Who is Cavalry Portfolio Services?
Cavalry Portfolio Services, LLC is a debt collection agency and debt buyer located in Valhalla, New York. They also have locations in Phoenix, Arizona; Tulsa, Oklahoma; and St. Paul, Minnesota.
Cavalry Portfolio Services may show up on your credit report as “Cavalry SPV I LLC“. They are one of the largest buyers of distressed debt in the United States. Cavalry Portfolio Services buys debt collection portfolios for pennies on the dollar. They also collect credit card debt for banks like Bank of America, Chase, and CitiBank.
Removing Cavalry Portfolio Services from Your Credit Report
Cavalry Portfolio Services collections can hurt your credit score and remain on your credit report for up to 7 years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to have a collection account removed from your credit report before 7 years.
(Debt collectors prefer that we didn’t tell you this, but it’s something you should know.)
Lexington Law Firm is a credit repair company that helps people fix their credit.
In addition to collections, Lexington Law will help you challenge (and possibly remove) other inaccurate information from your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, judgments, tax liens, and bankruptcies.
Call Lexington Law now to learn more: (800) 220-0084
Cavalry Portfolio Services, LLC Contact Information
Address:
Cavalry Portfolio Services, LLC
500 Summit Lake Drive, Suite 400
Valhalla, NY 10595
Website: https://www.cavalryportfolioservices.com
Phone number: (866) 483-5139
Should I contact or pay Cavalry Portfolio Services?
Nothing good can come from speaking to a collection agency on the phone. And making payments on the collection account will reset the clock. So instead of helping your credit, it could make it worse.
The best way to go about handling this is to work with a professional credit repair service. They have deleted millions of negative items from companies like Cavalry Portfolio Services for millions of clients nationwide.
And they can help you too.
Will Cavalry Portfolio Services sue me or garnish my wages?
It’s possible, but if you work with a law firm like Lexington Law, you have nothing to worry about. They will help you dispute the collection account and possibly get it removed from your credit report. It’s also quite possible that you may never hear from or have to deal with Cavalry Portfolio Services again.
Call Lexington Law to learn how they can help you avoid lawsuits and remove negative items from your credit report that will significantly improve your credit scores.
Wage Garnishment
Some states allow wage garnishment, while others do not. It is important to note that if you are in a state that does not allow wage garnishment, it is illegal for them to threaten to garnish your wages or levy your bank account.
It is also illegal for Scott & Associates to make any claims they cannot or will not follow through on – this includes threatening to sue you or to foreclose on your home.
Cavalry Portfolio Services, LLC Complaints
Most debt collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with Cavalry Portfolio Services, 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). Lexington Law knows that you have rights, and Cavalry Portfolio Services does too.
Have you been contacted by Cavalry Portfolio Services claiming that you owe them money?
Cavalry Portfolio Services purchases debt from credit card companies, payday loan companies, car title loan companies, auto finance companies, utility companies, and telecommunication companies.
If you’ve had significant outstanding debt from any of these types of creditors, they may have sold off your account to a debt collector like Cavalry.
Once a debt collector owns your debt, they report it to the credit reporting agencies. They’ll also likely start calling you and sending you aggressive collections letters. They may even threaten to sue you, which can lead to serious legal proceedings.
Your Rights When Dealing with Cavalry Portfolio Services
There are strict regulations about what a debt collector can and cannot do in the United States. For example, the Fair Debt Collection Practices Act prevents the use of abusive or deceptive tactics to collect any debt, whether or not you actually owe it. In addition, the FDCPA provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Cavalry Portfolio Services to report inaccurate or incomplete information on your credit report.
- Debt validation. Under the FDCPA, you have the right to validate a debt. Upon request, Cavalry Portfolio Services must prove to you, within 30 days, that the account is really your responsibility and the amount of money you owe is accurate.
- All personal debts are covered, including personal credit cards, auto loans, household bills, and mortgage payments.
- Cavalry Portfolio Services may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Cavalry Portfolio Services must be honest about who they are and what they are trying to do. They must notify you that they are a debt collection agency both orally and in writing.
- Cavalry Portfolio Services cannot threaten to have you arrested, and they are not allowed to threaten to take legal action if they have no intention of doing so.
How to Deal with Cavalry Portfolio Services
There are a number of ways to deal with Cavalry. If you have a reason to believe that the debt is expired and you are being contacted about an old account, send them an Expired SOL Notification letter.
This lets them know that they are dealing with an informed consumer and that threatening to sue you for the money owed won’t work. It may help ease them off your back for a while.
If the debt has not expired and you believe that you do indeed owe Cavalry money, you should first ask for debt validation. You can do so by sending them a debt validation letter. In the event they refuse to validate the debt, you have to seek legal recourse through the State Attorney General.
If you have sent a debt validation letter and Cavalry Portfolio Services continues to contact you about the debt before they respond to the verification request, it is a clear sign they are violating the law.
Cavalry Portfolio Services likely isn’t going to listen unless you bring government authorities into the mix. In addition to your state’s attorney general, you can also report them to the FTC.
Can Cavalry Portfolio Services collections be removed from my credit report?
Lexington Law Firm specializes in disputing Cavalry Portfolio Services collection accounts. They have over 28 years of experience and have removed over 7 million negative items for their clients in 2020 alone.
Get Your Collections Removed Today!
If you’re looking for a reputable credit repair company to help you with collection accounts and repair your credit, we HIGHLY recommend Lexington Law.
Call them at (800) 220-0084 for a free credit consultation. They have helped many people in your situation and have paralegals standing by waiting to take your call.