Who is Cavalry Portfolio Services?
Cavalry Portfolio Services, LLC is a debt collection agency based in Valhalla, New York, with additional offices in Phoenix, Arizona; Tulsa, Oklahoma; and St. Paul, Minnesota.
Cavalry Portfolio specializes in purchasing and managing portfolios of non-performing consumer loans such as credit card debt and personal loans. They are one of the largest buyers of distressed debt in the United States. They might appear on your credit report under the name “Cavalry SPV I LLC“.
Who does Cavalry Portfolio Services collect for?
Cavalry Portfolio Services collects debt on behalf of a broad range of entities. Their primary business model involves purchasing distressed debt portfolios for a fraction of the original amount owed. These debts could originate from various sources, such as major credit card companies like Bank of America, Chase, and Citibank.
Their services also extend to collecting for other types of lenders and service providers, including payday loan companies, car title loan companies, auto finance companies, utility companies, and telecommunication companies.
Is Cavalry Portfolio Services legit or a scam?
Despite any negative experiences some consumers may have reported, Cavalry Portfolio Services is a legitimate debt collection company. However, like many debt collection agencies, they have been known to utilize persistent strategies, including frequent calls, texts, or emails in an effort to collect the debt.
How can I remove Cavalry Portfolio Services from my credit report?
Cavalry Portfolio Services collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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Lexington Law Firm is a credit repair company that helps people fix their credit.
In addition to collections, they can work with you to challenge other inaccurate, unfair, or unsubstantiated information on your credit report. These items include inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
Get started on the path to better credit today: Fill out the form for a free credit consultation.
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 Portfolio Services?
It’s best to avoid speaking to a debt collector 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. However, sometimes it’s better just to pay the collection account, especially if it’s new, and you’re certain that it’s legit.
The most effective way to deal with Cavalry Portfolio Services is to work with a credit repair professional. They help remove millions of negative items every year from companies like Cavalry Portfolio Services on behalf of their clients.
Will Cavalry Portfolio Services sue me or garnish my wages?
Cavalry Portfolio Services, like any third-party collection agency, is entitled to sue you to collect the debt you owe, particularly if you’ve been unresponsive to their collection efforts. If they win a judgment against you in court, they might be able to garnish your wages or even levy your bank account, depending on the laws in your state.
However, it’s important to note that taking such legal action is often a last resort for collection agencies, as it can be expensive and time-consuming. Before it reaches this point, you’ll usually have several opportunities to negotiate a payment plan or settle the debt for a lesser amount.
Is Cavalry Portfolio Services hurting my credit score?
Any derogatory item on your credit report, including a collections account, may harm your credit score.
Debt collection companies often buy and sell debt from one another, which can lead to multiple collections on your credit reports for the same account.
When this happens, if you don’t dispute the accounts with the credit reporting agencies and get them all removed, they will harm your credit score.
Cavalry Portfolio Services, LLC Complaints
Most collection agencies have numerous complaints filed against them 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 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 Firm knows that you have rights, and Cavalry Portfolio Services does too.
Your Rights When Dealing with Cavalry Portfolio Services
Debt collection companies must abide by state and federal laws in the United States. For example, the Fair Debt Collection Practices Act prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, the FDCPA provides you with many rights to ensure that debt 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 about you.
- You have a legal right to request debt validation on an alleged debt. Send Cavalry Portfolio Services a debt validation letter. By law, they have 30 days to prove to you that the outstanding debt is really yours and the total amount is accurate.
- 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 attempting 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 or imprisoned over unpaid debts.
Remove Cavalry Portfolio Services From Your Credit Report Today!
Lexington Law Firm can assist you in disputing Cavalry Portfolio Services collection accounts. With more than 18 years of experience, they achieved over 6 million removals for their clients in 2021 alone.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
They have helped many people in your situation. Fill out the form on their website for a free credit consultation to see what they can do for you.
Ready to Repair Your Credit?
Some clients have raised their credit scores
by 100 points* or more.
