cavalry portfolio services

[albacore44]

Got a letter today from these guys stating they have purchased my wifes Fia/B of A card account. That was quick since it just charged off. The balance seems a bit higher too, i'll have to check it against my last B of A statement. seems like the banks are moving these to JDB's quicker, probably due to their need to build cash. anyhoo, it states if you dispute the debt yada yada yada, so i'll ready a DV.

anyone heard of these guys ??

[pcn]

Yep, they bought 2 of my BOA accounts right after they charged off. My letters came with an amazing 20% off settlement offer!! Of course that was off of the already inflated balance+late fees+crazy interest amount. I DV'd and haven't heard a peep in 2 weeks. No return letter that they were verifying the debt like another collector did. We'll see what happens next...

[albacore44]

Yep, they bought 2 of my BOA accounts right after they charged off. My letters came with an amazing 20% off settlement offer!! Of course that was off of the already inflated balance+late fees+crazy interest amount. I DV'd and haven't heard a peep in 2 weeks. No return letter that they were verifying the debt like another collector did. We'll see what happens next...

Good to know and yes I got the 20% discount coupon.......Btw- I just checked my local court records, and they have a pretty long history of sueing regularly.

[pcn]

Uh oh. Guess I better get on the ball for filing. I'll let you know if or when it comes to that...