Remove Cavalry Portfolio Services From Your Credit Report

By Justin Hutto

You must dispute a negative item from Cavalry Portfolio to remove it from your credit history. This is done directly with the credit bureaus.

You are telling the bureaus that you do not agree with the accuracy or validity of a mark when you file a dispute. Upon receipt of a valid dispute letter the bureaus will investigate the mark.

The bureaus will contact the creator of the mark and ask them to verify the account. They will then check the dates and amount of the debt.

If the mark is not verified it must be removed from your credit report. It is common for investigations to result in the removal of bad credit items.

You can make a dispute letter yourself or you can hire a credit repair service. If this is the only bad credit item you want to dispute we recommend creating your own letter.

However if you have a number of bad credit items you want to dispute on your credit report we suggest hiring a service. A service can use advanced dispute techniques to remove a mark if it is verified.

Who is Cavalry Portfolio?

They are a collection agency. They will purchase debt and collect for themselves or they will collect on behalf of a financial institution.

However they do offer contact information for individuals that want to comment about Cavalry and their collection methods. Most agencies will try to avoid customers and their feedback on their business.

They provide Todd Tipton as a contact his email is ttipton@cavps.com and his phone number is 918.665.5686. They claim to work with their customers to come to an agreement for repayment.

There are times when an account will go to collections due to a lender mistake. This is not uncommon and you will start getting communications from a collection agency.

You will not be able to explain to them that the lender made a mistake. Instead you will have to dispute the negative mark with the credit bureaus.

In sum a negative item from Cavalry Portfolio can be removed from your credit report. You can dispute this mark and erase it.

About the Author:

For more tips to remove calvary portfolio or for a free sample dispute letter to dispute bad credit items visit us.

Learn How To Settle Credit Card Liabilities

By Jessica Bradbury

It is not exaggeration if one says that most Americans are dependent on credit cards to buy things. Credit cards are used to purchase basic necessities such as food, clothing and paying for the children's tuition to paying for restaurant bills, booking flights and hotels, among others.

It's almost as if, in this modern world, we're living on credit cards. It's probably one of our most prized possessions.

The reality that we live in a modern world and really heavily on credit cards shows that these have become prized possessions. The convenience and the luxury of using credit cards have made people rely on these heavily. The terms of payment crafted by banks likewise contributed in the popularity of credit cards.

Instead of asking for full payments, banks charge us with minimum payments each month making it easier for us to manage our finances. However, opting for this scheme has its setbacks. For one, paying the minimum required amount deducts a pittance on our outstanding balance, which means we would have to pay for this our account for a long, long time.

It also makes some card holders complacent in meeting their obligations. Most pay only this required amount, even if you purchase hundreds of dollars worth or products each month. As you practice this each month, your balance would balloon and so would their minimum payments.

In extreme cases, you have to take another loan just so you can continue to manage your finances. But you can choose to avail of a credit card debt settlement, which is an agreement wherein card holders and banks come up with a compromise payment.

With this, you need to go to your banks and tell them upfront that you cannot anymore afford to pay for your debts. Banks would have to settle for the amount, lesser than you balance, because they don't want you away from your obligations. These banks hate to take you to court either.

Should one really not be able to settle one's debts, banks or credit card companies offer options like these, allowing clients the chance to settle their debts, with the most minimum of arrears possible. Should you be in a credit card rut, look into credit card debt settlement options offered by your credit card company.

About the Author:

Jessica Bradbury has a Hub page for more on Credit Card Debt Relief

Is a reverse mortgage a good thing??

By Doc Schmyz

If you have already heard the term reverse mortgage, it still sounds a little odd. If this is the first time you are hearing the term, it will probably sound like some kind of shady deal. Reverse mortgages are becoming more popular these days, but are they scams or are they legitimate?Is it really possible to sell your house back to the bank and still retain the deed to it? Will the bank really pay YOU the mortgage payments? Let's review what a reverse mortgage is so these questions can be answered.

The name is somewhat confusing. A reverse mortgage is a loan that is structured like a mortgage, with YOU as the lender and the BANK as the buyer. In the U.S., homeowners wanting to initiate a reverse mortgage must be at least 62 years old, and own all or most of their home. The senior citizen homeowner "sells" his or her house to the bank, in return for receiving periodic mortgage payments. Sometimes the payments can be structured as a lump sum, line of credit, or a combination of all three.

Why would retired persons want to have a reverse mortgage? It provides a constant and dependable stream of retirement income. Many retirement plans such as 401(K) or Individual Retirement Accounts (IRA) generally increase in value, but are still tied to stock market interest rates. The amount of money they provide during retirement can vary. Social Security, Medicare, and other U.S. government programs have endangered funding, so they may not be reliable sources of income. A reverse mortgage can supplement a senior citizen's income. The amount depends on the homeowner's age, equity of the house, interest rate on the loan, closing fees, and a few other factors.

A common misconception about the reverse mortgage is that the bank eventually owns your house. This is not true! The deed remains in your name throughout the entire term of the process. Note that there is interest on the loan payments, but it is deferred until the loan is repaid.

The homeowner can remain living in the house during the entire term of the reverse mortgage. The loan becomes due only when the homeowner moves out, such as moving into a nursing home, or becomes deceased. At those times, the survivors can repay the loan themselves if they want to keep the house. They can also sell the home and repay the loan plus the interest in full. The money paid to the homeowner as mortgage payments must be repaid to the lender when the loan becomes due.

These mortgages can provide much needed financial support during retirement. It is a time when medical costs are likely to increase, as well as unexpected costs can creep up. Use a reverse mortgage to help yourself to gain the financial security in retirement that you worked so hard to achieve.

About the Author:

Doc Schmyz has done real estate deals all over the US. He built a free website shares Real estate investing information for all over the US. Find Real estate investing information by state