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How to Resolve a Cavalry SPV I LLC Debt Lawsuit

George Simons | January 09, 2025

George Simons
Co-Founder of SoloSuit
George Simons, JD/MBA

George Simons is the co-founder and CEO of SoloSuit. He has helped Americans protect over $1 billion from predatory debt lawsuits. George graduated from BYU Law school in 2020 with a JD-MBA. In his spare time, George likes to cook, because he likes to eat.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Fact-checked by Patrick Austin, J.D.

Patrick Austin
Attorney from George Mason
Patrick Austin, JD

Patrick Austin is a licensed attorney with a background in data privacy and information security law. Patrick received his law degree at George Mason University's Antonin Scalia Law School, where he served as the Editor-in-Chief for the National Security Law Journal.

Summary: Cavalry SPV I LLC is a debt collection company that purchases debts in bulk from credit card and loan companies at a discounted rate. If Cavalry SPV has contacted you about a debt, Solo can help you respond to a debt lawsuit and settle your debt before going to court.

If you never heard of Cavalry SPV I LLC and are surprised when they claim you owe them money, you are not alone. You probably did not take out a loan or make a purchase directly from Cavalry. You may be asking yourself, “So, why do they claim I owe them money?” Well, it is because Cavalry SPV I LLC is a purchaser of charged off debt.

Communicating with a debt buyer like Cavalry SPV I LLC can be a proactive step toward resolving your financial obligations. Debt buyers like Cavalry purchase charged-off debts from original creditors, and their goal is to work with you to find a mutually beneficial solution.

If Cavalry contacts you, it's an opportunity to engage in open dialogue. Debt buyers often understand that financial situations vary and are willing to explore options such as payment plans or negotiated settlements that work within your means. This collaborative approach can help you address your debt while avoiding further complications.

Even if you’ve never heard of Cavalry before, their contact indicates they have acquired your debt from the original creditor. By reaching out and confirming the details, you can clarify any confusion and take steps to resolve the matter. Open communication can pave the way for a resolution that benefits both parties and helps you move forward with peace of mind.

Settle debt with Cavalry SPV I LLC

You can negotiate debt settlement at any stage of the collections process. SoloSettle makes it easy.

Settle with SoloSettle

What is Cavalry SPV I LLC?

Cavalry SPV I LLC (aka Cavalry Portfolio Services) is a debt collection company that purchases debts in bulk from credit card and loan companies at a discounted rate. Cavalry then turns around and files debt collection lawsuits against consumers in an effort to try and collect on the full amount owed. This way, they pay pennies for the debt and profit hugely when consumers pay the debt off to them.

If you've received multiple phone calls and letters from a Cavalry SPV, or were served with a collection lawsuit, take action by utilizing the resources available through Solo. We are here to help consumers who are subjected to debt collection lawsuits. We've compiled relevant information that helps demystify the process associated with debt collection lawsuits so you know what to expect and what steps you should take to protect your rights against a debt collection company like Cavalry SPV I LLC.

To make sure you're taken seriously in court, keep in mind that it's Cavalry, not Calvary. Be sure to spell and pronounce the company's name correctly (the 'v' comes first in Cavalry SPV I LLC). This is a common mistake among consumers who are sued by Cavalry Portfolio Services.

Know your rights if Cavalry SPV I LLC contacts you about debt

Cavalry SPV I LLC works to collect on debts they've purchased, and it's important to know that there are clear guidelines under the Fair Debt Collection Practices Act (FDCPA) that protect consumers in these interactions. Understanding your rights can empower you to navigate these situations with confidence and foster constructive communication with Cavalry or any other debt collector.

For example, according to the FDCPA, Cavalry SPV cannot:

  • Use vulgar, offensive, or threatening language when speaking to you over the phone
  • Threaten you with legal action.
  • Call before 8:00 A.M or after 9:00 P.M.
  • Call you excessively with the intent to annoy, abuse, or harass
  • Contact you at work, especially if your employer doesn't allow such communications.
  • Falsely represent themselves as attorneys, or falsely represent the debt in terms of amount, legal status, and character
  • Discuss the debt with anyone other than you, your spouse, your attorney, or the creditor

If Cavalry contacts you, consider this an opportunity to address the debt directly. Debt collectors are often open to working with consumers to find manageable solutions, such as payment plans or negotiated settlements. Being informed about your rights ensures you can engage confidently and work toward resolving the debt in a way that works for both parties.

Resolve your debt collections lawsuit against Cavalry SPV I LLC

If you are served with a debt collection lawsuit by a representative of Cavalry SPV I LLC, it is important to take action and respond to the lawsuit. First and foremost, when Cavalry SPV files a debt collection lawsuit, they will file a formal “Complaint” against you. Keep in mind, when Cavalry files the lawsuit in court, they have a legal obligation to formally serve you with a copy of the Complaint.

When you are served with the Complaint, the proverbial clock begins to run on the amount of time you have to file your response (i.e. your “Answer”) to the lawsuit. Here are helpful tips on how to effectively draft your Answer:

  • Never admit being liable for the alleged debt. Why? Because Cavalry SPV bears the burden of establishing that you actually owe the outstanding debt.
  • File your Answer with the Clerk of Court on time (in most debt collection cases, you need to file your Answer within 20 or 30 days after you are served with the Complaint).
  • Mail a copy of your Answer that was stamped by the Clerk of Court to Cavalry SPV I LLC.
  • Filing an Answer will block a default judgment, but it's only the first step to resolving the debt lawsuit. You should contact the opposing lawyer to ask about your options to settle the debt. SoloSettle can help you negotiate to settle your debt.

SoloSuit makes it simple to respond the right way.

Raise these affirmative defenses in your Answer to a Cavalry Portfolio Services lawsuit

When you respond to Cavalry SPV's Complaint, you have the opportunity to highlight any deficiencies or shortfalls in the lawsuit. Also, make sure to keep in mind that, in a debt collection lawsuit, the debt collector carries the burden of proof in establishing liability for the amount owed...not you. Basically, this means the debt collector carries the legal burden to establish the following:

  1. You are the individual responsible for the debt;
  2. The debt collector possesses the legal right to sue you; and
  3. You actually owe a specific amount to Cavalry SPV I LLC

If Cavalry SPV lacks sufficient evidence to prove these legal elements, then there is a good chance you will prevail in court against this debt collector.

SoloSuit helps you make the right defense the right way.

You should also check the statute of limitations on debt in your state and include it as an affirmative defense in your Answer. You may be asking, “What the heck is a statute of limitations?” Well, the statute of limitations is essentially the amount of time someone has to file a lawsuit against another person or company. If the facts of your case indicate that Cavalry SPV is suing you on a debt where the applicable statute of limitations has expired, then you can file a motion to have Cavalry's lawsuit dismissed with prejudice.

Draft a winning Answer to your lawsuit against Cavalry Portfolio Services

The first step to resolve debt with Cavalry is to file your written Answer in court. You might think you need a lawyer to help you draft your Answer, but finding an attorney can be super expensive and difficult. You can represent yourself and draft an Answer with SoloSuit's help.

Here are 6 tips to drafting a winning Answer to your debt lawsuit:

  1. The Answer isn't the place to tell your side of the story in detail.
  2. Deny Deny Deny
  3. Include defenses
  4. Use standard formatting or “style”
  5. Include certificate of service
  6. Sign it
    7.

Learn more about these tips in the video below. SoloSuit's founder breaks down all 6 tips and gives examples here:

Keep in mind that filing an Answer is only the beginning to settling a Cavalry SPV lawsuit. The written Answer will prevent a default judgment, but it won't mean that you win the case automatically or that your debt disappears. In order to fully resolve the issue, be sure to attend court hearings and trials that get scheduled for your case. Failure to show up will lead to a judgment against you.

Take things a step further and negotiate with Cavalry SPV I LLC to settle your debt for less. Keep reading to learn how.

How much will Cavalry settle for?

Since Cavalry purchases debts from original creditors for pennies on the dollar, they are usually willing to settle a debt for less than the original amount on the account. In fact, most collection agencies and companies operate like this.

If you want to pay off your debt, but you can't afford to, you should file your Answer in court and then reach out to Cavalry to negotiate a settlement. Negotiating a settlement might seem intimidating at first, but you should be honest and upfront with Cavalry about your financial situation. Don't ever agree to a settlement that you know you can't realistically pay. This could end up causing you even more financial problems. For tips on how to settle your debt with Cavalry SPV, check out this video:

SoloSettle, powered by SoloSuit, is a tech-based approach to debt settlement. Our software helps you send and receive settlement offers until you reach an agreement with the collector. Once an agreement is reached, we’ll help you manage the settlement documentation and transfer your payment to the creditor or debt collector, helping you keep your financial information private and secure.

What is Solo?

Solo makes it easy to resolve debt with debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt. SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

SoloSettle can help you contact your debt collector or creditor and negotiate the debt to settle for less, all online. It simplifies and streamlines the process to settling your debt.

No matter where you find yourself in the debt collection process, Solo is here to help you resolve your debt.

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

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