Hey look, I'm famous (just kidding of course). Open Directory gave us an entry in Allegedly Unethical Firms which propagates out to the hundreds of sites/directories that use ODP data. For example:
Actually, when it comes down to it, that's exactly what they do. Or at least Calvary Investments does, and Winn and Sims handles stuff for them in the Los Angeles area.
Sounds very much like another company I've done research on because of their "strong arm" technique of trying to collect money for a past credit card debt. Lenahan Law Offices? Anyone heard of that one?
I just had a bad experience with Cavalry Investments. I have been trying to pay off my debt, that I am not really sure what it is for, I've paid $1,800 to this date and I have been trying to settle the amount of $1,200 which is due next week. I tried to see if I could get an extension on this payment because I dont have 1,200, but I was willing to pay $200 this month until I can settle it. A person by the name of George Sims was so rude and downright mean on the telephone which was highly uncalled for. He hung up on me and told me that he was going to sue me for $2,800. He left me in tears! I called back and spoke to the Director and he said he would follow up with George on my account and then I try to call him back about 5 times now and he wont return my calls and when I finally get through again to speak to Jim the Director, I get the rude, George Sims again on the phone! I wish I knew someone that I could talk to that could put some heat on this company. There is no reason to be rude and mean to customers! Especially customers that are trying to pay off their debts!
Corrine, if what you are saying is true, there are several things you should know.
First, find out what this supposed debt is for. Never pay someone just because they say you owe them. The burden of proof is on them. This is especially true of collections companies.
Second, research your rights. Assuming this debt is a personal, non-business debt, This George Simms character is likely breaking federal law by threatening to sue. It is illegal to use the threat of lawsuit to coerce you to pay-- especially if the person is not an attorney. If the make the threat they must actually have the authority, power and intent to do it.
Look up info on the Fair Debt Collections Practices Act. If they violate this act there are plent class action lawyers who want hear about it. You could be eligible for damages that would finish off this debt.
this company got a illegal judgement against me (i was never service any legal paper ever)to make a long story short...they had money garnished from my bank account and have bankrupted me. now i'm in a bigger hole financially than before. i am filing a complaint with the us attorney general and hope they can shut these predators down.
RE: this company got a illegal judgement against me (i was never service any legal paper ever)to make a long story short...they had money garnished from my bank account and have bankrupted me. now i'm in a bigger hole financially than before. i am filing a complaint with the us attorney general and hope they can shut these predators down.
THIS DEBT MUST HAVE BEEN REPORTED FOR 7 YEARS!
CHECK YOUR CREDIT REPORT FOR FREE AT ANNUALCREDITREPORT.COM ...
SOUNDS LIKE THERE'S MORE TO THE STORY- YOU PROBABLY ARE ONE OF THE PEOPLE TRYING NOT TO PAY THIS AND YOUR DRIVING UP THE INTEREST RATES FOR THE REST OF US.
DEBTOR... DEADBEAT... CON-ARTIST... JACK.. THIEF.. BULLS*** ARTIST... SATAN... LUCIFER... YOUR MOTHER DID NOT RAISE YOU RIGHT...
OKAY- SEE, NAME CALLING DOESNT SOLVE ANYTHING. YOU HAVE LEGAL RIGHTS AND THERE ARE PROCESSES YOU CAN TAKE AT EVERY LEVEL OF THIS.
BE A RESPONSIBLE ADULT, TALK THINGS OUT AND CAVALRY WILL EVEN WORK WITH YOU IN MOST CASES AND (ARE YOU LISTENING) GIVE YOU THE INFO OR PAPERWORK YOU NEED TO RESOLVE MOST ISSUES.
re: Anonymous said... Corrine, if what you are saying is true, there are several things you should know.
First, find out what this supposed debt is for. Never pay someone just because they say you owe them. The burden of proof is on them. This is especially true of collections companies.
IF ON THE ORIGINAL CONTRACT IT HAS AN ARBITRATION CLAUSE THEN THEN BURDEN OF PROOF IS ON THE CUSTOMER AND NOT CAVALRY.
DONT GET MAD AT US- THATS WHAT ALL THE SMALL PRINT YOU SIGN YOUR NAME TO SAYS!
PEOPLE, BE SMART AND HAVE THE CAR DEALERS, LOAN OFFICERS, CELL PHONE AGENTS AND RETAILERS DISCLOSE TO YOU IF THERE ARE EARLY TERMINATION FEES, PENALTIES AND DEFAULT INTEREST RATES IF THE CONTRACT GOES BAD.
BE INFORMED AND FOCUS YOUR ANGER AT THE RIGHT SOURCE.
Better Business Bureau Federal Trade Commission Attorney General Civil lawsuit Three credit bureaus Just to name a few people to contact regarding any complaint you may have
Here's a real reference to a real business article about how Cavalry really works. Remember that the company to whom you originally was indebted to does NOT receive any of the money you pay the collection agency. The collection agency already paid the the orginal creditor company money. Judges refuse to recognize that collection companies such as Cavalry only pay a fraction (on averatge according to the owner of Cavalry less than 1.7 cents per 1 dollar of debt. The Judge should be basing the amount owed to the collection agency on the amount the collection agency paid for the debt not the orginal amount of the debt + all sorts of make believe fees and interest on interest charges. Perhaps its time for State Attorney Generals to begin to back the consumer rather than these collection agencies. That may be impossible given that the collection agencies and their "associations" contribute huge amounts of money to State legislators and Federal Congresspersons. Nelson, Brett. 'A Betting Man: Andrew Zaro gambles on himself--in the high-stakes game of collecting on bad debts.' "Forbes Magazine." 172:6. September 29, 2003. Pp.72-73. If anyone uses the above article and wins a case, or at least has the judge rule that the amount paid by the collection agency is the amount to be used as the debt to be collected then please post the results on this blog. There is also a law that states if the creditor has not been able to contact the debtor for 6 years then the amount owed automatically reverts to the original debt owed.
I received a Bill for something I don't know anything about. I just moved to my current address, and received a bill for $181.02 but the bill doesn't show what service its for. Is this ethical? Is it legal? I think they just want to intimidate me into some kind of payment for their own gain. I tried to call the number, but all I get is a voicemail message. I've left serveral messages but no reply. I think this is just a scam to collect money from whoever they can scam. My lawyer and the local News will get a copy of the letter sometime this week. Then lets see what they say. Let me know if this has happened to anyone else. [email protected]
I recently found many useful information in your website especially this blog page. Among the lots of comments on your articles. Thanks for sharing. Drywall Design Ideas Coquitlam, BC
When it comes down to it, that's exactly what they do. Or at least Calvary Investments does, and Winn and Sims handle stuff for them in the Los Angeles area. Nashville Foundation Repair & Waterproofing Gurus
21 comments:
What do these guys do, buy up a contract and then harrass the person to get their money back. Can anyone answer that for me.
Actually, when it comes down to it, that's exactly what they do. Or at least Calvary Investments does, and Winn and Sims handles stuff for them in the Los Angeles area.
BLOOD SUCKERS
Sounds very much like another company I've done research on because of their "strong arm" technique of trying to collect money for a past credit card debt. Lenahan Law Offices? Anyone heard of that one?
I just had a bad experience with Cavalry Investments. I have been trying to pay off my debt, that I am not really sure what it is for, I've paid $1,800 to this date and I have been trying to settle the amount of $1,200 which is due next week. I tried to see if I could get an extension on this payment because I dont have 1,200, but I was willing to pay $200 this month until I can settle it. A person by the name of George Sims was so rude and downright mean on the telephone which was highly uncalled for. He hung up on me and told me that he was going to sue me for $2,800. He left me in tears! I called back and spoke to the Director and he said he would follow up with George on my account and then I try to call him back about 5 times now and he wont return my calls and when I finally get through again to speak to Jim the Director, I get the rude, George Sims again on the phone! I wish I knew someone that I could talk to that could put some heat on this company. There is no reason to be rude and mean to customers! Especially customers that are trying to pay off their debts!
Corrine, if what you are saying is true, there are several things you should know.
First, find out what this supposed debt is for. Never pay someone just because they say you owe them. The burden of proof is on them. This is especially true of collections companies.
Second, research your rights. Assuming this debt is a personal, non-business debt, This George Simms character is likely breaking federal law by threatening to sue. It is illegal to use the threat of lawsuit to coerce you to pay-- especially if the person is not an attorney. If the make the threat they must actually have the authority, power and intent to do it.
Look up info on the Fair Debt Collections Practices Act. If they violate this act there are plent class action lawyers who want hear about it. You could be eligible for damages that would finish off this debt.
this company got a illegal judgement against me (i was never service any legal paper ever)to make a long story short...they had money garnished from my bank account and have bankrupted me. now i'm in a bigger hole financially than before. i am filing a complaint with the us attorney general and hope they can shut these predators down.
RE: this company got a illegal judgement against me (i was never service any legal paper ever)to make a long story short...they had money garnished from my bank account and have bankrupted me. now i'm in a bigger hole financially than before. i am filing a complaint with the us attorney general and hope they can shut these predators down.
THIS DEBT MUST HAVE BEEN REPORTED FOR 7 YEARS!
CHECK YOUR CREDIT REPORT FOR FREE AT ANNUALCREDITREPORT.COM ...
SOUNDS LIKE THERE'S MORE TO THE STORY- YOU PROBABLY ARE ONE OF THE PEOPLE TRYING NOT TO PAY THIS AND YOUR DRIVING UP THE INTEREST RATES FOR THE REST OF US.
RE: BLOOD SUCKERS
# posted by Anonymous : 4:33 PM
DEBTOR... DEADBEAT... CON-ARTIST... JACK.. THIEF.. BULLS*** ARTIST... SATAN... LUCIFER... YOUR MOTHER DID NOT RAISE YOU RIGHT...
OKAY- SEE, NAME CALLING DOESNT SOLVE ANYTHING. YOU HAVE LEGAL RIGHTS AND THERE ARE PROCESSES YOU CAN TAKE AT EVERY LEVEL OF THIS.
BE A RESPONSIBLE ADULT, TALK THINGS OUT AND CAVALRY WILL EVEN WORK WITH YOU IN MOST CASES AND (ARE YOU LISTENING) GIVE YOU THE INFO OR PAPERWORK YOU NEED TO RESOLVE MOST ISSUES.
I BET THERES MORE TO THIS STORY..
re: Anonymous said...
Corrine, if what you are saying is true, there are several things you should know.
First, find out what this supposed debt is for. Never pay someone just because they say you owe them. The burden of proof is on them. This is especially true of collections companies.
IF ON THE ORIGINAL CONTRACT IT HAS AN ARBITRATION CLAUSE THEN THEN BURDEN OF PROOF IS ON THE CUSTOMER AND NOT CAVALRY.
DONT GET MAD AT US- THATS WHAT ALL THE SMALL PRINT YOU SIGN YOUR NAME TO SAYS!
PEOPLE, BE SMART AND HAVE THE CAR DEALERS, LOAN OFFICERS, CELL PHONE AGENTS AND RETAILERS DISCLOSE TO YOU IF THERE ARE EARLY TERMINATION FEES, PENALTIES AND DEFAULT INTEREST RATES IF THE CONTRACT GOES BAD.
BE INFORMED AND FOCUS YOUR ANGER AT THE RIGHT SOURCE.
Better Business Bureau
Federal Trade Commission
Attorney General
Civil lawsuit
Three credit bureaus
Just to name a few people to contact regarding any complaint you may have
Here's a real reference to a real business article about how Cavalry really works. Remember that the company to whom you originally was indebted to does NOT receive any of the money you pay the collection agency. The collection agency already paid the the orginal creditor company money.
Judges refuse to recognize that collection companies such as Cavalry only pay a fraction (on averatge according to the owner of Cavalry less than 1.7 cents per 1 dollar of debt.
The Judge should be basing the amount owed to the collection agency on the amount the collection agency paid for the debt not the orginal amount of the debt + all sorts of make believe fees and interest on interest charges.
Perhaps its time for State Attorney Generals to begin to back the consumer rather than these collection agencies. That may be impossible given that the collection agencies and their "associations" contribute huge amounts of money to State legislators and Federal Congresspersons.
Nelson, Brett. 'A Betting Man: Andrew Zaro gambles on himself--in the high-stakes game of collecting on bad debts.' "Forbes Magazine." 172:6. September 29, 2003. Pp.72-73.
If anyone uses the above article and wins a case, or at least has the judge rule that the amount paid by the collection agency is the amount to be used as the debt to be collected then please post the results on this blog.
There is also a law that states if the creditor has not been able to contact the debtor for 6 years then the amount owed automatically reverts to the original debt owed.
I received a Bill for something I don't know anything about. I just moved to my current address, and received a bill for $181.02 but the bill doesn't show what service its for. Is this ethical? Is it legal? I think they just want to intimidate me into some kind of payment for their own gain. I tried to call the number, but all I get is a voicemail message. I've left serveral messages but no reply. I think this is just a scam to collect money from whoever they can scam. My lawyer and the local News will get a copy of the letter sometime this week. Then lets see what they say. Let me know if this has happened to anyone else. [email protected]
I recently found many useful information in your website especially this blog page. Among the lots of comments on your articles. Thanks for sharing. Drywall Design Ideas Coquitlam, BC
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I think they just want to intimidate me into some kind of payment for their own gain.
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When it comes down to it, that's exactly what they do. Or at least Calvary Investments does, and Winn and Sims handle stuff for them in the Los Angeles area.
Nashville Foundation Repair & Waterproofing Gurus
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