed with your response of the debt. 

Not until my request to validate and verify this debt with the correct documentation the alleged debt will not be subject to resumption of collection efforts. 



So now since XX/XX/year> Calvary Portfolio Services, LLC has reported it to my credit file stating the reference account was disputed and accurate when they have not provided what I requested. I do not have a contract with Calvary Portfolio

Company response to consumer: Closed with explanation