I was recently (8/2005), contacted by the El Segundo PD. Surprise, they have recovered my personal information from two individuals they had arrested for knocking over a courier truck a few years ago. Apparently in their ongoing investigation they apprehended these guys doing it again. The police searched their premesis and found quite a lot of identities. They took my statement over the phone and then sent me a copy of their supplemental police report on the theft. Unfortunately, he quoted me wrong. However, at least they caught the crooks.
Meanwhile, someone got wind of it and suddenly Experian reports another derogatory acct. on my C/R by Cavalry Portfolio Services for $514.00 opened in 3/2005 and sent for collection on 6/2005. Funny thing is, Cingular Wireless has no record of the account ever being opened and neither does AT&T.
I have been working with the Fraud Dept at Cingular because I have a business acct with them. Cavalry Portfolio Services, is however, one of the collection companies that they send their collections to as does AT&T. According to the fraud dept representative, after the merger between the two companies (Cingular and AT&T) there has been quite a few customers complaining of fraudulent accts. Could this be an inside job?
Cavalry has now sent me a "Fraud Statement of Dispute" letter to fill out and return to them, including a copy of my SS Card and proof of citizenship, a copy of State issued DL or ID card, a copy of Police report, and a copy or actual proof of residence at the time account was established (ie.Util bill, bank statement(fat chance), credit card statement(again fat chance), or tax documentation. Now how is any of those documents going to help them decide if I am the culprit that opened this acct or not? They say if I can not provide all of this documentation that they refuse to process my Fraud Dispute claim. At this point I am not sure what to do.
I have read all the other claims against this company and I can see that other people have had these fraudulent charges entered on their credit report or have been billed for same and I for one commend the persons that have had the guts to fight back. I have never seen so many corrupted companies nor have I any faith in even thinking that my claims of Identity Theft and/or disputed delinquent accts reported on my credit report, will ever be resolved. I have also seen the claims against the Credit reporting bureaus and that doesn't make me feel any more secure or protected against this continuing and completely ruining me, even with the arrest of those two guys that had my file on them.
Speaking of which, I am currently in the process of refinancing my home and every day that I contact my Broker/Correspondent lender??? They tell me that my FICO SCORE has went down by 10 points and they will have to change the program from 100% ltv single loan w/interest rate of 5.0% to an 80/20 first and second w/rates of 7.9% on the 1st and 10.9% on the 2nd. What are they doing pulling my credit report on a daily basis? Waiting for the rates to rise? I don't know but each day I find out that there are more collection accounts on my report and Cavalry Portfolio Svcs was one of them. I am beside myself with anger. It looks like I won't get my loan, my credit is ruined, and I don't know what will happen to my busines. To say the least, I AM MAD AND I'M NOT GOING TO TAKE IT ANYMORE. Unfortunately, I am at a loss, I don't know what to do except complain.
Thank you for letting me vent. But that is only part of my RIPOFF complaint. I will add another company or two before I am through. This is the only place to vent that maybe the reader is listening. I wish I knew how all of this happened, it is like a domino affect, once it starts rolling, it goes until there is no more.
las vegas, Nevada
U.S.A. Click here to read other Rip Off Reports on Experian