Who is Cavalry SPV I LLC?
Cavalry SPV I LLC, also known as Cavalry Portfolio Services, is a debt buyer and collection agency based in Valhalla, New York, with additional offices in Phoenix, Arizona; Tulsa, Oklahoma; and St. Paul, Minnesota.
The presence of Cavalry SPV I LLC on your credit report indicates that they have purchased a debt you owe, typically from a credit card company. This usually happens when the original creditor has been unsuccessful in their attempts to collect payment, and so they sell the debt, often for pennies on the dollar, to a debt collector.
Who does Cavalry SPV I LLC collect for?
Cavalry SPV I LLC purchases debts in bulk from credit card companies and lenders. They acquire old credit card debt from original creditors, typically banks or other financial institutions, who have been unable to collect the debt themselves.
Is Cavalry SPV I LLC legit or a scam?
Cavalry SPV I LLC is a legitimate debt collection company. They are authorized to collect debts on behalf of their clients. However, it’s important to verify any debts they claim you owe before making any payments.
How can I remove Cavalry SPV I LLC from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Cavalry Portfolio Services, LLC Contact Information
Address:
Cavalry Portfolio Services, LLC
500 Summit Lake Drive, Suite 400
Valhalla, NY 10595
Phone number: (866) 483-5139
Should I contact or pay Cavalry SPV I LLC?
It’s best to avoid speaking to a debt collection company on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it.
The most effective way to deal with a debt collector is to work with a credit repair professional. They help remove millions of negative items every year from companies like Cavalry SPV I LLC on behalf of their clients.
Will Cavalry SPV I LLC sue me or garnish my wages?
Cavalry SPV I LLC, like many other debt collection companies, has the legal authority to sue you for the unpaid debt. If they obtain a court judgment against you, they may be able to garnish your wages, levy your bank account, or place a lien on your property, depending on the debt collection laws in your specific jurisdiction.
However, remember that debt collection lawsuits are generally viewed as a last resort due to the time, cost, and uncertainty associated with legal proceedings. In most cases, they would prefer to work out a payment plan or settle the debt without going to court.
Cavalry Portfolio Services Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with Cavalry SPV I LLC, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Cavalry SPV I LLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for a debt collector to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- Cavalry SPV I LLC cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- They must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- They cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Cavalry SPV I LLC From Your Credit Report Today!
Credit Saint offers assistance with disputing Cavalry SPV I LLC accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
