Cavalry Portfolio Services is a debt collection agency that works for a variety of clients, primarily focusing on collecting debts related to consumer credit accounts. They don't publicly list every single client, as this information is generally considered proprietary and confidential. However, we can shed light on the types of entities they collect for.
What Kinds of Debt Does Cavalry Portfolio Services Collect?
Cavalry Portfolio Services' collection efforts generally revolve around outstanding balances on various consumer credit accounts. This includes, but is not limited to:
- Credit Card Debt: This is a significant portion of their collection activities. When consumers fail to make payments on their credit cards, the debt may be sold to a collection agency like Cavalry Portfolio Services.
- Medical Bills: Unpaid medical bills are another common type of debt they pursue. Hospitals, doctors' offices, and other healthcare providers often sell delinquent accounts to collection agencies.
- Retail Accounts: Debt from department stores, online retailers, and other retail establishments can also be handled by Cavalry Portfolio Services. This could include balances on store credit cards or other financing agreements.
- Student Loans: While less common than other debt types, Cavalry Portfolio Services might also handle some delinquent student loan accounts, although this is typically handled by specialized agencies.
- Personal Loans: Unpaid balances from personal loans obtained through banks or lending institutions can find their way into Cavalry Portfolio Services' portfolio.
It's crucial to remember that Cavalry Portfolio Services doesn't originate the debt; they acquire it from the original creditor. This means they are acting on behalf of another company.
Where Does Cavalry Portfolio Services Get Its Debt?
Cavalry Portfolio Services obtains its debt portfolios through purchasing them from original creditors. These creditors might include:
- Banks: Large national and regional banks frequently sell off portfolios of bad debt to collection agencies to minimize their losses.
- Credit Unions: Similar to banks, credit unions may also sell off delinquent accounts.
- Finance Companies: Companies that specialize in lending money often sell off uncollectible accounts.
- Healthcare Providers: As mentioned before, hospitals and medical practices are frequent sellers of delinquent medical bills.
These transactions are common in the debt collection industry, as it allows creditors to recoup some of their losses and offload the burden of collection.
Does Cavalry Portfolio Services Collect for Specific Companies?
No comprehensive public list exists detailing every single client of Cavalry Portfolio Services. The identities of their clients are generally considered confidential business information. However, based on industry practices and reported consumer experiences, it's safe to assume they work with a wide range of companies across various sectors, including those mentioned above.
Remember, if you receive a collection notice from Cavalry Portfolio Services, it's crucial to verify the debt's validity and understand your rights under the Fair Debt Collection Practices Act (FDCPA).
