• Report: #158190

Complaint Review: Cavalry Portfolio Svcs, AT&T/Cingular, And Experian

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  • Submitted: Sat, September 24, 2005
  • Updated: Mon, October 03, 2005

  • Reported By:las vegas Nevada
Cavalry Portfolio Svcs, AT&T/Cingular, And Experian
4050 E Cotton Center Blv Phoenix, Arizona U.S.A.

Cavalry Portfolio Services - AT&T/Cingular And Experian Cavalry Portfolio Svcs, AT&T/Cingular, And Experian Cavalry Portfolio Services, AT&T/Cingular ripoff ID Theft - Mine! Reported fraudulent charges to collect to the tune of $514.00 and I have never had an AT&T acct, in my life The merger must have left them needing more $$$'s What does that tell ya? Phoenix Arizona

*Consumer Suggestion: Find an attorney specializing in consumer law

*Consumer Suggestion: DO NOT FILL OUT THEIR FRAUD PACKET

*Consumer Suggestion: Identity Theft Issue

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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.

Cylvya
las vegas, Nevada
U.S.A.

Click here to read other Rip Off Reports on Experian

This report was posted on Ripoff Report on 09/24/2005 12:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/Cavalry-Portfolio-Svcs-ATTCingular-And-Experian/Phoenix-Arizona-85040/Cavalry-Portfolio-Services-ATTCingular-And-Experian-Cavalry-Portfolio-Svcs-ATTCingu-158190. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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#1 Consumer Suggestion

Find an attorney specializing in consumer law

AUTHOR: Wendy - (U.S.A.)

Cavalry Portfolio Services (or Cavalry Investments) is notorious for attempting to collect on things they have no business doing. I say that because they have tried to do that with my husband.

He's received letters from them, claiming that he owes money on a Mobil card that was paid off long ago, and we even have proof that it was paid off. They have listed themselves on his credit report as having an open yet delinquent account, which is absolutely false. I've helped him send letters to them, trying to explain to them that this account was paid off to begin with and mailed them the proof, but it wasn't good enough for them.

I spoke to an acquaintance from my church who's an attorney, and he referred me to another attorney he knew who would help my husband. We called him up, explained everything to him and faxed over all the backup, and fortunately he said he knows how Cavalry operates and will go after them for everything, including the attorney's costs! The claim is still pending.

Please try to find a good attorney in the Vegas area who may be able to help you. Talk to some people and find out who they know. Hopefully you won't have to pay a cent and everything will work out in your favor. Good luck.
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#2 Consumer Suggestion

DO NOT FILL OUT THEIR FRAUD PACKET

AUTHOR: Sherri - (U.S.A.)

As someone who went through this with them, I can tell you that they will try to use this information against you. It is not your job to prove that you don't owe this..it istheir job to prove that you do. Their "fraud packet" is a fraud...they are "phishing".

It finally took a rather strong-worded letter from my attorney to get this taken off my credit reports, but the moment I got my attorney involved, they stopped "verifying" a non-existent debt and it was deleted.

Is spending a hundred bucks or so to have your attorney write a letter worth restoring your good credit? YES!!
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#3 Consumer Suggestion

Identity Theft Issue

AUTHOR: Bar - (U.S.A.)

ID theft is all too common. I have had simmilar issues with credit card companies when I was sent blank checks and new credit apllications in the mail. These were stolen and used to create bgus accounts. You might find the FTC an invaluable resource at the National Resource on Identity Theft http://www.consumer.gov/idtheft/
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