About us

Mike Cavalco - President

Mike Cavalco formed Blue Chip Financial in 2008. Prior to creating Blue Chip, Mike was Senior VP Operations/Collections for Key Bank and VP Operations for Deutsche Bank. He brings 30 years of experience in corporate and consumer collections and has developed an extensive network of relationships with numerous corporations. The experience and skills gained throughout his career have given him an in-depth understanding of the opportunities and challenges that large and small business encounter in a variety of industries and competitive environments.

Mike has successfully created a fresh and more personalized approach to the collection industry and has provided his knowledge and expertise to a wide array of companies. He is a Graduate of Du Page College and a member of AOPA.


Steve Smolen Chief Information Officer (CIO)

Steve Smolen Co-Founder of Blue Chip Financial began his career with Chrysler Financial and has held senior positions with AON and Key Bank where he was responsible for the development of several proprietary servicing and collection systems. Throughout his extensive career Steve has gained experience in all aspects of commercial and consumer lending and brings added value to clients as a technology expert because he has held various operational positions that give him a unique perspective to information technology.

Steve is a graduate of University of Illinois


Kelly Berg – Manager

Kelly Berg Joined Blue Chip with a unique skill set in collections. Kelly gained her experience at Auto Finance Group where she supervised the collections and skip department. Later she became Manager of the Student lending portfolio for Key Bank, where she developed and trained all employees including partners with international out sourcing companies. Kelly’s expertise in student lending, auto finance, overdraft, medical collections, mortgage and equipment finance makes her a valuable resource for our clients.

 Kelly is graduate of University of Illinois