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?
Cavalry 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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Cavalry Portfolio Services, LLC Contact Information
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. However, sometimes it’s better just to pay the debt, especially if it’s new, and you’re certain that it’s legit.
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
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 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 the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Cavalry SPV I LLC
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it 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 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. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Cavalry SPV I LLC may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- They 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.
- They cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Cavalry SPV I LLC From Your Credit Report Today!
Credit Saint can assist you in disputing Cavalry SPV I LLC accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
Ready to Repair Your Credit?
Learn how to get help disputing errors on your credit report that could be hurting your credit score.
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