Understanding Cavalry SPV I LLC: What You Need to Know About Debt Buyers

If you’ve recently checked your credit report or received a letter regarding an old debt, you may have come across a name like Cavalry SPV I LLC. For many, this name appears out of nowhere, leaving you wondering: Who are they? Why do they say I owe them money?
Cavalry SPV I LLC is not a scam, but understanding who they are, what they do, and how you can protect yourself is vital. In this article, we’ll break down everything you need to know about Cavalry SPV I LLC, from its role in the debt collection industry to what steps you can take if they’ve contacted you. Learn everything about Cavalry SPV I LLC, a major debt buyer, including how they operate, your legal rights, and how to deal with their collections effectively.

What Is Cavalry SPV I LLC?

Cavalry SPV I LLC is a debt purchasing company—also known as a “debt buyer.” They operate by buying charged-off debts from original creditors such as banks, credit card companies, and lenders. These debts are often sold for pennies on the dollar because the original lender no longer expects to collect them. Cavalry then tries to recover the debt and profit from the difference.

Here’s how the process typically works:

1. A consumer defaults on a debt – e.g., a credit card or personal loan.
2. The lender charges off the debt – removing it from their active books.
3. The debt is sold to a company like Cavalry SPV I LLC.
4. Cavalry attempts to collect the full or partial balance through letters, phone calls, or lawsuits.

The “SPV” in their name stands for Special Purpose Vehicle, which is a subsidiary company created for isolating financial risk. This is a common practice in debt collections and financial structuring.

Is Cavalry SPV I LLC Legitimate?

Yes, Cavalry SPV I LLC is a legitimate business. They are a registered limited liability company and operate under the broader umbrella of Cavalry Portfolio Services, which manages collection activity on their behalf. Their operations are bound by federal laws, such as the Fair Debt Collection Practices Act (FDCPA), and they are frequently listed in credit reports as the entity owning a past-due debt.

That said, being legitimate doesn’t mean they always follow the rules. Like many collection companies, they have been the subject of consumer complaints involving:

• Attempting to collect debts not owed
• Harassment or repeated calls
• Reporting incorrect information to credit bureaus
• Filing lawsuits without sufficient documentation

Why Is Cavalry SPV I LLC on My Credit Report?

If you see Cavalry SPV I LLC on your credit report, it likely means:

1. They purchased a debt originally owed by you to another creditor.
2. They believe you owe this debt and are reporting it to the credit bureaus as a collection account.

Collection accounts have a negative impact on your credit score and may remain on your report for up to 7 years from the original delinquency date, not the date Cavalry purchased the debt.

How to Handle a Debt from Cavalry SPV I LLC

If you’ve been contacted by Cavalry or noticed them on your credit report, here are the steps to take:

1. Don’t Ignore It

Avoiding the problem won’t make it go away. Ignoring debt collectors can lead to lawsuits, wage garnishments, or frozen bank accounts (depending on your state’s laws).

2. Request Debt Validation

Under the FDCPA, you have the right to request validation of the debt. Send a written request within 30 days of initial contact. Cavalry must then provide:

• Proof that the debt is yours
• Documentation showing they own the debt
• The amount owed

Until they validate, they must cease collection activity.

3. Check the Statute of Limitations

Each state has a statute of limitations on how long a debt is legally collectible. This varies but usually ranges between 3–6 years. If your debt is “time-barred,” Cavalry can still ask you to pay, but they cannot sue you for it.

Be cautious—making a payment may reset the clock, giving them legal ground to sue.

4. Negotiate a Settlement

If the debt is valid, you may be able to settle for less than the full amount. Cavalry SPV I LLC is known to accept settlements in the range of 30-60% of the balance owed, especially on older accounts.

Always request a “pay-for-delete” agreement in writing if you’re negotiating. While not legally required to remove the item from your credit report, some collectors may agree to do so.

5. Dispute Errors

If the debt isn’t yours or has errors (e.g., wrong amount or identity theft), file a dispute with the credit bureaus. Include copies of any supporting documentation. The bureau must investigate and respond within 30 days.

Cavalry SPV I LLC and Lawsuits

Cavalry is known to file lawsuits against consumers to collect debts, especially if the balance is significant. If you’re sued:

• Do not ignore the summons
• Respond to the lawsuit in writing
• Consider hiring a consumer defense attorney

If Cavalry wins a default judgment, they can garnish your wages or bank account in states where it’s allowed.

In many cases, consumers have successfully challenged Cavalry in court. Collection agencies often lack complete documentation to prove ownership or validate the debt.

Visit our another Finance related blog: White Oak Global Advisors Lawsuit

How to Remove Cavalry SPV I LLC from Your Credit Report

If you’re looking to clean up your credit, here are a few paths to remove Cavalry from your credit report:

1. Dispute Inaccuracies

File a dispute with Equifax, Experian, and TransUnion if the entry is inaccurate or outdated.

2. Pay-for-Delete

Negotiate a settlement where Cavalry agrees in writing to delete the account from your report after payment.

3. Wait It Out

If none of the above works, the collection will automatically fall off your report after 7 years from the original date of delinquency.

Contact Information for Cavalry SPV I LLC

• Mailing Address:
  Cavalry SPV I, LLC
  c/o Cavalry Portfolio Services
  P.O. Box 520
  Valhalla, NY 10595
• Phone:
  1-866-483-5139

Use certified mail with return receipt when sending correspondence. Always keep copies for your records.

How to Protect Yourself From Debt Collection Abuses

Whether you owe the debt or not, it’s your right to be treated fairly. Here’s how to protect yourself:

• Never give out personal financial info over the phone.
• Always ask for written documentation.
• Log all calls, including dates, times, and what was said.
• Send written disputes or settlement offers via certified mail.
• Don’t let fear push you into payments you can’t afford.

Legal Rights Under the FDCPA

The Fair Debt Collection Practices Act (FDCPA) gives consumers protection from abusive collection practices. Collectors cannot:

• Call before 8 a.m. or after 9 p.m.
• Contact you at work if you ask them not to
• Harass or threaten you
• Lie or misrepresent information
• Discuss your debt with third parties

Violations can lead to legal consequences for the collector, and you may be entitled to damages.

Final Thoughts: Stay Informed, Stay Calm

Cavalry SPV I LLC is a major player in the debt buying industry. While dealing with them can be stressful, understanding your rights and responsibilities gives you control. Always approach debt collection matters with a calm, organized mindset. Whether you owe the debt or believe it’s an error, there are concrete steps you can take to resolve the situation effectively.

FAQs About Cavalry SPV I LLC

Q1: Is Cavalry SPV I LLC a scam?
No, they are a legitimate debt buyer, although their tactics can sometimes feel aggressive or confusing.

Q2: Can I be sued by Cavalry SPV I LLC?
Yes, if the debt is valid and within the statute of limitations, they may sue to collect.

Q3: Should I pay Cavalry SPV I LLC?
Only after verifying the debt is valid and legally collectible. Consider negotiating a settlement.

Q4: Will paying them remove the collection from my credit report?
Not necessarily. You can try negotiating a pay-for-delete agreement before making payment.

Q5: How long can Cavalry SPV I LLC collect a debt?
This depends on your state’s statute of limitations, typically 3–6 years.