Cavalry Portfolio Services is a debt collection agency that works for a wide range of clients, primarily focusing on collecting on behalf of large financial institutions and corporations. They don't collect for individuals or small businesses; instead, their clientele typically includes organizations with substantial portfolios of delinquent debts.
While Cavalry Portfolio Services doesn't publicly list every single client, we can infer their client base through several factors:
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Type of Debt Collected: Cavalry primarily handles consumer debt, including credit card debt, medical bills, and personal loans. The sheer volume of these debts necessitates a large-scale client, suggesting major financial institutions and large healthcare providers.
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Industry Connections: Their business model implies strong ties within the financial services industry. This would naturally lead them to partner with banks, credit unions, and other lenders who need assistance in debt recovery.
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Scale of Operations: The size and scope of Cavalry's operations point towards them servicing organizations with significant debt recovery needs. A small business wouldn't typically engage a firm of this magnitude.
What Kinds of Debt Does Cavalry Portfolio Services Collect?
Cavalry Portfolio Services primarily focuses on collecting the following types of consumer debt:
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Credit Card Debt: This is a significant portion of their collection activities, stemming from unpaid credit card balances.
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Medical Debt: They often handle collections for unpaid medical bills, working on behalf of hospitals, healthcare systems, and billing companies.
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Personal Loans: Unpaid personal loans are another significant area of focus for their collection efforts.
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Retail Debt: In some instances, Cavalry may pursue the collection of debts stemming from unpaid purchases made at retail stores.
How Does Cavalry Portfolio Services Operate?
Cavalry Portfolio Services employs various methods to collect debt, typically starting with written communication. They may contact debtors via mail, email, and phone. The specific strategies they use are governed by laws and regulations, including the Fair Debt Collection Practices Act (FDCPA). It's important to note that if you receive a communication from Cavalry, you have rights under the FDCPA, which dictates how they can interact with you.
Does Cavalry Portfolio Services Collect for Specific Companies?
It's difficult to definitively name all the companies that Cavalry Portfolio Services works for as this information isn't publicly disclosed. Their client list is confidential and generally protected by business agreements.
What Should I Do if Cavalry Portfolio Services Contacts Me?
If Cavalry Portfolio Services contacts you regarding a debt, it's crucial to:
- Verify the debt: Ask for validation of the debt, including the amount owed, the creditor, and proof of the debt.
- Review your rights under the FDCPA: Familiarize yourself with your rights under the Fair Debt Collection Practices Act.
- Communicate with them professionally: Respond to their communications in a timely and professional manner.
- Negotiate if possible: If you can't afford to pay the full amount, try to negotiate a payment plan.
- Seek legal advice if necessary: If you believe their actions are unlawful or if you're unsure how to proceed, consult with a consumer rights attorney or a credit counseling agency.
By understanding how Cavalry Portfolio Services operates and knowing your rights, you can effectively manage any potential interaction with this debt collection agency. Remember, always verify the debt and act within the bounds of the law.
