First of all, you'll need to get the name right and understand the company - many people mistake "Cavalry" for "Calvary". The official name of the company is Cavalry Portfolio Services. You'll need to know this when referencing or trying to contact the company in order to resolve credit management and chargeoff issues.

When Cavalry Portfolio claims you are delinquent, and that claim shows up on your credit report, it could stop you from being able to buy a house, finance a car, or even get private loans to further your education. Who needs that?

If you have an MBNA debt, it's very possible that Cavalry has contacted you. Cavalry Portfolio often handles MBNA and Bank of America debts.

One of the first things you need to remember is to get a copy of the debts you're being contacted about, and work to determine whether you actually owe these debts. If you do, you can negotiate to get those debts down - often for much, much less than you actually owe.

To find out more, visit Chargeoff's Cavalry site. You may be eligible to get a consultation with a credit professional that will save you thousands!