Who Does Cavalry Portfolio Services Collect For?
Cavalry Portfolio Services is a debt collection agency that works for a wide range of clients. They don't publicly list every single client, as that would be a massive and constantly changing list. However, we can shed light on the types of businesses and institutions they typically represent. Understanding their client base helps consumers understand the nature of the debts they might be pursuing.
Cavalry Portfolio Services' Client Base Generally Includes:
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Banks and Credit Unions: Many financial institutions outsource their debt collection to agencies like Cavalry. This often involves credit card debt, personal loans, and mortgages that have gone into default. This is a significant portion of their business.
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Healthcare Providers: Medical bills are a major source of debt in the United States. Cavalry, like many collection agencies, represents hospitals, clinics, and other healthcare providers in collecting outstanding balances.
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Telecommunication Companies: Unpaid phone bills, internet services, and other telecommunication charges are another common type of debt Cavalry might pursue on behalf of its clients.
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Retailers and Merchants: While less prevalent than other sectors, Cavalry might also collect debts for large retailers or merchants whose customers have failed to pay for goods or services purchased on credit.
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Other Debt Buyers: A significant portion of Cavalry's work could involve purchasing portfolios of debt from other companies. This means they're collecting on debts that were originally owed to another entity but were later sold to Cavalry for collection.
What Kind of Debts Does Cavalry Collect?
Understanding the types of debt Cavalry collects is crucial:
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Charged-off Credit Card Debt: This is debt that the original creditor has written off as unlikely to be repaid.
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Medical Debt: Unpaid hospital bills, doctor visits, and other healthcare expenses.
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Student Loan Debt: While less common for Cavalry directly, they might handle collections for private student loans that have been sold to a debt buyer. Federal student loans generally have their own collection processes.
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Personal Loans: Unpaid personal loans from banks or other lending institutions.
Do They Collect for Specific Companies?
Cavalry doesn't publicize an exhaustive list of their clients. Therefore, determining whether they represent a specific company requires contacting them directly or investigating the original creditor listed on any correspondence you receive.
How Can I Verify a Debt from Cavalry?
If you receive a debt collection notice from Cavalry Portfolio Services, take the following steps to verify the debt:
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Review the Debt Validation Notice: Request validation of the debt. The Fair Debt Collection Practices Act (FDCPA) mandates that collection agencies provide detailed information about the debt upon request.
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Check Your Credit Report: Compare the information provided by Cavalry with your credit report to ensure accuracy.
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Contact the Original Creditor (if known): If possible, contact the original creditor to verify the debt and payment history.
By understanding who Cavalry Portfolio Services collects for and the types of debts they handle, consumers can better navigate the debt collection process and protect their rights. Remember to always approach debt collection notices responsibly and understand your rights under the FDCPA.
