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Need advice on paying Cavalry Portfolio Services

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Junior Member
What is the name of your state?What is the name of your state? OR

I have not had a steady job since 2000. I fell into the trap of using credit cards to pay monthly bills, and worse, using one card to make a payment on another. I finally just quit making payments.
Last week I got a call from Cavalry Portfolio Services, saying they would take legal action if I did not pay one of the card debts by the end of January. They offered to take 50¢ on the dollar, to "settle with no further obligation." Is Cavalry legitimate? Is this a fair offer?

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