If you’re a collection agency and you want to collect in West Virginia, you’re going to want to make sure that you’re licensed in the state of West Virginia. (Motto: Montani semper liberi. Oh, and bonus fact: West Virginia’s state animal is the black bear! Ursus americanus. You’re welcome.)
Prominent industry debt buyers Cavalry Portfolio Services, LLC, learned this the hard way. West Viriginia’s Office of the Attorney General released a press statement titled “Court Enjoins Cavalry Debt Buyers from Collecting Debts.”
“In addition to halting Cavalry’s pending collections lawsuits,” the release says, “the circuit court’s injunction requires Cavalry to stop all wage garnishments and to release all liens filed against West Virginia consumers’ property stemming from judgments obtained by its companies before they became licensed.”
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