[caption id="attachment_2937" align="alignleft" width="160"] If you have cavalry portfolio services debts on your credit reports you score can be seriously negatively impacted. Luckily, there are steps you can take to reverse the damage.[/caption]
Are You Receiving Unwelcome Attentions from Cavalry Portfolio Services?
One of the worst things Calvary Portfolio Services can do is report your debts to the credit bureaus.
This will result in the placement of charge-offs on your credit report and the depression of your credit score for up to 7 years.
Who is Cavalry Portfolio Services?
This company is a collections agency with offices in Oklahoma. Like almost every collections agency in the business, Cavalry Portfolio Services will pursue your debts extremely aggressively.
They will call constantly, probing for any fear, weakness, or irritation they can exploit. They may try to annoy you into paying with round the clock phone calls or scare you into paying by making groundless threats of legal action.
How to Contact Cavalry Portfolio Services
9522 E 47th Place
Tulsa, OK 74145
Nowadays, good credit is more important than ever.
Cavalry Portfolio Services can mess that up for you REAL quick.
You need good credit in order to get good financing for big purchases like a car or a house, as well as for every day lines of credit like various retail and club credit cards.
You might even need to pass a credit check in order to get a new apartment lease or even a new job.
More and more employers are including credit screenings as part of the job application process, and believe me, they do not want to see a low score and sheet full of collection items and charge offs.
Many individuals who have been presented with crappy and undesirable financial circumstances can and will receive phone calls from debt collectors from collection agencies like Cavalry Portfolio Services.
Cavalry Portfolio Services specializes in credit card accounts, and MBNA is one of their biggest clients.
There are protections in place to ensure that consumers are treated fairly.
The first of these protections is the Fair Debt Collection Practices Act.
This act makes it illegal for debt collectors to use unscrupulous tactics like calling at unreasonable hours, calling just to annoy you, failing to identify themselves, impersonating another person or government agency, or making baseless threats of legal action against you.
Other protections are provided by the Fair Credit Reporting Act. Under this law, debt collectors may not report false, inaccurate, or unverifiable information about you to third parties.
This included the credit bureaus. The debt collector should be able to prove everything they report to the credit bureaus. In practice, this doesn't always happen.
However, using the protections of this law, you can put pressure on the debt collectors and make them prove that you owe the debts they've reported. In other words, the debt collectors don't always follow this law on their own--sometimes you need to call them on it and identify false information yourself.
There is also a rule called the statute of limitations (rule governing how long a debt can be collected upon before expiring) on certain kinds of debt.